...Title
Public Hearing regarding two proposed projects of the PCDC: Helios Way Extensionin the One Thirty Business Park, for improvement and obtaining driveway access to TxDOT SH130; and financial incentives for a co-workspace enterprise in Class A office space.
...Summary
The Pflugerville Community Development Corporation (“PCDC”) intends to expend a portion of sales tax funds to pay costs of certain economic development projects or to pay the principal of, interest on, and other costs relating to bonds or other obligations issued by PCDC for the costs of such projects. The Pflugerville Community Development Corporation (PCDC) hereby gives notice, pursuant to the Texas Local Government Code, Sec.
505.159 and Sec. 505.160, which the Corporation has adopted and designated as projects of the Corporation, the following: 1). Helios Way Extension in the One Business Park for improvements and obtaining driveway access to the Texas Department of Transportation SH130 access road including costs associated with acquiring property, right of way and easements, costs associated with design and construction, operation and maintenance, landscaping, drainage, associated utilities, and infrastructure. 2.) Financial incentives, as authorized in a performance agreement, for a co-workspace enterprise in Class A office space that promotes workforce training and development and local entrepreneurship to foster primary job creation and economic growth capital investment in the City that will create and maintain primary jobs and entrepreneurial advancement in the City; and invest as much as $2MM in business facilities and equipment over a six-year term.
Prior Action
Projects require public notice and a public hearing sixty days prior to expensing funds for an approved project.
Legal Review Required: _X___Yes ____No
Date reviewed: April 25, 2024