FINANCIAL_SERVICESAPPROVED

St. Landry Parish Council Minutes 2026-04-08

Council Approves Wal-Mart Distribution PILOT Agreement

$276,000,000.00 investment referenced; parish expects about $400,000/year beginning with 2027 taxable yearSt. Landry ParishWAL-MART STORES EAST LPApril 8, 2026

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Description

The St. Landry Parish Council approved a Payment in Lieu of Tax Agreement and related Lease and Purchase Agreement with Wal-Mart Stores East, LP for a planned $276 million investment at the Wal-Mart distribution facility. The deal provides a partial ad valorem tax abatement in exchange for fixed annual PILOT payments projected to generate roughly $400,000 per year for the parish over a 10–12 year term.

Contract Details

Contract Amount

$276,000,000.00 investment referenced; parish expects about $400,000/year beginning with 2027 taxable year

Vendor

WAL-MART STORES EAST LP

Agency

St. Landry Parish, LA

Contract Type

FINANCIAL_SERVICES

Document Date

April 8, 2026

Contract Term

Pilot Agreement term referenced as 10–12 years, with payments starting when construction begins, expected 2027–2037/2039

Renewal Info

PILOT payments will be set as fixed annual amounts rather than percentages, with a provision to revisit and adjust the payment schedule after 10–12 years based on whether Wal-Mart’s actual capital investment meets or differs from the anticipated $276 million. Agreement includes audit clauses to verify investment levels and reported values.