Conduct public hearing and consider and take possible action regarding the approval of Tax Abatement Agreements with FA Victoria I LLC, pursuant to Chapter 312, Texas Tax Code, on property owned by the Port of Victoria in Victoria County Reinvestment Zone

Staff Report & Agenda Item Details

Conduct public hearing and consider and take possible action regarding the approval of Tax Abatement Agreements with FA Victoria I LLC, pursuant to Chapter 312, Texas Tax Code, on property owned by the Port of Victoria in Victoria County Reinvestment Zone #2 for the construction of green ammonia facilities Phase I and Phase II with a capital investment of approximately $530,000,000 and $250,000,000 respectively, and take appropriate action.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.1/10). 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).