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The City Council unanimously approved the first reading creating Tax Increment Reinvestment Zone 5, known as West End, and unanimously approved a tax abatement agreement with Continental Autonomous Mobility US, LLC.
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The new reinvestment zone sets a geographic area where future increases in property tax revenue can help support development-related improvements. The council also approved changes to Continental Autonomous Mobility’s economic development agreement, including revised employment-compliance measures. Council unanimously approved contracts for the San Antonio/Water Lane street project and microtransit services.
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