CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 3
Economic and International Development, Bill Allen, (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 sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between the City of El Paso (“City”) and Astroscale U.S. Inc., a Nevada corporation (“Applicant”), an advanced on-orbit servicing and logistics company proposing to establish operations in El Paso and create 16 full-time jobs, in consideration the City shall provide grant payments for Lease Rental Cost (via Texas Economic Development Fund) and a Skills Training Grant (via Impact Auxiliary Fund) in an amount not to exceed $22,300.00 over the term of the Agreement, subject to a five (5)- year period and annual compliance and performance verification in accordance with the terms of the Agreement.
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