Odessa Development Corporation Board Meeting Agenda May 2026
ODC Approves $2.88 Million Grant for Team Refurb Facility
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Description
The Odessa Development Corporation approved a $2.88 million, five-year grant to Team Refurb and Support, LLC to acquire property and build an equipment manufacturing and refurbishment facility in Ector County. The incentive supports both retained and new jobs tied to the project.
Contract Details
Contract Amount
$2,880,873.22 (grant funded at 60% based on a factor of seven with a five-year payout)
Vendor
TEAM REFURB AND SUPPORT LLC
Agency
City of Odessa city, TX
Contract Type
OTHER
Document Date
May 14, 2026
Contract Term
Five-year payout period
Renewal Info
New multi-year incentive agreement with a five-year payout; no explicit renewal or extension options noted.
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Odessa Development Corporation Board Meeting Agenda May 2026
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