Res 085-2024 Non-Annexation Agreement with Panda High Plains Hemp Gin, LLC 08/06/2024 Resolution No. 85-2024
Resolution authorizing the City Manager to enter into a non-
annexation agreement with Panda High Plains Hemp Gin, LLC
guaranteeing the company immunity from annexation for a certain
term
WHEREAS, the City of Wichita Falls has a series of long-standing non-annexation
agreements with several local industries; and,
WHEREAS, the City of Wichita Falls has since the 1970's used non-annexation
agreements as economic development tools to attract and retain industry and primary
jobs; and,
WHEREAS, the City of Wichita Falls desires to enter into an agreement with Panda
High Plains Hemp Gin Real Estate, LLC for a twelve-year term which will provide annual
payments from the industry to the City in-lieu of City property taxes had the industry been
within the City limits.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The City Manager is hereby authorized to enter into a non-annexation agreement
with Panda High Plains Hemp Gin, LLC, in a form approved by the City Attorney,
guaranteeing the company immunity from annexation for a certain term in accordance
with the terms provided for in the related agenda item.
PASSED AND APPROVED this the 6th day of August, 2024.
MAYOR
ATTEST:
City Clerk