Department: Economic Equity and Opportunity
Department Head/Elected Official: Estella Gonzalez, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
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Request for approval of a Payment in Lieu of Taxes Agreement ("PILOT Agreement") between Harris County (on behalf of itself, Flood Control District and Hospital District) and PGS USA, LLC with respect to its application for a Foreign-Trade Zone (FTZ) site and issuance of a Letter of Non-Objection to the designation and/or activation of the proposed FTZ site located at 359 Pike Court, La Porte, Texas in Harris County Precinct 2 and within the Foreign-Trade Zone #84.
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Background and Discussion:
PGS USA, LLC (the "Company"), a Louisiana company, has applied for designation and/or activation of a 2.0929-acre FTZ site within FTZ #84 and located at 359 Pike Court, La Porte, TX 77571, in Harris County Precinct 2. The site is owned by SREIT Underwood Industrial Park, LLC and will be operated by the Company.
The Company was founded in 2006 in New Orleans, Louisiana. The Company offers logistic solutions and provides services including transportation, warehousing, transshipment, and freight forward. The Company serves clients globally.
For any FTZ application, Harris County requires an applicant to execute a Payment in Lieu of Taxes ("PILOT") Agreement, wherein the applicant commits each year to pay the County and certain of its taxing entities an amount equivalent to 100% of the taxes that would be owed for all FTZ inventory stored at the FTZ site. When the applicant executes the PILOT Agreement, the proposed FTZ site is then deemed to be in the public interest because the...
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