City of Coppell, Texas - File #: 2013-1052

• File #: 2013-1052
• Version: 2
• Name: Nypro Resolution
• Type: Resolution
• Status: Passed
• File created: 5/6/2013
• In control: Administration
• On agenda: 5/14/2013
• Final action: 5/14/2013
• Title: Consider approval of a Resolution approving a Tax Abatement Agreement between the City of Coppell and Nypro, Inc., and authorizing the Mayor to sign.

Date	Ver.	Action By	Action	Result
5/14/2013	2	City Council	Approved	Pass

Title

Consider approval of a Resolution approving a Tax Abatement Agreement between the City of Coppell and Nypro, Inc., and authorizing the Mayor to sign.

Summary

City Council is scheduled to conduct a Public Hearing regarding the designation of Reinvestment Zone No. 82 on May 14, 2013.  Nypro, Inc. will be leasing approximately 30,000 square feet of office space at 1405 S. Belt Line Road.  The terms of this agreement will be a 5 year, 85% abatement on business personal property.  The Coppell Economic Development Committee unanimously recommended approval of this abatement request.  

Fiscal Impact:

Staff Recommendation:

Economic Development recommends approval.

Goal Icon:

Business Prosperity