Firewheel Wind Energy, LLC

Agreement 0001013, filed with the Texas Comptroller by Sherman County, Texas.

$7,309,440.00committed capital investment

100%of Eligible Property abated

June 30, 2023performance deadline

The obligation

What the contract requires.

“Owner agrees that the Project shall achieve Commercial Operations on or before June 30, 2023”Executed agreement, p. 6

“create no less than eight (8) new, permanent, full-time jobs”Executed agreement, p. 9

“capital investment of approximately seven million three-hundred nine thousand four hundred forty dollars ($7,309,440.00)”Executed agreement, p. 5

The repayment remedy

What happens if it is not met.

“As required by section 312.205 of the Texas Tax Code, if Owner fails to make the Improvements as provided for by this Agreement, subject to the above provisions regarding notice and right to cure, the County shall be entitled to cancel this Agreement and recapture property tax revenue lost as a result of this Agreement, less any PILOTs paid by Owner to the County, with interest accrued at the Prime Rate as of January”Executed agreement, p. 11

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · Eligible Property · p. 6

What was abated, and for how long.

100%10 years

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

Field	Value & quoted source	Page
Granting body	Sherman County, TexasSherman County, Texas (the “County”), acting through its duly elected officers	1
Contracting entity	Firewheel Wind Energy, LLCFirewheel Wind Energy, LLC, a Texas limited liability company	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Tax Abatement AgreementTax Abatement Agreement	1
Governing chapter	Chapter 312, Tax Code (property tax abatement)WHEREAS, the Commissioners Court of Sherman County, Texas (the “County Commissioners Court”) desires to promote economic development within its jurisdiction as authorized by the Property Redevelopment and Tax Abatement Act, as amended (Texas Tax Code § 312.001, et seq.), and the Guidelines;	—
Capital investment	$7,309,440.00capital investment of approximately seven million three-hundred nine thousand four hundred forty dollars ($7,309,440.00)	5
Grant or incentive	Not stated in the agreement	—
Jobs committed	8 a reasonable-efforts obligation, not a fixed commitmentcreate no less than eight (8) new, permanent, full-time jobs	9
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	Not stated in the agreement	—
Performance deadline	June 30, 2023Owner agrees that the Project shall achieve Commercial Operations on or before June 30, 2023	6
Expiration	Not stated in the agreement	—
Effective date	Not stated in the agreement	—
Signatory	Anthony PettyonsName: (/Anrhoay Peelyons	19
Chain status	Superseded by agreement 0006484	—

Parcels · p. 24

421155 · 421566 · 421483 · 421565 · 4211280 · 4211252

How to check this page

Every line above is in the contract.

Agreement 0001013 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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