FINANCIAL_SERVICESPENDING

Richardson City Council Meeting Agenda May 2026

Fossil Partners Nominated for State Enterprise Zone

City of Richardson cityFOSSIL PARTNERS LPMay 11, 2026

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Description

The Richardson City Council is considering a resolution nominating Fossil Partners, L.P. as a Texas State Enterprise Zone Project through June 2, 2031, supporting at least $5 million in facility and IT investments at its Richardson headquarters. The designation would allow Fossil to seek state sales tax refunds tied to capital investment and job retention with no direct City funding required.

Contract Details

Vendor

FOSSIL PARTNERS LP

Agency

City of Richardson city, TX

Contract Type

FINANCIAL_SERVICES

Document Date

May 11, 2026

Contract Term

Enterprise Zone designation effective on designation date through June 2, 2031 (5-year designation referenced)

Renewal Date

2031-06-02

Renewal Info

Enterprise Zone project designation runs through 2031-06-02; any renewal would require a new nomination and state approval at the end of the designation period.