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Meeting Date:	09/26/2022
Enter into a tax abatement agreement Siete Wind, LLC wind project
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 Siete Wind, LLC, for approximately $480,000,000 in improvements related to the production of renewable energy utilizing wind turbines 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 other matters incident thereto, and authorizing the county judge to sign all relevant documents.

Background:

Tax abatement for wind project in designated Reinvestment zone.

Previous Court Action:

Fiscal Impact

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

Attachments
Proposed Tax Abatement Agmt - Siete Wind
9-26-22 Item #22 - Siete Wind LLC Tax Abatement Agreement - Executed