The Abatement RegisterEllisAgreement 0001883
Texas Chapter 380 / 381 agreement · Ellis

Compass Datacenters DFW III, LLC

Agreement 0001883, filed with the Texas Comptroller by Ellis County, Texas.

$40,000,000committed capital investment
5permanent jobs committed
15–100%of Real Property Improvements abated
fifth (5th) anniversary of the Effective Dateperformance deadline
The obligation

What the contract requires.

“Company agrees to construct or cause to be constructed and located on the Land a minimum $40,000,000 Investment for Phase 1A as provided herein, on or before the fifth (5th) anniversary of the Effective Date.”Executed agreement, p. 9
“By the end of the fifth (Sth) year of the Abatement Period for Phase 1A (the “Job Creation Deadline”), a minimum of five (5) new Full-Time Employees shall be employed at the Premises”Executed agreement, p. 8
““Phase 1A” means the first building or group of buildings to be constructed and completed on the Land consisting of at least 40,000 square feet of space that constitutes a minimum Investment of Forty Million Dollars ($40,000,000)”Executed agreement, p. 4
The remedy

The agreement terminates.

“In the event of a default under Section 6.1(iii) or Section 4.1 that is not cured within the Cure Period, as the County’s exclusive remedies in the event of such defaults, (i) the County may terminate this Agreement; and (ii) the Company shall, within thirty (30) days after termination, pay to the County all taxes which otherwise would have been paid by the Company to the County without benefit of a tax abatement dur”Executed agreement, p. 11

This clause ends the agreement. It states no repayment of money already received.

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 · Real Property Improvements · p. 8

What was abated, and for how long.

15%1-10
85%1-10
100%1-10

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 bodyEllis County, TexasThis Tax Abatement Agreement (the “Agreement’) is entered into by and between Ellis County, Texas (the “County”), and Compass Datacenters DFW III, LLC1
Contracting entityCompass Datacenters DFW III, LLCThis Tax Abatement Agreement (the “Agreement’) is entered into by and between Ellis County, Texas (the “County”), and Compass Datacenters DFW III, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementThis Tax Abatement Agreement (the “Agreement’) is entered into by and between Ellis County, Texas (the “County”), and Compass Datacenters DFW III, LLC1
Governing chapterChapter 312, Tax Code (property tax abatement)TAX CODE SECTION 312.003 January 28, 2020 Agenda Item 3.3 STATE OF TEXAS § TAX ABATEMENT AGREEMENT § COUNTY OF ELLIS § This Tax Abatement Agreement (the “Agreement’) is entered into by and between Ellis County, Texas (the “County”), and Compass Datacenters DFW III, LLC, a Delaware limited liability company, its successors and assigns (the “Company”), through their authorized representatives, to be—
Capital investment$40,000,000“Phase 1A” means the first building or group of buildings to be constructed and completed on the Land consisting of at least 40,000 square feet of space that constitutes a minimum Investment of Forty Million Dollars ($40,000,000)4
Grant or incentiveNot stated in the agreement—
Jobs committedfive (5) new Full-Time EmployeesBy the end of the fifth (Sth) year of the Abatement Period for Phase 1A (the “Job Creation Deadline”), a minimum of five (5) new Full-Time Employees shall be employed at the Premises8
Wage requirementNot stated in the agreement—
Square footage40,000 square feet“Phase 1A” means the first building or group of buildings to be constructed and completed on the Land consisting of at least 40,000 square feet of space4
Acreage178* acresgranting tax abatements for approximately 178* acres of real property described in Exhibit “A” (the “Land’)1
Performance deadlinefifth (5th) anniversary of the Effective DateCompany agrees to construct or cause to be constructed and located on the Land a minimum $40,000,000 Investment for Phase 1A as provided herein, on or before the fifth (5th) anniversary of the Effective Date.9
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryJared DayBy: Wskd Day, Presiderit16
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 0001883 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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