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Court approves $1.09 million in bills; commissioners queried a $51,248.88 sales-tax reimbursement to Endeavor Real Estate Group
Summary
Commissioners approved bills totaling $1,094,632.32 and discussed a $51,248.88 payment to Endeavor Real Estate Group tied to a long-standing sales-tax reimbursement arrangement for the 5 Hills development dating to 2014.
Coryell County commissioners approved payment of bills totaling $1,094,632.32 after a short discussion about a $51,248.88 line item payable to Endeavor Real Estate Group.
A commissioner asked about the $51,248.88 payment on page 2 of the bills list; staff explained the amount is a sales-tax reimbursement tied to an economic-development agreement dating to about 2014 that provides a sales-tax reimbursement for the 5 Hills development based on taxable value increases since November 2011. The court then voted to approve payment of the bills; the motion carried by voice vote.
Why it matters: the item is part of routine accounts-payable processing but drew attention because it references a multi-year tax-reimbursement agreement and a nonstandard payee. Staff said the payment reflected the contractual terms of the previously executed agreement.
Action: motion to pay bills carried; no further accounting action was directed at the meeting.
