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9 • City Council BusinessCity of Waco (McLennan County)
[2026-143] Consider a resolution approving an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code with Elefante Holdings, LLC (the “Company”), for a total amount not to exceed $6,000,000, structured as follows: a) a real property tax reimbursement of 100% of the amount paid for Year 1, 80% of the amount paid for Year 2, 100% of the amount paid over $5,500,000 for Years 3 through 6, and 100% of the amount paid over $6,000,000 for Years 7 through 10; (b) a sal
Presented in: City of Waco: Regular City Council Meeting on 2026-03-17
Official Roll-Call Vote
Expands Gov't • 7.5/10 Impact Weight
PASSED (6 - 0)
“[2026-143] Consider a resolution approving an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code with Elefante Holdings, LLC (the “Company”), for a total amount not to exceed $6,000,000, structured as follows: a) a real property tax reimbursement of 100% of the amount paid for Year 1, 80% of the amount paid for Year 2, 100% of the amount paid over $5,500,000 for Years 3 through 6, and 100% of the amount paid over $6,000,000 for Years 7 through 10; (b) a sal”
JH
Jim Holmes
Mayor (At-Large)
YES
AJ
Andrea J. Barefield
Councilmember (District 1)
YES
IL
Isabel Lozano
Councilmember (District 2)
YES
JC
Jed Cole
Councilmember (District 3)
YES
DE
Darius Ewing
Councilmember (District 4)
YES
GC
George Chase
Councilmember (District 5)
YES
Staff Report & Agenda Item Details
Waco City Council Item 9: Consider a resolution approving an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code with Elefante Holdings, LLC (the “Company”), for a total amount not to exce
Bastiat Liberty & Property Rights Analysis
This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).