The Abatement RegisterGonzalesAgreement 0003546
Texas Chapter 380 / 381 agreement · Gonzales

BYK USA, Inc.

Agreement 0003546, filed with the Texas Comptroller by COUNTY OF GONZALES, TEXAS.

$30,000,000.00committed capital investment
75%of incremental ad valorem property tax revenue abated
The obligation

What the contract requires.

“Applicant anticipates the hiring of 22 new jobs by 12/31/2021.”Executed agreement, p. 12
“Applicant anticipates the hiring of 22 new jobs by 12/31/2021.”Executed agreement, p. 12
“Applicant agrees that it shall make, or cause its landlord to make, Qualified Expenditures of not less than Thirty Million and 00/100 Dollar ($30,000,000.00) in the Development amongst the three Phases.”Executed agreement, p. 3

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The repayment remedy

What happens if it is not met.

“In the event this Agreement is terminated pursuant to this Section 5B, the Grant Payment provided by the County in the most recent year pursuant to this Agreement shall be recaptured and repaid by Applicant within sixty (60) days from the date of such termination.”Executed agreement, p. 5

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 · incremental ad valorem property tax revenue · p. 13

What was abated, and for how long.

seventy-five percent (75%)ten years for each phase

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 bodyCOUNTY OF GONZALES, TEXASThis Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between the COUNTY OF GONZALES, TEXAS (“County”), and BYK USA, Ine. (“Applicant”), a New York corporation, for the purposes and considerations stated below:1
Contracting entityBYK USA, Inc.This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between the COUNTY OF GONZALES, TEXAS (“County”), and BYK USA, Ine. (“Applicant”), a New York corporation, for the purposes and considerations stated below:1
Parent / guarantora New York corporationThis Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between the COUNTY OF GONZALES, TEXAS (“County”), and BYK USA, Ine. (“Applicant”), a New York corporation, for the purposes and considerations stated below:1
InstrumentGrantGrant. The word “Grant” means a payment on a yearly basis to Applicant under the terms of this Agreement.2
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS — ) CHAPTER 381 ECONOMIC DEVELOPMENT COUNTY OF GONZALES ) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between the COUNTY OF GONZALES, TEXAS (“County”), and BYK USA, Ine.—
Capital investment$30,000,000.00Applicant agrees that it shall make, or cause its landlord to make, Qualified Expenditures of not less than Thirty Million and 00/100 Dollar ($30,000,000.00) in the Development amongst the three Phases.3
Grant or incentiveNot stated in the agreement—
Jobs committed22 recital language, not a covenantApplicant anticipates the hiring of 22 new jobs by 12/31/2021.12
Wage requirementNot stated in the agreement—
Square footage62,000The Development is estimated to require approximately 62,000 square feet of industrial facility.12
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2021 date not fully supported by the quoted sentenceApplicant anticipates the hiring of 22 new jobs by 12/31/2021.12
ExpirationNot stated in the agreement—
Effective dateNovember 16, 2017BYK USA, Inc. believes that it has substantially met its obligations under the Chapter 381 Agreement dated the \G dayof Novemer— (200% and signed by Ute TWrink of BYK USA, Inc.14
SignatoryUte WrinkThis instrument was acknowledged before me on the\r_ day of NCOWeMber_ 2017, by eink, gas CEO of BYK USA, Inc.11
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 12

Phase I: Boilers, Quat Tanks, Centrifuges, Dry Mill Silos, Dust Collectors and Misc. Equipment. Phase II: Garamite Plant Building, Locker Room Building, Mechanical Equipment, Piping, Electrical, Instrumentation, Waste Water Treatment facility and Misc. Equipment. Phase III: Research & Development Building.

How to check this page

Every line above is in the contract.

Agreement 0003546 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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