Title
Consider approval of an Economic Development Agreement by and between the City of Coppell and Naterra International, Inc., and authorizing the Mayor to sign.
Summary
Executive Summary:
Naterra International, Inc. will be constructing and occupying a 300,000 square foot building to serve as their corporate headquarters and warehouse/distribution center. The building will be located at the southeast corner of Freeport Parkway and Wrangler Drive. This Economic Development Incentive Agreement grants a 75% waiver of building permit and roadway impact fees. It also grants a rebate up to $100,000 for any rollback taxes paid to the City of Coppell by Naterra International, Inc.
Fiscal Impact:
Staff Recommendation:
Economic Development recommends approval.
Goal Icon:
Business Prosperity