County to consider reinvestment zone

County to consider reinvestment zone

Matagorda County Commissioners set a public hearing for Monday, Jan. 10 at 10 a.m. to consider the adoption of an ordinance to nominate an area of the county to be designated as a reinvestment zone during Monday’s meeting of commissioner’s court.

To be eligible for tax abatement the owner must own taxable real property which is the subject of the tax abatement which is located within a reinvestment zone designated by the governing body of a municipality or the County in accordance with the Property Redevelopment and Tax Abatement Act and must enter into a written agreement with the County wherein the owner agrees to make specified improvements or repairs to the property and, if applicable, that such specified improvements or repairs to the property are being made in conformity with the municipality's comprehensive plan.

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