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Meeting Date:	05/09/2022
Chapter 312 Tax Abatement Wolf Tank Storage, LLC
Submitted for:	Nathan Bratton	Submitted By:	Nathan Bratton
Department:	Civil Legal Division

Subject:

Discussion and possible action to enter into a tax abatement agreement, pursuant to the County’s Guidelines and Criteria under the Property Redevelopment and Tax Abatement Act, Chapter 312 of the Texas Tax Code, with Wolf Tank Storage, LLC for approximately $70,000,000 in improvements related to the storage of electricity utilizing batteries for a ten year period and being a 100% tax abatement of ad valorem taxes (maintenance and operation only), with Payments in Lieu of Taxes (PILOT payments) to be made annually to Webb County and any matters incident thereto; authorizing the County Judge to sign all relevant documents.

Background:

This abatement is pursuant to an application made through the County's Tax Abatement Policy

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
n/a