Under the agreement, the company will establish a new regional headquarters at the Town Center Office Park, located northeast of the intersection of Bell Boulevard and Whitestone Boulevard, Chief Economic Development Officer Arthur Jackson said.<\/p>\n
The agreement provides the company a sales tax revenue rebate of 100% for the first two years, and an amount gradually decreasing to 75% over the first 10 years. Provided Texas Materials meets the requirements laid out in the agreement for the first 10 years, the sales tax rebate will be extended another 10 years.<\/p>\n
The sales tax revenue rebate is capped at about $1.1 million annually and $11.3 million in total.<\/p>\n
2. Master plan in the works for potential recreation center expansion<\/p>\n
Architecture firm Barker Rinker Seacat will develop a master plan for a potential future expansion and renovation of the Cedar Park Recreation Center after City Council approved a contract June 25.<\/p>\n
The details<\/p>\n
The master planning process will \u201cevaluate the existing facility, identify amenities that will best serve both current and future users, and incorporate stakeholder engagement,\u201d city documents state.<\/p>\n
The architecture team will look into the feasibility of adding amenities identified as priorities in the 2024 Parks Master Plan, such as an indoor pool, fitness facilities, playground areas and tennis and pickleball courts.<\/p>\n
3. City strikes $1.5 million economic development deal with weapons manufacturer<\/a><\/p>\n City Council members approved a $1.5 million economic development agreement with weapons manufacturer Aeon<\/a> on May 28 to bring the company\u2019s headquarters and manufacturing facility to Cedar Park.<\/p>\n The framework<\/p>\n