(9)(d)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 08/07/2019
- Title:
- Submitted By:
- Rhomari Jackson, City Secretary
- Department:
- City Secretary
Information
ACTION REQUEST (Brief Summary)
Requesting approval of Texas City Gulf Coast Reinvestment Zone No. 1 amendment to increase in size to include dock and a portion of OilTanking.
BACKGROUND
The City in May of 2017 created Texas City Gulf Coast Reinvestment Zone No. 1 to accommodate Gulf Coast Ammonia's project to build an Ammonia Plant at Eastman. The project has made changes to the original layout and includes additional partners that now include a dock and OilTanking facilities. The attachments depicts the locations of the amendments and an overall zone. The zone does not need to be contiguous as you will notice. The movement on the project is now moving more quickly. In addtion, the zone is needed for TCISD to grant its proposed Chapter 313 assistance in additoin to our Chapter 312 Tax Abatement and Chapter 380 payment in lieu of taxes. See attachments from the outside Law Firm of Nichols Law Firm for more details.