Title
Consider approval of a Resolution approving a Tax Abatement Agreement by and between the City of Coppell and Rochester Sensors, LLC; and authorizing the Mayor to sign.
Summary
A public hearing was held and an Ordinance was passed to create Reinvestment Zone No. 114 on October 11, 2022. Rochester Sensors will lease approximately 80,000 square feet of space at 1025 S. Belt Line Road. This space will serve as the global headquarters as well as a fulfillment center for the company. Rochester Sensors will receive a 5-year abatement of 75% on their tangible personal property.
Fiscal Impact:
75% abatement on business personal property for 5 years
Staff Recommendation:
Staff recommends approval.
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