Which government bodies are involved in Council Rejects Settlement Payment for Homewood Suite Incentive (26-1403)?

This matter has been reviewed by: City Council.

Council Rejects Settlement Payment for Homewood Suite Incentive (26-1403)

Q: What is the current status of Ratification of a City Council Ordinance disapproving the Program, Expenditure, and Funding under the Termination, Settlement, and Release Agreement between the Corpus Christi B Corporation and Elevate QOF, LLC; adjusting Type B Budget to withdraw funds from the terminated program for the Homewood Suite Incentive; directing the City Manager and City Staff not to make or facilitate payment; and providing for an effective date.?

As of the last recorded event on 2026-09-08 00:00:00+00, this matter is active. It has appeared in 2 events across City Council.

Q: When was Council Rejects Settlement Payment for Homewood Suite Incentive (26-1403) first introduced?

This matter was first recorded on 2026-09-01 00:00:00+00.

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Ratification of a City Council Ordinance disapproving the Program, Expenditure, and Funding under the Termination, Settlement, and Release Agreement between the Corpus Christi B Corporation and Elevate QOF, LLC; adjusting Type B Budget to withdraw funds from the terminated program for the Homewood Suite Incentive; directing the City Manager and City Staff not to make or facilitate payment; and providing for an effective date.

active

Budgetsite_specificNotableCity Council

This ordinance disapproves the program, expenditure, and funding under the termination and settlement agreement between the Corpus Christi B Corporation and Elevate QOF, LLC. It moves money out of the terminated program in the Type B (economic development) budget for the Homewood Suite Incentive, and directs the City Manager and city staff not to make or facilitate payment.

2 eventsFirst seen Sep 1, 2026Last activity Sep 8, 2026File #: 26-1403

Topics

budget

development

governance

policy

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Attorney

Obtain settlement agreement terms before payment dispute over hotel incentive

Applies if: You advise the Type B corporation, the city, or Elevate QOF, LLC

Why now: Council passed Enactment No. 034020 on 2026-09-08 by 5 to 2 (2 abstained), disapproving the program, expenditure and funding and directing the City Manager and staff not to make or facilitate payment.

What to do: Pull the Termination, Settlement, and Release Agreement between the Corpus Christi B Corporation and Elevate QOF, LLC and check whether it makes payment conditional on council approval or sets any default or cure terms. Council has directed staff not to pay, so the question is whether the agreement's terms leave exposure for the corporation.

Act before: After the next material record update

Source: City Council — Sep 08, 2026 →

Journalist

Ask why council rejected settlement payment for Homewood Suite incentive

Why now: At the 2026-09-01 first reading, the record states "There were no comments from the Council or the public," and the Interim City Attorney said the item only ratifies last week's emergency ordinance so the public could speak; the vote was 5-2 with Barrera and Scott against and Roy abstaining, and on 2026-09-08 Mayor Guajardo and Roy abstained.

What to do: Request the settlement agreement, the amount at issue, and the reasoning behind the emergency ordinance. The public record shows no council discussion, so the reasons for blocking payment under an agreement the Type B corporation signed are unexplained.

Act before: After the requested records are produced

Source: City Council — Sep 08, 2026 →