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Crockett grants 30-day extension to Lincoln Lumber after notice of default
Summary
Council approved a 30-day extension to the cure period in the Lincoln Lumber tax abatement and incentives agreement to allow the company to meet with counsel and present additional information after a closure at the Crockett site and a city's notice of default.
The City of Crockett granted Lincoln Lumber a 30-day extension to the cure period under its tax abatement and incentives agreement after the city issued a notice of default following the company's closure of its Crockett site.
City staff told council Lincoln Lumber acknowledged the closure and the default but has asked for time to meet with legal counsel and the city's commissioners to present…
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