City of Temple Reinvestment Zone Board Agenda March 2026
Tax Abatement Agreement Approved for East Penn Manufacturing
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Description
The Board approved a Tax Abatement Agreement with East Penn Manufacturing Co., granting a 50% abatement valued at approximately $1,770,000 over five years on property improvements at 5101 Wendland Road.
Contract Details
Contract Amount
Tax abatement estimated at $1,770,000 over 5 years
Vendor
EAST PENN MANUFACTURING CO
Agency
City of Temple, TX
Contract Type
OTHER
Document Date
March 25, 2026
Contract Term
5 years
Renewal Date
2031-03-25
Renewal Info
Agreement runs 5 years; subject to compliance and annual recertification per Texas Tax Code.
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