Title
Resolution - A Resolution of the City of Mansfield, Texas Approving the Amendment to the Payment in Lieu of Taxes (PILOT) Agreement Foreign-Trade Zone Site between the City of Mansfield, Texas, and Mouser Electronics, Inc., to Expand the Boundaries of the Existing Foreign-Trade Zone; Authorizing the City Manager or His Designee to Execute Said Amendment and Letter of Non-Objection; and Providing an Effective Date
Requested Action
Approve an Amendment of the Payment in Lieu of Taxes Foreign Trade Zone Site agreement with Mouser Electronics.
Recommendation
Authorize the City Manager or designee to execute the amendment for the Payment in Lieu of Taxes Foreign Trade Zone Site agreement with Mouser Electronics.
Description/History
Mouser Electronics and the City of Mansfield entered into a Payment in Lieu of Taxes (PILOT) Agreement Foreign Trade Zone Site on September 25, 2017, approved by City of Mansfield Resolution No. RE-3413-17. Mouser’s Foreign Trade Zone (the “FTZ”) site located at 1000 North Main Street, Mansfield, Texas. The original Agreement established boundaries for the FTZ Site. Mouser desires to expand the boundaries of the FTZ Site and has provided a new Letter of Non-Objection (the “Letter”) to the City. Mouser has expanded its facility beyond the original boundaries described in the Agreement, and Section C.4. “Boundaries” of the Agreement provides that the boundaries shall not be modified without the express action of the City Council. Mouser and the City desire to amend the Agreement to expand the boundaries of the FTZ and authorize the City Manager, or his designee, to execute the new Letter, which will be submitted to the Foreign-Trade Zones Board of the International Trade Administration.
Justification
Grants Mouser Electronics an opportunity to compete internationally by supporting their request to become a designated Foreign Trade Zone site within the City of Mansfield, Texas. The designated site will be subject to all US, Stat...
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