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Council gives first reading to EDC infrastructure incentive for USG Paper LLC totaling up to $400,000
Summary
The council approved a first reading of an EDC infrastructure grant agreement committing incentives not to exceed $200,000 per year for two years (total up to $400,000) to USG Paper LLC for economic development; final reading is scheduled in two weeks.
On June 24 the City Council of Orange approved the first reading of a resolution authorizing an Economic Development Corporation (EDC) infrastructure grant agreement with USG Paper LLC at 1750 IP Way.
City staff said the incentive is “in the amount not to exceed $200,000 per year over a 2 year period with a total amount not exceeding $400,000 for the purpose of economic development.” The EDC board previously took action on the matter; the council voted in support at first reading and the agenda states a final reading will occur in two weeks.
Mayor and council members described the EDC’s role in attracting large investments and noted that the $400,000 incentive supports a project the mayor described as a “$715,000,000 project,” a characterization made during council remarks about expected return on investment.
The transcript records the first-reading vote as carried with unanimous ayes from voting councilmembers. The resolution on the agenda ties the incentive to infrastructure and economic development; the transcript does not record final passage, specific performance milestones or the full incentive agreement language — those appear to be scheduled for the second reading.
