24-1725
Discussion and action that the City Manager be authorized to execute a Chapter 380 Economic Development Agreement between the City of El Paso and National Center for Defense Manufacturing and Machining ("NCDMM") in support of the Applicant’s business operations located at 5 Butterfield Trail Blvd., Suites A and B, El Paso, Texas, 79906. The Agreement requires the Applicant to meet Full-Time Employment requirements and transition to and operate at the El Paso International Airport’s Advanced Manufacturing District once construction is completed. Over the term of the Agreement, the City shall provide economic incentives not to exceed $244,800 in the form of Lease Rental Cost assistance.
What this record is
- Amount
- $245K
- 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 5, 2024
- On agenda
- December 17, 2024
Where it was heard
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