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Ward County creates CPV Basin Ranch reinvestment zone and approves related tax abatements
Summary
After a public hearing with no public response, the Ward County Commissioners unanimously created CPV Basin Ranch Energy Center Reinvestment Zone #1 and approved tax abatement agreements with CPV Basin Ranch, LLC and CPV Basin Ranch Capture, LLC.
Ward County's Commissioners' Court held a public hearing on the proposed CPV Basin Ranch Energy Center Reinvestment Zone #1 during its Sept. 23 meeting. The minutes record no public response during the hearing; the court closed the hearing and unanimously approved creation of the reinvestment zone.
The court then unanimously approved tax abatement agreements with CPV Basin Ranch, LLC and CPV Basin Ranch Capture, LLC. Motions and seconds were recorded in the minutes for each approval; all actions were adopted unanimously. The minutes do not include the abatement terms, dollar values, or performance conditions; those details are expected to be recorded in the formal abatement agreements and county records.
