The Abatement RegisterPotterAgreement 0003750
Texas Chapter 380 / 381 agreement · Potter

BSA HOSPITAL, LLC

Agreement 0003750, filed with the Texas Comptroller by POTTER COUNTY, TEXAS.

$20,000,000committed capital investment
7permanent jobs committed
50–90%of Property Tax Increment abated
December 31, 2021performance deadline
The obligation

What the contract requires.

“Company further agrees that the Improvements will be completed and Company will receive a Certificate of Occupancy no later than December 31, 2021”Executed agreement, p. 3
“create a minimum of seven (7) new full time employee positions”Executed agreement, p. 4
“investment of not less than $20,000,000 for construction”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“the Company will immediately owe Potter County repayment of the previous Program Grant Payments made to the Company, plus interest”Executed agreement, p. 6

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 · Property Tax Increment · p. 4

What was abated, and for how long.

90%Years 1-3
70%Years 4-6
60%Years 7-8
50%Years 9-10

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 bodyPOTTER COUNTY, TEXASPOTTER COUNTY, TEXAS1
Contracting entityBSA HOSPITAL, LLCBSA HOSPITAL, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development Program AgreementCHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> POTTER COUNTY, TEXAS AND BSA HOSPITAL, LLC CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (the “Agreement”) is made and entered into by and between POTTER COUNTY, TEXAS, a political subdivision of the State of Texas (“Potter County”), and BSA HOSPITAL, LLC (“Company”), a Texas limited liability company, each of which may be s—
Capital investment$20,000,000investment of not less than $20,000,000 for construction3
Grant or incentiveNot stated in the agreement—
Jobs committedseven (7) new full time employee positionscreate a minimum of seven (7) new full time employee positions4
Wage requirement$600,000 each yearannual payroll of not less than $600,000 each year4
Square footage50,000 square feetconstruct a new, approximately 50,000 square feet cancer center1
Acreage5.71 acreA 5.71 acre tract of land being a portion of Lot 1, Block 1, Amarillo Medical Center Unit No. 1411
Performance deadlineDecember 31, 2021Company further agrees that the Improvements will be completed and Company will receive a Certificate of Occupancy no later than December 31, 20213
Expirationten (10) yearsThis Agreement shall be effective as of the Effective Date for a period of ten (10) years3
Effective datethe last date this Agreement is signed by either Party“Effective Date” means the last date this Agreement is signed by either Party.2
SignatoryLe i.Le i.10
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 0003750 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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