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Rosenberg Development Corporation presents FY2024 annual report to council
Summary
RDC staff summarized the corporation's FY2024 annual report, including tax-abatement counts, active performance agreements, chapter 380 agreements with Builders First Source and planned CIP projects; the RDC board approved the report in December and forwarded it to council for consideration.
Rosenberg Development Corporation representative Joe Esch presented the RDC's annual report for fiscal year ending Sept. 30, 2024, outlining the corporation's activities, incentives and planned projects.
Esch told the council the report is divided into sections covering the RDC itself, sources and uses of funds, performance agreements and outstanding incentives. He said there are presently seven tax abatements (one expired in 2024; others expire in 2026, 2027, 2030 and 2031) and…
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