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): Q-Edge Corporation
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):
title
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 Q-Edge Corporation 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 sites located at 8702 Fairbanks N Houston Rd., Houston, TX 77064 and 8710 Fairbanks N Houston Rd., Houston, TX 77064 in Harris County Precinct 1 and within the Foreign-Trade Zone #84.
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Background and Discussion:
Q-Edge Corporation (the "Company"), a Texas company and a wholly owned subsidiary of Hon Hai Precision Industry Co., LTD., has applied for designation and/or activation of a 425,682-Squre Feet FTZ site within FTZ #84 and located at 8702 Fairbanks N Houston Rd., Houston, TX 77064 and 8710 Fairbanks N Houston Rd., Houston, TX 77064, in Harris County Precinct 1. The site is owned by Ingrasys Technology USA, Inc. and will be operated by the Company.
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 equivale...
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