Authorize negotiation and execution of a Business Expansion Program economic development agreement with Base Power Company for a performance-based award to create 500 jobs for an amount not to exceed 52% of property taxes paid or $4,847,950 over a 10-year term, as well as a transfer of $932,298 to the Childcare Assistance Reserve Fund. Funding: Contingent upon approval of the Operating Budget of the Austin Economic Department’s Economic Incentive Reserve Fund Budget.
25-2698 · Consent · Passed