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Anahuac ISD board approves CO2 underground storage lease, authorizes county judge to sign
Summary
At its Oct. 28 meeting the Anahuac ISD Board of Trustees voted 6–0 (1 absent) to accept a 21.121-acre carbon dioxide underground storage lease with OLCV Land Holdings, LLC and authorized the Chambers County Judge to sign the lease on the district's behalf.
The Anahuac ISD Board of Trustees on Oct. 28 approved a Carbon Dioxide Underground Storage Lease Agreement covering a 21.121-acre tract and authorized Chambers County Judge Jimmy Sylvia to execute the lease on the district’s behalf. The motion to accept the lease was made by Samantha Humphrey and seconded by Stacey Davis and passed 6–0 with one member absent (Michael Morehead).
The lease describes the tract in the T. and N. O. RR. Co. Survey, Abstract No. 245, and cites recorded instruments in the Official Public Records of Chambers County. The motion notes the lease is between Chambers County et al. (as lessors, which include Anahuac ISD and other local entities) and OLCV Land Holdings, LLC (lessee). The minutes do not include additional discussion about operational, environmental, or financial terms of the lease (terms not specified).
