Lone Star College System leaders will be negotiating a tax agreement with Enerflex Energy Systems Inc. over a property in the north Houston area after the college system’s board of trustees granted permission for negotiations on Nov. 5.
In a nutshell
The potential Payment-in-Lieu-of-Tax agreement was approved by LSCS trustees alongside a letter of non-opposition for Enerflex’s application for a Foreign Trade Zone, according to Nov. 5 LSCS meeting documents.
LSCS’s PILOT agreement with Enerflex would include payments of about $296,000—the same amount that the non-opposition letter for Enerflex would decrease LSCS’s tax revenue, said Kristy Vienne, LSCS vice chancellor of finance and administration, via email Nov. 6. Therefore, the agreement would result in no financial change for LSCS, she said.
Diving deeper
Enerflex is requesting to be included in the Foreign Trade Zone of an existing property located at 10815 Telge Road, Houston, according to meeting documents. The property falls within LSCS’s taxing boundaries.
