Commissioners Court Meeting

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Meeting Date:	05/08/2023
NEZ Program
Submitted for:	Jorge L. Trevino	Submitted By:	Jorge L. Trevino
Department:	Civil Legal Division

Subject:

Discussion and possible action to approve a tax abatement agreement under the Webb County Neighborhood Empowerment Zone (NEZ), Number One Program ("Program") for AGDL Investments, LLC. as owners of a tract of land situated in Webb County, Texas, and being the surface only of lot numbers seven (7), eight (8) and (9) in block Nine Hundred Fourteen (914), Eastern Division, in the City of Laredo according to plat thereof recorded in Volume 1, Page 17, Plat Records of Webb County, Texas; also commonly known as 117, 118, & 119 S. Mendiola Ave, Laredo, Teas 78043. Said real property has already been approved pursuant to City of Laredo resolution No. 2022-R-180 and now requires approval by Webb County Commissioners Court in order to proceed with the project; and authorizing the County Judge to execute any and all relevant documents; and any other matters incident thereto.

Issue: A tax abatement has been approved by City of Laredo for a multifamily home project, which will consist of 12 Apartment Units and requires approval from the Webb County Commissioners Court and is necessary for the Webb County Tax Appraisal District to issue the respective tax abatement.

Solution: Approval of this tax abatement for 117, 118, & 119 S. Mediola Ave Laredo, Texas 78043.

Result: Approval of this tax abatement will allow the Webb County Tax Appraisal District to issue the respective tax abatement under the NEZ, Number One Program.

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	na
Funding Source:	na
Balance:	na
Financial Impact:
na

Attachments
Application
Deed
Cost Estimate
Construction Plans
Support Documents
Fee Waiver
Resolution
Tax Abatement
Building Permit
5-08-2023 Item #8.d - Tax Abatement - AGDL Investments LLC - Executed