A Clay County based company with plans to expand received a promise of business assistance from the Henrietta Growth Corporation Monday night.
The HGC Board of Directors approved a performance-based agreement with Montz Pecan Company of Texas, Inc., owned by the Tim Montz family of Charlie, for the development of a gift shop and fuel stop to be located next to the Best Western Henrietta Inn and Suites on the southbound Hwy. 287 frontage road. The retail store will offer pecan products, fudge and pies, Texas-themed gifts and fuel for motorists.
According to the agreement, the HGC will give Montz Pecan Company 1.352 acres of land located west of the Best Western, valued at $22,713.68, and will pay $5,000 toward electric utilities to the lot, as well as provide an easement and dual access to the lot from Clayton Road to the west.
The HGC will assist the company in providing blue information signs through TxDOT’s LOGOs program on the north and southbound lanes of Hwy. 287 near the Spur 510 exit for two years. The business also will be included on a billboard advertising the City of Henrietta and Best Western for one year, to be paid for through hotel-motel tax revenues.
During construction, the HGC will spend up to $40,000 to pave a parking lot for the business. Henrietta Economic Development Director Rick Langford also will assist the business in applying for tax abatements from the City of Henrietta and Clay County.
In return, Montz Pecan Company will create 12 fulltime jobs within the first two years of operation, and have a personal investment in the business of $800,000. The business will also provide a temporary gravel drive connecting the lot with other available lots. As other lots are developed, each new businesses will be required to pave its own the stretch of the drive.
Montz Pecan Company already owns one retail location, The Pecan Shed of Wichita Falls. The company owns more than 500 acres of irrigated and dry land orchards and a pecan processing plant in the Charlie Community. The company was formed in 1978.
The HGC Board of Directors also approved a homebuilder agreement with EcoTex Construction of Wichita Falls and floor plan for the construction of a home in Western Estates. The board stipulated in the motion made that the agreement is only good if the company can get financing for the project.
Butch Obermier, formerly of Henrietta and owner of the company, gave a presentation of a building system in which EcoTex specializes. The building system uses Styrofoam blocks as forms for concrete walls. Once the walls set up, the foam blocks, made of recycled materials, acts as insulation. Walls are 10-inches thick and extremely energy efficient.
Obermier said that the Styrofoam and concrete homes can be fitted with a brick veneer to match other homes in Western Estates. Homes constructed in the housing addition are required to be at least 80 percent brick with a roof pitch of no less than 4 inches of rise for every 12 inches of span.
The roughly 1,500 square feet floor plan submitted by Obermier meets all requirements.
In the agreement, the HGC would deed a lot valued at $8,000 to EcoTex Construction with a stipulation that when the house is sold, a percentage of the selling price goes back to the HGC.
The HGC board also reviewed its budget for fiscal year 2013.