2024-R-240
A Resolution of the City Council of the City of Laredo, Texas approving a Chapter 380 Agreement between the City of Laredo and PLM Steel, LLC./AKA Prolamsa., pursuant to an economic development incentive under Chapter 380 of the Texas Local Government Code and authorizing the City Manager to execute all relevant documents, and any other matters incident thereto; providing for severability; providing for an effective date; and providing for publication. The 5 year agreement obligates Project PLM to invest an aggregate estimated amount of $100,000,000.00 and create at least 60 new permanent jobs. Rebates will be based on performance.
- Committee
- City Council
- Requested by
- Economic Development
- Introduced
- July 16, 2024
- On agenda
- August 5, 2024
- Passed
- August 5, 2024
Where it was heard
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