24-384
Discussion and action on a Resolution authorizing the City Manager to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between CITY OF EL PASO (“City”) and EATON Corporation, an Ohio Corporation (“Applicant”) in support of a development project located at 1 Helen of Troy Dr., El Paso, TX 79912. The project includes the construction or renovation of a development located on the Applicant’s real property. The Development is described in Exhibit B of the agreement, which is attached and incorporated for all purposes. The Agreement requires the Applicant to make a minimum investment of $70,000,000. Over the term of the Agreement, the City shall provide economic incentives not to exceed $3,391,000 in the form of a Property Tax Rebate; a Development Fee Rebate; a Construction Materials Sales Tax Rebate; and Skills Training Grant.
What this record is
- Held by
- EATON Corporation 6 records across this site
- Amount
- $3.39M
- 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.
EATON Corporation also holds
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- City Council
- Introduced
- March 6, 2024
- On agenda
- March 26, 2024