Title
Approving an Economic Development Performance Agreement (EDPA) between Pflugerville Community Development Corporation (PCDC) and Amazon.com Services LLC (Project Charm), a logistics and distribution company, not to exceed $3.8M, for off-site road infrastructure improvements, and for the purpose of creating capital investment and primary jobs.
Summary
PCDC staff and Board previously reviewed the EDPA, and a final version that has been executed by Project Charm. This agreement will be under consideration during the Special Called Meeting of the PCDC on July 14, 2020 at 6pm. PCDC staff updated City Council on Project Charm during two previous Executive Sessions, and will provide further update during City Council Workshop Executive Session at 5 pm July 14, 2020.
Prior City Council Action
Related to the development of this project, following actions of the Planning and Zoning Commission conducted a public hearing (December 2, 2019) and unanimously recommended approval of the Planned Unit Development (PUD) zoning district, the City Council held a public hearing on January 14, 2020. The City Council then approved the ordinance on first reading with a vote of 6-0 on the same evening.
The City Council approved the second final reading of the ordinance on January 28, 2020.
Deadline for City Council Action
July 14, 2020
Funding Expected: Revenue __ Expenditure __ N/A _x_
Budgeted Item: Yes __ No __ N/A _x_
Amount: There is no impact to the City's budget as a result of approving this Agreement. PCDC will budget the obligations of the Economic Development Performance Agreement (EDPA) over two (2) fiscal years - FY21 and FY22, and capped at $2MM in any given year. There is no fiscal impact to the PCDC's FY 20 budget.
1295 Form Required? Yes __ No _x_
Legal Review Required: N/A _x_ Required __ Date Completed: ___________
Supporting documents attached:
None
Recommended Action
PCDC Staff recommends approval by the PCDC Board during their Special Calle...
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