Title
Consider/Discuss/Act on a Resolution Approving an Amendment to the Agreement for Commercial-Industrial Tax Abatement with Wistron GreenTech (Texas) Corp.
Summary
MEETING DATE: February 19, 2013
DEPARTMENT: Administration
CONTACT: Jason Gray, City Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approve the Amendment to the Tax Abatement Agreement
ITEM SUMMARY:
- This resolution authorizes an amendment to existing tax abatement with Wistron GreenTech (Texas) Corp.
- The proposed tax abatement amendment agreement includes the following new terms:
"Section 3. Property Subject to Tax Abatement.
"This Tax Abatement Agreement is conditioned upon WGTX receiving a Certificate of Occupancy for the Office Area and a Temporary Certificate of Occupancy for the Warehouse Area on or before July 1, 2013."
BACKGROUND INFORMATION:
· Wistron GreenTech (Texas) Corp. is a company which supplies information and communication technology products and services to leading companies worldwide
FINANCIAL SUMMARY: N/A
BOARD AND COMMISSION RECOMMENDATION: N/A