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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 7/25/2022 | | DEPARTMENT: | Eco Dev | | DIRECTOR: | Jenny Zeilfelder, Interim Director of Economic Development | | AGENDA ITEM: | Rescission of Revised and Restated Economic Development Agreement for L3 Technologies, Inc. | | RECOMMENDED ACTION: | Approval of Contract / Agreement |
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| | | | | | | | ITEM SUMMARY To rescind a Revised and Restated Economic Development Incentive Agreement between the City of Plano, Texas, and L3 Technologies, Inc., a Delaware corporation ("Company"). Approved |
| | | | | | | | PREVIOUS ACTION/PRESENTATION On March 28, 2022, the City Council approved a Revised and Restated Economic Development Incentive Agreement by and between the City of Plano and L3 Technologies, Inc., a Delaware corporation. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS 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.
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