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Votes at a glance: Abilene council approves collateral agreement, carries consent agenda; one abstention recorded
Summary
At the meeting the council approved a collateral agreement related to tax abatement, carried a consent agenda (items 4–13) and recorded an abstention on item 10. The council also recessed into executive session and later adjourned.
The Abilene City Council approved a collateral agreement with JPMorgan Chase related to a tax abatement assignment, carried its consent agenda (items 4 through 13) with one abstention on item 10, and recessed into executive session for attorney consultation and other matters.
Robert Hanna, presenting item 14, described a collateral agreement requested by Lansing LLC and Abilene DC 1 LLC that would allow a lienholder to receive the…
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