Primary Department: Economic Equity and Opportunity
Primary Department Head/Elected Official: Estella Gonzalez, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
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
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
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 Stolthaven Houston Inc. with respect to its application for Foreign-Trade Zone (FTZ) sites and issuance of a Letter of Non-Objection to the designation and/or activation of the proposed FTZ site located at 15602 Jacintoport Blvd., Houston, Texas 77015 in Harris County Precinct 2 and within the Foreign-Trade Zone #84.
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Background and Discussion:
Stolthaven Houston Inc. (the "Company"), a Texas company, has applied for the designation and/or activation of 18 parcels of land totaling 164.8373 acres for an FTZ site within FTZ #84. The site is located at 15602 Jacintoport Blvd., Houston, Texas 77015, in Harris County Precinct 2. Stolthaven Houston Inc. owns the site and will operate it.
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 ...
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