Peri Olefins isn’t bringing a plastics plant to Rock-dale’s industrial park and that means the city is giving back a $750,000 state grant.
City council members, meeting Monday in regular session, reimbursed about $15,000 to three firms who had already been doing work on the proposed building.
PLASTICS—The plant, which was to have the potential to make Rockdale a hub in the industry, was targeted for the park after Peri Olefins owner Haresh Sachithanandan signed an agreement with the city in August, 2017.
But Peri Olefins missed deadlines to sign an agreement with the Rockdale Municipal Development District for the MDD to issue $611,000 in municipal sales and use tax bonds to construct the building.
The city formally terminated the project Feb. 12.
By ending the project, and returning the state grant, that made the city liable for money already expended on preliminary work for the building.
Monday the council voted to return the following amounts: $2,717 to Alliance Geo-technical Group, $4,250 to BSD Engineers and $8,000 to Langford Community Management Services.
Earlier in Monday’s meeting, Kara Clore, MDD Executive Director, reported infrastructure activities not specific to the now-defunct Peri Olefins building.
She said water and sewer lines to the industrial park, on FM 487 just north of the city limits, have been completed and roads within the park will be the next project.
AMR PACT—Also Monday, Council members agreed to enter into an agreement with Milam County and the City of Cameron, to renew a contract with American Medical Response (AMR) when the pact expires, with no changes to current coverage.
- Log in or Subscribe to post comments.