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Council approves tax‑rebate incentive for Sensei AG to occupy former Iron Ox site
Summary
Council approved a 10‑year property tax rebate, capped at $2 million, for Sensei AG Holdings to occupy the former Iron Ox greenhouse and warehouse; staff described a conservative project package of roughly $40 million investment and 15 jobs.
Lockhart’s city council approved a 10‑year economic development incentive agreement with Sensei AG Holdings, Inc., to support the company’s plan to occupy the former Iron Ox greenhouse and warehouse. The resolution authorizes a property‑tax rebate formula tied to the company’s capital investment, wages and job creation, with a rebate cap of $2,000,000 over ten years.
Economic Development Director Holly Molish said Sensei intends to buy and occupy the existing greenhouse and warehouse at…
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