Item 26: Economic Development Incentive Agreement with 320 Barnes 2020, L.P.

[COSM_Admin]

Consider approval of Resolution 2021-88R, approving a Chapter 380 Economic
Development Incentive Agreement with 320 Barnes 2020, L.P., a Texas Limited
Partnership, providing incentives in the form of refunds of a percentage of real property
taxes over three years for the development of approximately 135,000 square feet of space
for lease to light manufacturing, office, warehouse, showroom, and research &
development users at 320 Barnes Drive; authorizing the City Manager, or his designee, to
execute said agreement; and declaring an effective date.

 

[JHughson]

Can we ask that these buildings be built to the commercial construction code that the state took away from us last legislative session? Apologies for not asking this sooner.

 

[COSM_Admin]

Response provided by Joe Pantalion:
While this can be incorporated into future changes to our economic development policy, asking or requiring the buildings to be built to something other than our current building code standards is not recommended for projects in process.