The City of Coppell
File #: 2017-3686    Version: 1 Name: Prologis Park 121 - Amendment to Tax Abatement Agreements 2017 - Resolution
Type: Resolution Status: Passed
File created: 12/4/2017 In control: City Council
On agenda: 12/12/2017 Final action: 12/12/2017
Title: Consider approval a Resolution approving Amended and Restated Tax Abatement Agreement between the City of Coppell and Prologis, L.P., and authorizing the Mayor to sign.
Attachments: 1. Prologis Amended and Restated Tax Abatement Building 6 - Memo.pdf, 2. Prologis Amended and Restated Tax Abatement for Bldg 6 - Resolution.pdf, 3. Prologis Amended and Restated Tax Abatement for Bldg 6 - Agreement.pdf

Title

Consider approval a Resolution approving Amended and Restated Tax Abatement Agreement between the City of Coppell and Prologis, L.P., and authorizing the Mayor to sign.

Summary

City Council approved five Tax Abatement Agreements for Prologis in 2014.  Since that time, Prologis has revised their building plans to change the number and size of buildings that will be constructed.  This agreement revises one of the original agreements to adjust the size of one of the buildings that was previously approved.

 

Fiscal Impact:

[Enter Fiscal Impact Statement Here]

 

Staff Recommendation:

Staff recommends approval.

 

Goal Icon:

 

 

Business Prosperity