Title
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 a Master Development Agreement and Chapter 380 Agreement between the City of Mesquite, Texas, and Alcott Logistics Partners, LP, and Alcott Logistics Station Tract D, LP, regarding the sale of a portion and options to purchase the remaining portions for development of approximately 75.01 acres of City-owned land generally located south of East Scyene Road and west of Faithon P. Lucas, Sr., Boulevard in the City and the granting of certain economic development incentives, said development to be a Master Planned Industrial Development with common amenities, design standards, and consistent with the operation of a Class A Industrial Business Park to be known as "Alcott Logistics Station"; 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; authorizing the City Manager to administer the agreement on behalf of the City; and providing a severability clause.
Body
On August 17, 2020, City staff briefed the City Council on a proposed development by Urban Logistics Realty (ULR), the same group that is constructing the five-building, one-million square-foot Urban District 30 development at IH-30 and Republic Parkway. This new proposal by ULR will include the abandonment of 2,500 linear feet of East Glen Boulevard right-of-way and a new alignment of East Glen Boulevard connecting to Scyene Road to allow the private construction of six Class A industrial buildings totaling 2.5 million square feet that would add approximately $125 million in taxable value on 75 acres of City-owned property and another 79 acres of private property located between Clay Mathis and F.P. Lucas, Sr. Boulevard. ULR would build three...
Click here for full text