Department: Economic Equity and Opportunity
Department Head/Elected Official: Pamela Chan, Executive Director
Regular or Supplemental RCA:
? Regular RCA
? Supplemental RCA
Type of Request: Miscellaneous Section
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Participation (if applicable): N/A
Request Summary (Agenda Caption):
title
Request for approval of a Tax Abatement Assignment regarding the Merit Medical Systems Manufacturing Facility located at 14646 Kirby Drive, Pearland, Texas, in Precinct 1.
end
Background and Discussion:
County received a Tax Abatement Assignment request regarding the Merit Medical Systems Manufacturing Facility located at 14646 Kirby Drive, Pearland, Texas, in Precinct 1.
On October 11, 2011, Commissioners Court approved a Tax Abatement Agreement between Harris County and Merit Medical Systems, Inc. (Merit Medical), for construction of a new medical device manufacturing facility located at 14646 Kirby Drive, Pearland, Texas 77047.
On July 22, 2014, Commissioners Court approved an Assignment Agreement between Merit Medical and Pearland Medical L.L.C. ("Pearland Medical") whereby Pearland Medical agreed to assume all rights, titles and interest of Merit Medical under the Tax Abatement Agreement and whereby Merit Medical agreed to retain its duties and obligations of performance under the Tax Abatement Agreement and to remain a party to the Tax Abatement Agreement.
On October 24, 2017 Commissioners Court approved an Assignment Agreement among Pearland Medical, SE Pearland, DST, and Merit Medical whereby SE Pearland, DST agreed to assume all rights, titles and interest of Pearland Medical under the Tax Abatement Agreement and whereby Merit Medical agreed to retain its duties and obligations of performance under the Tax Abatement Agreement and to remain a party to the Tax Abatement Agreement.
Effective as of August 24, 2021, the transactions contemplated by the sale were consu...
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