Discussion and action on Resolution to authorize the City Manager to sign a Chapter 380 Economic Development Program Agreement between the City of El Paso and EAST FM SIERRA VISTA HOLDING CO. LLC, in support of an infill development project located at 8500 N. Gateway Blvd. The Agreement requires the Applicant to make a minimum investment of $4,921,544.00, and in consideration, the City shall provide economic incentives up to $210,293.02 in the form of Real Property Tax Rebate, Construction Materials Sales Tax Rebate, and Building Construction Fee Rebate.

Committee

City Council

Introduced

February 25, 2026

On agenda

March 17, 2026

Where it was heard

City Council Mar 17, 2026 Approve Pass