FINANCIAL_SERVICESPENDING

TIRZ Considers Tax Reimbursement for Shoreline Hospitality

The TIRZ No. 3 Board is considering approval of a reimbursement request with Shoreline Hospitality, L.P. for improvements at 309 S Shoreline Boulevard. The proposed Downtown Development Reimbursement Agreement would return 75% of annual property taxes on the improvements to TIRZ #3 for up to 10 years, not to exceed $940,000.

Document date · March 24, 2020

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $940,000
Contract type
FINANCIAL_SERVICES
Contract term
Up to 10 years; 75% of annual property taxes on improvements
Renewal
Reimbursement period is capped at 10 years with a maximum aggregate reimbursement of $940,000; no explicit renewal or extension options are described.
Document type
Agenda
Source document
city_of_corpus_christi_reinvestment_zone_no_3_meet.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Corpus Christi Department of Aviation?

Shoreline Hospitality Lp was awarded this financial services contract by Corpus Christi Department of Aviation, as recorded on March 24, 2020. The contract value is Not to exceed $940,000.

How much is the Shoreline Hospitality Lp contract with Corpus Christi Department of Aviation worth?

The Shoreline Hospitality Lp contract with Corpus Christi Department of Aviation is valued at Not to exceed $940,000, covering financial services work.

What type of contract is this?

This is a Financial Services 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_corpus_christi_reinvestment_zone_no_3_meet.pdf (Agenda), dated March 24, 2020 from Corpus Christi Department of Aviation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Shoreline Hospitality Lp hold?

Shoreline Hospitality Lp 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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