Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Collections topic
No spam. Unsubscribe anytime.
Council agrees to allow split repayment for taxes tied to terminated abatement for local manufacturer
Summary
Councilors directed staff to permit Arrow Machine Inc. (formerly T and K Machine) to repay taxes from a terminated abatement in two installments (April and October) rather than the originally scheduled months, to support the company's capital planning and job growth.
The council discussed collections tied to a terminated tax abatement for Arrow Machine Inc. (formerly T and K Machine) and directed staff to work with the appraisal district on an alternative repayment schedule.
Staff said the company owed less than $10,000 after abatement termination and proposed invoicing in two installments. Staff reported the company had recently added five employees and was purchasing capital equipment; company representatives asked for the April/October split so they could plan capital improvements and grow locally. Councilmembers expressed support, noting the modest budget impact and the potential for job retention and growth.
There was no formal motion recorded; the council agreed to direct the city attorney and staff to allow the alternative repayment schedule and process the invoices accordingly. City staff (Steph) and a representative mentioned as Lane Miller were present in support.
Next steps: staff will coordinate with the appraisal district and the city attorney to finalize the repayment schedule and invoice the company in the agreed installments.
