|Trinity Standard - Local News
Copyright 2011 - Polk County Publishing Company
City wins $750,000 development grant
Trinity Standard -
TRINITY – A $750,000 state grant to help develop a local industrial park has been approved by the Texas Capital Fund. Trinity City Manager Buddy Drake announced the grant has been awarded and officials with the state grant program are scheduled to be in Trinity for a site visit on Oct. 17. “The grant paperwork should be signed soon after the site visit and I now fully expect construction will start sometime after the first of the year,” he said. The grant will pay for the installation of utilities and a paved road running from Highway 19 to FM 1617 across a 14.25-acre track recently sold by the city to XG Ventures of Kingwood. The land, located just south of the Alco shopping center on the west side of Highway 19, is to be developed into an industrial park with a retail strip center along the Highway 19 frontage. XG paid the Trinity Industrial and Economic Development Corporation (TEIDC) $250,000 for the land but under the deal they can get up to half of the purchase price back. TEIDC has agreed to pay the company $1,000 for each new job created at the site up to $125,000. The agreement stipulates that the job must have lasted for one year before the money is paid, TEIDC was created by the city council to help promote economic growth and currently receives one quarter of the income generated by the city’s 2 percent sales tax. Under the grant, the city will construct an asphalt-topped roadway through the property and install water and sewer lines. The grant also will pay for the installation of gas, electric and telephone lines. Over the next several years, XG ventures will be constructing a number of industrial buildings on the site ranging in size from 10,000 to 20,000 square feet. In addition, they will build a new office as their company headquarters and a strip center with 20-22 retail spaces. They plan to start construction of a 20,000 square foot building and their company office almost immediately. Drake said he is currently looking at ways to provide temporary water and sewer service to the site to enable XG to begin their work.