4. A. 2.
Commissioners Court - Regular
Tax Abatement Amendment No. 1 - M&G Resins Group
Tyner Little, Commissioners Court Admin
Commissioners Court Admin
Discuss and consider approval of Amendment No. 1 to the Tax Abatement Agreement with M&G Resins USA, LLC.
This amendment provides for the anticipated delay in completion of construction from 3 years to 5 years.
M&G Resins USA, LLC 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, and 70% abatement for 7 years after construction.
Information about available funds
Funds NOT Available:
Account Code(s) for Available Funds
Abatement Amendment No. 1
1295 Form M&G Resins
1295 Form M&G Waters
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