The Abatement RegisterMcLennanAgreement 0003693
Texas Chapter 380 / 381 agreement · McLennan

Amazon.com Services LLC

Agreement 0003693, filed with the Texas Comptroller by McLennan County, Texas.

$100,000,000.00committed capital investment
1000permanent jobs committed
15–80%of Real Property abated
June 1, 2023performance deadline
The obligation

What the contract requires.

“Failure to complete the Project and the certification of completion process as described in Section 1.2.4 on or before June 1, 2023 is grounds for termination of this Agreement by the CITY”Executed agreement, p. 6
“COMPANY shall create, fill, and retain at least One Thousand (1,000) new full-time jobs”Executed agreement, p. 6
“COMPANY will cause to be invested, on or before the Start Date as described in subsection 1.4 below, no less than One Hundred Million Dollars ($100,000,000.00) in taxable real property improvements”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“If COMPANY 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-five percent (75%) of the total job retention commitment for such year, as set out in Sections 1.6 and 3.1, or the CITY learns from its audit that such is the case, then CITY may: (i) require COMPANY to repay all of the Incentive Grants paid to”Executed agreement, p. 12

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 · Real Property · p. 10

What was abated, and for how long.

50%Years 1 — 10
80%Year 1
70%Year 2
60%Year 3
50%Year 4
35%Year 5
15%Year 6
15%Year 7

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, TexasThis Agreement is entered into by and between McLennan County, Texas (hereinafter “COUNTY”), and Amazon.com Services LLC (hereinafter "AMAZON").1
Contracting entityAmazon.com Services LLCThis Agreement is entered into by and between McLennan County, Texas (hereinafter “COUNTY”), and Amazon.com Services LLC (hereinafter "AMAZON").1
Parent / guarantorNot stated in the agreement—
InstrumentIndustrial Business GrantAMAZON seeks the provision of economic development incentives from the COUNTY in the form of an Industrial Business Grant1
Governing chapterChapter 380/381, Local Government CodeRECITALS: WHEREAS, CITY is the administrator of the City of Waco Business Grant Program pursuant to Texas Local Government Code Chapter 380, Resolution No.—
Capital investment$100,000,000.00COMPANY will cause to be invested, on or before the Start Date as described in subsection 1.4 below, no less than One Hundred Million Dollars ($100,000,000.00) in taxable real property improvements5
Grant or incentiveNot stated in the agreement—
Jobs committed1,000COMPANY shall create, fill, and retain at least One Thousand (1,000) new full-time jobs6
Wage requirement$15.00 per hourthe Company provides a minimum base wage of no less than fifteen dollars ($15.00) per hour6
Square footage640,000COMPANY will establish at least a 640,000 square foot, state-of-the-art robotic fulfillment center4
Acreage93.169 acresCOMPANY leased, for an initial lease term of not less than ten (10) years, 93.169 acres at Lot 24, Block 1, Texas Central South Addition4
Performance deadlineJune 1, 2023Failure to complete the Project and the certification of completion process as described in Section 1.2.4 on or before June 1, 2023 is grounds for termination of this Agreement by the CITY6
ExpirationJune 30, 2034The term of this Agreement shall be effective from Effective Date until June 30, 2034 (or June 30, 2035 if the later Start Date was elected as set forth above)(the “Term”).15
Effective dateFebruary 16, 2021This Agreement for Business Grant (“Agreement”) is entered into to be effective as of the 16" day of February, 2021 (the “Effective Date’’)4
SignatoryHolly SullivanHolly Sullivan, Authorized Signatory3
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 0003693 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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