The Abatement RegisterHopkinsAgreement 0004218
Texas Chapter 380 / 381 agreement · Hopkins

STAMPEDE SOLAR PROJECT, LLC

Agreement 0004218, filed with the Texas Comptroller by HOPKINS COUNTY, TEXAS.

$274,800,000.00committed capital investment
5permanent jobs committed
100%of County ad valorem taxes abated
December 31, 2022performance deadline
The obligation

What the contract requires.

“Developer covenants and agrees to complete construction of the Project by December 31, 2022.”Executed agreement, p. 4
“Developer agrees to create five (5) new Full-Time Equivalent Employment Positions”Executed agreement, p. 1
“capital investment of more than Two hundred seventy four million eight hundred thousand no/100 dollars ($274,800,000.00)”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“In the event Developerdefaults and is unable or unwilling to cure said Event of Default within the prescribed time period, the aggregate total of all financial assistance provided by the County to Developer pursuant to Section 5 of this Agreement, shall become immediately due and payable by Developer to the County.”Executed agreement, p. 8

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 · County ad valorem taxes · p. 6

What was abated, and for how long.

100%2023
100%2024
100%2025
100%2026
100%2027
100%2028
100%2029
100%2030
100%2031
100%2032

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 bodyHOPKINS COUNTY, TEXASHOPKINS COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as "County")1
Contracting entitySTAMPEDE SOLAR PROJECT, LLCSTAMPEDE SOLAR PROJECT, LLC a Delaware Limited Liability Company (hereinafter referred to as the "Developer")1
Parent / guarantorEnel Green Power North America Inc.Attn: Enel Green Power North America Inc.11
InstrumentProgram GrantProgram Grant or Program Grant Payment. The words "Program Grant" or "Program Grant Payment” mean the economic development grants paid by the County to Developer3
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> EXHIBIT ig HOPKINS COUNTY CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the "Agreement") is made and entered into by and between HOPKINS COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as "County"), and STAMPEDE SOLAR PROJECT, LLC a Delaware Limited Liability Company —
Capital investment$274,800,000.00capital investment of more than Two hundred seventy four million eight hundred thousand no/100 dollars ($274,800,000.00)1
Grant or incentiveNot stated in the agreement—
Jobs committed5Developer agrees to create five (5) new Full-Time Equivalent Employment Positions1
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage1,300Property. The word "Property" means the approximately 1,300 acre tract or tracts of land in Hopkins County, Texas3
Performance deadlineDecember 31, 2022Developer covenants and agrees to complete construction of the Project by December 31, 2022.4
ExpirationDecember 31, 2032shall continue thereafter until December 31, 2032, unless terminated sooner under the provisions hereof.2
Effective dateSeptember 2021This instrument was acknowledged before me on the G Haay of Se ja fEV ¥ Nord Yv , 2021, by Megan Beauregard14
SignatoryMegan BeauregardBy: Megan Beauregard14
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 18

Solar Modules and Panels, Inverter Boxes, Meteorological Equipment, Operation and Maintenance Building, Electrical Substations, Associated Towers, Storage Systems, Racking and Mounting Structures, Combiner Boxes, Foundations, Roadways, Paving and Fencing, Generation Transmission Tie Line, Interconnection Facilities, Power Conditioning Equipment

Parcels · p. 16
R000027244 · R000021711
How to check this page

Every line above is in the contract.

Agreement 0004218 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.

[email protected]