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 City of Mansfield and Pavilion Properties and Authorizing its Execution by the Mayor and Providing an Effective Date
Requested Action
Approval of resolution.
Recommendation
Staff recommends that the council approve the agreement as presented.
Description/History
Representatives of the Board of Directors of Methodist Mansfield Hospital have approached the City with a proposal to initiate a significant expansion to the existing Methodist Mansfield Hospital campus. The expansion will occur in several phases and will extend over several years. The first phase calls for the construction of a new patient bed tower providing in excess of one hundred additional patient beds and supporting services. The new patient tower will be located immediately west of the existing facility and will be constructed in a manner to present a comparable appearance to the existing hospital structure. During the same initial expansion phase, Pavilion Properties will construct a physician’s office building immediately south of the proposed new patient tower wing. The professional office building will provide approximately seventy-five thousand square feet of leasable space for use by physicians and associated professionals in the health care industry. It is expected that the construction of the new patient tower and the physician office building will generate a significant number of new jobs in the city and will serve as a catalyst to additional medical facility and service development in the immediate vicinity of the hospital.
1. 380 with Pavilion Properties.
As a portion of the City’s agreement to incentivize the expansion of Methodist Mansfield, the City has been requested to provide an economic development incentive to the hospital group through the form of a Chapter 380 Economic Development Agreement.
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