Public hearing set for Monday
The Como-Pickton Consolidated Independent School District board is making the final step in approving the solar farm tax incentives this coming Monday, June 8 at 6 p.m., according to the school.
The project boundaries cover an area of 1,853 acres, according to board documents. The school first created a tax reinvestment zone in a May 29 vote to be in line with state tax code, and now will hold a public hearing on June 8.
Attendees at the previous May 29 meeting did not offer any comments.
If approved, the $285 million deal with company Telios would move forward, according to the school’s legal counsel, although Telios had originally wanted to begin construction in April 2020.
Telios pledged yearly supplemental payments amounting to roughly $74,000 to the school for a 10-year period in addition to paying taxes on the property’s value, according to the school’s lawyer.