To approve a Revised and Restated Economic Development Incentive Agreement between the City of Plano, Texas, and FedEx Office and Print Services, Inc., a Texas corporation (“Company”), providing an economic development grant to the Company; and authorizing the City Manager to execute all necessary documents. Approved

On February 11, 2014, the City Council approved an Economic Development Incentive Agreement by and between the City of Plano and FedEx Office and Print Services, Inc. Subsequently, on May 12, 2014, the City Council approved the First Amendment to the Economic Development Incentive Agreement by and between the City of Plano and FedEx Office and Print Services, Inc.

A request to approve a Revised and Restated Economic Development Incentive Agreement for FedEx Office and Print Services, Inc., a Texas corporation, pursuant to Chapter 380 of the Texas Local Government Code and conditioned on the terms as set forth in the attached agreement. FedEx Office and Print Services, Inc. agrees to occupy 255,000 gross square feet of office space on the northeast corner of Legacy Drive and Headquarters Drive in Plano, Texas and transfer, create and maintain a payroll of 1,224 Job Equivalents at the Property.

https://tinyurl.com/7f27mnyc

This item has no financial impact.

Approval of this Agreement supports the City’s Strategic Plan Critical Success Factor of Residential and Commercial Economic Vitality.

This item has no financial impact.

Approval of this Agreement supports the City’s Strategic Plan Critical Success Factor of Residential and Commercial Economic Vitality.