CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 8
Economic and International Development, Robert A. Read, (915) 979-7889
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AGENDA LANGUAGE:
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Title
Discussion and action on a Resolution 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 Parradame Family Partnership LP (“Applicant”) in support of the rehabilitation of a 100-year-old mixed-use building located in Downtown El Paso. The Agreement requires the applicant to make a minimum investment of $481,000. Over the term of the Agreement the City will provide performance-based incentives in an aggregate amount not to exceed $47,665.
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