Title
Consider/Discuss/Act on a Resolution Approving Encore Wire Corporation for Enterprise Project Status
Summary
MEETING DATE: November 18, 2014
DEPARTMENT: City Manager
CONTACT: Tom Muehlenbeck, Interim City Manager
Jim Wehmeier, MEDC President
RECOMMENDED CITY COUNCIL ACTION:
· Approve the nomination of Encore Wire Corporation for Enterprise Project status and make the local incentives identified and summarized in the Resolution available to Encore Wire Corporation.
ITEM SUMMARY:
- This resolution nominates Encore Wire Corporation for Enterprise Project status.
- This resolution authorizes the Interim City Manager or his designee as the City's liaison to communicate and negotiate with the OOGEDT in all manners as set forth in the Resolution.
BACKGROUND INFORMATION:
· Ordinance No. 2010-05-014 authorizes the City to participate in the Texas Enterprise Zone Program. Encore Wire Corporation meets all criteria required for Enterprise Project status.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A