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The Hutto EDC approved an incentive for Project 107 East Street capped at $140,000, by a 5-0 vote. The board also approved a $25-per-acre annual farm lease for Hutto Megasite property, sponsorship funding, and several budget amendments.
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The approved Project 107 East Street incentive sets a maximum Corporation commitment of $140,000. The board also authorized temporary agricultural use of Corporation-owned Megasite property at $25 per acre per year, with prorated terms for two to three months. A proposed incentive agreement for Project Blue Hub was not decided and will return at the August meeting.
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