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Meeting Date:	12/11/2023
Enter into a Tax Abatement Agreement with Hecate Energy Outpost 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, as requested by Hecate Energy Outpost Storage, LLC, for approximately $474,000,000 in improvements related to the storage of electricity using 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: and authorizing the County Judge to sign all relevant documents.

Background:

Commissioners Court has created a reinvestment zone for Hecate Energy Outpost Storage, LLC.

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
PILOT payments following year of completion is anticipated to be $602.00 x 925 Megawatt hours.

Attachments
Proposed tax abatement agreement Hecate Energy Outpost Storage, LLC