Agreement 0003767, filed with the Texas Comptroller by Gregg County, Texas.
The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.
This clause ends the agreement. It states no repayment of money already received.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | Gregg County, TexasThis Agreement is by and between The Gap, Inc., a Delaware corporation (hereinafter called the “Company”), and Gregg County, Texas (hereinafter called the “Local Government”). | 1 |
| Contracting entity | The Gap, Inc.This Agreement is by and between The Gap, Inc., a Delaware corporation (hereinafter called the “Company”), and Gregg County, Texas (hereinafter called the “Local Government”). | 1 |
| Parent / guarantor | Old Navy, LLCCompany. The term “Company” means The Gap, Inc., a Delaware corporation, however, the term “Company” shall also refer to Old Navy, LLC, a Delaware limited liability company, and to any other affiliate or wholly-owned subsidiaries of The Gap, Inc. | 2 |
| Instrument | Chapter 381 agreementWHEREAS, in order to encourage the Company to construct the Project on the Property and create the employment positions associated with same, the Local Government is willing to enter into a Chapter 381 agreement upon the terms and conditions hereinafter provided pursuant to Chapter 381 of the Texas Local Government Code; | 1 |
| Governing chapter | Chapter 381, Local Government Code<<<PAGE 1>>> Execution Version CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This Agreement is by and between The Gap, Inc., a Delaware corporation (hereinafter called the “Company”), and Gregg County, Texas (hereinafter called the “Local Government”). | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | one thousand two hundred twenty two (1,222) recital language, not a covenantWHEREAS, within five (5) years following the Occupancy Date, the Company expects to employ at least one thousand two hundred twenty two (1,222) Full-Time Employees | 1 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | Not stated in the agreement | — |
| Acreage | 142.522 acresMETES AND BOUNDS DESCRIPTION OF 142.522 ACRES | 20 |
| Performance deadline | August 1, 2022 defined term, not a covenantOccupancy Date. The term “Occupancy Date” means August 1, 2022, as such date may be extended due to Force Majeure Event(s). | 4 |
| Expiration | April 1, 2046Unless earlier terminated as provided herein, this Agreement shall terminate at the end of the day on April 1, 2046 | 10 |
| Effective date | Mar24, 2021Date: Mar24, 2021 | 19 |
| Signatory | Shawn CurranShawn Curran EVP — Chief Operating Officer | 19 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0003767 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.
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.