The Abatement RegisterWilliamsonAgreement 0003955
Texas Chapter 380 / 381 agreement · Williamson

Titan Gateway35, LLC

Agreement 0003955, filed with the Texas Comptroller by Williamson County, Texas.

$80,000,000.00committed capital investment
50%of Premises (Land and Improvements) and Lessee’s Tangible Personal Property abated
December 31, 2022performance deadline
The obligation

What the contract requires.

“subject to events of Force Majeure to cause Completion of Construction of the Improvements to occur on or before December 31, 2022”Executed agreement, p. 7
“Owner and Lessee intend to make a total combined capital investment of approximately Eighty Million No/100 Dollars ($80,000,000.00) in the Improvements and Tangible Personal Property”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“Upon termination of this Agreement by County with respect to a Defaulting Party, the Recapture Amount for the respective property shall become a debt to the County as liquidated damages”Executed agreement, p. 9

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 · Premises (Land and Improvements) and Lessee’s Tangible Personal Property · p. 1

What was abated, and for how long.

fifty percent (50%) of the Taxable Value of the Premises (Land and Improvements) and seventy-five percent (75%) of the Taxable Value of Lessee’s Tangible Personal Propertyten (10) consecutive years

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 bodyWilliamson County, TexasThis Tax Abatement Agreement (the “Agreement”) is entered into by and among Williamson County, Texas (the “County”)1
Contracting entityTitan Gateway35, LLCTitan Gateway35, LLC, a Texas limited liability company (“Owner’’)1
Parent / guarantorCelLink, a California corporationCelLink, a California corporation (the ““Lessee”)1
InstrumentTax Abatement AgreementThis Tax Abatement Agreement (the “Agreement”)1
Governing chapterChapter 312, Tax Code, and Chapter 380, Local Government Code2022-01 (the “Zone’’), for commercial/industrial tax abatement, as authorized by the Property Redevelopment and Tax Abatement Act, Chapter 312 of the Texas Tax Code, as amended (the “Act’);—
Capital investment$80,000,000.00Owner and Lessee intend to make a total combined capital investment of approximately Eighty Million No/100 Dollars ($80,000,000.00) in the Improvements and Tangible Personal Property1
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage300,000 square feeta building on the Land containing approximately 300,000 square feet of industrial space1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2022subject to events of Force Majeure to cause Completion of Construction of the Improvements to occur on or before December 31, 20227
ExpirationMarch 1 of the calendar year following the tenth (10th) anniversary date of the First Year of Abatement“Expiration Date” shall mean March | of the calendar year following the tenth (10th) anniversary date of the First Year of Abatement.3
Effective dateFebruary 23, 2022EXECUTED in duplicate originals the 23 day of Februar | 52022.12
SignatoryKevin CoakleyBy: er LE Lo Kevin Coakley, CE CelLink Corporation12
Chain statusSuperseded by agreement 0006616—
How to check this page

Every line above is in the contract.

Agreement 0003955 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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