Discussion and action on a Resolution authorizing the City Manager to execute a First Amendment to that certain Chapter 380 Economic Development Program Agreement (“Agreement”) executed March 26, 2024 by and between the City of El Paso (“City”) and the Eaton Corporation, an Ohio Corporation (“Applicant”), to revise the Grant amount, Minimum Appraisal Value, and Property Tax Rebate amount to reflec

Staff Report & Agenda Item Details

Discussion and action on a Resolution authorizing the City Manager to execute a First Amendment to that certain Chapter 380 Economic Development Program Agreement (“Agreement”) executed March 26, 2024 by and between the City of El Paso (“City”) and the Eaton Corporation, an Ohio Corporation (“Applicant”), to revise the Grant amount, Minimum Appraisal Value, and Property Tax Rebate amount to reflect the updated 2025 Tax Year Valuation.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).