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9 • City Council BusinessCity of Waco (McLennan County)
[2026-378] Consider a resolution approving a first amendment to an economic development agreement (the Agreement”) with LaSalle Apartments 18 LLC (the “Company”), to add a real property tax reimbursement from Reinvestment Zone Number Four for Tax Increment Financing Funds in the amount of 100% of the tax increment generated each year over the base value of $456,920 for seven years, with the maximum total value of the additional grant being $600,000 in exchange for four additional (4) Affordable
Presented in: City of Waco: 6/16 Regular City Council Meeting on 2026-06-16
Official Roll-Call Vote
Expands Gov't • 7.5/10 Impact Weight
PASSED (6 - 0)
“[2026-378] Consider a resolution approving a first amendment to an economic development agreement (the Agreement”) with LaSalle Apartments 18 LLC (the “Company”), to add a real property tax reimbursement from Reinvestment Zone Number Four for Tax Increment Financing Funds in the amount of 100% of the tax increment generated each year over the base value of $456,920 for seven years, with the maximum total value of the additional grant being $600,000 in exchange for four additional (4) Affordable ”
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 a first amendment to an economic development agreement (the Agreement”) with LaSalle Apartments 18 LLC (the “Company”), to add a real property tax reimbursement from Re
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).