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Council establishes RELLIS Reinvestment Zone No. 3; tax-abatement terms to return in December
Summary
The Bryan City Council voted unanimously to establish RELLIS Reinvestment Zone No. 3 under Texas Tax Code chapter 312. Staff said the designation is a statutory prerequisite to any tax abatement agreement; detailed abatement terms will return to council, tentatively Dec. 9.
The Bryan City Council unanimously approved an ordinance to designate RELLIS Reinvestment Zone No. 3, a step city staff said is required before the council can consider any tax abatement tied to a prospective business on the RELLIS campus.
City staff told the council the ordinance identifies the parcel(s) on the RELLIS campus…
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