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A. Receive nominations and elect a Chair to the Economic Development Partnership Board.
B. Receive nominations and elect a Vice-Chair to the Economic Development Partnership Board.
C. Consider approval of the meeting minutes for April 9, 2025.
D. Consider making a recommendation to City Council for approval of an incentive agreement for US Cold Storage, LP for a 60% property tax rebate for eight years and 75% sales tax rebate for the construction and equipping of the expanded facility under Chapter 380 of the Local Government Code; for an amount not to exceed $1,067,871.
E. Consider making a recommendation to City Council for approval of an incentive agreement for Mayday Manufacturing Co. for a 60% property tax rebate for ten years and an expansion grant under Chapter 380 of the Local Government Code; for an amount not to exceed $577,944.
A. Staff Reports: 1. Stoke Update - Heather Gregory 2. DEDC Update - Rick Woolfolk 3. Director Report - Brittany Sotelo 4. Economic Trends Report - Matilda Weeden 5. Future Agenda Items - Brittany Sotelo
May 14, 2025 Economic Development Partnership Board on 2025-05-14 11:00 AM
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Full agenda
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A. Receive nominations and elect a Chair to the Economic Development Partnership Board.
B. Receive nominations and elect a Vice-Chair to the Economic Development Partnership Board.
C. Consider approval of the meeting minutes for April 9, 2025.
D. Consider making a recommendation to City Council for approval of an incentive agreement for US Cold Storage, LP for a 60% property tax rebate for eight years and 75% sales tax rebate for the construction and equipping of the expanded facility under Chapter 380 of the Local Government Code; for an amount not to exceed $1,067,871.
E. Consider making a recommendation to City Council for approval of an incentive agreement for Mayday Manufacturing Co. for a 60% property tax rebate for ten years and an expansion grant under Chapter 380 of the Local Government Code; for an amount not to exceed $577,944.
A. Staff Reports: 1. Stoke Update - Heather Gregory 2. DEDC Update - Rick Woolfolk 3. Director Report - Brittany Sotelo 4. Economic Trends Report - Matilda Weeden 5. Future Agenda Items - Brittany Sotelo
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