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Amazon campus, Lamb Weston enterprise-zone payments routed to city projects and taxing districts
Summary
City staff described how Amazonand Lamb Weston enterprise-zone payments will be distributed: internal projects (library, public safety center, Northeast water tower) and external payments to taxing districts, public safety and student-success fees.
City Manager Byron Smith told the committee that enterprise-zone payments linked to Amazon Web Services and Lamb Weston are beginning to flow and will be allocated to both city projects and other taxing districts under the terms of the enterprise-zone agreements.
Smith explained that Amazon's enterprise-zone agreements include a one-time $5 million community-development payment tied to construction (already received for the second campus) and annual payments that grow as additional buildings reach certificates of occupancy. "We split $50/50…
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