INEOS USA presented a $4 million tax abatement proposal for construction of Project Redstone to the Alvin Community College Board of Regents during their meeting on October 22.
The abatement would be for 100 percent of the property taxes over the course of seven years for the construction of a $460 million linear alpha olefins (LAO) plant along Chocolate Bayou. According to company representatives, construction could begin in the second quarter of 2016 and finish in mid-2018.
Once completed, the plant would produce up to 400,000 tons of LAO a year. Construction would produce up to 3,400 temporary jobs and plant operations would support 70 full-time positions.
“This is about further possibilities for our future,” said Peter Steylaerts, Redstone Project Manager.
According to ACC Board Policy no action was taken on the abatement proposal. Regents will consider voting on the proposal at a future meeting.
Also during the meeting, ACC Vice President of Instruction Dr. Cynthia Griffith and Vice President of Student Services Marilyn Dement presented information on the increase in Student Success points for ACC. The success points are an important factor of the college’s state funding level.
The points are based on several elements of student performance including their college readiness, first college-level course completion, attainment of college credits, credential awards and whether students transfer to four-year institution.
The points earned from those criteria are then calculated for a three-year average and applied to the state funding formula. ACC has seen a 12-percent increase in student success points over the past three years.
“We are functioning under a performance or outcomes based model,” Griffith said. “It is truly focused on student success.”
In other action, regents:
-received an update on the college’s accreditation reaffirmation five-year report
-received an update on strategic planning
-approved current grant applications
-approved hiring a support analyst for the BlackBoard online software platform
-approved monthly financial reports The board will have their next meeting on November 19 at 6 p.m. in the Nolan Ryan Center. For more information call 281-756-3500 or visit www.alvincollege.edu.