The Abatement RegisterMcLennanAgreement 0003627
Texas Chapter 380 / 381 agreement · McLennan

Advanced Rail Systems, LLC

Agreement 0003627, filed with the Texas Comptroller by McLennan County, Texas.

$2,265,150committed capital investment
40%of increased property tax revenues abated
January 31, 2021performance deadline
The obligation

What the contract requires.

“such construction and installation shall be completed on or before January 31, 2021”Executed agreement, p. 3
“2025 61 8 69”Executed agreement, p. 4
“Construction and installation of capital improvements by actual capital investment of $2,265,150”Executed agreement, p. 1
The remedy

What the contract says happens.

“Business shall re-pay to the County the grant funds paid to the Business to that date”Executed agreement, p. 7

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 · increased property tax revenues · p. 2

What was abated, and for how long.

40%2021
40%2022
40%2023
40%2024
40%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 bodyMcLennan County, TexasAGREEMENT FOR INDUSTRIAL BUSINESS GRANT BETWEEN MCLENNAN COUNTY, TEXAS AND ADVANCED RAIL SYSTEMS, LLC1
Contracting entityAdvanced Rail Systems, LLCAGREEMENT FOR INDUSTRIAL BUSINESS GRANT BETWEEN MCLENNAN COUNTY, TEXAS AND ADVANCED RAIL SYSTEMS, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentIndustrial Business GrantThis Agreement for Industrial Business Grant1
Governing chapterChapter 381, Local Government Codeand WHEREAS, Business seeks the provision of economic development incentives from the County in the form of an Industrial Business Grant under the most current version of the County’s Industrial Business Grant Program adopted by the County Commissioners Court as authorized by §381.004 of the Local Government Code;—
Capital investment$2,265,150Construction and installation of capital improvements by actual capital investment of $2,265,1501
Grant or incentiveNot stated in the agreement—
Jobs committed69 figure taken from a schedule, not from covenant language2025 61 8 694
Wage requirement$15.00 per hour, plus health benefitsIn no circumstance shall any position be paid less than $15.00 per hour, plus health benefits.5
Square footage15,000 sf shop and manufacturing space and 8,250 sf of office spaceincluding a 15,000 sf shop and manufacturing space and 8,250 sf of office space1
Acreage19.61 acresRelocation of operations of the Business from outside McLennan County to 19.61 acres1
Performance deadlineJanuary 31, 2021such construction and installation shall be completed on or before January 31, 20213
Expiration2025The Grant Period for this Project begins with the 2021 tax year and ends with tax year 2025.2
Effective dateof: e4 fz #226Date: “ of: e4 fz #2268
Signatory44 arlcke, v4By: 44 arlcke, v48
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 1
153959
How to check this page

Every line above is in the contract.

Agreement 0003627 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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