Taylor council approves amendments to Samsung agreements, carves Lindy Gas site from TIRZ
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Summary
At a special April 30 meeting, the City of Taylor approved two second amendments to agreements with Samsung Austin Semiconductor LLC that cap certain reimbursements, remove the Lindy Gas site from the city—s TIRZ #2, and open talks on a secondary water interconnect and treated wastewater reuse.
The City of Taylor City Council on April 30 approved two second-amendment agreements with Samsung Austin Semiconductor LLC, voting to authorize the mayor to execute a second amendment to a development review reimbursement agreement and a second amendment to the tax increment reinvestment zone (TIRZ) No. 2 economic development and Chapter 380 incentive agreement.
The action came after a brief public hearing and an executive session. Council members unanimously approved the motions, with Council Member Garcia moving and Council Member Anderson seconding each measure.
The amendments include a cap on the city—s reimbursement payments for inspection and plan-review fees tied to Samsung—s progress: the council described a maximum cap (referring to an upper figure of roughly $9,000,000) that could drop to about $5,000,000 if Samsung does not have at least $2,000,000,000 of equipment installed and commissioned at the facility by the end of 2026. The council said staff and Samsung negotiated the change to accelerate realization of fiscal benefits to the city.
Council members also said the agreements carve out certain site improvements for the Lindy Gas parcel from TIRZ No. 2. The mayor and council described the Lindy Gas site—s current taxable value as approximately $291,000,000; removing that parcel from the TIRZ means that taxable value would go to the city—s general fund rather than to the tax increment fund tied to the zone.
Mayor (title listed in meeting record) read prepared remarks after the votes, calling the amendments an "important step forward" that "strengthens our partnership with Samsung" and highlighting the reimbursement cap, the Lindy Gas carve-out and a Samsung letter of intent to work with the city on a secondary emergency water interconnect and on exploring reuse of treated wastewater for municipal purposes. The council said the water work is in early stages and described it as "forward-looking."
A single member of the public, Sandra Wolf of 1511 Frank Street, spoke during the hearing. Wolf thanked the council and said she sees Samsung as "a really good friendship neighbor," while urging the council to consider infrastructure and community impacts as negotiations continue.
Council members and staff emphasized that the amendments are intended to increase near-term fiscal benefits to the city, and that a separate tax abatement agreement will come before the council at a future meeting. The council noted no action was taken during the executive session and that any follow-up approvals (including the tax abatement) will be considered publicly at subsequent meetings.
The council adjourned the special meeting after the actions and remarks; the meeting record shows all five council members were present for the session.
