CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 7
Economic and International Development, Karina Brasgalla, (915) 212-0094
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AGENDA LANGUAGE:
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Title
Discussion and action on a Resolution authorizing the City Manager to execute a Chapter 380 Economic Development Agreement between the City of El Paso and CLOP El Paso TX LLC for the development of a 60,000 square foot data center facility at North Loop Drive and Via Maria Drive, 79927. The Agreement requires the Applicant to make a minimum investment of $40,000,000. Over the term of the Agreement, the City shall provide performance-based incentives not to exceed $1,522,012 in the form of a Property Tax Rebate, a Construction Materials Sales Tax Rebate, and a Development Fee Rebate.
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