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Commissioners move to terminate 2019 tax abatement for Monte Alto Windpower after company defaults
Summary
Cameron County staff recommended and the court approved termination of a Chapter 312 tax abatement agreement with Monte Alto Windpower LLC after the company failed to meet contract requirements, including filing required affidavits and making payment-in-lieu amounts.
Cameron County staff recommended, and the Commissioners Court voted May 20 to terminate a Chapter 312 tax abatement agreement with Monte Alto Windpower LLC, citing default on contractual duties.
Economic development staff said the original abatement was approved in September 2019 and amended in November 2020; the incentive…
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