Title
Consider approving Resolution No. 2025-196 authorizing the City Manager to negotiate and execute on behalf of the City an economic development agreement by and between the City of Farmers Branch, Texas, and GrabAGun, LLC; and take appropriate action.
Body
REQUESTOR:
City Council
BACKGROUND:
The company, GrabAGun, has or intends to acquire and occupy one or more buildings located at 4880 Alpha Road, Farmers Branch, Texas, for a period of at least ten (10) years, for the location of its retail firearms sales business.
DISCUSSION:
The proposed Resolution No. 2025-196 authorizes the City Manager to execute an Economic Development Incentive Agreement with GrabAGun, LLC to support the recruitment and future investment of the company within the City of Farmers Branch.
GrabAGun, LLC has expressed its intent to maintain and grow its retail firearms sales business operations within the City of Farmers Branch, contingent upon continued partnership with the City. The new agreement is structured to:
* Provide an economic development grant pursuant to Chapter 380 of the Texas Local Government Code;
* Ensure a competitive economic position for the City to recruit a major employer and corporate presence.
The City's legal authority for entering into such agreements is granted under Article III, Section 52-a of the Texas Constitution and Chapter 380 of the Texas Local Government Code, which allows municipalities to provide economic development incentives to promote and stimulate business and commercial activity.
FISCAL IMPACT:
The incentive is structured as a performance-based economic development grant. Funding for this agreement has been allocated in the FY 2025-26 Economic Development Fund. Payments will be conditioned upon GrabAGun's compliance with all terms of the agreement.
DISTRICT:
District 4
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2025-196 as presented.
2. I move to approve Resolution No. 2025-196 with modifications.
3. I move ...
Click here for full text