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Meeting Date:	12/11/2023
Tax Abatement and Incentive Agreement for Property in a Neighborhood Empowerment Zone with Aymar Holdings LLC
Submitted for:	Nathan Bratton	Submitted By:	Nathan Bratton
Department:	Civil Legal Division

Subject:

Discussion and possible action to enter into a Tax Abatement and Incentive Agreement for Property in a Neighborhood Empowerment Zone with Aymar Holdings LLC for a ten year one hundred percent abatement of the value of new commercial construction and any matter incident thereto; authorizing the County Judge to sign all relevant documents.

Background:

Aymar submitted application for tax abatement and is requesting a 10 year abatement pursuant to the County of Webb Neighborhood Empowerment Zone (NEZ), Number One, Tax Abatement Policy

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
Will reduce future ad valorem tax paid to County.