City of Austin Economic Opportunity Committee Meeting Backup March 2026
HID Global property tax reimbursement agreement finalized
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Description
Austin’s Chapter 380 agreement with HID Global for its manufacturing and distribution center provided a 60% property tax reimbursement, ultimately paying $1.0 million in incentives. The uncapped structure tied payments to actual assessments and yielded nearly $2 million in property tax collections and close to $1 million in city revenue retained.
Contract Details
Contract Amount
Award Approved $920,576; Award Paid to Date $1,007,209
Vendor
HID GLOBAL
Agency
City of Austin city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 20, 2026
Contract Term
10/2012 – 2/2025
Renewal Date
2025-02-28
Renewal Info
Performance-based property tax reimbursement agreement approved in October 2012 with expected completion in February 2025; the project is reported as completed and no renewal options are described.
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