Harris County Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-4852    Version: 1 Name:
Type: Contract - Award Status: Agenda Ready
File created: 9/7/2021 In control: Commissioners Court
On agenda: 9/14/2021 Final action:
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.
Attachments: 1. 21-4852 Tax Abatement.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
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...

Click here for full text