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 Mouser Electronics, Inc. and Authorizing its Execution by the President of the MEDC; and Providing an Effective Date
Requested Action
Consider request for assistance from Mouser Electronics, Inc.
Recommendation
At the August 7 MEDC Board meeting, the board recommended reimbursement of actual cost, not to exceed $172,000, for water, sewer, storm drain and street improvements.
Description/History
Mouser recently received the appropriate zoning to construct a 50,000 SF office building north of Mouser Way and south of House Rd. They intend to relocate their customer service team to the new building. This will allow them to continue to increase their IT, internet and marketing teams in the corporate HQ building.
MEDC Board recommends approval for an economic development incentive request in the amount of $172,000 for water, sewer, storm drain and street improvements. The anticipated capital investment is over $10 million with a minimum of 100 new employees.
Justification
This project would create a significant amount of office jobs for Mansfield.
Funding Source
4A
Prepared By
Richard Nevins, MEDC, 817-728-3652