Notice of Public Hearing
Notice is hereby given that the City Council of the City of Selma, Texas, will hold a public hearing to consider the designation of certain real property located within the corporate limits of the City of Selma as a Tax Abatement Reinvestment Zone pursuant to Chapter 312 of the Texas Tax Code. The City Council of Selma will consider and take possible action on a tax abatement agreement with Sonic Automotive, LLC and the designation of the listed properties for the tax abatement reinvestment zone.
The proposed reinvestment zone consists of approximately 16.115 acres of real property (the "Project Property"), consisting of the following:
Tract 1: Approximately 10.00 acres of land located in Guadalupe County, Texas, identified under Guadalupe Appraisal District Property Identification Nos. 36019 and 36022, having a street address of 9301 Corporate Drive, Selma, Texas 78154.
Tract 2: Approximately 6.115 acres of land located in Bexar County, Texas, identified under Bexar Central Appraisal District Property Identification No. 1115707, having a street address of 16656 N. I-35, Selma, Texas 78154.
The proposed designation is being considered in connection with an economic development project involving Sonic Automotive, Inc., and for the purpose of considering tax abatement incentives authorized under Chapter 312 of the Texas Tax Code.
The nature of the project, including improvements, is the construction of an integrated automobile dealership and related commercial redevelopment project with an estimated cost and investment by Sonic of approximately $30,000,000.00. The tax abatement reinvestment zone will be used to assist in financing approximately $200,000.00 of the project.
The Selma City Council will hold the public hearing on Thursday, October 8, 2026, at 6:30 p.m. at Selma City Hall, 9375 Corporate Drive, Selma, Texas 78154.
IPLSAE0163970
Refcode: #IPLSAE01639700
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IPLSAE0159980
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