Primary Department: Economic Equity and Opportunity
Primary Department Head/Elected Official: Jie Wu, Interim Executive Director
Secondary Department: Choose an item.
Secondary Department Head/Elected Official:
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
Project ID (if applicable):
Vendor/Entity Legal Name (if applicable): Aker BioMarine Manufacturing LLC
MWBE Contracted Goal (if applicable):
MWBE Current Participation (if applicable):
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable):
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 Aker BioMarine Manufacturing 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 1200 Silber Road, Houston, Texas 77055 in Harris County Precinct 4 and within the Foreign-Trade Zone #84.
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Background and Discussion:
Aker BioMarine Manufacturing LLC (the "Company"), a Delaware company, has applied for designation and/or activation of a 1.50-acre FTZ site within FTZ #84 and located at 1200 Silber Road, Houston, Texas 77055 in Harris County Precinct 4.
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 County would not lose revenue. ...
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