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FINANCIAL_SERVICESAPPROVED

City of Burlington Agenda City Council Meeting 2026-05-05

Council OKs $1.08M Agreement With Project Titan

$1,077,500Burlington Housing AuthorityPROJECT TITANMay 5, 2026

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Description

Burlington City Council authorized execution of State Economic Development Agreement ID #13503 and approved $1,077,500 in reimbursable incentives to Project Titan. The City will reimburse qualifying expenses to the project and receive subsequent reimbursement from NCDOT.

Contract Details

Contract Amount

$1,077,500

Vendor

PROJECT TITAN

Agency

Burlington Housing Authority, NC

Contract Type

FINANCIAL_SERVICES

Document Date

May 5, 2026

Renewal Info

Economic development agreement tied to qualifying project expenses; no renewal terms described in agenda.

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