Fort Worth City Council Meets at 6 p.m. March 1, March 8, March 22 MEETINGSWE COVER
Project tax abatement approved
BY STEPHEN HUNT
200 Texas St., Fort Worth www.fortworthtexas.gov Keller City Council
contract the company has with General Motors, documents show. As part of the agreement with Fort Worth, MP Materials will invest $40 million in construction at the site by Dec. 31, 2023, and bring an additional $60 million in business personal property to the project. The company will also create at least 30 full-time jobs at the start with an average annual salary of more than $80,000 with the potential for more than 90 jobs at full operation, according to city documents. The tax abatement for real and business personal property at the site is capped at $2.76 million, per the agreement.
FORTWORTH City Council approved a seven-year tax abate- ment agreement with Las Vegas- based MP Materials Corp. for a 200,000-square-foot magnetics manufacturing facility. The measure was unanimously approved at the Jan. 25 council meeting. “To facilitate the project, the city of Fort Worth wishes to enter into a tax abatement agreement with the company based on a proportion of the incremental value of business personal property at [the] project site,” said Kelly Baggett, innovation coordinator with the city’s Economic Development Department. The project’s centerpiece is the manufacturing facility that will be constructed in the AllianceTexas development at 13840 Independence Parkway. When nished, this plant will produce enough magnets to power about 500,000 electric vehi- cles per year as part of a long-term
Meets at 7 p.m. March 1, March 15 1100 Bear Creek Parkway, Keller www.cityo eller.com Roanoke City Council Meets at 7 p.m. March 8, March 22 500 S. Oak St., Roanoke www.roanoketexas.com Westlake Town Council Meets at 5 p.m. Feb. 28, March 7, March 28 1500 Solana Blvd., Bldg. 7, Trophy Club Town Council Meets at 7 p.m. March 22 1 Trophy Wood Drive, Trophy Club www.trophyclub.org Denton County Commissioners Court Meets at 9 a.m. March 1, March 8, March 15, March 22, March 29 1 Courthouse Drive, Denton www.dentoncounty.gov Ste. 7200, Westlake www.westlake-tx.org Tarrant County Commissioners Court Meets at 10 a.m. March 1, March 8, March 15, March 22, March 29 100 E. Weatherford St., Fort Worth www.tarrantcounty.com
Elections will be May 7. (Bailey Lewis/ Community Impact Newspaper)
Trophy Club calls special elections
BY BAILEY LEWIS
TROPHY CLUB Town Council approved holding elections on May 7 to renew the crime control and prevention district and street maintenance tax. The rst measure will ask voters to reauthorize the crime control and prevention district and its 0.25% sales-and-use tax for another 20 years. Voters will also be asked to renew the street maintenance 0.25% sales- and-use tax for 10 more years.
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KELLER ROANOKE NORTHEAST FORT WORTH EDITION • FEBRUARY 2022
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