Wagyu Solar LLC

Agreement 0002392, filed with the Texas Comptroller by Brazoria County.

$110,000,000.00committed capital investment

3permanent jobs committed

50–100%of Eligible Property Tax Revenues abated

The obligation

Terms the contract defines.

““Completion Deadline” means on or before December 31, 2020.”Executed agreement, p. 2

“Create no less than three (3) new permanent jobs.”Executed agreement, p. 7

“Expend no less than $110,000,000.00 on Development Costs for the Project.”Executed agreement, p. 7

The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.

The repayment remedy

What happens if it is not met.

“Wagyu shall reimburse the County the full amount of the Chapter 381 Payments for each year (or portion of a year) for which the initial seven (7) year Term exceeded one half of the Actual Productive Life of the Project.”Executed agreement, p. 8

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 Tax Revenues · p. 9

What was abated, and for how long.

100%Year One

100%Year Two

100%Year Three

75%Year Four

50%Year Five

50%Year Six

50%Year Seven

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	Brazoria CountyBrazoria County (hereinafter referred to as the “County”)	1
Contracting entity	Wagyu Solar LLCWagyu Solar LLC, (hereinafter referred to as “Wagyu”), a Limited Liability Company	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Economic Development AgreementThis Economic Development Agreement (hereinafter referred to as the "Agreement")	4
Governing chapter	Chapter 381, Local Government CodeAUTHORIZATION This Agreement is authorized by the Texas Local Government Code, Chapter 381 ~ County Development and Growth — and by Order of the Brazoria County Commissioners Court approving this agreement, Court Order No.	—
Capital investment	$110,000,000.00Expend no less than $110,000,000.00 on Development Costs for the Project.	7
Grant or incentive	Not stated in the agreement	—
Jobs committed	three (3) new permanent jobsCreate no less than three (3) new permanent jobs.	7
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	1,015 acreslocated on approximately 1,015 acres of land	4
Performance deadline	December 31, 2020 defined term, not a covenant“Completion Deadline” means on or before December 31, 2020.	2
Expiration	Not stated in the agreement	—
Effective date	Not stated in the agreement	—
Signatory	Cris NorpuadName: Cris Norpuad	2
Chain status	Terminal 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 0002392 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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