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Commissioners hear tax-abatement request from ROE Futures LLC for new Centex Park facility

Scurry County Commissioners Court · September 17, 2024
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Summary

ROE Futures LLC sought a multi-year tax-abatement for a new 7,300-sq-ft shop-and-office project at Centex Park valued at about $750,000; commissioners discussed matching the city’s 10-year tenure and stepped percentage schedule but no formal vote appears in the transcript.

The Scurry County Commissioners Court opened a public hearing on a tax-abatement application from ROE Futures LLC for a new office and mechanic shop at Centex Park and discussed whether to align the county’s abatement schedule with the city’s practice. County staff described the project as a 2,500-square-foot office and a 4,800-square-foot shop with a projected post-construction value of about $750,000.

Commissioners and attendees questioned the applicant’s projected job numbers and the proposed payment schedule. One official outlined a stepped abatement the county could offer: “first 4 years at 100, next 4 years at 90, and next 2 at 30,” and noted the county typically follows the city’s tenure decisions. Members stressed that any county approval should be contingent on the city’s final action because the city’s timeline and terms could affect county obligations.

Speakers also debated whether the abatement schedule should favor smaller local businesses to encourage growth; one speaker said smaller projects need assistance to get established, while others pressed for clarity on the estimated jobs and taxable values after the abatement expires.

The hearing was closed for discussion and consideration. The transcript records discussion of a motion’s terms but does not include a formal recorded vote or final outcome on the ROE Futures agreement.