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DeSoto Parish committee authorizes tax‑incentive agreement for proposed Stonewall grocery store
Summary
An administrative resolution authorizing a payment‑in‑lieu‑of‑tax agreement for a proposed grocery store in Stonewall was approved by the committee; presenters said the store is projected to create about 45–54 full‑time jobs and would receive a 50% property tax abatement over 15 years and construction sales‑tax exemptions.
A DeSoto Parish administrative committee voted to authorize the president to sign a payment‑in‑lieu‑of‑tax (PILOT) resolution tied to a proposed grocery store project, the committee reported.
During an administrative briefing, a staff presenter described the request as a term‑sheet arrangement with the Northwest Louisiana Finance Authority that would provide construction sales‑tax exemptions and a 50% property‑tax abatement over 15 years. The presenter said the company is headquartered in Springdale, Arkansas, and estimated the new store would create roughly 45 to 54 full‑time jobs.
Committee members asked for clarification on who receives the tax break and how long the abatement lasts. One juror asked, “That mean that we'll be giving him a tax credit,” and staff confirmed the term sheet allocates a property‑tax abatement tied to the project and a sales‑tax exemption for the construction portion. Staff further contrasted this package with a previous project (referred to as “seamless”), noting the seamless project had a larger property‑tax abatement percentage and longer term.
A motion to authorize the resolution was made and seconded and the motion passed during the administrative session. No public roll‑call vote listing juror names was recorded in the transcript; the committee recorded the motion as passing.
The administrative meeting was then adjourned and the body moved into the Budget & Finance Committee meeting for the evening. The PILOT authorization is a procedural step to allow the parish president to execute the term sheet pending any additional requirements or further documentation.
