The Sherman City Council held a public hearing Friday on the establishment of an Industrial Reinvestment Zone in response to a tax abatement request by J.P. Hart Lumber Co. for its planned operations in Progress Park III. No one spoke out at the hearing and the council approved the creation of the zone. The tax abatement agreement will be addressed at the council’s regular meeting on Jan. 2.
There is no cost to the city for creating the zone number 122017-01.
Council members didn’t discuss the creation of the zone much during the meeting and the vote was unanimous, though council member Shawn Teamann was absent from the meeting.
Hart Lumber, which provides building materials and supplies for residential and commercial building work throughout Texas, is planning a $5.5 million to $6.5 million facility investment and up to 37 new jobs as part of the first phase of its expansion to the city.
The Sherman Economic Development Corp. board approved a $510,000 incentive agreement for Hart Lumber in June and the company closed on its purchase of 30 acres along Progress Drive in July, but the two entities have been working on plans for the expansion since November 2015.
Headquartered in San Antonio, Hart Lumber provides building materials and supplies for residential and commercial building work throughout Texas. The new facility in Sherman will be Hart Lumber’s sixth plant in Texas as it currently serves the Dallas-Fort Worth, Austin, San Antonio, Houston and Rio Grande Valley areas.
Herald Democrat Managing Editor William C. Wadsack contributed to this report.