Title
RESOLUTION NO. R17-05
A RESOLUTION OF THE COUNCIL OF THE CITY OF GLENDALE, MARICOPA COUNTY, ARIZONA, AUTHORIZING AND DIRECTING THE ENTERING INTO OF A JOB RETENTION AND ECONOMIC DEVELOPMENT ACTIVITIES AGREEMENT WITH BECHTEL CORPORATION.
Staff Contact: Brian Friedman, Director, Office of Economic Development
end
Purpose and Recommended Action
Recommendation
This is a request for City Council to waive reading beyond the title and adopt a resolution authorizing the City Manager to enter into a Job Retention and Economic Development Activities Agreement between the City of Glendale and Bechtel Corporation for the purpose of retaining high-quality jobs.
body
Background
The Bechtel Corporation is an international engineering, construction and project management company and Glendale's tenth largest private employer, paying some of the highest wages, plus benefits of any employer in the city. Glendale Economic Development recruited the Bechtel Corporation Business Services Division to Arizona in 2002 and the company located in Talavi Corporate Center at that time. Prior to the lease expiring at Talavi Corporate Center in April, 2012 Bechtel indicated it was evaluating options, including relocating its Glendale operation to Maryland, Tennessee or Texas. Options for remaining in Arizona included renewing the lease in Talavi Corporate Center or moving to the Glendale Corporate Center. Bechtel chose to remain in Glendale and relocated the facility to the Glendale Corporate Center, located at 5323 North 99th Avenue. The current lease will expire in April 2018. Bechtel is examining facility options and have engaged a site selection consultant to conduct a search for locations both inside and outside of Glendale.
This agreement will retain the Bechtel Corporation Business Services Division in Glendale at Glendale Corporate Center through 2028.
Analysis
An economic impact analysis of the project was conducted by Applied Economics. Based on the parameters p...
Click here for full text