Title
Consider approval of an Economic Development Incentive Agreement by and between the City of Coppell and McKesson Medical-Surgical, Inc., and authorizing the Mayor to sign.
Summary
Executive Summary:
McKesson Medical-Surgical, Inc. is a medical sales company with a branch facility currently located in Coppell. McKesson has occupied approximately 241,000 square feet at 4250 Patriot Drive for the past 12 years. They will be expanding their current space to lease an additional 249,000 square feet, for a total lease space of 490,000 square feet. This Economic Development Incentive Agreement grants a 10-year, 75% rebate on the increased FF&E value and taxable inventory value.
Fiscal Impact:
Staff Recommendation:
Community Development recommends approval.
Goal Icon:
Business Prosperity