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Economic Development Reimbursement for Olivarez Organization, LLC

City of Mercedes logoCity of Mercedes
Document date
Sep 2, 2025
Term
34 years

The 30-second brief

What it covers

City of Mercedes considering economic development agreement with Olivarez Organization, LLC, agreeing to contribute seventy percent (70%) of approved Ad Valorem Tax Rate each year until December 31, 2059, towards tax increment funding for TIRZ #2. Hidalgo County is also considering participating by contributing fifty percent (50%) of its Maintenance and Operation Tax Rate.

Who holds it

Olivarez Organization holds this economic development reimbursement contract with City of Mercedes.

What happens next

Term as filed: 34 years.

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Contract details

Contract type
Economic Development Reimbursement
Document date
September 2, 2025
Term
34 years
Vendor
Olivarez Organization
Agency
City of Mercedes
Source document
city-of-mercedes-regular-meeting-agenda-september-2-2025_7a2.pdf (Agenda)

Olivarez Organization's other public contracts

City of Mercedes, TexasReimbursement Agreement Approved for Olivarez Organization (TIRZ No. 2) · Sep 22, 2025UndisclosedCity of Mercedes, TexasReimbursement Agreement with Olivarez Organization for TIRZ No. 2 · Sep 2, 2025UndisclosedCity of Mercedes, TexasOlivarez Organization LLC Reimbursement Agreement on Agenda · Aug 19, 2025UndisclosedCity of Mercedes, TexasOlivarez Organization TIRZ No. 2 Reimbursement Agreement · Aug 19, 2025UndisclosedCity of Mercedes, TexasOlivarez Organization awarded $21M economic development contract · Aug 19, 2025$21.1MAll Olivarez Organization contractsVendor profile

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Questions about this contract

Who was awarded the economic development reimbursement contract by City of Mercedes?

Olivarez Organization was awarded this economic development reimbursement contract by City of Mercedes, as recorded on September 2, 2025.

What type of contract is this?

This is a Economic Development Reimbursement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-mercedes-regular-meeting-agenda-september-2-2025_7a2.pdf (Agenda), dated September 2, 2025 from City of Mercedes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Olivarez Organization hold?

Olivarez Organization may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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