Conduct a public hearing and consider a resolution approving the terms and conditions of a program to promote local economic development and stimulate business and commercial activity in the City, affirming termination of a prior Economic Development Program Agreement (Chapter 380 Agreement) with LF Gateway LP (“Company”) for development of the property located at 3201 East Cartwright Road in the City of Mesquite, Texas (“Property”) and waiving a $100,000.00 payment owed to the City by the Company, authorizing the City Manager to finalize and execute a new Economic Development Program Agreement (Chapter 380 Agreement) with the Company, regarding development of the Property, and authorizing the City Manager to finalize, execute and administer the new Chapter 380 Agreement on behalf of the City.

Committee

City Council

Introduced

February 28, 2025

On agenda

April 7, 2025

Passed

April 7, 2025

Where it was heard

City Council Apr 7, 2025 Approved Pass