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The City Council approved a tax abatement agreement covering an approximately 554-acre site that Rowan Temple, LLC is considering for one or more data centers or related facilities. The agreement can recapture abated taxes if the company materially defaults.
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The agreement reduces a percentage of future increases in taxable value for the designated property in exchange for requirements including legal compliance, annual certification, and possible repayment of abated taxes after a material default. Council also approved a five-year utility billing and customer information system contract estimated at $1,641,326. A first reading was approved to increase the certified police officer classification to 118 positions, while the minutes describe approved budget-related increases bringing fire captain positions to 27 and firefighter positions to 63.
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