Schertz residents now have up to $1.5 million in public incentive spending to track over six years for Hollingsworth Logistics Group’s relocation and expansion of its local operations.
The council approved Resolution 26-R-105 authorizing an economic-development performance agreement with Hollingsworth Logistics Group LLC. The official meeting recording establishes that action after council returned from its Sept. 15 closed session.
From the source record
Draft Schertz Economic Development Corporation minutes describe the maximum grant as support for the company’s relocation and expansion of its Schertz operations.City of Schertz ↗
The council approved Resolution 26-R-103 authorizing the amended economic-development incentive for Lost Pines Schertz Operations LLC. Before the meeting, the official agenda identified the two closed-session prospects as Las P Schertz Operations and Project Holly.
Draft Aug. 27 minutes in the Schertz Economic Development Corporation packet show the board recommended the Hollingsworth agreement to City Council in a 5-0 vote. The board also unanimously recommended a second amendment to its performance agreement with Las P Schertz Operations LLC.
The executed agreements are the next records needed to verify payment schedules, performance benchmarks and recapture provisions. Readers can inspect the Sept. 15 agenda for the closed-session notice and possible-action items. Comal.News’ full meeting recap covers the council’s other decisions, while the earlier agenda guide shows what was proposed before the meeting.