Economic Development Program Agreement Sample Contracts

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT‌
Economic Development Program Agreement • June 14th, 2016 • Texas

The City and Grantee hereby agree that the following statements are true and correct and constitute the basis upon which the City and Grantee have entered into this Agreement:

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ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • March 26th, 2014 • Texas

entered into by and between the CITY OF KELLER, TEXAS (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and FEEDSTORE BBQ, or its assigns (the “Grantee”). The City and Grantee are collectively referred to as the “Parties”.

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • June 16th, 2009 • Texas

The City and Grantee hereby agree that the following statements are true and correct and constitute the basis upon which the City and Grantee have entered into this Agreement:

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • December 23rd, 2015 • Texas

entered into by and between the CITY OF KELLER, TEXAS (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and DRIVE NATION SPORTS, LLC, or its successors or assigns (the “Grantee”). The City and Grantee are collectively referred to as the “Parties”.

AMENDMENT #1
Economic Development Program Agreement • May 6th, 2022

This Amendment #1 to the Economic Development Program Agreement (Agreement) is made and entered into by and between the City of Keller, a Home Rule municipality of Tarrant County, Texas (City), and Albert “Trey” Grant III of The Well Church Keller (Grantee), together referenced herein as Parties to this Agreement.

SUBJECT: ECONOMIC DEVELOPMENT PROGRAM AGREEMENT WITH GALDERMA LABORATORIES, LP
Economic Development Program Agreement • August 10th, 2017

The City and Galderma Laboratories, LP (Developer) entered into an Economic Development Program Agreement (City Secretary Contract No. 48003) on July 19, 2016. Under this Agreement, in return for Developer's commitment to expand its operations in the city by constructing a new building on the Development Site (which is now addressed 14600 Heritage Parkway) of at least 100,000 square feet to house additional offices for the Developer’s business operations, including research and development, marketing, sales, and medical and regulatory affairs, the City agreed to pay the Developer certain economic development grants up to 50 percent of the incremental value of the real and business personal property received from the development, as authorized by Chapter 380 of the Texas Local Government Code.

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT BETWEEN THE CITY OF BRYANT AND THE BRYANT CHAMBER OF COMMERCE
Economic Development Program Agreement • December 24th, 2023 • Arkansas

This Agreement is made between the City of Bryant, Arkansas (“City”) and the Bryant Area Chamber of Commerce DBA Greater Bryant Chamber of Commerce, Arkansas (“Chamber”) pursuant to Act 685 of 2017 codified at Ark. Code Ann. Section 14-176-101, et. seq., establishing the process that cities must follow in order to fund economic development. This Agreement is for the purpose of providing for a program to promote economic development through the joint efforts of the parties hereto, who in consideration of the mutual promises, agree as follows:

This ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (“Agreement”) is
Economic Development Program Agreement • October 26th, 2011 • Texas

entered into by and between the CITY OF KELLER, TEXAS (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and PINPOINT EQUITIES, L.L.C., PINPOINT OMP LEGACY AT BEAR CREEK, LLC or its assigns (the

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • April 8th, 2022 • Texas

entered into by and between the CITY OF FORT WORTH (“City”), a home rule municipality organized under the laws of the State of Texas, and EVANS ROSEDALE, INC. (“Company”), a Delaware corporation.

Contract
Economic Development Program Agreement • July 27th, 2017

Under an Economic Development Program Agreement (Agreement) between the City and Wal- Mart Stores Texas, LLC and Wal-Mart Real Estate Business Trust (Wal-Mart) (City Secretary Contract No. 46623, as amended by City Secretary Contract No. 46623-A1), Wal-Mart is required to expend at least $13 million to complete a 182,000 square foot SuperCenter as well as road improvements to Park Vista Boulevard (Phase I). In addition, Wal-Mart is also required to expend at least $3 million to complete at least 12,000 square feet of commercial and/or retail shell space on the property (Phase II). In return, the City will pay Wal-Mart certain Economic Development Program grants, as authorized by Chapter 380, Texas Local Government Code.

Contract
Economic Development Program Agreement • January 3rd, 2012
ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • May 12th, 2016 • Texas

This Economic Development Program Agreement (“Agreement”) is entered into this 17th day of May, 2016, by and between the Williamson County, Texas, a Texas political subdivision, (“County”), and United Parcel Service, Inc., an Ohio corporation and BT-OH, LLC, an Ohio limited liability company (BT-OH, LLC and United Parcel Service, Inc. shall be referred to collectively herein as “UPS”).

Contract
Economic Development Program Agreement • January 19th, 2017

On March 4, 2014, (M&C C-26697) the City Council authorized execution of an Economic Development Program Agreement (Agreement) with Wal-Mart Stores, Texas, LLC (Wal-Mart) under which Wal-Mart was to construct a 182,000 square foot SuperCenter and complete road improvements to Park Vista Boulevard by June 30, 2016 (Phase I). In addition, Wal-Mart was to complete 20,000 square feet of commercial and/or retail shell space on the property by June 30, 2019 (Phase II). In return, the City agreed to pay Wal-Mart certain Economic Development Program grants, as authorized by Chapter 380, Texas Local Government Code.

Section   Economic Development Program Agreement Job Number - Engineering  
Economic Development Program Agreement • August 25th, 2015

This Agreement is made and entered into between the above local agency hereinafter referred to as “LA”, and the State of Illinois, acting by and through its Department of Transportation, hereinafter referred to as “STATE”. The STATE and LA jointly propose to improve the designated location as shown below.

Economic Development Program Agreement Sundance Square Central Plaza
Economic Development Program Agreement • May 1st, 2012

• Plaza flanking Main St. realizes crucial element of Downtown Strategic Action Plan and the Downtown Tax Increment Finance Project Plan

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • November 15th, 2012 • Texas

day of , 2012, by and between Williamson County, Texas (“County”), and Round Rock RE Holdings, LLC, a Texas limited liability company (“Hospital”).

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • May 5th, 2020 • Texas

This ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (“Agreement”) is made and entered into by and between the CITY OF FORT WORTH (“City”), a home rule municipal corporation organized under the laws of the State of Texas, and TARGET CORPORATION (“Target”), a Minnesota corporation.

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • July 2nd, 2014 • Texas
Contract
Economic Development Program Agreement • July 28th, 2016

On March 4, 2014, (M& C C-26697) the City Council authorized execution of an Economic Development Program Agreement (Agreement) with Wal-Mart Stores, Texas, LLC (Wal-Mart) under which Wal-Mart was to construct a 182,000 square foot SuperCenter and complete road improvements to Park Vista Boulevard by June 30, 2016 (Phase I). In addition, Wal-Mart was to complete 20,000 square feet of commercial and/or retail shell space on the property by June 30, 2019 (Phase II). In return, the City agreed to pay Wal-Mart certain Economic Development Program grants, as authorized by Chapter 380, Texas Local Government Code.

FIRST AMENDMENT TO THE ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • October 7th, 2013

This First Amendment to the Economic Development Program Agreement (this “Amendment”) is entered into by and between the City of Keller, Texas (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and Joe McCombs (“Grantee”).

DATE: 08/27/24 M&C FILE NUMBER: M&C 24-0732
Economic Development Program Agreement • September 4th, 2024

(CD 9) Amend Mayor and Council Communication 23-0857 Authorizing an Economic Development Program Agreement and Other Related Agreements with Goldenrod Services, LLC, or an Affiliate, for the Construction of Two Mixed-Use Developments Generally Located at the Northwest Corner of West Seventh Street and Foch Street and at the Northeast Corner of University Drive and Bledsoe Street, to Separate the Agreement into Two Different Agreements with Goldenrod Services, LLC or Affiliated Entities

Contract
Economic Development Program Agreement • January 5th, 2018

On July 31, 2007 (M&C C-22283) the City Council authorized the execution of an economic development program agreement (Agreement) (City Secretary Co. 36633, as amended) with Carlyle/Cypress West 7th LP (Developer) for the construction of a mixed−use project to be constructed in the vicinity of West 7th Street, Crockett Street, Norwood Street, and Foch Street. In return, the City agreed to pay Developer 15 annual economic development program grants in a maximum amount equal to 70% of the incremental real and business personal property taxes as well and 70% of the incremental sales taxes attributable to the project.

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CITY OF URBANA, ILLINOIS DEPARTMENT OF PUBLIC WORKS‌‌
Economic Development Program Agreement • January 25th, 2014

Frasca International, Inc. (Frasca), an international manufacturer and distributor of flight simulators, is planning a major facility expansion of their corporate manufacturing facility located on Airport Road west of US Route 45 in north Urbana. Frasca has a long and successful history in the industry and their simulators are utilized throughout the world and their continued growth and success will contribute to the economic stability of the City of Urbana. The major facility expansion is expected to create 20-25 temporary construction jobs as well as 40 permanent new employment opportunities.

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • December 15th, 2016 • Texas

day of December, 2016 (the "Effective Date"), by and among Williamson County, Texas, a Texas political subdivision, (the "County"), and KR Acquisitions, LLC, a Delaware limited liability Developer (the "Developer"). The County and the Developer are, collectively, the "Parties" to this Agreement.

Proposed Economic Development Program Agreement with Linear Labs
Economic Development Program Agreement • June 2nd, 2020

• A nationally-competitive program that underscore’s Fort Worth’s priorities and willingness to compete on the national stage

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • May 13th, 2020 • Texas

entered into by and between the CITY OF KELLER, TEXAS (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and THE HARMONSON, LLC, or its assigns (the “Grantee”). The City and Grantee are collectively referred to as the “Parties”.

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • April 1st, 2021 • Texas

The City and Grantee hereby agree that the following statements are true and correct and constitute the basis upon which the City and Grantee have entered into this Agreement:

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • April 12th, 2013 • Texas

entered into by and between the CITY OF KELLER, TEXAS (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and P&S REAL ESTATE INVESTMENTS I, LLC, or its assigns (the “Grantee”). The City and Grantee are collectively referred to as the “Parties”.

Economic Development Program Agreement KXAS/NBC 5
Economic Development Program Agreement • September 9th, 2011

• Agreement would abate/refund 85% of real and personal property taxes for 25 years for the retention of KXAS/NBC 5 in Fort Worth and the consolidation of studio operations

SERVICE AGREEMENT
Economic Development Program Agreement • June 18th, 2020 • Texas

This Economic Development Program Agreement (the "Agreement") is entered into by and between the COUNTY OF HIDALGO, TEXAS, hereinafter referred to as the ("COUNTY"), a political subdivision of the State of Texas, and VALLEY INITIATIVE FOR DEVELOPMENT AND ADVANCEMENT (“VIDA”), a Texas non­profit corporation, and hereinafter referred to as the ("CONTRACTOR"), herein after referred to collectively as the ("Parties").

ECONOMIC DEVELOPMENT PROGRAM AGREEMENT BETWEEN THE CITY OF BUDA 4B CORPORATION AND THE BUDA AREA CHAMBER OF COMMERCE
Economic Development Program Agreement • September 8th, 2023 • Texas

This Economic Development Program Agreement (“Agreement”) is made is by and between the City of Buda 4B Corporation (“BEDC” or “Buda Econcomic Development Corporation”), a Type B corporation created pursuant to the authority of the Development Corporation Act of 1979, as amended and the Buda Area Chamber of Commerce, ("Chamber"), a private Texas not-profit corporation and is made and entered into effective as of the last date signed by the parties hereto (the “Effective Date”) (“Effective Date”). The BEDC and the Chamber may be referred to individually herein as a “Party” and collectively as the “Parties.”

AMENDMENT NO. 2 TO CITY SECRETARY CONTRACT NO. 29095 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT WITH PIER 1 SERVICES COMPANY
Economic Development Program Agreement • May 5th, 2020

This AMENDMENT NO. 2 TO CITY SECRETARY CONTRACT NO. 29095 (“Amendment”) is made and entered into by and between the CITY OF FORT WORTH (the “City”), a home rule municipality organized under the laws of the State of Texas, and PIER 1 SERVICES COMPANY (“Pier 1”), a Delaware statutory trust and the successor to Pier – FTW, Inc.

This ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (“Agreement”) is
Economic Development Program Agreement • October 26th, 2011 • Texas

entered into by and between the CITY OF KELLER, TEXAS (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and PINPOINT EQUITIES, L.L.C., or its assigns (the “Grantee”). The City and Grantee are collectively referred to as the “Parties”.

FIRST AMENDMENT TO THE ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
Economic Development Program Agreement • January 13th, 2014

This First Amendment to the Economic Development Program Agreement (this “Amendment”) is entered into by and between the City of Keller, Texas (the “City”), a home rule municipal corporation organized under the laws of the State of Texas, and Compass Medical Inc. (“Grantee”).

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