Celina City Council approved a Chapter 380 agreement with Home Depot during a special called meeting on Dec. 19.
The agreement accounts for a $1.4 million sales tax grant over 10 years that will be split between the city and the Celina Economic Development Corporation. The city is expected to see a return on the investment in five years, officials said.
- City portion: $838,500
- CEDC portion: $559,000
The facility is planned to total 105,000 square feet. Under the agreement, the company will be required to obtain a certificate of occupancy by July 31, 2026 and must be operating by August 31, 2026.
The Home Depot will be located on the northwest corner of Ownsby Parkway and Preston Road adjacent to the Costco currently under construction.
Looking ahead
More details on the project will be made available during a Jan. 14 council meeting.
