Title
Authorize the City Manager to finalize and execute a concurrence letter expressing the City of Mesquite’s support for Accton Manufacturing and Service Inc.’s request for designation of its facility located at 2947 Executive Boulevard, Mesquite, Texas 75149, as a Foreign-Trade Zone site under Foreign-Trade Zone No. 39, administered by Dallas Fort Worth International Airport.
Body
Foreign-Trade Zones are a federal development program administered by the Foreign-Trade Zones Board within the U.S. Department of Commerce and regulated by U.S. Customs and Border Protection. The program provides certain customs and trade benefits to enhance the competitiveness of U.S. businesses.
The applicant, Accton Manufacturing and Service Inc., part of the Accton Group, recently established manufacturing and technical support operations at 2947 Executive Boulevard in Mesquite.
Under federal law, 19 U.S.C. § 81o(e), qualifying tangible personal property held in an activated Foreign-Trade Zone may be exempt from state and local ad valorem taxation. The estimated annual impact on City property tax revenue is approximately $490.00. Accton’s real property, building improvements, and other taxable property will remain subject to applicable property taxes.
Recommended/Desired Action
Staff recommends the City Manager be authorized to finalize and execute a concurrence letter expressing the City's support for Accton Manufacturing and Service Inc.'s request for designation of its facility at 2947 Executive Boulevard as a Foreign-Trade Zone site under FTZ No. 39.
Attachment(s)
Accton Foreign Trade Zone Support Letter
Drafter
Alberto Rivera
Head of Department
Kim Buttram