housing-authority-of-ennis-amended-agenda-project-300-decor-rogala-developments-jun-18-2024_12d.pdf
SOPREMA Inc. Receives Ennis Incentive for Project Rogala
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Description
The City of Ennis entered a 7-year Economic Development Agreement with SOPREMA Inc., including a 70% tax rebate on new property value and $500,000 in infrastructure improvements for a commercial roofing facility.
Contract Details
Contract Amount
Tax rebate of 70% of new Real and Business Personal Property value for 7 years; $500,000 infrastructure improvement commitment by EDC
Vendor
SOPREMA INC
Agency
Housing Authority of Ennis, TX
Contract Type
OTHER
Document Date
June 18, 2024
Contract Term
7 years
Renewal Date
2034-12-31
Renewal Info
Agreement effective upon completion of facility and remains in force for 7 years after first annual grant payment. No automatic renewal. Subject to early termination if default terms apply.
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