CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 8
Economic and International Development, Jessica Torres, (915) 212-1699
Economic and International Development, Karina Brasgalla, (915) 212-0094
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AGENDA LANGUAGE:
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Title
A Resolution authorizing the City Manager to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between CITY OF EL PASO (“City”) and 914 W YANDELL DR, LLC (“Applicant”) in support of an infill development project located at 914 W. Yandell Dr., El Paso, Texas 79902. The Agreement requires the Applicant to make a minimum investment of $638,000.00. Over the term of the Agreement, the City shall provide economic incentives not to exceed $28,212.88 in the form of a Real Property Tax Rebate, a Construction Materials Sales Tax Rebate, and a Building Construction Fee Rebate.
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