The City of Coppell
File #: 2018-4290    Version: 1 Name: GS 777 Freeport Parkway, LLC - Chapter 380 Rebate
Type: Agenda Item Status: Passed
File created: 11/19/2018 In control: City Council
On agenda: 12/11/2018 Final action: 12/11/2018
Title: Consider approval of an Economic Development Agreement by and between the City of Coppell and GS 777 Freeport Parkway, LLC, and authorizing the Mayor to sign.
Attachments: 1. GS 777 Freeport Parkway LLC Tax Abatement - MEMO.pdf, 2. GS 777 Freeport Parkway Chapter 380 Rebate - Agreement.pdf

Title

Consider approval of an Economic Development Agreement by and between the City of Coppell and GS 777 Freeport Parkway, LLC, and authorizing the Mayor to sign.

 

Summary

Executive Summary:

GS 777 Freeport Parkway, LLC is a wholesale grocer currently located in Coppell.  They will be expanding their current footprint, and this agreement grants a  5-Year, 50% rebate of tangible personal property above the value of the base year.

 

Fiscal Impact:

 

Staff Recommendation:

Community Development recommends approval.

 

Goal Icon:

 

Business Prosperity