Burleson 4A Economic Development Corporation Agenda March 2026
Burleson 4A Board Approves $100,000 Incentive for American Completion Tools Expansion
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Description
The Burleson 4A Economic Development Corporation approved a performance agreement with American Completion Tools, Inc., providing up to $100,000 in incentives for business expansion, contingent on infrastructure improvements and job creation through 2028.
Contract Details
Contract Amount
Up to $100,000 (cash incentive grants: $50,000 for sewer expansion, $25,000 for certificate of occupancy, $25,000 for hiring 15 employees)
Vendor
AMERICAN COMPLETION TOOLS INC
Agency
City of Burleson city, TX
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 20, 2026
Contract Term
Commence construction by December 31, 2026; complete by December 31, 2028; minimum job retention 1 year post-hire; performance-based payments through 2028+
Renewal Date
2028-12-31
Renewal Info
No renewal provisions specified; performance agreement milestones dictate payout schedule through 2028.
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