Board of Directors Regular Meeting Agenda
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Receive, consider and act upon approval of a tax abatement agreement between The Woodlands Township and The Woodlands Land Development Co. (Owner) and Kiewit Energy Group, Inc. (Tenant);
To be determined
On Monday, March 10, 2014, Montgomery County Commissioner’s Court approved a tax abatement agreement with The Woodlands Land Development Company, L.P. (Owner) and Kiewit Energy Group Inc. (Tenant) for certain property located within The Woodlands Township. The Township adopts a Tax Abatement Policy every two years to mirror the Montgomery County Tax Abatement Policy; the current policy was adopted by the Township Board on December 12, 2013.
The Woodlands Township does not consider granting tax abatements until a tax abatement has first been approved by the County. All tax abatement requests and related documentation are confidential until approved by the County.
Attached for your information is a memo from Tax Assessor J.R. Moore summarizing the proposal, which includes a copy of the approved Montgomery County abatement agreement; along with a draft Township abatement agreement. Also included is a copy of the Township’s current tax abatement policy which was approved by Township Resolution 020-13 on December 12, 2013.
Please note that the information included in the summary letter from J.R. Moore was revised slightly for the final agreement. In the case of a discrepancy between the summary and the approved Montgomery County abatement agreement, please refer to the approved agreement for the correct terms.
Board to determine action
Township Kiewit Abatement
Township Abatement policy
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