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Council approves split tax abatements for Lansium leases; clarifies employee and default rules
Summary
The council approved amendments to previously authorized tax abatement agreements to assign separate abatement agreements per building for a multi‑building project; the amendments clarify employee counting, commencement dates and default responsibilities.
The Abilene City Council approved amendments Thursday to previously authorized tax abatement agreements tied to the multi‑building Lansium development, splitting the original package into individual abatement agreements per building.
City Manager Emily Crawford told the council the amendments reflect leases that have now been executed for each of the eight buildings. Crawford said the substance of the abatement—85% abatement of taxable value for new improvements and tangible personal property—has not changed from the…
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