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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

Comptroller’s Online Chapter 380-381 Economic Development Agreements Database

Note: For agreements that do not have a set expiration date, the expiration date will show as 12/31/2078. All information has been provided by local governments. Only agreements that are or were active as of Sept. 1, 2021, when HB 2402 went into effect or agreements that have been entered into, amended or renewed since then are required to be reported to the database.

El Paso

Chapter 380-381 economic development agreement information as reported to the Comptroller by this entity.

About This Local Government

Local government type: City
Local government code: 0002835
Type of agreement: New

Record filed: 03/30/2022 11:42


Address of Local Government

Address
300 N. Campbell St.
El Paso, TX 79901


Contact information for officer/other person representing the local government

Tomas Gonzalez
City Manager
915-212-0023 
ED@elpasotexas.gov


Entity Information

101 El Paso Street, LP


Agreement Information

Effective Date of Agreement: 05/09/2017
Expiration Date of Agreement: 05/09/2032
Counties that the agreement affects: El Paso


Agreement Information

Agreement Number: 0002835

Purpose of Agreement

*Predevelopment Grant over 3 Years = $6,000,000 Redevelopment Breakdown **Pre Development at closing $3,000,000 **50% Complete $1,000,000 **75% Complete $1,000,000 **100% Complete $1,000,000 *CBD Campus Grant ($1,751,520Pd. Yearly - 8yr) = $14,012,162 *8 Year City Incr. Property Tax Abatement 100 % = $2,240,322 *8 Year State HOT Tax $4,707,807 *8 Year State Mixed Beverage Sales Tax $2,498,739 *8 Year City HOT Tax 50% $2,746,221 *8 Year City Sales Tax 100% $399,798


Copy of the agreement
Previous Agreement Number:

Contact information for person submitting agreement to database

Jessica Cordova
ED Contract Compliance Coordinator
915-212-1626 
cordovaj3@elpasotexas.gov