Tax Abatement Public Meeting Notice

Notice of Public Meeting
on adopting a Tax Abatement Agreement by the Board of Trustees of McLennan Community College 

The College will be holding a public meeting for discussion and possible action on approval of a proposed tax abatement agreement as required by the Texas Tax Code, section 312.207.  Tax Abatement being considered: 

Owner:  Knauf Insulation, Inc.

Applicant:  Knauf Insulation, Inc.

Reinvestment Zone: McGregor Tax Increment Reinvestment Zone #1

Location of Reinvestment Zone: The property on which the improvements will be built is an approximately 170 acre tract located in the McGregor Industrial Park. 

Improvements:  Approximately 600,000 s.f. manufacturing plant and related warehouse facility.  Also, investment in a significant amount of manufacturing production equipment.

Capital Investment:  $194,700,000 or more in real property improvements and personal property additions.

Job Creation:  This project is expected to create a significant number of higher-paying jobs. 

The PUBLIC MEETING will be held on August 30, 2022, at 6:00 PM, located at: The Northwood House at McLennan Community College located at 1609 College Drive., Waco, TX 76708.  

All interested parties are encouraged to attend. 

K. Paul Holt,
McLennan Community College, Board of Trustees