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AI- 5369   4. A. 3.    
Commissioners Court - Regular
Meeting Date: 06/18/2014  
Adopt Resolution Approving Tax Abatement Agreement - Ticona
Submitted By: Tyner Little, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider adopting an order approving a variance and a temporary tax abatement agreement with Ticona Polymers, Inc., pursuant to Chapter 312 of the Texas Tax Code.
BACKGROUND
Celanese (Ticona) plans on building a methanol production facility on its existing Bishop property.  The amount of the facility is estimated to be $750,000,000.  Celanese (Ticona) has requested a tax abatement.
DISCUSSION

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
Ticona - Application for Incentives
Notice Letter
Ticona - Amended Request for Variance
Ticona - Order
Tax Abatement Agreement

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