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Conduct a public hearing and consider a resolution approving the terms and conditions of a program to promote local economic development and stimulate business and commercial activity in the City, authorizing the City Manager to finalize and execute an Economic Development Program Agreement (Chapter 380 Agreement) with Greenliner, LLC, for the lease and occupation of the industrial park facility located at 2700 East Scyene Road, Mesquite, Texas, and authorizing the City Manager to take such actions and execute such documents as are necessary or advisable to consummate the transactions contemplated by the agreement and administer the agreement on behalf of the City.
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Greenliner, LLC, proposes to lease and occupy a newly constructed facility (Alcott Station Building B) which is owned by BDPF Alcott Logistics, LP, the landlord. The approximately 325,000-square-foot building sits on an approximately 17.37-acre tract in the Alcott Logistics Station development on the east side of Mesquite near the Mesquite Metro Airport. The building and tract are located within Alcott Logistics Station Tax Increment Reinvestment Zone No. 14.
Greenliner, LLC, produces recycled rubber automotive products and is part of Vehicle Accessories Group, an after-market automotive accessory manufacturer located at 2800 East Scyene Road, Mesquite, Texas. Vehicle Accessory Group employs 315+ workers, and their corporate headquarters is on site. The investor group involved with both companies also brought Coleman Powersports to Mesquite in 2023.
The pending Chapter 380 Agreement requires the company to make a capital investment into Business Personal Property (BPP) of at least $5 million, lease 100 percent of the facility for a minimum of ten years, and begin operations by June 30, 2024, to qualify for a 50 percent rebate of BPP property taxes paid to the City for 10 years.
The City Council authorized staff to proceed with the project in Executive Session on March 18, 2024.
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