MIDLAND, Tx. (KOSA) - The Midland Development Corporation is one step closer to getting a new tenant at the spaceport business park.<\/p>\n
The MDC voted Monday to allow the executive director to negotiate an agreement with Kepler Aerospace, Ltd.<\/p>\n
Kepler will have several goals to meet in order to receive lease abatements, but even if it doesn't hit those targets, there is a safety net in place.<\/p>\n
\"There are stipulations that they have to meet, MDC Director of Operations Sara Harris said. There will be a security agreement and a security deposit. So, any possible lack of meeting the contract will be more than covered by contractual stipulations.\"<\/p>\n
The next step to securing the agreement is approval from the Midland City Council, which is set to be on the agenda later this month<\/p>\n
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Midland Development Corporation moves forward to bring Kepler Aerospace to the spaceport - CBS7 News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" MIDLAND, Tx. (KOSA) - The Midland Development Corporation is one step closer to getting a new tenant at the spaceport business park. The MDC voted Monday to allow the executive director to negotiate an agreement with Kepler Aerospace, Ltd. Continue reading