Consider and/or act on Tax Abatement Policy and Guidelines.

Staff Report & Agenda Item Details

Consider and/or act on Tax Abatement Policy and Guidelines. Vanessa Cardwell returned to the meeting. There were no changes proposed to the tax abatement policy and guidelines. A Few Tax Abatement Highlights: All applications requesting tax abatement from the District shall be considered on an individual basis with regard to both the applicant's qualification for abatement and the amount of the abatement. The Minutes of June 16, 2020 Page 3 of 12 vi vil Vul District has set a limitation value of Fifty Million Dollars ($50,000,000) on all projects to be considered for a tax abatement; meaning that only that value exceeding the limitation value will be considered as eligible for a tax abatement. The decisions of other taxing units, including the County, to grant or deny tax abatement do not bind the District, and the District shall evaluate all requests within the context of the District's management plan, rules, and statutory mandate, and the adopted policy. A nonrefundable payment to the Middle Pecos Groundwater Conservation District of Five Thousand and no/100 Dollars ($5,000) must accompany the application at the time of submission. Sunset Provision and Agreement Modification: Pursuant to Texas Property Tax Code, Chapter 312, these guidelines and criteria are effective upon the date of their adoption and will remain in effect for two (2) years. Janet Groth made a motion to approve the Tax Abatement Policy and Guidelines. Motion seconded by Weldon Blackwelder. Motion carried unanimously. Vote: 9 FOR. -0- Oppose. 2 Absent (Childs/Cooper). Briefing and take action as necessary regarding 7D area and continued Kent and Luna permit hearings. No new updates.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.2/10). 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).