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Brookshire council adopts revised tax-abatement guidelines and authorizes letter of intent with Grundfos
Summary
Council held a required public hearing on tax-abatement criteria, adopted revised guidelines and authorized the mayor to sign a letter of intent with Grundfos to begin negotiating a reinvestment-zone tax abatement for new improvements.
The Brookshire City Council voted May 1 to adopt updated tax-abatement guidelines and later authorized the mayor to sign a nonbinding letter of intent with pump manufacturer Grundfos as the city begins a reinvestment-zone negotiation.
City staff opened a required public hearing on proposed guidelines to govern tax-abatement agreements under Chapter 312 of the Texas Tax Code. No members of the public spoke during the hearing on the guidelines. City attorney and staff said the guidelines are a procedural step required…
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