The Abatement RegisterMcLennanAgreement 0001869
Texas Chapter 380 / 381 agreement · McLennan

ZINKPOWER-WACO LLC

Agreement 0001869, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

$18,000,000.00committed capital investment
$700,000.00grant or incentive
100permanent jobs committed
December 31, 2023performance deadline
The obligation

What the contract requires.

“ZINKPOWER has created and filled at least 100 new full-time jobs by December 31, 2023”Executed agreement, p. 2
“ZINKPOWER has created and filled at least 100 new full-time jobs by December 31, 2023”Executed agreement, p. 2
“ZINKPOWER will invest no less than $18,000,000.00 in total real property improvements”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“ZINKPOWER shall make a repayment of all of the grant funds actually received upon sixty (60) days written demand by WMCEDC.”Executed agreement, p. 4

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 · $7,000.00 per job

What was abated, and for how long.

—first grant year
—applicable grant year

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 bodyWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATIONPROGRAM PROJECT AGREEMENT BETWEEN WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION AND ZINKPOWER-WACO LLC1
Contracting entityZINKPOWER-WACO LLCPROGRAM PROJECT AGREEMENT BETWEEN WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION AND ZINKPOWER-WACO LLC1
Parent / guarantorZINKPOWER-USA Inc.ZINKPOWER-WACO, a wholly owned subsidiary of ZINKPOWER-USA Inc.12
InstrumentPROGRAM PROJECT AGREEMENTTHIS PROGRAM PROJECT AGREEMENT (hereinafter “Agreement”)1
Governing chapterNot stated in the agreement—
Capital investment$18,000,000.00ZINKPOWER will invest no less than $18,000,000.00 in total real property improvements2
Grant or incentive$700,000.00WMCEDC agrees to provide grant funds of an amount not to exceed Seven Hundred Thousand Dollars ($700,000.00)1
Jobs committed100ZINKPOWER has created and filled at least 100 new full-time jobs by December 31, 20232
Wage requirementtwelve dollars ($12.00) per hourprovides a minimum base wage of no less than twelve dollars ($12.00) per hour2
Square footage111,841 sq. ft.The proposed building is an 111,841 sq. ft. manufacturing facility12
Acreage48.275 acresto be built on approximately 48.275 acres1
Performance deadlineDecember 31, 2023ZINKPOWER has created and filled at least 100 new full-time jobs by December 31, 20232
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryTim PendleyAttention: Tim Pendley, CEO10
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 1
383259
How to check this page

Every line above is in the contract.

Agreement 0001869 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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