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Consider A Resolution Authorizing The City Manager To Negotiate And Execute An Economic Development Incentive Agreement With AER Manufacturing, LP Establishing A Program Of Grants To The Company For Its Expansion At 3405 Wiley Post 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 Dollars $277,663.

Resolution Passed Introduced August 11, 2025

What this record is

Held by
AER Manufacturing, LP
Amount
$278K
Runs until
no end date published in this record
Type
contract

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

Committee
City Council
Introduced
August 11, 2025
On agenda
August 19, 2025
Passed
August 19, 2025
Enacted
August 19, 2025
Enactment no.
4984

Where it was heard

City Council Aug 19, 2025 approved Pass