Title
Consider approval of a Resolution approving a Tax Abatement Agreement by and among the City of Coppell and 1-800 CONTACTS, INC.; and authorizing the Mayor to sign.
Summary
A public hearing was held and an Ordinance was passed to create Reinvestment Zone No. 112 on May 25, 2021. 1-800-CONTACTS will lease approximately 31,400 square feet of office and warehouse space at 180 N. Freeport Parkway. This space will serve as a fulfillment center for the company. 1-800 CONTACTS will receive a 5-year abatement of 75% on their tangible personal property.
Fiscal Impact:
75% abatement on tangible personal property for a duration of 5 years.
Staff Recommendation:
Staff recommends approval.
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