Discussion and possible action to adopt a resolution in support of the City of Laredo's legislative effort, during the 90th Texas Legislature, to seek authorization for the establishment of a Project Financing Zone (PFZ) centered around the Sames Auto Arena, which would provide a mechanism to capture eligible incremental State tax revenues generated within the zone for a period of up to 30 years t
Executive Summary & Impact
Discussion and possible action to adopt a resolution in support of the City of Laredo's legislative effort, during the 90th Texas Legislature, to seek authorization for the establishment of a Project Financing Zone (PFZ) centered around the Sames Auto Arena, which would provide a mechanism to capture eligible incremental State tax revenues generated within the zone for a period of up to 30 years to support the development, expansion and improvement of a future convention center and related facilities; recognizing the potential regional economic development, tourism, hospitality, and quality-of-life benefits of such a project for Laredo and Webb County; and authorizing the County Judge to execute the resolution and any related letters of support and any matters incident thereto.
Legislative Enactment & Roll-Call History
Official Legal Text & Codified Sections
OFFICIAL LEGISLATIVE DOCKET RECORD — WEBB COUNTY Instrument / Docket Number: Order 2026-09-28-47 (Agenda Item 47) Meeting: Webb County Commissioners Court - September 28, 2026 Date Enacted: 2026-09-28 Roll-Call Outcome: PASSED (5 YES - 0 NO) Category: Taxes & Fees Source Document: https://public.destinyhosted.com/agenda_publish.cfm?id=93222&mt=ALL&get_month=9&get_year=2026&dsp=ag&seq=1158 VERBATIM DOCKET TEXT & SUMMARY: Discussion and possible action to adopt a resolution in support of the City of Laredo's legislative effort, during the 90th Texas Legislature, to seek authorization for the establishment of a Project Financing Zone (PFZ) centered around the Sames Auto Arena, which would provide a mechanism to capture eligible incremental State tax revenues generated within the zone for a period of up to 30 years to support the development, expansion and improvement of a future convention center and related facilities; recognizing the potential regional economic development, tourism, hospitality, and quality-of-life benefits of such a project for Laredo and Webb County; and authorizing the County Judge to execute the resolution and any related letters of support and any matters incident thereto.