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AI- 5788   4. A. 7.    
Commissioners Court - Regular
Meeting Date: 12/17/2014  
Adopt Resolution Approving Tax Abatement Agreement - CCI Corpus Christi, LLC, (Castleton)
Submitted By: Tyner Little, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider adopting an order approving a temporary tax abatement agreement with CCI Corpus Christi, LLC, (Castleton), pursuant to Chapter 312 of the Texas Tax Code.
BACKGROUND
DISCUSSION
CCI Corpus Christi, LLC, (Castleton) will construct a new facility along the ship channel with an estimated added value of $300,000,000.  Approximately 35 permanent jobs will be created.  The proposed abatement is 100% duing construction with a maximum three (3) year construction period, followed by a 50% abatement for five (5) years.

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
Order Approving Abatement - Castleton
Abatement - Castleton
Castleton Application for Incentives
Notice Letter - Castleton

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