TCEDC Weighs Final Chapter 380 Payment to Edifis

The Texas City Economic Development Corporation is considering approval of a final sales tax reimbursement payment of up to $128,646.50 to Edifis Group under its existing Chapter 380 incentive agreement, addressing weather-related damage at the Edifis shopping center. The action would extend the incentive term by six months within a seven‑year framework, with a maximum reimbursement cap of $1.6 million and an agreement end date of January 1, 2026.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $128,646.50

Contract type

FINANCIAL_SERVICES

Contract term

Seven years; additional payment representing 50% of sales tax generated from a six‑month extension within existing Chapter 380 agreement framework

Renewal date

2026-01-01

Renewal

Original Chapter 380 incentive began January 1, 2019 with a seven‑year term and a January 1, 2026 end; this action adds a six‑month extension for sales tax reimbursement, up to a total program cap of $1.6 million.

Document type

Agenda

Source document

Texas City Economic Development Corporation Agenda 2026-07-29

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Texas?

Edifis Group was awarded this financial services contract by City of Texas, as recorded on July 29, 2026. The contract value is Not to exceed $128,646.50.

How much is the Edifis Group contract with City of Texas worth?

The Edifis Group contract with City of Texas is valued at Not to exceed $128,646.50, 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 Texas City Economic Development Corporation Agenda 2026-07-29 (Agenda), dated July 29, 2026 from City of Texas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Edifis Group hold?

Edifis Group 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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