Res 18-2026 TIF#3 funds to Mohammad Kabir, Nael Trading, LLC DBA Zoom Zoom #5 – 1301 MLK Jr. Blvd., 02/03/2026 Resolution No. 18-2026
Resolution authorizing a performance agreement and appropriating
Tax Increment Financing (TIF) Reinvestment Zone #3 funds to
Mohammad Kabir, Nael Trading, LLC DBA Zoom Zoom #5 — 1301 MLK
Jr. Blvd., for a three (3) year forgivable loan up to $50,000 to support
an existing convenience store with the purchase and installation of
new fuel pumps.
WHEREAS, the City Council created the Tax Increment Financing Reinvestment
Zone #3 (TIF #3) for the purpose of encouraging economic development and increasing
the tax base in Council District 2; and,
WHEREAS, the City Council wishes to pursue the development of public-private
partnerships that further enhance development opportunities; and,
WHEREAS, on January 15, 2026, the Board of Directors of the TIF #3
recommended an expenditure supporting the restoration of needed fueling services.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1 . TIF #3 funds for a three (3) year forgivable loan in the amount up to $50,000 are
hereby appropriated to Mohammad Kabir, Nael Trading LLC, DBA Zoom Zoom #5
for the purpose of supporting an existing convenience store with the purchase and
installation of new fuel pumps.
2. The TIF #3 Chair is authorized to enter into a performance agreement for the TIF
#3 funds.
PASSED AND APPROVED this the 3rd day of February, 2026.
MAYOR
ATTEST:
jyakiuc,--
Druglikkr
City Clerk