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Title:
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Discussion with possible action to have the City pass a resolution of support in advocating for new state legislation that could lead to a Laredo Project Finance Zone (PFZ) designation with the state of Texas, which allows for municipalities to designate a three-mile zone centered around a convention center or arena in which growth in state hotel taxes collected within the zone would be rebated to the City for a 30-year period to pay for improvements to a convention center or arena, by working with Dean Senator Judith Zaffirini and State Representative Richard Raymond to file legislation for the 2027 Session that would allow Laredo to qualify for a PFZ designation in the future, and any other matters incident thereto.
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