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Jan 28, 2025 · Related development

Council extends Plant-AS deadline to start construction to June 30, 2025, 5-0

The council voted 5-0 on Amendment No. 3 to the AEDC's 2023 incentive agreement with PLANT-AS-DNPS-003-02 LLC, extending the deadline to start construction, and to obtain permits, to June 30, 2025. The AEDC board had approved it 5-0 on January 15, 2025. It was the third amendment to the agreement.^[1]^[2]^[3]^[4]

Cole Stanley Josh Craft Don Tipps Tom Scherlen Les Simpson Amarillo Economic Development Corporation (AEDC)Plant AS (Plant-AS-DNPS-003-2)

What the sources say

✓ Verified
Amendment No. 3 recites the earlier documents: the agreement dated March 14, 2023, Amendment No. 1 dated October 6, 2023, Amendment No. 2 dated January 31, 2024 and a letter agreement dated February 15, 2024. It states that the company 'has requested an extension of the deadline to commence construction' and changes every reference to that deadline, in the agreement and in the deed, to June 30, 2025. Josh Craft moved and Don Tipps seconded; it passed 5-0.^[3]^[1]^[2]
✓ Verified
Amarillo Economic Development Corporation: In its 2023 annual report the AEDC stated that 'PLANT-AS is on track to break ground by the end of 2024' and projected (not results) $510 million in capital expenditure and more than 700 jobs in Amarillo.^[5]
✓ Verified
The council memo and the amendment do not say why the company asked for more time, and no fetched source gives a reason.^[2]^[3]

Related events

Temporary AEDC board declines to extend CVMR's construction deadline; grants Plant-AS six months, 5-0 Jan 15, 2025

Sources

1.Amarillo City Council Minutes, January 28, 2025 Regular Meeting — City of Amarillo, Mar 13, 2025 · retrieved Oct 10, 2026primarySubject-authored
2.Amarillo City Council Regular Meeting Agenda Packet, 2025-01-28 — City of Amarillo, Jan 28, 2025 · retrieved Oct 16, 2026primarySubject-authoredDate is the meeting date. Item 9.H memo: "The amendment would extend their construction commencement deadline to June 30, 2025"; "Permits must be obtained by the above deadline"; AEDC board approved 5-0 on 1-15-2025.
3.Amarillo EDC Board of Directors Agenda Packet, January 15, 2025 — Amarillo Economic Development Corporation, Jan 15, 2025 · retrieved Oct 16, 2026primarySubject-authoredDraft Amendment No. 3 (Project 176) recites the March 14, 2023 agreement, Amendment No. 1 dated October 6, 2023, Amendment No. 2 dated January 31, 2024 and a letter agreement dated February 15, 2024. The attached Modification of Deed says a special warranty deed to PLANT-AS-DNPS-003-2 LLC was executed "On or about February 15, 2024" and recorded as Instrument No. 2024OPR0001772 in Potter County.
4.Amarillo Economic Development Corporation Board of Directors minutes, January 15, 2025 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Feb 18, 2025 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
5.Amarillo EDC 2023 Annual Report — Amarillo Economic Development Corporation, Feb 28, 2024 · retrieved Oct 16, 2026primarySubject-authoredStance: favorable"published" is the upload date. States: "PLANT-AS is on track to break ground by the end of 2024" and gives a projected $510M in capital expenditure and more than 700 jobs in Amarillo.