Fate Development Corporation

Regular Meetings

 
  • 6 p.m.
  • Once a quarter and as needed
  • City Hall
    1900 CD Boren Parkway
    Fate, TX 75087

Agendas & Minutes

 
Agendas are available prior to the meetings. Minutes are available following approval. 
View Most Recent Agendas and Minutes
FATE DEVELOPMENT CORPORATION LOGO

Members



The Fate Municipal Development District is comprised of seven regular members appointed by the City Council who serve staggered two-year terms.

 Member  Position  Term Expires
 Lance Megyesi  Board Member, President  July, 2018
 Steve Hermann  Board Member  July, 2018
 Nikki Robinson  Board Member  June, 2017
 David Billings  Board Member  July, 2017
 Rickey Hebert  Board Member  June, 2017
 Mark Roland  Board Member  June, 2017
 Blake Overton  Board Member  July, 2018


Mission



The Fate Development Corporation (FDC) is a Type 4B Economic Development Corporation and was created by voters in May, 2009 and began levying a 1/2 percent sales tax on all items in the City that are subject to the general sales tax.

It is the mission of the FDC to aid the City of Fate and interested private or public entities in making the community a better place to live, work and do business. In so doing, the FDC may help develop and finance any permissible project as defined in Chapter 505 of the Texas Local Government Code and that benefits, strengthens and diversifies the economic base of Fate.

Applying for funding from the Fate Development Corporation



The FDC may assist in the funding of new or expanded businesses or industries in compliance with Chapter 505 of the Texas Local Government Code. Funding assistance for a project may include the following:

Land, buildings, equipment, facilities, expenditures, targeted infrastructure or improvements for the creation or retention of primary jobs, manufacturing or industrial facilities, research and development facilities, transportation facilities, sewage or solid waste disposal facilities, recycling facilities, air or water pollution facilities, facilities for furnishing water to the public, distribution centers, small warehouse facilities serving as distribution centers, primary job training facilities, regional or national corporate headquarter facilities;

Job training required or suitable for the promotion of development and expansion of businesses;
Infrastructure required or suitable for promotion or development of new or expanded businesses;
Land, buildings, equipment, or facilities improvements to promote or develop new or expanded businesses that create or retain primary jobs.

To apply for funding, please contact Justin Weiss, Assistant City Manager.