Title
Approving a resolution ratifying the City Manager's cancellation of the 380 economic development agreement between the City of Pflugerville and Pflugerville Crossing, L.P. for Project Sunshine.
Summary
The City Council approved an economic development agreement with Pflugerville Crossing, L.P. for the project known as "Project Sunshine" on January 28, 2015. Pflugerville Crossing, L.P. failed to perform its obligations under the agreement. The City Manager provided a notice of intent to terminate the agreement on September 9, 2015 and notice of termination on January 19, 2016. These letters are attached as well as the economic development agreement.
This resolution has been reviewed and approved as to form by the City Attorney.
Deadline for City Council Action
Action is requested on March 22, 2016.
Projected Future City Council Action
None.
Fiscal Impact
None.
Staff Recommendation
Approve the resolution.
Drafter
Brandon Wade
City Manager