CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 4
Economic and International Development, Karina Brasgalla, (915) 212-1570
Economic and International Development, Elizabeth Triggs, (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 Wurldwide LLC, (“Company”) in support of a project located north of Stan Roberts Sr. Ave. and west of US Highway 54, El Paso, Texas 79934. The Agreement requires the Company to invest a minimum on $800,000,000.00, provide at least 50 full-time jobs, design and construct improvements to Stan Roberts Sr. Avenue. Over the term of the Agreement, the City shall provide economic incentives in the form of an 80% Real Property Tax Rebate.
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