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Freestone County moves to designate reinvestment zone, advance tax-abatement steps for proposed solar projects
Summary
Freestone County Commissioners opened a brief public hearing and approved procedural steps to designate a reinvestment zone under Texas Government Code Chapter 312 to allow tax-abatement agreements for proposed solar projects, county staff said.
Freestone County Commissioners opened a public hearing on a proposed designation under Texas Government Code Chapter 312 to allow tax-abatement agreements for property associated with proposed solar generation projects, county staff said. The public hearing was opened at 9:09 a.m. and closed at 9:11 a.m.
County staff described one project as a utility-scale solar farm with an estimated value of $88,000,000 and said the proposed payment-in-lieu-of-taxes (PILOT) would be about $170,000 a year. "This designation will allow the tax abatement agreements to be entered into by the county with owners of property within the reinvestment zone," a county staff member said during the hearing.
Commissioners moved to create and designate the reinvestment zone that had been the subject of the public hearing; a voice…
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