The Abatement RegisterCraneAgreement 0002502
Texas Chapter 380 / 381 agreement · Crane

CED Crane Solar 2, LLC

Agreement 0002502, filed with the Texas Comptroller by Crane County, Texas.

$65,000,000.00committed capital investment
100%of Eligible Property and the Improvements abated
The obligation

What the contract requires.

“CED Crane Solar 2, LLC shall create | permanent job.”Executed agreement, p. 12
“plans to make capital investments of approximately $65,000,000.00 for a 70 MW new facility.”Executed agreement, p. 12
The repayment remedy

What happens if it is not met.

“As liquidated damages in the event of default, all 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. 6

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 and the Improvements · p. 3

What was abated, and for how long.

100%ten (10) year period

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, Texasentered into by and between Crane County, Texas (the “County”) and CED Crane Solar 2, LLC.1
Contracting entityCED Crane Solar 2, LLCentered into by and between Crane County, Texas (the “County”) and CED Crane Solar 2, LLC.1
Parent / guarantorConsolidated Edison Development, Inc.c/o Consolidated Edison Development, Inc.9
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$65,000,000.00plans to make capital investments of approximately $65,000,000.00 for a 70 MW new facility.12
Grant or incentiveNot stated in the agreement—
Jobs committed1 permanent job figure does not appear in the sentence quoted beside itCED Crane Solar 2, LLC shall create | permanent job.12
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateAugust 27, 2019Executed this 27 day of August, 2019.10
SignatoryMark NoyesBEFORE ME, the undersigned authority, on this date personally appeared Mark Noyes, the President and Chief Executive Officer of CED Crane Solar 2, LLC10
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 0002502 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.

[email protected]