Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Abatements topic
No spam. Unsubscribe anytime.
Hamilton County Council accepts BECCS Hybrids compliance statements for 2014 and 2019 tax abatements
Summary
Representatives of BECCS Hybrids told the council the company met performance targets for earlier tax abatement agreements; the council voted to combine and accept two compliance statements.
The Hamilton County Council voted to combine and accept compliance statements for BECCS Hybrids’ tax abatements tied to 2014 and 2019 agreements.
Bridal Fruitt, identified in the record as a representative of BECCS Hybrids, told the council the company had met its obligations under both abatements and that the 2019 abatement was at the point where only maintenance would remain. “I believe the first one, there were some underperformance. We shifted some capital projects to later, and we’ve more than over performed, on the second one to make up for that. So I believe we’ve, blown both matrixes out of the water,” Fruitt said.
Council members moved to combine the two compliance items and then voted to approve them. The minutes show the motion to combine and the motion to approve both passed with the council responding “Aye.” The transcript indicates this round of approvals completes the portion of the 2019 abatement that allowed further additions; from here the council recorded that future activity would be limited to maintenance.
The council did not specify in its discussion any change in abatement terms or total abated value on the record; no ordinance or statute citation was given during the compliance review.
