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Taylor TIRZ No. 2 board approves amended financing plan and first amendment to Samsung tax abatement; elects vice chair
Summary
The Tax Increment Reinvestment Zone No. 2 Board approved Resolution R25-22 to amend the 2025 project and financing plan and approved the first amendment to the tax abatement agreement with Samsung Austin Semiconductor. The board also formalized its vice chair role as the mayor pro tem.
The Tax Increment Reinvestment Zone No. 2 Board in Taylor unanimously approved Resolution R25-22 on a motion to adopt an amended and restated 2025 project and financing plan and to approve the first amendment to the tax abatement agreement between the City of Taylor and Samsung Austin Semiconductor. The board also voted to designate the mayor pro tem as the board’s vice chair.
The action came during a short special meeting in which staff presented background on recent changes involving the zone and the company. “This is the final stretch,” said Mister Laborde, a city staff member, describing the item as…
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