The Texas-based travel center chain would get a 1% tax rebate for its first two decades, while taking on responsibility for new water and road infrastructure.
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The town of Palmer Lake has reached an agreement with Buc-ee’s on the details of their fiscal relationship, if the Texas-based company known for giant travel stores is allowed to build a new location at the top of Monument Hill off Interstate 25.
The terms of the annexation agreement could come to a vote of the town’s Board of Trustees on August 28. It addresses upgrades to the town’s water infrastructure, as well as needed road improvements and tax benefits and incentives related to the proposed development.
