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7195

Consider A Resolution Authorizing The City Manager To Negotiate And Execute An Economic Development Incentive Agreement With Reynolds Presto Products Inc., Establishing A Program Of Grants To The Company For Its Expansion At 2625 E. Beltline Road, In Amounts Equal To Fifty Percent (50%) Of Taxes Paid To The City On The Assessed New Value Of Real Property And Business And Personal Property For A Maximum Term Of Five (5) Years, For A Total Incentive Amount Not To Exceed $342,710.

Resolution Passed Introduced July 14, 2025

What this record is

Held by
Reynolds Presto Products Inc
Amount
$343K
Runs until
July 14, 2030 4 years away date calculated from a contract term stated in the record, not quoted directly
Type
contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee
City Council
Introduced
July 14, 2025
On agenda
July 22, 2025
Passed
July 22, 2025
Enacted
July 22, 2025
Enactment no.
4973

Where it was heard

City Council Jul 22, 2025 approved Pass

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