6.c.
TCEDC Agenda
- Meeting Date:
- 06/03/2026
- Title:
- Approve Resolution 26-13, authorizing the execution of a Lease Agreement with MPLX Operations LLC.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Approve Resolution 26-13, authorizing the execution of a Lease Agreement with MPLX Operations LLC.
BACKGROUND
MPLX Operations LLC, a limited partnership formed by Marathon Petroleum Corporation, is currently constructing a multi-billion dollar fractionation plant on property adjacent to Loop 197 in Texas City. As construction continues, the company will need a space for material lay down and fabrication.
The Texas City Economic Development Corporation owns approximately 25 acres of property off of Bay Street, near the industrial complex. Specifically, MPLX is requesting to lease 11.1 acres for a short-term lease ending May 31, 2027.
The property was previously leased to Air Products for use as a lay down yard. They have concluded their lease and returned the property to its original condition.
MPLX would agree to meet all requirements set forth by the Planning and Engineering Department for operation and use of the property during the lease, and would commit to returning the property to its original condition at the conclusion of the lease.
Rent would be $10,000 per month for the duration of the lease.
The Texas City Economic Development Corporation owns approximately 25 acres of property off of Bay Street, near the industrial complex. Specifically, MPLX is requesting to lease 11.1 acres for a short-term lease ending May 31, 2027.
The property was previously leased to Air Products for use as a lay down yard. They have concluded their lease and returned the property to its original condition.
MPLX would agree to meet all requirements set forth by the Planning and Engineering Department for operation and use of the property during the lease, and would commit to returning the property to its original condition at the conclusion of the lease.
Rent would be $10,000 per month for the duration of the lease.
ANALYSIS
Authorize the execution of a Lease Agreement with MPLX Operations LLC.