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Montgomery County approves tax abatement for SoGo Properties’ $6.17 million expansion
Summary
The Montgomery County Commission on Sept. 2 unanimously adopted a resolution approving a tax abatement agreement with SoGo Properties, LLC, for a projected $6,172,937.50 capital investment; the packet and agreement describe abatements of noneducational ad valorem taxes, construction-related sales/use taxes, and mortgage/recording taxes, and the record contains inconsistent language about whether the ad valorem abatement is 10 or 20 years.
The Montgomery County Commission voted unanimously on Sept. 2 to adopt a resolution approving a Tax Abatement Agreement with SoGo Properties, LLC, for what the company describes in the packet as a $6,172,937.50 capital investment in an expansion to its existing facility. Commissioner Castanza moved to adopt the resolution; Commissioner Sankey seconded the motion, which carried with Commissioners Doug Singleton, Sankey, Vice Chairman Moore‑Zeigler and Castanza voting yes and Commissioner Harris absent.
The resolution and the attached Abatement Agreement state that the company sought and the county granted abatements for all noneducational ad valorem property taxes, county construction‑related sales and use taxes (subject to exceptions for taxes levied for…
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