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Feb 18, 2025 · Resolution

AEDC reports it owns the CVMR land again under a special warranty deed

In the February 18, 2025 staff report, Interim President Nelson "gave an update on the Special Warranty Deed for CVMR. He stated we now own the property again." The minutes give no acreage, date of the deed or terms. The AEDC's January 31, 2025 project report still listed CVMR's $20,000,000 commitment with nothing paid.^[1]^[2]

Doug Nelson Amarillo Economic Development Corporation (AEDC)CVMR (Texas) Inc.

Downtown & development

What the sources say

✓ Verified
The minutes do not state whether CVMR built anything on the land, whether any incentive was paid, or any reason the company gave for its schedule. No source read for this pass reports the deed's recording date or the acreage returned.^[1]^[3]

Sources

1.Amarillo Economic Development Corporation Board of Directors minutes, February 18, 2025 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Mar 17, 2025 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes (March 17, 2025), as recorded in the draft March 17 minutes in the April 21, 2025 board package.
2.Amarillo Economic Development Corporation Managerial Report, for the four months ended January 31, 2025 — Amarillo Economic Development Corporation, Jan 31, 2025 · retrieved Oct 14, 2026primarySubject-authoredUnaudited; marked 'Restricted for management only, notes are not presented'. 'Cumulative Project Status Report' through January 31, 2025 on page 6. 'published' set to the report period end; the file was uploaded to the AEDC site in December 2025.
3.Amarillo Economic Development Corporation Board of Directors minutes, January 15, 2025 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Feb 18, 2025 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.