CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 7
Economic and International Development, Mirella Craigo, (915) 212-1617
Economic and International Development, Elizabeth Triggs, (915) 212-1619
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AGENDA LANGUAGE:
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Title
Discussion and action on a Resolution authorizing that the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between City of El Paso (“City”) and Champlain Cable Texas Corporation, a Wyoming Corporation; Champlain Cable Texas Lease Corporation, a Wyoming Corporation; and Champlain Cable Corporation, a Delaware Corporation; (jointly as “Applicant”) in support of a plant expansion project located at 9600 Pan American Boulevard, El Paso, Texas, 79927. The project includes the expansion of existing manufacturing operations. The Agreement requires the Applicant to make a minimum investment of $5,686,000. Over the term of the Agreement, the City shall provide economic incentives not to exceed $285,279.00 in the form of a Property Tax Rebate; a Development Fee Rebate; and a Construction Materials Sales Tax Rebate.
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