Amarillo Water Utilities Awards Financial Services Contract to Rillo Investments Llc (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $900,000 grant plus 10 years of 100% property tax rebate

Contract type

FINANCIAL_SERVICES

Contract term

10 years of 100% annual property tax rebate for eligible taxing entities

Renewal

Developer receives a fixed 10‑year rebate term; no further renewal provisions are described.

Document type

Agenda

Source document

City of Amarillo Council Meeting Agenda May 2026

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City of Amarillo City Council Regular Meeting Agenda April 28, 2026

APPROVED

Amarillo MPO, TexasNot less than $28 million private investment; up to 100% tax rebate for 10 years plus grant not to exceed $900,000Apr 28, 2026

City of Amarillo Minutes Regular Meeting 2026-04-28

APPROVED

city of Amarillo, TexasNot to exceed $900,000 grant plus 100% property tax rebate for 10 yearsApr 28, 2026

City of Amarillo City Council Regular Meeting Agenda April 2026

City of Amarillo Council Regular Meeting Agenda April 2026

APPROVED

city of Amarillo, TexasNot less than $28 million private investment; not to exceed $900,000 grant plus 10-year 100% property tax rebateApr 24, 2026

Center City Tax Increment Reinvestment Zone #1 Board Meeting Agenda April 2026

PENDING

City of Amarillo city, TexasAnnual reimbursement of 100% of ad valorem tax increment for up to 10 years, plus a one-time reimbursement (grant) not to exceed $900,000Apr 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Amarillo Water Utilities?

Rillo Investments Llc was awarded this financial services contract by Amarillo Water Utilities, as recorded on May 9, 2026. The contract value is Not to exceed $900,000 grant plus 10 years of 100% property tax rebate.

How much is the Rillo Investments Llc contract with Amarillo Water Utilities worth?

The Rillo Investments Llc contract with Amarillo Water Utilities is valued at Not to exceed $900,000 grant plus 10 years of 100% property tax rebate, 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 Amarillo Council Meeting Agenda May 2026 (Agenda), dated May 9, 2026 from Amarillo Water Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rillo Investments Llc hold?

Rillo Investments 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.

View Rillo Investments Llc's profile

What is Amarillo Water Utilities currently buying?

Explore Amarillo Water Utilities's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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