DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: 3
SUBJECT:
Removal of a tract of land located at 4526 S. Loop 1604 from the South San Antonio Area 4 Limited Purpose Annexation Area, and consideration of an Industrial District Development Agreement and Basic Fire Services Agreement with Halliburton Energy Services, Inc.
SUMMARY:
This item includes the consideration of ordinances removing a tract of land located at 4526 S. Loop 1604 in southeastern Bexar County, consisting of approximately 150.260 acres and owned by Halliburton Energy Services Inc. (Halliburton), from the South San Antonio Area 4 Limited Purpose Annexation Area, and designating and approving a 10-year Industrial District Development Agreement, contingent upon Halliburton meeting the City's job and wage requirements, contributing an annual payment, and financial support for community workforce development initiatives. These ordinances also approve a Basic Fire Services Agreement (FSA), which includes an annual fire services fee.
BACKGROUND INFORMATION:
Founded in 1919, and headquartered in Houston and Dubai, Halliburton is a Fortune 500 company and one of the largest oilfield service companies in the world. The company offers drilling and evaluation services, as well as completion and production services, and has 65,000 employees across the globe.
Halliburton's San Antonio site, located at the Intersection of South Loop 1604 and I-37E, functions as the main base for the company's Eagle Ford Shale operations and its nearly 1,000 associated employees. As of this year, the company has generated approximately $305 million in real ($28 million) and personal property ($277 million) value at the site, with the majority of the personal property value comprised of mobile field equipment.
The recommended ordinances present an effort to secure Halliburton's continued presence and investment in San Antonio, and align with the long-term economic goals outl...
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