The Abatement RegisterKaufmanAgreement 0003553
Texas Chapter 380 / 381 agreement · Kaufman

KLLM Transport Services, LLC and ITS - Equipment Leasing & Maintenance, LLC

Agreement 0003553, filed with the Texas Comptroller by County of Kaufman, Texas.

January 1, 2018performance deadline
The obligation

What the contract requires.

“the situs of ad valorem taxation for the Eligible Property will be at the Leased Premises on January 1, 2018”Executed agreement, p. 5
“providing 35 new jobs in the County”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“Taxpayers shall repay the amount of the Chapter 381 Payments and any other funds received by Taxpayers from the County”Executed agreement, p. 8

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 Tax Revenues · p. 4

What was abated, and for how long.

eighty percent2018 through 2027

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 Kaufman, TexasThis Performance Agreement ("Agreement") is made by and between the County of Kaufman, Texas (the "County")2
Contracting entityKLLM Transport Services, LLC and ITS - Equipment Leasing & Maintenance, LLCKLLM Transport Services, LLC ("KLLM") and ITS - Equipment Leasing & Maintenance, LLC ("ITS")2
Parent / guarantorNot stated in the agreement—
InstrumentPerformance AgreementThis Performance Agreement ("Agreement")2
Governing chapterChapter 381, Local Government CodeChapter 381 property agreement with the County of Kaufman, 2.—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committed35 the quoted sentence states no obligationproviding 35 new jobs in the County2
Wage requirement$1,600,000Taxpayers and Taxpayers’ Affiliates must maintain an annual payroll at the Leased Premises of at least $1,600,000.5
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineJanuary 1, 2018the situs of ad valorem taxation for the Eligible Property will be at the Leased Premises on January 1, 20185
ExpirationNot stated in the agreement—
Effective dateAugust 15, 2016Performance Agreement dated August 15, 201611
SignatoryTerry ThorntonName: Terry Thornton10
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 0003553 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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