The Abatement RegisterCollege StationAgreement 0001595
Texas Chapter 380 / 381 agreement · College Station

FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC

Agreement 0001595, filed with the Texas Comptroller by CITY OF COLLEGE STATION, TEXAS.

$300,000,000committed capital investment
$4,881,903grant or incentive
10–90%of debt service and Shared Revenue abated
January 1, 2025performance deadline
The obligation

What the contract requires.

“COMPANY shall be fully operational by no later than January 1, 2025, subject to extension for Force Majeure.”Executed agreement, p. 4
“By the end of the third year following the date of Completion of Construction of the Improvements, COMPANY agrees that it will have created a minimum of 150 new FTEs”Executed agreement, p. 4
“combined total personal property and real property investment of approximately of three hundred million dollars ($300,000,000)”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“COMPANY shall reimburse CITY said amount as well as for any and all reasonable attorney’s fees and costs incurred by CITY”Executed agreement, p. 5

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 · debt service and Shared Revenue · p. 6

What was abated, and for how long.

90%First Year of Incentive Payments
80%Year 2
70%Year 3
70%Year 4
50%Year 5
50%Year 6
30%Year 7
30%Year 8
20%Year 9
10%Year 10

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.

FieldValue & quoted sourcePage
Granting bodyCITY OF COLLEGE STATION, TEXASCITY OF COLLEGE STATION, TEXAS, a home-rule municipal corporation organized under the laws of Texas1
Contracting entityFUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLCFUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC, a Texas limited liability company1
Parent / guarantorFUJIFILM Holdings America CorporationFUJIFILM Holdings America Corporation 200 Summit Lake Drives, Valhalla, NY 105959
InstrumentIncentive Payment“Incentive Payment” shall mean the payment(s) granted by CITY to COMPANY upon meeting certain performance criteria set forth in this Agreement.6
Governing chapterChapter 380, Local Government Codeand, WHEREAS, Chapter 380 of the Texas Local Government Code provides that Texas municipalities may create programs to promote local economic development;—
Capital investment$300,000,000combined total personal property and real property investment of approximately of three hundred million dollars ($300,000,000)3
Grant or incentive$4,881,903The total amount of Incentive Payments will in no event exceed a total of four million, eight hundred eighty-one thousand, nine hundred three dollars ($4,881,903)7
Jobs committed150 recital language, not a covenantBy the end of the third year following the date of Completion of Construction of the Improvements, COMPANY agrees that it will have created a minimum of 150 new FTEs4
Wage requirement$80,000with an average annual salary of eighty thousand dollars ($80,000) per job4
Square footage138,000 sq. ft.the new facility to be constructed on the Property will consist of an approximately 138,000 sq. ft. expansion1
Acreage12.45 acresProperty" means the real property comprised of approximately 12.45 acres more or less3
Performance deadlineJanuary 1, 2025COMPANY shall be fully operational by no later than January 1, 2025, subject to extension for Force Majeure.4
ExpirationDecember 31, 2036shall continue until the end of the 12" full calendar year following Completion of Construction (currently estimated to be December 31, 2036)8
Effective dateDecember 9, 2021This Economic Development Agreement (this "Agreement") is entered into as of the 9" day of December , 2021 (the “Effective Date”)1
SignatoryGerry FarrellGe rr Farrel | Printed Name: y12
Chain statusSuperseded by agreement 0012186—
How to check this page

Every line above is in the contract.

Agreement 0001595 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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