The Abatement RegisterMcLennanAgreement 0003643
Texas Chapter 380 / 381 agreement · McLennan

UNCONDITIONAL LOVE INC.

Agreement 0003643, filed with the Texas Comptroller by McLennan County.

$ 9,500,000committed capital investment
110permanent jobs committed
15–70%of Personal Property abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“On or before December 31, 2023, no less than an additional Four Million Dollars ($4,000,000.00).”Executed agreement, p. 4
“UNCONDITIONAL LOVE INC. shall create, fill, and retain at least 110 new full-time jobs”Executed agreement, p. 6
“Personal Property - Diaper Line 1 S 9,500,000”Executed agreement, p. 20
The repayment remedy

What happens if it is not met.

“If UNCONDITIONAL LOVE INC. provides an Annual Certification of Employment that demonstrates that its level of employment during any year of the Term of this Agreement has fallen below seventy percent (70%) of the Job Retention Requirement, then CITY may terminate the Agreement and require UNCONDITIONAL LOVE INC. to repay all of the Incentive Grants paid to UNCONDITIONAL LOVE INC. under this Agreement.”Executed agreement, p. 11

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 · Personal Property · p. 10

What was abated, and for how long.

70%Year 1
60%Year 2
50%Year 3
40%Year 4
25%Year 5
15%Year 6
15%Year 7
25%Years 1-5
70%Years 1-9

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 CountyAGREEMENT FOR INDUSTRIAL BUSINESS GRANT BETWEEN MCLENNAN COUNTY AND UNCONDITIONAL LOVE INC.1
Contracting entityUNCONDITIONAL LOVE INC.AGREEMENT FOR INDUSTRIAL BUSINESS GRANT BETWEEN MCLENNAN COUNTY AND UNCONDITIONAL LOVE INC.1
Parent / guarantorNot stated in the agreement—
InstrumentIndustrial Business GrantAGREEMENT FOR INDUSTRIAL BUSINESS GRANT1
Governing chapterChapter 380/381, Local Government Code17 <<<PAGE 20>>> ' EXHIBIT A Attachment 4 Estimated Personal Property List Capital Investment by Property Tax Year Personal Property - Diaper Line 1 S 9,500,000 Personal Property - Diaper Line 2 $ 9,500,000 Personal Property - Diaper Line 3 $ 9,500,000 Taxable improvements $ 2,500,000 Total $ 31,000,000 <<<PAGE 21>>> EXHIBIT B CERTIFICATE OF COMPLETION FOR AGREEMENT FOR CHAPTER 380 GRANT BETWEEN C—
Capital investment$ 9,500,000Personal Property - Diaper Line 1 S 9,500,00020
Grant or incentiveNot stated in the agreement—
Jobs committed110UNCONDITIONAL LOVE INC. shall create, fill, and retain at least 110 new full-time jobs6
Wage requirement$15.00 per hourwith a minimum base wage of no less than fifteen dollars ($15.00) per hour6
Square footageNot stated in the agreement—
Acreage20.474 acres20.474 acres at Lot 11, Block 6, Texas Central South Addition3
Performance deadlineDecember 31, 2023On or before December 31, 2023, no less than an additional Four Million Dollars ($4,000,000.00).4
ExpirationJune 30, 20325.1 TERM. This Agreement shall be effective from Effective Date until June 30, 2032.16
Effective dateDecember 22, 2020Date: December 22, 20202
SignatorySean KaneSean Kane, Co-CEO2
Chain statusSuperseded by agreement 0014545—
How to check this page

Every line above is in the contract.

Agreement 0003643 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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