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Council approves third amendment with Balcones Real Estate setting project milestones
Summary
Council approved a third amendment to the Economic Development Performance Agreement with Balcones Real Estate Group that sets milestones including completing Building One, a public trail connection, and constructing Building Two; the measure passed by council vote.
Arthur Jackson, chief economic development officer, reviewed the proposed third amendment to the performance agreement with Balcones Real Estate Group. Jackson said the amendment establishes milestones such as lease and completion of Building One, construction of a public trail connection, construction of Building Two, and commercial development.
Councilmember Michael Endres moved approval of the amendment; Councilmember Shweta Padmanabha seconded. The council voted to approve the amendment (recorded as Resolution R131.26.06.25.H2). The minutes do not list specific incentive amounts or schedules beyond the milestone descriptions in the staff summary.
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