City of Mesquite Council Meeting Minutes March 16 2026
Existing Alcott Station Incentive Agreements Assigned
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Description
Existing economic development agreements with 42 Alcott, LP for an industrial project at 3300 and 3301 East Glen Boulevard include up to $5.25 million in TIRZ reimbursements and impact fee relief in exchange for specified construction and infrastructure obligations. These agreements, originally executed in 2021 and amended in 2025, were approved for assignment to a new developer.
Contract Details
Contract Amount
Up to $5.25M in TIRZ reimbursements plus fee reimbursements
Vendor
42 ALCOTT LP
Agency
SPRADLEY FARMS IMPROVEMENT DISTRICT, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
Key performance deadlines: commence construction by July 31, 2027; complete construction by July 31, 2030; remove East Glen Boulevard pavement and utilities by July 31, 2027
Renewal Date
2030-07-31
Renewal Info
Agreement framework remains unchanged but has been assigned from 42 Alcott, LP to Alto Alcott Station, LP under Resolution No. 08-2026.
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