City of Denton Economic Development Partnership Board Agenda Packet 2026-06-10
Board Recommends KrateoSky Incentive Agreement to Council
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Description
The Economic Development Partnership Board voted unanimously to recommend City Council approval of an incentive agreement with KrateoSky. The package includes up to $94,500 in sales tax rebates, $227,000 in job-based grants, $498,564 in ad valorem rebates, and a $50,000 headquarters grant.
Contract Details
Contract Amount
sales tax rebate on construction materials up to $94,500, a job-based grant up to $227,000, an ad valorem rebate on real property improvements and business personal property up to $498,564 and a headquarters grant up to $50,000
Vendor
KRATEOSKY
Agency
Sanctuary Mud 2 Of Denton County, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Renewal Info
Subject to performance agreements under Chapter 380; full contract terms to be set by Council.
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