Enter into a tax abatement agreement Gransolar Texas Three, 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 Three, LLC, for approximately $184,000,000 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 15 miles from Laredo in Southern Webb County off of US Highway 83 within the Gransolar Texas Tres Reinvestment Zone.
Background:
Commissioners Court has previously approved a Reinvestment Zone.