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9 • City Council BusinessCity of Waco (McLennan County)
[2026-143] Consider a resolution approving an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code with Elefante Holdings, LLC (the “Company”), for a total amount not to exceed $6,000,000, structured as follows: a) a real property tax reimbursement of 100% of the amount paid for Year 1, 80% of the amount paid for Year 2, 100% of the amount paid over $5,500,000 for Years 3 through 6, and 100% of the amount paid over $6,000,000 for Years 7 through 10; (b) a sal
Presented in: City of Waco: Regular City Council Meeting on 2026-03-17
Official Roll-Call Vote
Expands Gov't • 7.5/10 Impact Weight
PASSED (6 - 0)
“[2026-143] Consider a resolution approving an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code with Elefante Holdings, LLC (the “Company”), for a total amount not to exceed $6,000,000, structured as follows: a) a real property tax reimbursement of 100% of the amount paid for Year 1, 80% of the amount paid for Year 2, 100% of the amount paid over $5,500,000 for Years 3 through 6, and 100% of the amount paid over $6,000,000 for Years 7 through 10; (b) a sal”
JH
Jim Holmes
Mayor (At-Large)
YES
AJ
Andrea J. Barefield
Councilmember, District 1 (District 1)
YES
IL
Isabel Lozano
Councilmember, District 2 (District 2)
YES
JC
Jed Cole
Councilmember, District 3 (District 3)
YES
DE
Darius Ewing
Councilmember, District 4 (District 4)
YES
GC
George Chase
Councilmember, District 5 (District 5)
YES
Staff Report & Agenda Item Details
Waco City Council Item 9: Consider a resolution approving an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code with Elefante Holdings, LLC (the “Company”), for a total amount not to exce
Bastiat Liberty & Property Rights Analysis
This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).