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Board approves payment from EC&R Development, LLC related to limited appraised valuation agreement
Summary
The Kenedy County-Wide CSD board approved a payment from EC&R Development, LLC to compensate the district for revenue losses arising from a Limited Appraised Valuation Agreement; the motion passed unanimously.
Trustees approved a payment from EC&R Development, LLC to reimburse the district for revenue losses resulting from a Limited Appraised Valuation Agreement. The motion was made by Board Trustee Leticia Vela and seconded by Board Secretary Gerardo Medellin; the recorded vote was unanimous.
The transcript does not include dollar amounts or the detailed terms of the Limited Appraised Valuation Agreement; those details will be reflected in the district's contract and accounting records.
