The Abatement RegisterMcLennanAgreement 0001871
Texas Chapter 380 / 381 agreement · McLennan

ZINKPOWER-WACO, LLC

Agreement 0001871, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

$13,000,000.00committed capital investment
$700,000grant or incentive
100permanent jobs committed
July 31, 2021performance deadline
The obligation

What the contract requires.

“ZINKPOWER will complete the Real Property Improvements and purchase and install the Personal Property Improvements on or before July 31, 2021.”Executed agreement, p. 1
“Business will create, fit, and maintain 100 new fulltime jobs”Executed agreement, p. 10
“$13,000,000.00”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“the business shall be responsible and obligated to repay fo WMCEDC pani or all of the Incentive Funds received”Executed agreement, p. 13

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.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATIONWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION1
Contracting entityZINKPOWER-WACO, LLCZINKPOWER-WACO, LLC1
Parent / guarantorZINKPOWER-USA Inc.ZINKPOWER-WACO, a wholly owned subsidiary of ZINKPOWER-USA Inc.8
InstrumentProgram Project AgreementProgram Project Agreement1
Governing chapterNot stated in the agreement—
Capital investment$13,000,000.00$13,000,000.001
Grant or incentive$700,000$700,00012
Jobs committed100Business will create, fit, and maintain 100 new fulltime jobs10
Wage requirement$12.00 per hourpaying $12 b0 er more per hour10
Square footage111,841 sq. ft.The proposed building is an 111,841 ay. ft. manufacturing facility8
Acreage23 acresan 111,841 ay. ft. manufacturing facility an 23 acres8
Performance deadlineJuly 31, 2021ZINKPOWER will complete the Real Property Improvements and purchase and install the Personal Property Improvements on or before July 31, 2021.1
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryTim PendleyTim Pendley, CEO3
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0001871 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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