Montgomery County commissioners will meet on March 25 to consider adopting a clean energy incentive plan, renaming a new library, and approving a tax abatement for a biopharmaceutical company.
At their next meeting today, March 25, Montgomery County commissioners will discuss implementing a clean energy incentive plan. They will also consider a tax abatement for a biopharmaceutical business moving to the area and renaming the South Montgomery County Community Center and Library.
The possible passage of the Property Assessed Clean Energy (PACE) Act is one of the main discussion topics. The program, which was first approved by the Texas Legislature in 2013, gives owners of commercial and multifamily residential properties access to long-term, affordable financing for improvements to their water and energy-efficient infrastructure.
Under the proposed resolution, Montgomery County would serve as a third-party intermediary between program participants and lenders, enabling sustainable energy upgrades free from direct financial commitments.
Commissioners will vote on naming the new South Montgomery County Community Center and Library, which is expected to be finished by the end of 2025, in addition to the sustainable energy project. The name change is intended to more accurately reflect the facility's function in assisting the expanding community.
Another item on the meeting's agenda is the approval of a tax abatement agreement with VGXI, Inc., a biopharmaceutical company growing its operations in Conroe. Commissioners will also decide on important issues and legislative objectives for the 89th Texas Legislature.
The meeting will be held at 501 N. Thompson St., Ste. 402 in Conroe on March 25 at 9:30 a.m. Locals can watch a live stream on the county website or attend in person.
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