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AI# 11062
Regular City Council Meeting
6.18.
10/11/2022:
Information
Agenda Item
Resolution - City Manager:
Consider a resolution authorizing the Mayor to execute a Tri-Party Agreement, Contract 16892 by and between the City of Lubbock, the Lubbock Economic Development Alliance, Inc. (LEDA) and WL Plastics Corporation to cause the relocation of utility easements and associated infrastructure in support of the recently announced expansion of WL Plastics Corporation operations at the Lubbock Rail Port.
Item Summary
WL Plastics Corporation, North America’s largest manufacturer of polyethylene pipe is proposing to expand their existing operations at the Lubbock Rail Port. The proposed expansion will create up to 95 new jobs with an initial investment of approximately $40 million from the company. Both the Lubbock Economic Development Alliance Board of Directors and the Lubbock City Council approved performance-based incentives for the expansion.
This item supports the expansion project by allowing WL Plastics Corporation, at their expense, to relocate City owned utility infrastructure near North Ivory Avenue, just north of FM 1294 (E. Drew Street). WL Plastics Corporation will relocate this infrastructure and following City approval and acceptance, the existing utility easement will be abandoned, and a new easement will be granted to the City. Relocating this infrastructure and easement will allow the proposed expansion of the WL Corporation facility while still providing the required City provided utilities.
Fiscal Impact
None
Staff/Board Recommending
W. Jarrett Atkinson, City Manager
Attachments
Resolution - Tri-Party Agreement
Tri-Party Agreement
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