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Fulshear EDC adopts economic-incentive policy; application fee set at $1,500
Summary
The Fulshear Development Corporation approved an economic-incentive policy and amended the proposed application fee from $500 to $1,500 after board discussion; the policy outlines incentive types, guiding principles and an application process for future requests.
The Fulshear Development Corporation approved FDC resolution 2025-02 to adopt an economic-incentive policy that defines guiding principles, eligible incentive types and an application process for future development requests. The board amended the application fee after discussion and adopted a $1,500 application fee.
Staff told the board the policy consolidates the EDC's incentive offerings and aligns the guiding principles with the city's strategic and economic development plans. The document lists incentives the city can use (including grants and infrastructure assistance) and notes some incentives (such as certain tax tools) require city council policy. Staff said the full incentive policy is intended to provide a transparent application and review process for requests to the EDC.
Board members debated the appropriate application fee to signal seriousness and offset evaluation costs. The board considered proposed fees ranging from $100 to $2,500; an initial motion proposed $2,500, then an amendment set the fee at $1,500. The final vote carried with one board member recorded as opposed. The motion as adopted directs staff to implement the policy with the $1,500 application fee and to prepare accompanying forms and processes.
Staff said some incentive mechanisms listed in the policy would still require council-level policy decisions and that additional standard agreements and fee recoveries (for legal or consultant review) could be added as the EDC implements the program.
