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Consider A Resolution Authorizing The City Manager To Negotiate And Execute An Economic Development Incentive Agreement With Pennymac Loan Services, LLC, Establishing A Program Of Grants To The Company For Its Relocation And The Creation Of Jobs At 5025 Plano Parkway To Promote Local Economic Development And Stimulate Business And Commercial Activity Within The City For A Job Creation Grant Amount Not To Exceed $1,800,000.

Resolution Passed Introduced September 11, 2025

What this record is

Held by
Pennymac Loan Services, LLC
Amount
$1.80M
Runs until
September 11, 2027 329 days — goes back out to bid date calculated from a contract term stated in the attached agreement, 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
September 11, 2025
On agenda
September 23, 2025
Passed
September 23, 2025
Enacted
September 23, 2025
Enactment no.
4991

Where it was heard

City Council Sep 23, 2025 approved Pass

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