Title
Ordinance - Public Hearing on an Ordinance of the City Council of the City of Mansfield, Texas, Designating a Certain Area as a Tax Abatement Reinvestment Zone For Commercial-Industrial Tax Abatement Within the City of Mansfield, Texas; Establishing the Boundaries Thereof and Other Matters Related Thereto; Providing a Severability Clause; and Providing for an Immediate Effective Date
Requested Action
Consider an Ordinance to create a Reinvestment Zone to grant a tax abatement for Crystal Window and Door Systems, LLC, an international door and window manufacturing company considering building a new manufacturing facility and regional headquarters in Mansfield.
Recommendation
Approve the ordinance to create the reinvestment zone.
Description/History
Staff has been working with Crystal Window and Door Systems, a large international manufacturer of window and door products, considering building a new manufacturing and regional headquarter facility in Mansfield. A tax abatement is one of the incentives the City has offered in order to bring this company to Mansfield. A tax abatement requires the establishment of a reinvestment zone by ordinance.This is the only required reading of the ordinance establishing the boundaries of the reinvestment zone, a 44 acre tract of land generally located west of U.S. 287, south of and adjacent to the railroad tracks, east of and adjacent to Justice Lane, and north of and adjacent to the Tarrant County Corrections facility located at 651 Justice Lane.
Justification
Crystal Windows will invest $136 million in facilities and equipment and create over 650 jobs.
Funding Source
N/A
Prepared By
Jason Moore, Executive Director of Economic Development, 817-728-3650