Osceola County supervisors heard a presentation from Summit Carbon Solutions on a proposed CO2 pipeline and a nearby carbon capture facility that the company says would affect roughly 1.1 miles of county land in the far southwest corner. JD Myers, a company representative, described landowner easement options including one‑time cash easement payments, an annual per‑foot stakeholder payment and a revenue‑share option that would pay landowners the same percentage return as project investors.
Myers said landowners would receive crop‑damage payments structured as 100% replacement in year one, 80% in year two and 60% in year three, and that the company will repair drainage tile or other impacts “for the life of the pipeline” when damage can be shown. He also said Summit offers a $500 one‑time payment to cover surveys and will provide 72‑hour notice and emergency‑responder training and equipment grants to counties on the route.
The company provided preliminary local tax estimates for the capture facility, saying it would produce roughly $580,000 annually in taxable value, with an estimated distribution of about $300,000 to schools, $27,000 to a community college, $12,000 to the township and roughly $247,000 to the county general fund. Myers said the facility would also create jobs at the capture site. He pointed supervisors to open houses and offered county staff a contact to review how the company calculated those estimates.
Supervisors asked several questions about how the project would be valued for property‑tax purposes and whether incentives such as tax increment financing could apply. Board members noted the parcel had previously hosted an ethanol plant and said local valuation rules and statutory limits on use of new evaluation could affect replacement tax or incentive treatment; Myers offered to connect the board with the staff who prepared the company's estimates for more detail.
Why it matters: The presentation gave supervisors a first look at potential local revenue, landowner compensation and emergency‑response supports tied to a pipeline project that crosses county land. Supervisors asked for more data on valuation and taxation before taking any formal action.
What’s next: Company representatives left contact information and materials for follow‑up; board members requested additional detail on the tax calculations and said they may refer further technical questions to county staff.