Which government bodies are involved in Rejecting Elevate QOF Settlement Funding for Homewood Suite Incentive (26-1403)?

This matter has been reviewed by: City Council.

Rejecting Elevate QOF Settlement Funding 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 Rejecting Elevate QOF Settlement Funding 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 settlement agreement between the Corpus Christi B Corporation and Elevate QOF, LLC. It moves money in the Type B budget out of the terminated program for the Homewood Suite Incentive and directs the City Manager and city staff not to make or facilitate any payment.

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

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budget

development

governance

policy

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Attorney

Obtain settlement agreement to assess exposure after payment prohibition

Why now: The ordinance (Enactment No. 034020, passed 5-2 with 2 abstentions on 2026-09-08) disapproves the expenditure under the agreement and directs staff not to pay, and it ratifies an emergency ordinance passed the prior week.

What to do: Pull the Termination, Settlement, and Release Agreement and the ratified ordinance, and check whether the agreement's payment terms conflict with the directive that the City Manager and staff not make or facilitate payment. Frame the question of counterparty claims from the agreement's own language, not assumptions.

Act before: After the next material record update

Source: City Council — Sep 08, 2026 →

Journalist

Request Elevate QOF settlement terms behind rejected Homewood Suite incentive

Why now: Council ratified the disapproval 5-2 on 2026-09-08 (Enactment No. 034020) after the 2026-09-01 first reading drew no public comment, and Barrera and Scott voted against both times while Roy abstained on both readings and Mayor Guajardo also abstained on the second.

What to do: File a records request for the Termination, Settlement, and Release Agreement between the Corpus Christi B Corporation and Elevate QOF, LLC, plus any staff analysis of the Type B budget funds withdrawn. The public cannot judge what the council refused to pay, or what exposure that creates, without the agreement's terms.

Act before: After the requested records are produced

Source: City Council — Sep 08, 2026 →