Fate Development Corporation
- 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
The Fate Municipal Development District is comprised of seven regular members appointed by the City Council who serve staggered two-year terms.
|Lance Megyesi||Board Member, President||July, 2020|
|Steve Hermann||Board Member||July, 2020|
|Blake Buchanan||Board Member||July, 2019|
|David Billings||Board Member||July, 2019|
|Ian Fields||Board Member||July, 2019|
|Mike Reynolds||Board Member||July, 2019|
|Blake Overton||Board Member|| July, 2020
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.