By Alicia Lacy
The Cove Herald
New businesses will soon find its way to Coryell County.
The Coryell County Commissioners Court held a public hearing on and later approved a 15-acre reinvestment zone and a tax abatement agreement with Design Chemicals LLC at Monday's meeting.
The latest approval is part of wider county plans to foster economic growth and bring jobs to the area.
The court expressed its interest in a tax abatement program to attract new business and industry to the county during a meeting late October, and county officials adopted tax abatement guidelines Nov. 23.
The 15-acre zone where Design Chemical's business, Attic Breeze will relocate will be at 1370 Farm-to-Market Road 116. The reinvestment zone is effective immediately and set to expire in five years.
A 15,000-square-foot facility is set to be built on the tract of land for a manufacturing and sales facility with an estimated $568,000 building improvement cost. During the Nov. 9 meeting, Travis Hipp, president of Attic Breeze LLC, spoke to the court about Attic Breeze and Texas Solar Supplies relocating from their home bases near Houston to the Gatesville area.
County Judge John Firth said the tax abatement is just a property tax inducement, but the company will generate approximately
$50,000 a year.
Firth said the primary reason for the county's tax abatement is to bring jobs to the area.
Hipp said Attic Breeze, which specializes in solar attic fans and ventilation products, will employ a minimum of 10 people and Texas Solar Supplies will initially hire three and expand to eight by the end of 2010.
Hipp requested a five-year tax exemption from the court and afterward phasing the exemption out year-by-year for five years.
The abatement will extend for seven years beginning Jan. 1, 2011 at an amount equal to 90 percent the first year and a 10 percent decrease each subsequent year of the taxes assessed.
Firth said the county's tax abatement will put the county in a state database that lets potential businesses search counties that have entered into tax incentive agreements and hopefully encourage more businesses to come to the area.
In other business:
received an update on the status of H1N1 vaccinations in the county,
authorized a joint primary between the Tax Assessor and Collector and the county Democratic and Republican parties,
temporarily appointed Willis Ament, W.B. Maples and Bob Meharg to represent the county on the board of directors for the Middle Trinity Groundwater Conservation District Board,
approved a letter to the Brazos Region G Water Planning Group and Texas Water Development Board to recommend the county be a site for a future off-channel surface water reservoir,
approved a drafted county Flood Plain ordinance and
voted to end the county's contract with West legal services.
Contact Alicia Lacy at email@example.com or (254) 501-7476.