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
- no end date published in this record
- Type
- contract
- Field
- Construction
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