The Abatement RegisterCraneAgreement 0002497
Texas Chapter 380 / 381 agreement · Crane

Crane II Solar Electric, LLC

Agreement 0002497, filed with the Texas Comptroller by Crane County Texas.

$290,000,000.00committed capital investment
85–90%of Added Value of Eligible Property abated
The obligation

What the contract requires.

“the Added Value upon completion shall be up to: $290,000,000.00”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“As liquidated damaged in the event of default, all abated taxes for the years covered by this Agreement (Interest will be charged at the statutory rate for delinquent taxes as determined by the laws of the State of Texas) shall be refunded to the County”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 · Added Value of Eligible Property · p. 3

What was abated, and for how long.

90%Year 1
90%Year 2
90%Year 3
90%Year 4
90%Year 5
85%Year 6
85%Year 7
85%Year 8
85%Year 9
85%Year 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 bodyCrane County TexasCrane County Texas (the “County”)1
Contracting entityCrane II Solar Electric, LLCCrane II Solar Electric, LLC (“Owner”)1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTAX ABATEMENT AGREEMENT1
Governing chapterChapter 312, Tax Code (property tax abatement)AUTHORIZATION This Agreement is authorized by the Texas Tax Code, Chapter 312, as amended (“Act”), and is subject to the laws of the State of Texas and the orders of the Crane County Commissioners Court.—
Capital investment$290,000,000.00the Added Value upon completion shall be up to: $290,000,000.003
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationDecember 31, 2031The Abatement shall continue for ten (10) years and expire as of December 31 of such tenth tax year.2
Effective dateJanuary 1, 2021The term of this tax abatement shall begin January 1, 20212
SignatoryNot stated in the agreement—
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 10

Up to 200 MW-AC in size; Photovoltaic (PV) modules; DC-to-AV inverters; Medium and high-voltage electric cabling; Tracker racking system (mounting structures); Project substation which will include a high-voltage transformer, switchgear, transmission equipment, telecommunications and SCADA equipment, among other things; High-voltage transmission line connecting the project to the grid (gen tie); Operations and maintenance (O&M) building including telecommunications and computing equipment, among other things; Meteorological equipment to measure solar irradiance and other weather conditions; and Associated equipment to safely operate, maintain, and deliver electricity to the grid.

Parcels · p. 8
1310 · 1318 · 1312 · 1302 · 1328
How to check this page

Every line above is in the contract.

Agreement 0002497 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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