Discussion and Action on a Resolution authorizing the City Manager or designee to sign a Texas Economic Development ("TED") Incentive Program Fund Agreement by and between the City of El Paso and Rancho Del Rey IC, LLC, in support of the Rancho Del Rey Logistics Park. The five-year Agreement provides $2,325,000 in TED Fund grants, tied to development performance metrics. The Agreement meets the requirements of the Texas Economic Development (TED) Program Policy, supports the trade and logistics sectors, and demonstrates a sufficient net positive impact to El Paso Electric's ("EPE") Texas Service Area.

Other Business Agenda Ready Introduced December 2, 2025

What this record is

Held by: El Paso and Rancho Del Rey IC, LLC
Amount: $2.33M
Runs until: December 2, 2030 4 years away calculated from the contract term stated in the record
Type: contract
Field: Utilities & energy

Read automatically from the title of the official record. The source document below is authoritative.