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Second Modification of Tax Abatement Agreement with Freeport LNG Development L.P., and FLNG Liquefaction 4, LLC, in Brazoria County Reinvestment Zone No. 21-01, Approved March 23, 2021, Court Order 7.M.5, Modified August 9, 2022, Court Order 6.C.2.
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Whereas, on March 23, 2021, through Court Order 7.M.5, this Court approved a Tax Abatement Agreement for Freeport LNG Development L.P., et al in Brazoria County Reinvestment Zone No. 21-01;
Whereas, on August 9, 2022, through Court Order 6.C.2, this Court approved a Modification to Tax Abatement Agreement for Freeport LNG Development L.P., et al in Brazoria County Reinvestment Zone No. 21-01 that delayed the commencement deadline and the completion deadline;
Whereas, Freeport LNG Development, LP, et al. wishes to further modify the Tax Abatement Agreement as set forth in the Guidelines and Criteria of Brazoria County;
Whereas, Construction will be delayed and commence no later than December 31, 2029; and
Whereas, Freeport LNG Development L.P., et al. has requested a modification to make January 1, 2030, or the January 1st after construction commences if the construction commences prior to 2029, as the effective date of the Tax Abatement Agreement.
Therefore, the Court hereby approves the following actions:
The Court hereby approves entering into a second modification agreement reflecting the effective date of the Tax Abatement Agreement as January 1, 2030, or if construction commences prior to 2029, then the commencement date shall be the January 1st following the start of construction.
The County Judge is hereby authorized to sign the attached Second Modification.