Title
Consider approval of a Resolution approving a Tax Abatement Agreement between the City of Coppell and Naterra International, and authorizing the Mayor to sign.
Summary
City Council held a Public Hearing regarding the designation of Reinvestment Zone No. 110 on December 13, 2016. Naterra International has experienced tremendous growth is building a second building approximately 100,000 square feet in size. The Tax Abatement Agreement terms for this company will be a 10 year, 80% abatement, and it will be applied to the business personal property for Naterra International.
Fiscal Impact:
[Enter Fiscal Impact Statement Here]
Staff Recommendation:
Economic Development recommends approval.
Goal Icon:
Business Prosperity