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Investor asks TIRZ board for update on stalled Las Colinas Phase I
Summary
Investor Cheryl Moy told the Kenedy TIRZ board she had invested $150,000 in the Las Colinas Phase I project and said she had not received updates; staff reported work to find a contractor but the board took no formal action.
Investor Cheryl Moy attended the Oct. 24 meeting of the City of Kenedy Tax Increment Reinvestment Zone No. 2 Board and asked for a status update on the Las Colinas Phase I development. Moy said she had invested $150,000 in the project and that "she just wanted to know where the $150,000.00 she invested for this project was because she had never heard anything on this project's status."
Ben Reed, identified in the minutes as EDC (4B) Manager, told the board he has been helping to find a contractor to build homes for Las Colinas Phase I. The minutes record that no reports had been received from Clarence Littlefield for the meeting, and that no formal action was taken on the item. Board members asked that contractor updates appear on the next TIRZ agenda.
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