Title
Resolution - A Resolution of the City of Mansfield, Texas, Approving an Economic Development Agreement Between the City of Mansfield, the Mansfield Economic Development Corporation, and Crystal Window and Door Systems TX; Authorizing the City Manager, or his designee, and MEDC President to Execute Said Agreement; and Providing an Effective Date
Requested Action
Consider Approval of the Economic Development Agreement with Crystal Window and Door Systems TX
Recommendation
Approval of the Economic Development Agreement with Crystal Window and Door Systems TX
Description/History
Since May 2022, Staff has been working with Crystal Window and Door Systems, a nationally recognized leader in window manufacturing, with corporate headquarters in Flushing, New York. The company researches, develops, and manufactures window and door systems for commercial and residential buildings. They have approximately 800 employees nationally and their annual revenue is over $250 million.
They have chosen a 44 acre site generally located west of U.S. 287, south of and adjacent to the railroad tracks, east of and adjacent to Justice Lane, and north of and adjacent to the Tarrant County Corrections facility located at 651 Justice Lane in Mansfield as the location for their new manufacturing facility and regional headquarters. This property is also referred to as the “mushroom property.”
This manufacturing facility will be built in four phases over the next 6 years. During this time, Crystal Window and Door Systems will construct approximately 650k sq. ft. and make a capital investment of at least $136 million. They will also create over 650 jobs. The regional headquarters will be constructed as part of phase 2 and will host approximately 100 corporate jobs overseeing the southwest region of their national operations.
Because this property, approximately 44 acres, is owned by the City, and not located within a Tax Increment Reinvestment Zone boundary, the City was required...
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