Court approves reimbursements for gas-line work and site improvements tied to Graphic Packaging and Waco Industrial Foundation
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Summary
The court approved reimbursement requests: Waco Industrial Foundation’s draw totaling $2,736,941.99 (county share $1,368,470.99) for gas-line improvements, and Graphic Packaging’s draw of $4,535,726.01 (county share $2,267,863) for rails and a traffic signal; staff verified documentation and recommended payment.
The McLennan County Commissioners Court on Dec. 2 approved two reimbursement requests tied to economic development projects.
Chris, representing the Waco McLennan County Economic Development Corporation, presented the second reimbursement request from the Waco Industrial Foundation for gas‑line improvements along Sheehy Parkway. The total reimbursement request was $2,736,941.99, of which the county’s portion is $1,368,470.99. Staff said the gas‑line work was completed and accepted by Atmos Energy and recommended payment.
Chris also presented the first and final reimbursement request for Graphic Packaging International. The company’s draw total was $4,535,726.01 (county portion $2,267,863) for completed rail improvements and a traffic signal at Sheehy Parkway and Bagby that staff verified per the agreement. Chris noted that Graphic Packaging began operations in October, which will accelerate the project’s return on investment by adding the facility to current tax rolls.
Both reimbursements were moved, seconded and approved by voice vote.