Hunt County Commissioners to vote on FEC abatement, Exchange Building lease amendments

Brad Kellar, The Herald Banner, Greenville, Texas
2 min read
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May 9—The Hunt County Commissioners Court intends today to approve a tax abatement agreement for a major expansion planned by Farmers Electric Cooperative (FEC).

The commissioners are also scheduled to sign off on new leasing agreements for the agencies operating inside the Paul Mathews Exchange Building during the meeting starting at 10 a.m. in the Auxiliary Courtroom, 2700 Johnson Street in Greenville.

The meeting will be open to the public and will also be streamed at on the county's web site at huntcounty.net

—Representatives with FEC appeared before the commissioners in January, to provide the details of the project

Brian Green, Senior Director of Engineering and Operations for FEC, said the utility has operated out of its headquarters in the 2000 block of Interstate 30 since 1963.

"Prior to that we were in downtown Greenville," he said.

While FEC is based in Greenville, it does not serve homes or businesses inside the city limits. Green said the company serves 88,000 meters in a 12-county area of North Texas.

As such, FEC is rapidly growing and plans to add 275 jobs by 2030.

Green said the proposed $35 million expansion would include three buildings on the current campus, including a new administration building.

General Manager Mark Stubbs said the plan had been to begin the construction in the first quarter of 2023 and he still hopes for that to happen.

The company is seeking a 10 year, 50% abatement on the added value of the property at the location. A public hearing on the proposal is scheduled prior to the vote during today's regular agenda.

—In separate votes, the commissioners are scheduled to approve lease amendments with the State of Texas for floors 2-3 and also floors 4-7 of the Exchange Building, whose tenants include the Hunt County Tax Assessor-Collector's Office, Department of Motor Vehicles Registration, Hunt County Veterans Services, Texas Department of Protective and Regulatory Services, Texas Department of Human Services, Workforce Solutions and the Greenville Board of Development.

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