Title
Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Approving an Economic Development and Performance Agreement by and Between the Mansfield Economic Development Corporation (“MEDC”) and Southern Champion Tray and Authorizing its Execution by the President of the MEDC; and Providing an Effective Date.
Requested Action
Authorize staff to get the signed agreement
Description/History
Southern Champion Tray (SCT) has been in Mansfield for over 35 years. The Mansfield plant designs and produces as many as 800,000 folded cartons per day.
The Chattanooga-based company is planning to expand to add capacity to their overall operations. Chattanooga is pursuing the project aggressively. SCT has engaged a site consultant to negotiate incentives in Arizona.
This initial expansion would occur on a 5 acre tract they own adjacent to their existing Mansfield plant. They are working with MEDC staff to identify an additional 20 acre site for future expansion in the event Mansfield is successful in attracting this expansion.
In order to compete with Arizona and Tennessee, the MEDC Board authorized staff to offer the attached schedule.
Justification (Benefit)
Substantial increased ad valorem and employment
Funding Source
4A
Additional Information
Term Sheet, Council Worksheet
Prepared by
Scott Welmaker, Mansfield Economic Development Corporation, 817-266-5890