· Context
Council finalizes Reinvestment Zone No. 24 and approves Sage Oil Vac incentive and tax abatement
The council adopted Ordinance No. 8130 on second reading, 4-1, with Josh Craft voting no. It then approved the AEDC's location incentive agreement with Sage Oil Vac, Inc. 5-0: up to $600,000 ($10,000 per job over five years) and 20 acres conveyed in two phases, for a $10 million manufacturing and distribution facility with 60 projected new jobs. A City–AEDC tax abatement agreement with Sage, 10% in year one, passed 4-1, with Craft voting no.[1][2]
Don TippsLes SimpsonTom ScherlenCole StanleyJosh CraftKevin CarterAmarillo Economic Development Corporation (AEDC)Sage Oil Vac, Inc.
What the sources say
- ✓ Verified
On second reading, Don Tipps moved and Les Simpson seconded to adopt Ordinance No. 8130. It passed 4-1: Cole Stanley, Don Tipps, Tom Scherlen and Les Simpson voted aye, and Josh Craft voted no. AEDC's Kevin Carter presented the item.[1]
- ✓ Verified
Under the location incentive agreement, approved 5-0 on a motion by Josh Craft seconded by Don Tipps, the AEDC provides $10,000 per job created, paid over five years, up to $600,000, and conveys 20 acres at Augustus Drive and Georgia Street to Sage in two phases. The memo values the land at $1,100,000 and lists $10 million in estimated improvements and equipment and 60 new employees projected. It notes that Sage then employed 75 people.[1][2]
- Incentive max
- $600,000
- Land value
- $1,100,000
- Investment
- $10,000,000
- Jobs projected
- 60
- Acres
- 20
- ✓ Verified
The tax abatement agreement among the City, the AEDC and Sage Oil Vac provides a 10% abatement in year one. The AEDC said it based that rate on the capital investment, job creation and the council's Comprehensive Guidelines and Criteria for Economic Development Incentives. The agreement passed 4-1 on a motion by Tom Scherlen, seconded by Les Simpson; Cole Stanley, Don Tipps, Tom Scherlen and Les Simpson voted aye, and Josh Craft voted no.[1][2]
- Abatement year one
- 10%
- ✓ Verified
Sage Mfg (company announcement): In an August 2026 company announcement, Sage Mfg, the new parent of Sage Oil Vac, said it 'has opened a new 20-acre headquarters and manufacturing campus in Amarillo' and put the investment at about $21 million. The announcement does not give the campus's address or mention the AEDC, so it does not by itself confirm that this is the Reinvestment Zone No. 24 site.[3]