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May 12, 2026 · Resolution

Council approves amended TIRZ #3 agreement adding Happy Again, LP; cap stays $4.67 million, 4-0

The council voted 4-0, with Councilmember Don Tipps absent, to approve a first amended and restated version of the April 2024 TIRZ #3 agreement with Attebury Elevators and Rockrose Development. It adds Happy Again, L.P. as a developer, makes the three jointly and severally liable, lets projects be done in phases, and adds two projects that raise the estimated eligible cost from $4,665,899 to $5,712,898, while reimbursement stays capped at $4,670,000 through December 31, 2042. The TIRZ #3 board had approved it unanimously on April 23, 2026.^[1]^[2]

Cole Stanley Tim Reid David Prescott Les Simpson Don Tipps Attebury Elevators, LLC Rockrose Development, LLCHappy Again, L.P.

What the sources say

✓ Verified
On May 12, 2026 the council approved the First Amended and Restated TIRZ #3 developer agreement 4-0 on a motion by David Prescott, seconded by Les Simpson: yes, Cole Stanley, Tim Reid, David Prescott and Les Simpson; absent, Don Tipps. Assistant Director of Planning Drew Brassfield presented it. ^[1]
✓ Verified
The amended agreement adds Happy Again, L.P. as a developer, makes the three developer entities jointly and severally liable, allows Exhibit B projects to be completed and reimbursed in phases with City Engineer approval and City acceptance, and adds the Northeast Public Easement Shared Drive and Northeast Utilities projects. The estimated eligible cost rises from $4,665,899 to $5,712,898; reimbursement stays capped at $4,670,000 through December 31, 2042, and the developer pays costs above the cap. ^[2]
Original estimate
$4,665,899
Amended estimate
$5,712,898
Cap
$4,670,000
✓ Verified
Happy Again LP appeared in council records before 2026: the February 13, 2024 minutes list "Rockrose Development, LLC and Happy Again LP" as applicants for an easement release near Interstate 27 and Hollywood Road. The May 2026 memo does not say why Happy Again was added to the agreement. ^[3]^[2]

Sources

1.Amarillo City Council regular meeting minutes, May 12, 2026 — City of Amarillo, May 12, 2026 · retrieved Oct 12, 2026primarySubject-authoredDate is the meeting date. Consent item 4.7 (Verkada camera systems); consent agenda approved 4-0, Councilmember Tipps absent.
2.Amarillo City Council Regular Meeting agenda packet, May 12, 2026 — City of Amarillo, May 12, 2026 · retrieved Oct 16, 2026primarySubject-authoredTIRZ #3 First Amended and Restated Developer Agreement memo and agreement, pages 108-129 of 129: "reimbursement cap of $4,670,000"; Exhibit B "Total Estimate $5,712,898.00" (original agreement "$4,665,899"); term "not to exceed December 31, 2042". 'published' approximated as the meeting date.
3.Amarillo City Council Regular Meeting Minutes, 2024-02-13 — City of Amarillo, Feb 13, 2024 · retrieved Oct 16, 2026primarySubject-authoredConsent item, Resolution No. 02-13-24-2, states: "release of a public utility easement & temporary construction easement in the vicinity of Interstate 27 and Hollywood Road ... (APPLICANT: Rockrose Development, LLC and Happy Again LP)". Scanned file read with OCR.