The Abatement RegisterWallerAgreement 0003653
Texas Chapter 380 / 381 agreement · Waller

Grundfos USA, Inc.

Agreement 0003653, filed with the Texas Comptroller by Waller County, Texas.

$22,000,000committed capital investment
100%of real property improvements abated
January 1, 2021performance deadline
The obligation

What the contract requires.

“GRUNDFOS shall make or cause to made real property improvements (the “Improvements”) on the Premises prior to January 1, 2021.”Executed agreement, p. 2
“at least 67 Employees (as defined herein) must be employed at or based from the Premises.”Executed agreement, p. 3
“$22,000,000 in real property improvements”Executed agreement, p. 2
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. 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 · real property improvements · p. 5

What was abated, and for how long.

100%Year 1 (2021)
100%Year 2 (2022)
100%Year 3 (2023)
100%Year 4 (2024)
100%Year 5 (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 bodyWaller County, TexasTAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY, TEXAS AND GRUNDFOS USA, INC.1
Contracting entityGrundfos USA, Inc.TAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY, TEXAS AND GRUNDFOS USA, INC.1
Parent / guarantorGrundfos CBS, Inc.For Grundfos USA, Inc. : Grundfos CBS, Inc. 902 Koomey Road Brookshire, Texas 7742312
InstrumentTax Abatement AgreementTAX ABATEMENT AGREEMENT BETWEEN WALLER COUNTY, TEXAS AND GRUNDFOS USA, INC.1
Governing chapterChapter 312, Tax Code (property tax abatement)/7 ETT ay “ap “wr - “unk TOUS Grundfos U ~ et bt 6, Zo#L/ By: D/ETER SAU Date Name: Title: ke Hac P77 yz Page 13 of 13 Plus Exhibits A, B, and C <<<PAGE 14>>> Exhibit A o STATE OF TEXAS IN THE COMMISSIONERS COURT COUNTY OF WALLER OF WALLER COUNTY, TEXAS ORDER DESIGNATING REINVESTMENT ZONE WALLER COUNTY PROJECT EAGLE REINVESTMENT ZONE 6 PURSUANT TO SECTIONS 312.401 AND 312.201 OF THE TAX CODE (THE —
Capital investment$22,000,000$22,000,000 in real property improvements2
Grant or incentiveNot stated in the agreement—
Jobs committed67 recital language, not a covenantat least 67 Employees (as defined herein) must be employed at or based from the Premises.3
Wage requirementNot stated in the agreement—
Square footage282,051A TRACT OR PARCEL OF LAND CONTAINING 6.4750 ACRES, (282,051 SQUARE FEET)18
Acreage6.4750A TRACT OR PARCEL OF LAND CONTAINING 6.4750 ACRES18
Performance deadlineJanuary 1, 2021GRUNDFOS shall make or cause to made real property improvements (the “Improvements”) on the Premises prior to January 1, 2021.2
ExpirationDecember 31, 2025Said abatement shall extend for a period of years, commencing 1/1/2021 and terminating 12/31/2025.5
Effective dateJanuary 22, 2020on this the 22nd day of January, 2020.1
SignatoryDieter SauerBy: D/ETER SAU Date Name:13
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 0003653 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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