Childress County TX tax abatement - 30 Day Notice Amended and Restated Agreement with Iris Energy (October 14, 2024)

NOTICE OF TAX ABATEMENT CONSIDERATION

CHILDRESS COUNTY COMMISSIONERS COURT
DATE: October 14, 2024 TIME: 9:00 A.M.

PLACE: Childress County Courthouse, 100 Avenue East NW, Childress, Texas

PURPOSE: The Childress County Commissioners Court will discuss and take possible |action
regarding Amended and Restated Tax Abatement Agreements with Property Owner, pursuant to

Chapter 312 of the Texas Tax Code.

Property Owner and Applicant (“Property Owner”) for Tax Abatement: IE US Development

Holdings 3 Inc., IE US Hardware ] Inc., IE US Hardware 3 Inc. and IE US Hardware 4 Inc.

Proposed Reinvestment Zone: Iris Energy Reinvestment Zone #2

Property in Proposed Reinvestment Zone: See attached map and legal description provided in

Exhibit “A” attached hereto and incorporated herein for all purposes.

Anticipated Improvements: The general description of the nature of the improvements included in

the agreements is as follows:

Property Owner anticipates building and operating a proprietary data center and other electrical

infrastructure related to the mining of Bitcoin.

Summary of Proposed Amendments:

Tax Abatement Agreements were entered into with Property Owner for Phase 2 and Phase 3 for a
Project located in the Iris Energy Reinvestment Zone. The Property Owner has purchased additional
property adjacent to the Iris Energy Reinvestment Zone. The Amended and Restated Tax Abatement

Agreements for Phase 2 and Phase 3 would reference the new Iris Energy Reinvestment Zone #2
make other agreed upon changes.

Estimated Cost of the Improvements: The estimated cost of the total improvements |
contemplated by Property Owner is approximately $1,400,000,000.00

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FOR DETAILED INFORMATION OR QUESTIONS CALL COUNTY JUDGE’S OFFICE AT

(806) 937-2221.

CERTIFICATION

I certify that the above Notice of Tax Abatement Consideration was posted on the bulletin board

exterior door at the Courthouse Pe ot Childress County, Texas, at a place readily accessible to the

general public at all times on the ay of September, 2024, and pursuant to Texas Tax Code 312

and

207

and Chapter 551, Texas Government Code, said Notice remained so posted continuously for at least

30 days preceding the scheduled time of said Meeting.

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County Judge, Childress County, Texas

Ki ra Jongs /


Kimberly Jones
County Judge, Childress County, Texas

Exhibit “A”

LEGAL DESCRIPTION AND MAP OF
IRIS ENERGY REINVESTMENT ZONE #2

Iris Energy Reinvestment Zone #2 is comprised of the following real property. In the event of
discrepancy between this Exhibit “A” and the attached map, this legal description shall control;
provided however, the Iris Energy Reinvestment Zone #2 shall in no way be deemed to include
any portion of any municipality.

Tract I:

416.083 acres of land out of Section 421, Abstract 208, Block H, W & NW Ry. Co. Surveys,
Childress County, Texas.

Tract II
The West One-Half of the Northwest One-Quarter (W/2 or NW/4) of Section Four Hundred
Twenty-one (421) in Block H of the Waco & Northwestern Railway Company Survey in
Childress County, Texas.

Tract IIT
A 80.12 acre tract of land situated in Section 421, Block H, W&NW RR Co Survey, Abstract No.
208, Childress County, Texas. Being all of that certain called tract as described in a deed from
Doris Collins as Trustee of the Lola S. Collins Revocable Trust Dated November 28, 1994, to
Doris Collins and Druena Collins Lock, Dated August 29, 2013, recorded in Volume 508, Page
440, Official Public Records, Childress County, Texas and described more particularly by metes
and bounds as follows:

Beginning at a %” iron rod (set with cap marked “PATRIOT SURVEYING”) in the North
boundary line of Section 421, from which a mag nail (found) at the Northwest corner of Section
421 bears North 89° 41’ 01” West, a distance of 1318.45 feet;

THENCE South 89° 41° 01” East, for a distance of 1318.45 feet, with the North boundary line of
Section 421, to a %” iron rod (found) at the Northwest corner of that certain called 416.083 acre
tract as described in instrument number 202100858;

THENCE South 00° 49’ 34” West, for a distance of 2645.92 feet, with the West boundary line of
the above mentioned 416.083 acres tract and with the West boundary line of that certain called
20.288 acre tract as described in instrument number 2022000424, to a %” iron rod (found) in |the
West boundary line of the above mentioned 20.288 acre tract, and at an interior ell corner of said
416.083 acre tract, from which a 5/8” iron rod (found with cap marked “STANTEC”) at ithe

Northwest corner of said 20.288 acres tract bears North 00° 49° 34” East, a distance of 399|45
feet;


EXHIBIT A (CONTINUED)
MAP OF
IRIS ENERGY REINVESTMENT ZONE #2

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COLUNS DORIS ‘
& DRUENA DEVELOPMENT
COLLIS LOCK False HOLDINGS 3 INC

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