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Council approves Plant-AS amendment and abatement, an Affiliated Foods incentive and a $1.1 million AEDC land sale, 5-0
In four 5-0 votes the council approved the AEDC's sale of about 20 acres at Folsom Road and Axiom Drive to Johnson-Knight Development, LLC for $1,100,000; Amendment No. 1 to the Plant-AS incentive, raising the land conveyed to 413.49 acres; a new 10-year tax abatement for PLANT-AS-DNPS-003-2 LLC starting at 100% and falling 10% a year; and a $500,000 incentive for 50 new Affiliated Foods jobs over five years.[1][2]
Cole StanleyJosh CraftDon TippsTom ScherlenLes SimpsonKevin CarterAmarillo Economic Development Corporation (AEDC)Plant AS (Plant-AS-DNPS-003-2)Affiliated Foods, Inc.Johnson-Knight Development, LLC
What the sources say
- ✓ Verified
Item 8.A, moved by Don Tipps and seconded by Les Simpson, approved the AEDC's sale of about 20 acres at Folsom Road and Axiom Drive to Johnson-Knight Development, LLC for $1,100,000.00 plus closing costs and authorized the AEDC to sign the contract. The AEDC board had recommended the sale 5-0 on June 26, 2023. The AEDC's FY2023 audit describes the site as 'the future site of a distribution project.' No fetched source reports what was built there.[1][2][3]
- Acres
- 20
- Price
- $1,100,000
- ✓ Verified
Item 8.B, Amendment No. 1 to the Plant-AS agreement, moved by Don Tipps and seconded by Josh Craft, passed 5-0. The memo states the AEDC will provide $3,750,000 for 750 new jobs over 10 years as they are created and convey 413.49 acres east of Folsom Road and north of 24th Street. It projected (not results) $500 million in improvements and equipment ($100 million in phase 1), 750 employees (100 in phase 1) and $37,500,000 in annual payroll for all phases.[1][2]
- Incentive
- $3,750,000
- Acres
- 413.49
- Projected jobs
- 750
- ⚠ Sources differ
Sources give slightly different values for the land conveyed to Plant-AS after the amendment.
- ✓ Verified
Item 8.C, moved by Tom Scherlen and seconded by Les Simpson, approved a 10-year tax abatement agreement among the City, the AEDC and PLANT-AS-DNPS-003-2 LLC, 100% in year one and falling 10% each year; it passed 5-0. The draft agreement refers to Reinvestment Zone No. 23, which Ordinance No. 8066, on second reading the same day, designated on about 413.49 acres east of Folsom Road and north of 24th Street.[1][2]
- Abatement years
- 10
- ✓ Verified
Item 8.D, moved by Les Simpson and seconded by Tom Scherlen, approved an AEDC location incentive agreement with Affiliated Foods, Inc.: $500,000 for 50 new jobs over five years, as they are created, for an expansion of its food distribution facility. The memo projected (not results) $30 million in improvements and equipment and $2,500,000 in added annual payroll. It passed 5-0; the AEDC board had approved it 4-0 on July 19, 2023.[1][2]
- Incentive
- $500,000
- Projected jobs
- 50
