Abram Main Downtown Development Agreement

At a glance

• What: Two resolutions on the downtown redevelopment by Abram Main Acquisition, LLC: a First Amendment to the Development Agreement with the City, and a Consent to Collateral Assignment of the Development Agreement to Frost Bank (the lender).
• Where it stands: Both approved 9-0 on August 25, 2026 on the consent agenda (Resolution Nos. 26-277 and 26-278).
• Related: Downtown Tax Increment Zone Plan.

Details

• Item 7.36, parts a and b. Galante moved all consent items, seconded by Pham; 9 ayes, 0 nays.
• The minutes do not describe the amendment's terms or any dollar amounts.

Sources

• Minutes, August 25, 2026 evening meeting: https://arlingtontx.granicus.com/MinutesViewer.php?view_id=9&clip_id=5530

Log

2026-08-25 - City Council

Resolution Nos. 26-277 and 26-278 approved 9-0 on consent.