Title
A resolution consenting to the assignment and assumption agreement by and between Canadian Solar US Module Manufacturing Corporation, a Delaware corporation (“Assignor”), and Mesquite Modules Corporation, a Delaware corporation (“Assignee”), of Assignor’s interest in that certain Chapter 380 Economic Development Program Agreement by and between the City of Mesquite, Texas, effective July 11, 2023, and First Amendment to Economic Development Program Agreement, effective December 16, 2025, and Second Amendment Letter Agreement to Economic Development Program Agreement, dated July 21, 2026, for the development of 3000 Skyline Dr. and 2800 Skyline Dr., Mesquite, Texas, and authorizing the City Manager to finalize and execute the assignment and assumption agreement and administer it on behalf of the city.
Body
Canadian Solar US Module Manufacturing Corporation notified the City of the intent to rename the Mesquite facility Mesquite Modules, with a request of the City to approve the assignment of the existing agreements, including obligations, terms, and conditions, to Mesquite Modules Corporation.
Without any changes to the business terms and obligations outlined in the original agreement, first amendment, and letter, the proposed assignment would transfer the agreements to be between the City of Mesquite and Mesquite Modules Corporation, upon approval and execution.
The agreements provide for 10-year Real Property Tax Rebates of twenty-five percent and Business Personal Property Tax Rebates of seventy-five percent annually for valuation associated with 3000 Skyline Dr. and 2800 Skyline Dr. through a term ending 2034, and outline the obligations of the company, including a minimum of 1,400 full-time equivalent employees earning minimum annual wage $50,120.00, which will continue through the term ending 2034.
Recommended/Desired Action
Staff recommends approval of the resolution.
Attachment(s)
Resolution
Drafter
Kim Buttram
Head of Department
Kim Buttram