Title
Discuss and consider action regarding a City of Pflugerville economic development agreement for Project Arista, a reimbursement and refund agreement between the City and PCDC for interim principal and interest payments for infrastructure related to Project Arista, and a performance agreement between the PCDC and Project Arista.
Summary
This item has been included on the agenda to allow for discussion and potential action on the topic.
Status
The economic development agreement between the City and the project remains in negotiation at this time. The reimbursement agreement between the City and the PCDC is also in negotiation at this time. The PCDC performance agreement for the project has been approved by the PCDC and requires the consent of the City Council for final approval. The performance agreement is attached.
Deadline for City Council Action
N/A
Fiscal Impact
To be determined.
Staff Recommendation
Discuss and consider action as appropriate.
Drafter
Trey Fletcher, Assistant City Manager