AC Expected To Follow In County's Footsteps When It Comes To Abitibi - KTRE.com | Lufkin and Nacogdoches, Texas

08/26/05 - Angelina County

AC Expected To Follow In County's Footsteps When It Comes To Abitibi

by Jessica Cervantez

Angelina College is expected to follow in the county's footsteps when it comes to Abitibi's tax abatement agreement.

A special board meeting will be held on Monday to discuss the issue.

The board is expected to approve a letter to declare Abitibi in default in 120-days. That is if Abitibi is not up and running by the end of December. If that happens, then the tax abatement agreement would be cancelled and Abitibi would have to pay the 2004 and 2005 abated taxes.

The county filed a similar agreement earlier in the week.

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