City of Mercedes Awards Construction Contract to San Jacinto Enterprises (August 2025)
City of MercedesCity · Mercedes, TX- Disclosed value
- Up to $42,106,457 (currently estimated) of tax increment revenue reimbursement for eligible project costs, plus interest (8.5% per annum) on actual expenditures, not to exceed the total annual tax increment over 34 years.
- From agreement
- Approved
- Aug 5, 2025
- Renews
- Free account
The 30-second brief
The City of Mercedes approved a 34-year economic development agreement with San Jacinto Enterprises to reimburse up to $42.1 million plus interest for infrastructure and public improvements in TIRZ #2, based on annual tax increment revenues and actual audited costs. Payments begin after initial project acceptance and are made annually until cap or term end.
San Jacinto Enterprises holds this construction contract with City of Mercedes.
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Contract details
- Contract type
- Construction
- Amount
- Up to $42,106,457 (currently estimated) of tax increment revenue reimbursement for eligible project costs, plus interest (8.5% per annum) on actual expenditures, not to exceed the total annual tax increment over 34 years.
- Document date
- August 5, 2025
- Term
- August 5, 2025 – December 31, 2059 (34 years) or earlier if paid in full
- Renews
- On record
- Vendor
- San Jacinto Enterprises
- Agency
- City of Mercedes
- Source document
- city-of-mercedes-economic-development-agreement_f45.pdf (Agreement)
San Jacinto Enterprises's other public contracts
More City of Mercedes contracts
Questions about this contract
Who was awarded the construction contract by City of Mercedes?
San Jacinto Enterprises was awarded this construction contract by City of Mercedes, as recorded on August 5, 2025. The contract value is Up to $42,106,457 (currently estimated) of tax increment revenue reimbursement for eligible project costs, plus interest (8.5% per annum) on actual expenditures, not to exceed the total annual tax increment over 34 years..
How much is the San Jacinto Enterprises contract with City of Mercedes worth?
The San Jacinto Enterprises contract with City of Mercedes is valued at Up to $42,106,457 (currently estimated) of tax increment revenue reimbursement for eligible project costs, plus interest (8.5% per annum) on actual expenditures, not to exceed the total annual tax increment over 34 years., covering construction work.
What type of contract is this?
This is a Construction contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-mercedes-economic-development-agreement_f45.pdf (Agreement), dated August 5, 2025 from City of Mercedes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does San Jacinto Enterprises hold?
San Jacinto Enterprises may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Mercedes currently buying?
Explore City of Mercedes's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.