Discussion and action on Resolution to authorize the City Manager to sign a Chapter 380 Economic Development Program Agreement between CITY OF EL PASO and ELEUTERIA SANDRA HERING, in support of an infill development project located at 903 Park St. The Agreement requires the Applicant to make a minimum investment of $270,000.00, and in consideration, the City shall provide economic incentives up to

Staff Report & Agenda Item Details

Discussion and action on Resolution to authorize the City Manager to sign a Chapter 380 Economic Development Program Agreement between CITY OF EL PASO and ELEUTERIA SANDRA HERING, in support of an infill development project located at 903 Park St. The Agreement requires the Applicant to make a minimum investment of $270,000.00, and in consideration, the City shall provide economic incentives up to $15,988.24 in the form of Real Property Tax Rebate, Construction Materials Sales Tax Rebate, and Building Construction Fee Rebate.

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).