Performance agreement with Pinnacle Property Company approved

Groesbeck Economic Development Corporation entered a 5‑year performance agreement with Pinnacle Property Company, Inc. offering up to $100,930 in reimbursements tied to at least $284,000 of shopping center improvements. The deal is structured to secure a national auto parts retailer and sustained commercial activity at 503 E. Yeagua Dr.

Scope & details

The full contract record, as filed.

Contract amount

Maximum GEDC reimbursement: $100,930.00, paid in five equal annual installments

Contract type

OTHER

Contract term

60 months of continuous operation; reimbursement paid in five equal annual installments over 5 years

Renewal

Performance agreement term is 60 months with fixed reimbursement schedule; no renewals stated.

Document type

AgendaPacket

Source document

City of Groesbeck AgendaPacket City Council Meeting 2026-07-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Groesbeck?

Pinnacle Property Company Inc was awarded this government contract by City of Groesbeck, as recorded on July 21, 2026. The contract value is Maximum GEDC reimbursement: $100,930.00, paid in five equal annual installments.

How much is the Pinnacle Property Company Inc contract with City of Groesbeck worth?

The Pinnacle Property Company Inc contract with City of Groesbeck is valued at Maximum GEDC reimbursement: $100,930.00, paid in five equal annual installments.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Groesbeck AgendaPacket City Council Meeting 2026-07-21 (AgendaPacket), dated July 21, 2026 from City of Groesbeck. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pinnacle Property Company Inc hold?

Pinnacle Property Company Inc 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 Pinnacle Property Company Inc's profile

What is City of Groesbeck currently buying?

Explore City of Groesbeck's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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