Discussion and action on a Resolution authorizing the City Manager to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between the City of El Paso (“City”) and Astroscale U.S. Inc., a Nevada corporation (“Applicant”), an advanced on-orbit servicing and logistics company proposing to establish operations in El Paso and create 16 full-time jobs, in consideration the City shall provide grant payments for Lease Rental Cost (via Texas Economic Development Fund) and a Skills Training Grant (via Impact Auxiliary Fund) in an amount not to exceed $22,300.00 over the term of the Agreement, subject to a five (5)- year period and annual compliance and performance verification in accordance with the terms of the Agreement.

What this record is

Amount

$22K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Real estate

real estate 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

Requested by

Economic and International Development

Introduced

March 19, 2026

On agenda

April 1, 2026

Where it was heard

City Council Apr 1, 2026

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