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Meeting Date:	06/12/2023
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, as requested by Gransolar Texas Two, 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, as requested by Gransolar Texas Two, LLC, for approximately $327,000,000 in improvements related to generation of electricity using solar panels 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, and authorizing the County Judge to sign all relevant documents. The property subject to the abatement agreement is located approximately 19 miles from Laredo in eastern Webb County just north of US Highway 59 within the Gransolar Texas Two Reinvestment Zone.

Background:

Reinvestment has been created for the purpose of allowing a tax abatement.

Previous Court Action:

Fiscal Impact

Budget Account Number:	unk
Funding Source:	unk
Balance:	unk
Financial Impact:
PILOT $1341 per MW AC Nameplate Generating Capacity

Attachments
Proposed Agreement Gransolar Two
Gransolar 2 site