Skip to main content
File #: 18-2969    Version: 1 Name: Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Approving Terms and Conditions of a Tax Abatement Agreement by and Between the City of Mansfield, Texas and Mouser Electronics, Inc.; Establishing and Providing a Tax Abatement
Type: Resolution Status: Passed
File created: 11/6/2018 In control: City Council
On agenda: 12/10/2018 Final action: 12/10/2018
Title: Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Approving Terms and Conditions of a Tax Abatement Agreement by and Between the City of Mansfield, Texas and Mouser Electronics, Inc.; Establishing and Providing a Tax Abatement and Authorizing its Execution by the Mayor; and Providing an Effective Date
Sponsors: Clayton Chandler, Richard Nevins
Attachments: 1. Resolution, 2. Tax Abatement Agreement

Title

Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Approving Terms and Conditions of a Tax Abatement Agreement by and Between the City of Mansfield, Texas and Mouser Electronics, Inc.; Establishing and Providing a Tax Abatement and Authorizing its Execution by the Mayor; and Providing an Effective Date

Requested Action

Approve Tax Abatement for Mouser Electronics New Office Building

Recommendation

Recommend Approval of Tax Abatement for 30% for 10 Years

Description/History

At the November 26, 2018 City Council meeting, the Council approved the Ordinance designating the new office building as Tax Abatement Reinvestment Zone No. 43.  It is roughly located at House Road and 157.  The new office building will be approximately 50,000 SF and employ a minimum of 100 new employees.  The total capital investment is anticipated to be $12 million.  A 30% tax abatement for a term of 10 years is recommended. 

Justification

This project would create additional office jobs and provide tax relief to Mansfield’s largest private employer.

Funding Source

Prepared By

Richard Nevins, Interim Director MEDC, 817-728-3652