The Abatement RegisterWallerAgreement 0002883
Texas Chapter 380 / 381 agreement · Waller

P150, LLC.

Agreement 0002883, filed with the Texas Comptroller by WALLER COUNTY.

$126,000,000committed capital investment
20–40%of Real Property Improvements abated
December 31, 2022performance deadline
The obligation

What the contract requires.

“fails to complete construction and place the Improvements in service by December 31, 2022”Executed agreement, p. 8
“Number of jobs 1,000”Executed agreement, p. 24
“Total | $126,000,000 rendered value”Executed agreement, p. 23
The repayment remedy

What happens if it is not met.

“the County shall be entitled to recapture taxes abated pursuant as follows.”Executed agreement, p. 9

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 · Real Property Improvements · p. 5

What was abated, and for how long.

40%2023
20%2023
40%2024
20%2024
40%2025
20%2025
40%2026
20%2026
40%2027
20%2027
40%2028
20%2028
40%2029
20%2029

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 bodyWALLER COUNTYTAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY AND P150, LLC.1
Contracting entityP150, LLC.P150, LLC, a Delaware limited liability company ("COMPANY")1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTAX ABATEMENT AGREEMENT1
Governing chapterChapter 312, Tax Code (property tax abatement)<<<PAGE 1>>> CHAPTER 312 TAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY AND P150, LLC.—
Capital investment$126,000,000Total | $126,000,000 rendered value23
Grant or incentiveNot stated in the agreement—
Jobs committed1,000 figure taken from a schedule, not from covenant languageNumber of jobs 1,00024
Wage requirementNot stated in the agreement—
Square footage1.7 million square feeta warehouse and distribution facility with a minimum area of 1.7 million square feet4
Acreage189.9 acrescomprising approximately 189.9 acres of land.3
Performance deadlineDecember 31, 2022fails to complete construction and place the Improvements in service by December 31, 20228
ExpirationDecember 31, 2032shall expire upon receipt of the tax payment due to the County for the 2032 tax year.5
Effective dateJuly 10, 2019JUL 1 0 201918
SignatoryBrian McLaughlinName of primary contact for this project: Brian McLaughlin/Beto Cardenas32
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 42
332200003000100
How to check this page

Every line above is in the contract.

Agreement 0002883 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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