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At-a-glance: board approves minutes, Texas Materials incentive and Balcones amendment
Summary
The Type A board approved minutes from May 26, 2026, a performance-based incentive package for Texas Materials/CRH Americas (including a $2M grant and 10-year sales-tax rebate) and a third amendment to the Balcones agreement that adds Lot 2B and milestone dates.
Key votes at the Cedar Park Type A board meeting:
• Minutes (05/26/2026): Motion to approve carried after a second and a voice vote of aye.
• Texas Materials / CRH Americas performance agreement: The board approved a resolution authorizing a $2,000,000 performance-based economic development grant and a 10-year sliding rebate of the EDC portion of sales tax (100% years 1–2; 90% years 3–4; 80% year 5; 75% years 6–10). Staff described a company commitment to $3,000,000 in capital investment and maintaining 169 full-time jobs. The motion passed on a recorded voice vote of aye.
• Balcones Real Estate Group — third amendment: The board approved an amendment to add Lot 2B (approx. 0.135 acres) to the agreement and set milestone dates for lease execution, certificates of completion, ground-breaking and a trail connection. The motion passed on a voice vote of aye.
Each approved item was moved, seconded and carried by the board; staff will proceed with contract finalization and milestone monitoring for the incentive and the development amendment.
