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Council approves Chapter 380 incentive and $100,000 grant for Fritz Industries expansion (one recusal)
Summary
The council approved a Chapter 380 economic development agreement with Fritz Industries that includes a $100,000 upfront grant and a property‑tax rebate program capped at $600,000 over up to 10 years; one councilmember recused and the motion passed 6–0.
Staff presented a Chapter 380 economic development performance agreement intended to support Fritz Industries’ expansion at two Mesquite properties (one on Executive Boulevard and one at 500 North Sam Houston Road). Staff described the package as a combination of a $100,000 cash grant payable at execution and a property‑tax rebate tied to increases in assessed value from the expansion…
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