Medline Industries Holdings, L.P.

Agreement 0003584, filed with the Texas Comptroller by Waller County, Texas.

$49,000,000committed capital investment

30%of real property improvements abated

January 1, 2021performance deadline

The obligation

What the contract requires.

“MEDLINE shall make or cause to made real and personal property improvements (the Improvements”) in the Premises and the real property improvements thereon prior to January 1, 2021.”Executed agreement, p. 2

“By End of Year Number of employees l 100”Executed agreement, p. 21

“Total Estimated Minimum | $49,000,000 Taxable Value”Executed agreement, p. 20

The repayment remedy

What happens if it is not met.

“terminate this Agreement, and the County, in such event, shall be entitled to recapture any and all property taxes which have been abated as a result of this Agreement”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.

30%Year 1 (2021)

30%Year 2 (2022)

30%Year 3 (2023)

30%Year 4 (2024)

30%Year 5 (2025)

30%Year 6 (2026)

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.

Field	Value & quoted source	Page
Granting body	Waller County, TexasTAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY, TEXAS AND MEDLINE INDUSTRIES HOLDINGS, L.P.	1
Contracting entity	Medline Industries Holdings, L.P.TAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY, TEXAS AND MEDLINE INDUSTRIES HOLDINGS, L.P.	1
Parent / guarantor	Medline Industries Inc.Title: ief Operating Officer of Medline Industries Inc., as Managing Member of General Partner	14
Instrument	Tax Abatement AgreementTAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY, TEXAS AND MEDLINE INDUSTRIES HOLDINGS, L.P.	1
Governing chapter	Not stated in the agreement	—
Capital investment	$49,000,000Total Estimated Minimum \| $49,000,000 Taxable Value	20
Grant or incentive	Not stated in the agreement	—
Jobs committed	100 the quoted sentence states no obligationBy End of Year Number of employees l 100	21
Wage requirement	Not stated in the agreement	—
Square footage	1,300,000 SFBuilding(s) 1,300,000 SF distribution center plus mezzanine area of 50,000 SF	20
Acreage	80.1121 acresBeing a tract or parcel of land containing 80.1121 acres of land or 3,489,681 square feet,	18
Performance deadline	January 1, 2021MEDLINE shall make or cause to made real and personal property improvements (the Improvements”) in the Premises and the real property improvements thereon prior to January 1, 2021.	2
Expiration	December 31, 2026Said Abatement Period shall extend for a period of years, commencing January \|, 2021 and terminating December 31, 2026.	6
Effective date	July 10, 2019on this the 10" day of July, 2019.	1
Signatory	James AbramsName: James Abrams Date Title: ief Operating Officer of Medline Industries Inc., as Managing Member of General Partner	14
Chain status	Terminal 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 0003584 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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