Title
Discuss and consider action to adopt a resolution approving a Performance Agreement for economic development incentives between the Pflugerville Community Development Corporation (PCDC) and Live Oak LLC, aka Project Flack.
Summary
This item has been included on the agenda to allow for discussion and potential action on the subject. This project is to construct a warehouse and office facility in the City of Pflugerville to be leased to commercial or industrial tenants.
Status
The PCDC Board of Directors unanimously approved the agreement at their January 18, 2018 regular meeting.
Deadline for Action
There is no deadline for action on the item.
Fiscal Impact
PCDC Budget impact: $250,000. $125,000 to be paid no earlier than August 30, 2022. $125,000 to be paid no earlier than August 2023.
Staff Recommendation
Discuss and take action as appropriate. PCDC Board and Staff recommend approval.
Drafter
Amy Madison
Executive Director