CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:
Please choose District and Department from drop down menu. Please post exactly as example below.
No Title’s, No emails. Please use ARIAL 10 Font.
Details
District 6
Economic and International Development, Karina Brasgalla, (915) 212-0094
End
AGENDA LANGUAGE:
This is the language that will be posted to the agenda. Please use ARIAL 11 Font.
Title
Discussion and Action on a Resolution authorizing the City Manager or designee to sign a Texas Economic Development ("TED") Incentive Program Fund Agreement by and between the City of El Paso and Rancho Del Rey IC, LLC, in support of the Rancho Del Rey Logistics Park. The five-year Agreement provides $2,325,000 in TED Fund grants, tied to development performance metrics. The Agreement meets the requirements of the Texas Economic Development (TED) Program Policy, supports the trade and logistics sectors, and demonstrates a sufficient net positive impact to El Paso Electric's ("EPE") Texas Service Area.
End