Round Rock Texas Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 2019-0386   
Type: Resolution Status: Approved
File created: 9/12/2019 In control: City Council
On agenda: 9/26/2019 Final action: 9/26/2019
Title: Consider a resolution authorizing the Mayor to execute a Chapter 380 Economic Development Program Agreement with Phlur, Inc.
Attachments: 1. Resolution, 2. Exhibit A, 3. Form 1295

Title

Consider a resolution authorizing the Mayor to execute a Chapter 380 Economic Development Program Agreement with Phlur, Inc.

 

Body

This agenda item is to consider an Economic Development Program Agreement between the City of Round Rock, Texas, and Phlur, Inc.

 

The Agreement requires Phlur, Inc. to lease a facility in the City, expend at least $2,000,000 in improvements to the Facility, invest at least $650,000 in business personal property, and create at least 35 new jobs within 5 years.