Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Abatement topic
No spam. Unsubscribe anytime.
Titus County declares intent to participate in tax abatement agreements
Summary
The Commissioner's Court unanimously adopted a resolution July 27 declaring Titus County eligible to participate in tax abatement agreements; Economic Development Corporation staff said the move is a first procedural step tied to a potential project referenced in the meeting as 'Lumens' or 'Illumin's' Corporation.
Titus County Commissioner’s Court voted unanimously July 27 to adopt a resolution declaring the county eligible to participate in tax abatement agreements, a procedural step county economic development staff said is required before offering abatements to qualifying projects.
Kevin Carter of the county Economic Development Corporation told the court this resolution is "the first step" in a multi-step process and that the EDC will cover the associated legal fees. Carter said the vote is not specific to a single company, but that it is being taken because "we've got [a company] that's coming up." The meeting transcript refers to that prospect as “Lumens” and, elsewhere, “Illumin's” Corporation; the court record does not supply a consistent, definitive company spelling.
Judge and commissioners framed the resolution as a forward-looking, county-level decision that creates the ability to negotiate 312 agreements (tax abatements) when and if qualified applicants apply. The resolution passed on a motion made and announced by the court and carried unanimously.
The next steps, as outlined during discussion, include drafting criteria and guidelines for abatements and returning to the court for further procedural approvals before any individual abatement is granted. The EDC representative said commissioners should expect additional appearances from EDC staff over the coming weeks as the county completes the remaining steps of the process.
