The North Plains Groundwater Conservation District board met last Tuesday to discuss matters within the district.
The principal resolution at the meeting was the board’s vote to approve a tax abatement for a new wind energy project in Sherman and Hansford counties.
Mike Running, Executive Director for the Dumas Economic Development Corporation, gave a presentation on the advantages and disadvantages of political subdivisions granting property tax abatements for economic development. Tax abatements are limited to ten years, and they don’t include anything under the ground, only the property above ground.
According to Running, tax abatements allow flexibility on how to best capture tax proceeds and where to apply them. They also increase the community’s exposure to other leads as a “business-friendly” location.
After Running’s presentation, the board adopted formal guidelines and criteria for granting property tax abatements in the future. The board then approved and authorized the execution of the tax abatement agreement with Oslo on wind turbines and related facilities and equipment proposed to be constructed and/or installed by Oslo in the Sherman and Hansford County Reinvestment Zones.
Also during the meeting, NPGCD staff presented the board with the district’s 2016 annual report, which supports the district’s required management plan. A hard copy of the annual report can be picked up at the district office at 603 E. 1st St., Dumas, TX, or it can be viewed electronically at http://northplainsgcd.org/about-us/district-annual-report/.
(Press Release from North Plains Groundwater Conservation District)