NOTICE OF PUBLIC HEARING ON CREATION OF A TAX INCREMENT REINVESTMENT ZONE
The City of Midlothian City Council will hold a public hearing on April 27, 2021 at 6:00 p.m. at City of Midlothian City Hall located at 104 West Avenue E, Midlothian, Texas 76065, on the creation of a tax increment reinvestment zone and its benefits to the City of Midlothian and to provide a reasonable opportunity for any owner of property within the proposed zone to protest the inclusion of their property within the proposed zone, which proposed reinvestment zone contains approximately 966.515± acres of land generally located north of Highway 287, and east of South Walnut Grove Road, and being wholly located within the corporate limits of the City of Midlothian, Texas. A map depicting the boundaries of the proposed zone, and a preliminary project and finance plan are available in the office of the City Secretary at 104 West Avenue E, Midlothian, Texas 76065, and is available for public inspection. At the public hearing, any interested person may speak for or against the inclusion of property within the proposed zone, the creation of the proposed zone, its boundaries and/or the concept of tax increment financing. Following the public hearing, the Midlothian City Council will consider adoption of an ordinance creating the tax increment reinvestment zone and other related matters.
CONSIDERATION OF A TAX ABATEMENT AGREEMENT FOR PROPERTY LOCATED IN THE CITY OF MIDLOTHIAN, TEXAS
The City Council of the City of Midlothian, Texas (the "City"), following creation of Midlothian Commercial-Industrial Tax Abatement Reinvestment Zone Number 16, in the City of Midlothian, Texas, will consider entering into a tax abatement agreement, as follows:
1. The name of the property owner is TXI Operations LP and the applicant for the tax abatement agreement is SunOpta Grains and Foods Inc.
2. The name of the reinvestment zone shall be Midlothian Commercial-Industrial Tax Abatement Reinvestment Zone Number 16 and the location is the southeast corner of Power Way and Brookhollow Drive in the RailPort Business Park, City of Midlothian, Ellis County, Texas, being approximately 30 acres.
3. The improvements to be included in the tax abatement agreement generally consist of an approximately 400,000 square foot building to be used primarily for manufacturing.
4. The estimated costs of the improvements are $200,000,000.
Pursuant to the Texas Open Meetings Act (the “Act”), the City will consider approval of the tax abatement agreement at 6:00 p.m. on April 27, 2021 in the City Council chambers in the City Hall, 104 W. Avenue E, Midlothian, Texas.
This notice shall remain continuously posted for at least 30 days prior to the meeting and shall be posted in the same manner as required by the Act for a City Council meeting.