BCISD agrees to tax abatement

 

Following the lead of the county, the Bay City ISD Board of Trustees approved two separate applications for appraised value limitations for the Peyton Creek Wind Farm, LLC and Air Liquide Large Industries U.S. for the purpose of tax abatements.

The wind farm project received passage from the county commissioners last week to begin negotiations on the project and need the agreement from Bay City ISD as well.

This clears the first two steps needed by E.On, the wind farm owner, with the second step being working out the terms of the Chapter 312 property redevelopment and tax abatement agreement with Bay City ISD.

The reinvestment zone will allow E.On to operate the wind farm on the tract of land in the Bay City ISD school boundaries. The formation of the reinvestment zone now allows E.On to begin negotiations with Matagorda County on the wind farm. The project was tabled a year ago and brought back to the table after the reinvestment zone was scaled down to the parcel of land that will be used during this phase of the proposed project.

Richard Saunders of E.On spoke on behalf of the company looking to locate the smaller scaled wind farm in the reinvestment zone. 

“This agreements work very well for school districts and the Texas Comptroller’s Office has evaluated this project and has valued this at $42 million for Texas and more importantly $20 million for the county and the school district which would be Bay City ISD,” Saunders said.

Michael Ferdinand, executive director for the Matagorda County EDC, said the approval of the project would fair well for the county.

“They said they would employ 10 and when you add in all of our modifiers and multipliers to that you talking about the addition of 26 jobs to the county,” Ferdinand said. “This is going to have an incredible impact to our schools as well.”

In other board action, trustees approved the construction documents for the new Bay City High School football stadium, which is slated to open by next year’s football season. Francis Zordilla said during the meeting that the firm will present documents to the board in November for a guaranteed maximum price on the project.

Trustees also received a construction update on Bay City Junior High and Tenie Holmes Elementary. The Bay City Junior High is ahead of schedule according to Zordilla but the Tenie Holmes Elementary project is running “about two weeks behind of schedule because of all of the rain.”

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