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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 6/8/2026 | | DEPARTMENT: | Eco Dev | | DIRECTOR: | Doug McDonald, Director of Economic Development | | AGENDA ITEM: | To approve an Economic Development Incentive Agreement between the City of Plano, Texas, and Centennial Waterfall Willow Bend, LLC, a Delaware limited liability company.
| | RECOMMENDED ACTION: | Items for Individual Consideration |
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| | | | | | | | ITEM SUMMARY Consideration to approve an Economic Development Incentive Agreement between the City of Plano, Texas, and Centennial Waterfall Willow Bend, LLC, a Delaware limited liability company; providing an economic development grant to the Company; and authorizing the City Manager, or his authorized designee, to execute all necessary documents. Approved |
| | | | | | | | BACKGROUND This agenda item represents a request to approve an Economic Development Incentive Agreement for Centennial Waterfall Willow Bend, LLC, a Delaware limited liability company, pursuant to Chapter 380 of the Texas Local Government Code and conditioned on the terms as set forth in the attached agreement. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS Funding for this item is available in the 2025-26 Economic Development Fund. This item, in the amount of $15,000,000, will leave an unencumbered balance of $26,115,980 available for future project consideration.
Approval of this Agreement supports the City’s Strategic Plan Critical Success Factor of Residential and Commercial Economic Vitality. |
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