Title
Consider approval of a Resolution approving a Tax Abatement Agreement between the City of Coppell and Varidesk, LLC, and authorizing the Mayor to sign.
Summary
City Council held a Public Hearing regarding the designation of Reinvestment Zone No. 111 on December 8, 2020. Varidesk, LLC produces flexible workspace solutions and office furniture. They will purchase land at the NEC of Freeport Parkway and S.H. 121 for their new Corporate Headquarters. The Tax Abatement Agreement terms for this company will be a 10 year, 90% abatement, and it will be applied to the real and business personal property for Varidesk, LLC.
Fiscal Impact:
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Staff Recommendation:
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