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Commissioners approve permanent pipeline easement on county-held property tied to industrial revenue bonds
Summary
Eddy County commissioners approved a permanent easement allowing an NGL/Energy Transfer pipeline to cross property the county holds in legal title because of industrial revenue bonds issued to Sendero; staff explained legal title and the vote passed by recorded affirmative votes.
Eddy County commissioners voted to approve the execution of a permanent easement and service-side agreement to permit a pipeline to cross property that the county holds in legal title through an industrial revenue-bond arrangement.
County staff explained that when the county issued industrial revenue bonds to Sendero, the property securing those bonds was placed in the county's name for tax-benefit purposes. A county legal staff member said, "Legal…
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