Ord. 2026-10-05-20.City of Laredo (Webb County)

A Resolution of the City Council of the City of Laredo, Texas authorizing and approving a fee waiver and a tax abatement agreement between the City of Laredo and PAVE Investments, LLC for a proposed multi-family project located at 3119 Saltillo Street, Lot 4A Block 1914 Eastern Division, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ).

Bastiat Overreach Score: 78/100

Passed: 2026-10-05 • Effective: 2026-10-05

Executive Summary & Impact

A Resolution of the City Council of the City of Laredo, Texas authorizing and approving a fee waiver and a tax abatement agreement between the City of Laredo and PAVE Investments, LLC for a proposed multi-family project located at 3119 Saltillo Street, Lot 4A Block 1914 Eastern Division, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ). This agreement will be for a ten (10) year period and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $448,474.40, an estimated annual tax abatement of $2,674.87, and estimated total fee waivers of $3,077.00. Guidelines and criteria applicable to the agreement are set forth in the attached agreement and supporting documentation.

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Legislative Enactment & Roll-Call History

20. • City of Laredo City Council Meeting2026-10-05

A Resolution of the City Council of the City of Laredo, Texas authorizing and approving a fee waiver and a tax abatement agreement between the City of Laredo and PAVE Investments, LLC for a proposed multi-family project located at 3119 Saltillo Street, Lot 4A Block 1914 Eastern Division, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ).

Outcome: PASSED (9-0) • Motion to approve A Resolution of the City Council of the City of Laredo, Texas authorizing and approving a fee waiver and a tax abatement agreement between the City of Laredo and PAVE Investments, LLC for a proposed multi-family project located at 3119 Saltillo Street, Lot 4A Block 1914 Eastern Division, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ).

Official Legal Text & Codified Sections

OFFICIAL LEGISLATIVE DOCKET RECORD — CITY OF LAREDO
Instrument / Docket Number: Ord. 2026-10-05-20. (Agenda Item 20.)
Meeting: City of Laredo City Council Meeting
Date Enacted: 2026-10-05
Roll-Call Outcome: PASSED (9 YES - 0 NO)
Category: Taxes & Fees
Source Document: https://cityoflaredo.legistar1.com/cityoflaredo/meetings/2026/10/1335_A_City_Council_26-10-05_Regular_Meeting_Agenda.pdf

VERBATIM DOCKET TEXT & SUMMARY:
A Resolution of the City Council of the City of Laredo, Texas authorizing and approving a fee waiver and a tax abatement agreement between the City of Laredo and PAVE Investments, LLC for a proposed multi-family project located at 3119 Saltillo Street, Lot 4A Block 1914 Eastern Division, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ).  This agreement will be for a ten (10) year period and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $448,474.40, an estimated annual tax abatement of $2,674.87, and estimated total fee waivers of $3,077.00. Guidelines and criteria applicable to the agreement are set forth in the attached agreement and supporting documentation.