Consider and take appropriate action on Ordinance O-34-25, an ordinance of the City Council of the City of Kaufman, Texas, approving the creation of Agile Cold Storage Reinvestment Zone located at 269 S.H. 34 Bypass, an addition to the City of Kaufman, Texas, according to the plat recorded in Volume 9014, Page 172 (Cabinet 4, Sleeve 517) of the Plat Records of Kaufman County, Texas, being 43.7570 acres, generally located at Rand Road and Highway 34. The site is located within Kaufman CAD Parcel

Staff Report & Agenda Item Details

As part of Agile Cold Storage’s decision to locate within the City of Kaufman, a five-year, 50 percent tax abatement on real property was offered to help offset project costs. The City, Kaufman County, and the Community College District each expressed their support for providing this assistance. To move forward with the abatement, the first step is to establish a reinvestment zone. This designation is required before any abatements can be granted and is separate from a tax increment reinvestment zone (TIRZ). Once the zone is created, other taxing entities that wish to participate may join the City, which will serve as the lead entity throughout the process. After the abatement agreement is fully executed, it will be filed with the appraisal district, which will apply the abatement annually to Agile Cold Storage for the duration of the approved term. This item simply creates the Agile Cold Storage Reinvestment Zone, which is inclusive of their 43.757 acre site. All reinvestment zones created last for a period of 5 years.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.3/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).