Back to Docket Search
8 • City Council BusinessCity of Waco (McLennan County)
[2026-377] Consider a resolution approving an economic development agreement with Cobra Kai Ventures LLC (the “Company”) for a tax increment reimbursement from Reinvestment Zone Number One for Tax Increment Financing Funds, in an amount not to exceed $500,000.00, in exchange for the acquisition of and redevelopment of the improvements associated with the property located at 225 S. 5th Street, Waco, Texas (the “Property”) that will contribute to economic development by the Company’s investment of
Presented in: City of Waco: 6/16 Regular City Council Meeting on 2026-06-16
Official Roll-Call Vote
Expands Gov't • 7.5/10 Impact Weight
PASSED (6 - 0)
“[2026-377] Consider a resolution approving an economic development agreement with Cobra Kai Ventures LLC (the “Company”) for a tax increment reimbursement from Reinvestment Zone Number One for Tax Increment Financing Funds, in an amount not to exceed $500,000.00, in exchange for the acquisition of and redevelopment of the improvements associated with the property located at 225 S. 5th Street, Waco, Texas (the “Property”) that will contribute to economic development by the Company’s investment of”
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 8: Consider a resolution approving an economic development agreement with Cobra Kai Ventures LLC (the “Company”) for a tax increment reimbursement from Reinvestment Zone Number One for Tax Increment Fina
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).