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Council approves amendment to Chapter 380 agreement for 6400 Bandera, extending milestones amid CPS-related delays
Summary
Council approved a first amendment to a Chapter 380 economic development agreement for the 6400 Bandera property to extend façade and interior improvement deadlines, clarify reimbursement language and shift the sales-tax rebate schedule forward by one year; staff said there is no change in total incentive value.
The City Council voted to approve a first amendment to the Chapter 380 economic development agreement for the property at 6400 Bandera that extends construction and milestone dates after the grantee reported delays related to CPS approvals.
Sarah Wilpole, the city’s economic development and special projects director, explained the amendment is clerical and timeline-oriented: it extends exterior façade and interior-improvement deadlines (the developer now estimates completion by the end of 2026), updates Exhibit D to shift the sales-tax rebate schedule by one year, and clarifies maximum reimbursement language. "This is just to ensure that these funds do not carry forward if the grant is not performed," Wilpole said, describing the change as performance-based and not increasing the incentive total. She also reported the grantee had received some approvals from CPS as of the day before the meeting and that sales-tax rebates would begin in 2027 after planning-and-zoning inspections and state reporting timelines permit quarterly repayments.
Councilor Campos made the motion to accept the amendment and Councilor Bolton seconded; the motion carried. Staff said the amendment is intended to align the city’s payment timing with state reporting and to ensure rebates are paid only on actual, performed sales-tax collections per the city finance director’s monthly reports.
