Freestone County commissioners approved two new tax abatement agreements for solar facilities and made changes to two others, including splitting one into two. Those decisions were made during the court’s Dec. 18 meeting.
Public hearings on tax abatement agreements
Attorney Mike Dixon conducted hearings on several solar power companies, including: 1. Greenalia Solar Power Ratcliff LLC relating to solar power facilities and equipment. Dixon said the Greenalia facility is an 85-megawatt AC solar generation facility, on approximately 459 acres, and is in Reinvestment Zone #7. It is within the Oakwood Independent School District with projected capital investments of approximately $88.88 million. The yearly Payment in Lieu of Taxes will be 76,891. They will pay an approximately $10,000 upfront payment, which will be due when the tax abatement is fully executed by both sides.
