Amendment Proposed for Beachside Phase 3 Development Deal
City of PalaciosCity · TX- Disclosed value
- City share not to exceed $7,000,000
- From agenda
- Document date
- Nov 9, 2023
The 30-second brief
A proposed amendment to the 2022 Development Agreement with SAL Holdings, LLC for Beachside Phase 3 was circulated for discussion to allow inclusion of a golf course facility. The concept contemplates a cost-sharing arrangement with the City’s contribution capped at $7 million and a restart of the 15‑year term.
Sal Holdings LLC holds this facilities contract with City of Palacios.
Term as filed: 15 years (proposed restart of agreement term).
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Contract details
- Contract type
- Facilities
- Amount
- City share not to exceed $7,000,000
- Document date
- November 9, 2023
- Term
- 15 years (proposed restart of agreement term)
- Vendor
- Sal Holdings LLC
- Agency
- City of Palacios
- Source document
- city-of-palacios-city-council-meeting-agenda-november-9-2023_38a.pdf (Agenda)
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Questions about this contract
Who was awarded the facilities contract by City of Palacios?
Sal Holdings LLC was awarded this facilities contract by City of Palacios, as recorded on November 9, 2023. The contract value is City share not to exceed $7,000,000.
How much is the Sal Holdings LLC contract with City of Palacios worth?
The Sal Holdings LLC contract with City of Palacios is valued at City share not to exceed $7,000,000, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-palacios-city-council-meeting-agenda-november-9-2023_38a.pdf (Agenda), dated November 9, 2023 from City of Palacios. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sal Holdings LLC hold?
Sal Holdings LLC 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 Palacios currently buying?
Explore City of Palacios's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.