24-1692
Discussion and action on a Resolution authorizing the City Manager to execute a Chapter 380 Economic Development Agreement between the City of El Paso and CLOP El Paso TX LLC for the development of a 60,000 square foot data center facility at North Loop Drive and Via Maria Drive, 79927. The Agreement requires the Applicant to make a minimum investment of $40,000,000. Over the term of the Agreement, the City shall provide performance-based incentives not to exceed $1,522,012 in the form of a Property Tax Rebate, a Construction Materials Sales Tax Rebate, and a Development Fee Rebate.
What this record is
- Amount
- $1.52M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Construction
construction contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Introduced
- December 2, 2024
- On agenda
- December 17, 2024
Where it was heard
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