The Sherman city council will hold a special called meeting at noon Friday at City Hall, 220 Mulberry Street, to discuss a Tax Increment Finance Zone among other things.
Information in the council’s agenda packet shows that the Tax Reinvestment committees of the city of Sherman and Grayson College met on Dec. 13 to discuss a request from J.P. Hart Lumber Co. for a tax abatement involving a project to invest $8 million in land and facilities and $1.6 million in personal property in Sherman. The taxable value of JP Hart’s current property is about $140,000. The project began, the information said, at the end of 2017 and is expected to employ 29 people by June 2018 and total of 37 people by the end of 2019.
In addition, the council will convene in executive session for consultation with the city attorney concerning pending or contemplated litigation.