HESSELBEIN TIRE SOUTHWEST, INC., GATEWAY PROPERTIES, L.P. AND GATEWAY TIRE WACO, INC.

Agreement 0003966, filed with the Texas Comptroller by McLennan County, Texas.

$14,509,694.00committed capital investment

40permanent jobs committed

40–90%of Personal Property abated

The obligation

What the contract requires.

“HESSELBEIN shall invest at the Premises iio less than One Million, Five Hundred, Sixty Thousand Dollars. ($1.560,000.00) in. ‘personal ‘property iroprovements and additions (Personal Property’), ‘less depreciation, with the value being determined by McLennan County Appraisal District (CMCAD”) or as. proved through documentation provided by COMPANIES.”Executed agreement, p. 5

“GATEWAY 1 TIRE. shall create, fill, and retain at. least Forty (40) new full-tirie jobs (“Jobs”) in the City of Waco throughout the term of the’ Agreement”Executed agreement, p. 6

“HESSEL. BEIN shall i invest, on or or before: Sapieniber }, 2022. no less than Fourteen Million, Five Hundred, Nine Thousand, ‘Six Hundred Ninety-Foiir Dollars ($14,509,694.00) in -taxable. real property: improvements”Executed agreement, p. 5

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The repayment remedy

What happens if it is not met.

“If GATEWAY TIRE provides an Annual Certification of Employment that demonstrates that its level of employment during two consecutive years during the term of this Agreement has fallen below eighty-five percent (85%) of the Job retention commitment for each year, as set out inv Sections’1.4 and 3.1, or the CITY learns from its audit that such is the case, then CITY may require COMPANIES to: repay all of the Incentive.”Executed agreement, p. 11

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 · Personal Property · p. 9

What was abated, and for how long.

40%Years 1-5

90%Years 1-5

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.

Field	Value & quoted source	Page
Granting body	McLennan County, TexasThis Agreement is entered into by and between McLennan County, Texas (hereinafter “COUNTY”)	1
Contracting entity	HESSELBEIN TIRE SOUTHWEST, INC., GATEWAY PROPERTIES, L.P. AND GATEWAY TIRE WACO, INC.HESSELBEIN TIRE SOUTHWEST, INC. (hereinafter "HESSELBEIN"), GATEWAY PROPERTIES, L.P. (hereinafter “GATEWAY PROPERTIES”), and GATEWAY TIRE WACO, INC. (hereinafter “GATEWAY TIRE”).	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Industrial Business GrantAGREEMENT FOR INDUSTRIAL BUSINESS GRANT	1
Governing chapter	Chapter 380/381, Local Government Code6 forklifts/reach trucks around 40,000 each: $240,000 1 Bertha around 120,000: $120,000 Racking around 1,000,000: $1,000,000 Around 10,000,000 in inventory: $10,000,000 All above less inventory will be depreciated, $1,560,000 <<<PAGE 20>>> EXHIBIT "B" CERTIFICATE OF COMPLETION FOR AGREEMENT FOR CHAPTER 380 GRANT: BETWEEN COMPANY NAME AND THE CITY OF WACO, TEXAS THE STATE OF TEXAS 8 7 § COUNTY OF M	—
Capital investment	$14,509,694.00HESSEL. BEIN shall i invest, on or or before: Sapieniber }, 2022. no less than Fourteen Million, Five Hundred, Nine Thousand, ‘Six Hundred Ninety-Foiir Dollars ($14,509,694.00) in -taxable. real property: improvements	5
Grant or incentive	Not stated in the agreement	—
Jobs committed	40GATEWAY 1 TIRE. shall create, fill, and retain at. least Forty (40) new full-tirie jobs (“Jobs”) in the City of Waco throughout the term of the’ Agreement	6
Wage requirement	$15.00 per hourGATEWAY TIRE shall pay ‘its employees in the ens a sminiriur wage no less than fifteen dollars (S15. 00): per hour	6
Square footage	259,000 square feetHESSELBEIN, GATEWAY PROEPRTIES, or GATEWAY TIRE shall Obtain a certificate of occupancy for the Business which shall. be ata minimum 259;000 square ice on the Premises.	6
Acreage	23.528 acreswill construct and operate a tire and tube distribution business (° ‘Business”) on 23,528 acres on Lot 2, Block’ 1 uf the Aviation ‘Addition	4
Performance deadline	September 1, 2022 date not fully supported by the quoted sentenceHESSELBEIN shall invest at the Premises iio less than One Million, Five Hundred, Sixty Thousand Dollars. ($1.560,000.00) in. ‘personal ‘property iroprovements and additions (Personal Property’), ‘less depreciation, with the value being determined by McLennan County Appraisal District (CMCAD”) or as. proved through documentation provided by COMPANIES.	5
Expiration	June 30, 2028This nn shall be effective fede Effective 1 ‘Date “nih June 30. 2028.	24
Effective date	Nov, 2021This Agreement for Business Lean (Agreement ‘) is entered into-to be effective as of the “\| __ day of Nov, 2021 (the “Effective Dale")	4
Signatory	Dennis KingDennis King, Directd’	3
Chain status	Terminal 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 0003966 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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