Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Council approves Chapter 380 incentive for RTJ to build HTO facility with $25,000 payment tied to 16 full‑time jobs
Summary
After an executive-session briefing under Texas Government Code 551.087, the Plainview City Council approved a Chapter 380 incentive agreement with RTJ for an HTO project: $25,000 contingent on the construction, issuance of certificate of occupancy, and creation of 16 full‑time-equivalent jobs, the city said.
Following an executive session conducted under Texas Government Code Section 551.087 to discuss an economic development incentive, the Plainview City Council reopened its meeting and considered a proposed Chapter 380 agreement with RTJ for construction of an HTO facility.
A staff presenter identified as Christy described the incentive terms to council: a $25,000 economic incentive tied to the creation of the equivalent of 16 full‑time positions. Staff explained that the incentive is intended to help cover certain construction costs, that the city will seek proof of the certificate of occupancy and job creation (16 FTE equivalent) before making the payment, and that staff projects the city will recover the incentive amount in less than a year through increased sales and property taxes if the company’s projections hold.
Council member Martinez moved that the city enter into a Chapter 380 agreement with RTJ for the HTO project; the motion was seconded (second not specified in the record) and the council approved the agreement on a 7–4 vote. Staff noted the standard closing condition for disbursement will be the certificate of occupancy and documentation of hiring consistent with the agreement.
Ending: Council approved the Chapter 380 incentive; staff will finalize the agreement and monitor compliance with the job-creation requirements before releasing funds.
