· Related development
Council approves a $724,994.63 AEDC expenditure request and $50,000 to design gateway signs, 5-0
The council approved, 5-0, an AEDC expenditure request of $724,994.63. Its largest line was $580,000 for the West Texas Enterprize Challenge; the rest covered marketing, trade shows, appraisals, rail maintenance and property taxes on AEDC land. In a separate 5-0 vote the council amended the AEDC's 2024/2025 budget to add up to $50,000 in marketing to design two gateway monument signs on Interstate 40, a project the packet estimated at $625,000 in total.[1][2]
Les SimpsonJosh CraftTom ScherlenDon TippsKevin CarterAmarillo Economic Development Corporation (AEDC)
What the sources say
- ✓ Verified
The December 10, 2024 expenditure request totals $724,994.63: $640,386.63 for project support and $84,608.00 for marketing. Its lines include $580,000 for the West Texas Enterprize Challenge, $47,186.63 for property taxes on AEDC properties in Potter County, $9,000 for business-park rail maintenance, $6,358 for baseball tickets, and trade-show and conference costs. The council approved it 5-0 on a motion by Les Simpson, seconded by Josh Craft.[1][2]
- Requested
- $724,995
- Project support
- $640,387
- Marketing
- $84,608
- Enterprize challenge
- $580,000
- ✓ Verified
Resolution No. 12-10-24-3, approved 5-0, raised the AEDC's 2024/2025 marketing budget by up to $50,000 to design two gateway monument signs on Interstate 40, one on the east side of Amarillo and one on the west. The memo puts the project's estimated total cost at $625,000, says construction would come back to the council, and notes the AEDC board approved the project 4-0 on September 24, 2024.[1][2]
- Design amendment max
- $50,000
- Estimated total
- $625,000