4. A. 4.
Commissioners Court - Regular
Tax Abatement Agreement - M&G Resins Group
Vicki Keach, Commissioners Court Admin
Commissioners Court Admin
Discuss and consider adoption of resolution authorizing execution of agreement with M&G Resins USA, LLC, providing for a temporary property tax abatement.
M&G Resins USA, LLC has applied for a temporary property tax abatement for construction of their PET plants on the north side of the ship channel along the Joe Fulton Trade Corridor. The company will invest approximately $751 million in the project which will create 220 new positions. Under the agreement they would receive 100% abatement during the construction period (not to exceed 3 years), and 70% abatement for 7 years after construction.
Information about available funds
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Account Code(s) for Available Funds
No file(s) attached.
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