The Abatement RegisterRobinsonAgreement 0002513
Texas Chapter 380 / 381 agreement · Robinson

Waco Infinity Properties, LTD

Agreement 0002513, filed with the Texas Comptroller by The City of Robinson, Texas.

$20,000,000committed capital investment
January 15, 2022performance deadline
The obligation

What the contract requires.

“no later than January 15, 2022”Executed agreement, p. 2
“providing an estimated 92 jobs in year one”Executed agreement, p. 1
“capital investment exceeding an estimated cost of $20,000,000”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“If the Business Developer completely fails to cause the location of a Business on the Project Premises by January 15, 2022, it shall repay the City the City’s entire cost of providing the Infrastructure Incentives no later than February 15, 2022.”Executed agreement, p. 2

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.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyThe City of Robinson, TexasThe City of Robinson, Texas (hereinafter “City”)1
Contracting entityWaco Infinity Properties, LTDWaco Infinity Properties, LTD (hereinafter “Business Developer”)1
Parent / guarantorTexas Building Management, LLCWACO INFINITY PROPERTIES, LTD BY ITS GENERAL PARTNER, TEXAS BUILDING MANAGEMENT, LLC5
InstrumentProgram Project AgreementProgram Project Agreement (hereinafter “Agreement”)1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> PROGRAM PROJECT AGREEMENT The City of Robinson, Texas (hereinafter “City”) and Waco Infinity Properties, LTD (hereinafter “Business Developer”) enter into this Program Project Agreement (hereinafter “A greement”) as authorized by the City’s Chapter 380 Program Ordinance.—
Capital investment$20,000,000capital investment exceeding an estimated cost of $20,000,0001
Grant or incentiveNot stated in the agreement—
Jobs committed92 recital language, not a covenantproviding an estimated 92 jobs in year one1
Wage requirement$18 per hourany job created that does not have an average wage of $18 per hour or more will be considered a part of the deficiency3
Square footage47,000 square footAn approximately 47,000 square foot building1
Acreage7.200-acreA 7.200-acre tract of land located in the Carlos O’Campo Survey1
Performance deadlineJanuary 15, 2022no later than January 15, 20222
ExpirationNot stated in the agreement—
Effective date1-6-2020pate:_/-£- Jogo5
SignatoryJames A. BankBY: — James A. Bank Managing Member and President5
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 0002513 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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