The Abatement RegisterPolkAgreement 0002409
Texas Chapter 380 / 381 agreement · Polk

Umbriel Solar, LLC

Agreement 0002409, filed with the Texas Comptroller by Polk County, Texas.

$135,000,000.00committed capital investment
100%of Certified Appraised Value of all Improvements abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“UMBRIEL agrees to use commercially reasonable efforts to construct and to install the Project and provide the Certificate to County no later than December 31, 2023 (the “Completion Deadline”).”Executed agreement, p. 10
“UMBRIEL covenants and agrees if it constructs the Project at the Site to create and maintain throughout the Term of this Agreement no fewer than one (1) new permanent jobs to work at and support the Project’s facility”Executed agreement, p. 9
“With the construction of the Project, UMBRIEL will invest an amount estimated to be one hundred thirty-five million and zero one hundredths dollars ($135,000,000.00) in the Improvements and control (acquisition or lease) of the Site for the Business Activities”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“UMBRIEL agrees that the Improvements, once constructed and installed, shall remain in place until at least twenty-five (25) years after the date the Certificate for such Improvements is provided by UMBRIEL, provided that nothing herein prevents UMBRIEL from replacing any equipment or fixture comprising the Improvements prior to that date, so long as such replacement does not result in a reduction of the Certified App”Executed agreement, p. 10

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 · Certified Appraised Value of all Improvements · p. 11

What was abated, and for how long.

100%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 bodyPolk County, TexasTHIS TAX ABATEMENT AGREEMENT (the “Agreement’), effective as of the last date set forth on the signature page hereto (the “Effective Date”), is made and entered into by and between Polk County, Texas, (“County”), acting through its duly elected officers and Umbriel Solar, LLC2
Contracting entityUmbriel Solar, LLCTHIS TAX ABATEMENT AGREEMENT (the “Agreement’), effective as of the last date set forth on the signature page hereto (the “Effective Date”), is made and entered into by and between Polk County, Texas, (“County”), acting through its duly elected officers and Umbriel Solar, LLC2
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTAX ABATEMENT AGREEMENT1
Governing chapterChapter 312, Tax Code (property tax abatement)and all other tangible personal property permitted by Chapter 312 of the Texas Tax Code and the Guidelines & Criteria.—
Capital investment$135,000,000.00With the construction of the Project, UMBRIEL will invest an amount estimated to be one hundred thirty-five million and zero one hundredths dollars ($135,000,000.00) in the Improvements and control (acquisition or lease) of the Site for the Business Activities5
Grant or incentiveNot stated in the agreement—
Jobs committed1 recital language, not a covenantUMBRIEL covenants and agrees if it constructs the Project at the Site to create and maintain throughout the Term of this Agreement no fewer than one (1) new permanent jobs to work at and support the Project’s facility9
Wage requirement$41,823shall be paid no less than approximately forty-one thousand eight hundred twenty-three dollars ($41,823) per year9
Square footageNot stated in the agreement—
Acreage5.939.349Total Acres: 5.939.34941
Performance deadlineDecember 31, 2023UMBRIEL agrees to use commercially reasonable efforts to construct and to install the Project and provide the Certificate to County no later than December 31, 2023 (the “Completion Deadline”).10
ExpirationNot stated in the agreement—
Effective dateNovember 10, 2020Date: November 10, 202020
SignatoryMichael U.Name: Michael U. =a20
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 21

1) Solar modules/panels 2) Steel/aluminum/other metal mounting system with tracking capabilities 3) Underground conduit, communication cables, and electrical collection system wiring 4) Multiple combiner boxes 5) One or multiple project substation(s) including breakers, a transformer, and meters 6) Collection substation will be connected to utility interconnection by an above ground transmission line 7) Inverter boxes on concrete or gravel pads 8) Operations and maintenance facility 9) Fencing for safety and security 10) Telephone system 11) New or improved access and service roads 12) Meteorological equipment to measure solar irradiation and weather conditions

Parcels · p. 22
23879 · 21250 · 70151 · 19724 · 22745 · 70152
How to check this page

Every line above is in the contract.

Agreement 0002409 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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