6727
Consider A Resolution Repealing And Replacing Resolution No. 4787 And Authorizing The City Manager To Negotiate And Execute An Economic Development Incentive Agreement With DuraPlas LC To Change The Date Of Commencement Of Improvements To Real Property At 2395 Midway Road As Such Date Was Established By Resolution No. 4787 And To Change The Name Of The Company On The Agreement From DuraPlas, Inc. To DuraPlas LC, And Further Establishing A Program Of Tax Rebate Grants To The Company For The Relocation Of Its Headquarters And Manufacturing Operations To 2395 Midway Road, In Amounts Equal To Fifty Percent (50%) Of Taxes Paid To The City On The Assessed New Value Of Business Personal Property For A Maximum Term Of Three (3) Years, And A Second Grant In Amounts Equal To Fifty Percent (50%) Of Taxes Paid To The City On The Assessed New Value Of Business Personal Property And Real Property For A Maximum Term Of Three (3) Years After Issuance Of A Certificate Of Occupancy On A New Building To Be Constructed, For A Total Incentive Amount Not To Exceed $481,284.00.
- Committee
- City Council
- Introduced
- June 18, 2024
- On agenda
- June 25, 2024
- Passed
- June 25, 2024
- Enacted
- June 25, 2024
- Enactment no.
- 4852
Where it was heard
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