The Abatement RegisterOrangeAgreement 0003538
Texas Chapter 380 / 381 agreement · Orange

M AND R ONE LLC

Agreement 0003538, filed with the Texas Comptroller by ORANGE COUNTY, TEXAS.

$3,500,000committed capital investment
25–100%of Ad Valorem taxes abated
March 1, 2020performance deadline
The obligation

What the contract requires.

“Facility is not constructed by March 1, 2020”Executed agreement, p. 3
“OLSON intends to create 36 Full-Time Equivalent Jobs”Executed agreement, p. 2
“Company will expend at least $3,500,000 for the development, construction and fit-out of the Project.”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“County may recapture and collect from Company the amount(s) of Rebate already paid by County to Company for the one (1) tax year immediately preceding the date of the notice of default.”Executed agreement, p. 7

The remedy here is discretionary — the clause says it may be applied, not that it must be.

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 · Ad Valorem taxes · p. 5

What was abated, and for how long.

100%2020
100%2021
100%2022
75%2023
50%2024
25%2025

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 bodyORANGE COUNTY, TEXASORANGE COUNTY, TEXAS, acting through its Commissioners Court (“COUNTY”)1
Contracting entityM AND R ONE LLCM AND R ONE, LLC (“M AND RON E”)1
Parent / guarantorOLSON ENGINEERING, INCOLSON ENGINEERING, INC (“OLSON”)1
InstrumentRebate“Rebate” means a payment to Company under the terms of this Agreement2
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS § § COUNTY OF ORANGE § CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT between ORANGE COUNTY, TEXAS and M AND R ONE LLC And OLSON ENGINEERING, INC This CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made, entered, and executed in duplicate originals by and between ORANGE COUNTY, TEXAS, acting through its Commissioners Court (“COUNTY”), M AND R ONE, LLC (“M A—
Capital investment$3,500,000Company will expend at least $3,500,000 for the development, construction and fit-out of the Project.3
Grant or incentiveNot stated in the agreement—
Jobs committed36 recital language, not a covenantOLSON intends to create 36 Full-Time Equivalent Jobs2
Wage requirementNot stated in the agreement—
Square footage22,480The Building is to be a single story office building consisting of 22,480 square feet25
Acreage4.673 acres4.673 acres, more or less, in Abstract 6, S. Davis Survey No.14
Performance deadlineMarch 1, 2020Facility is not constructed by March 1, 20203
ExpirationJune 1, 2026Termination Date, June 1, 20262
Effective dateJanuary 29, 2019Effective Date, January 29, 20192
SignatoryMark MesserName. Mbk bhxs-er10
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 25

The Building is to be a single story office building consisting of 22,480 square feet of executive offices, open office areas, collaboration areas, conference rooms, and training space.

Parcels · p. 12
R12008
How to check this page

Every line above is in the contract.

Agreement 0003538 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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