The Abatement RegisterHopkinsAgreement 0004403
Texas Chapter 380 / 381 agreement · Hopkins

PINE FOREST HYBRID I, LLC

Agreement 0004403, filed with the Texas Comptroller by HOPKINS COUNTY, TEXAS.

$150,000,000.00committed capital investment
2permanent jobs committed
100%of County ad valorem taxes abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“Developer covenants and agrees to complete construction of the Project by December 31, 2023.”Executed agreement, p. 4
“Developer agrees to create two (2) new Full-Time Equivalent Employment Positions”Executed agreement, p. 1
“capital investment of more than One hundred fifty million and no/100 dollars ($150,000,000.00) towards the Project”Executed agreement, p. 1
The remedy

What the contract says happens.

“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 entityPINE FOREST HYBRID I, LLCPINE FOREST HYBRID I, LLC a Delaware Limited Liability Company (hereinafter referred to as the "Developer")1
Parent / guarantorNot stated in the agreement—
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 1 \4 HOPKINS COUNTY CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEM.ENT (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 PINE FOREST HYBRID I, LLC a Delaware Limited Liability Company—
Capital investment$150,000,000.00capital investment of more than One hundred fifty million and no/100 dollars ($150,000,000.00) towards the Project1
Grant or incentiveNot stated in the agreement—
Jobs committed2Developer agrees to create two (2) new Full-Time Equivalent Employment Positions1
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage1,883.1The word "Property" means the approximately |,883.l-acre tract or tracts of land in Hopkins County, Texas3
Performance deadlineDecember 31, 2023Developer covenants and agrees to complete construction of the Project by December 31, 2023.4
ExpirationDecember 31, 2032shall continue thereafter until December 31, 2032, unless terminated sooner under the provisions hereof.2
Effective dateMarch 31, 2021This instrument was acknowledged before me on the aii day of =" Biren 2au , 2021, by Shannon McCall12
SignatoryShannon McCallShannon McCall of the Pine Forest Hybrid I, LLC, on behalf of said company.12
Chain statusSuperseded by agreement 0014040—
Project components · p. 16

Battery storage of energy, Inverter Boxes, Electrical Substations, Associated Towers, Combiner Boxes, Foundations, Roadways, Paving and Fencing, Generation Transmission Tie Line, Interconnection Facilities, Power Conditioning Equipment

Parcels · p. 15
R000012160 · 3492 · 13493 · 3496 · 3497 · 13498 · 000013500 · 000013501 · R000013502 · R000017461 · R000017752 · 1737 · R000021799 · R000022149 · R000022150 · 2000022154 · R000022 · R000022163 · R000022 · R000022 · R000022170 · R000022171 · R000022 · 000022175 · R000022187 · 000022788 · R000022 · R000022204 · 2000025431
How to check this page

Every line above is in the contract.

Agreement 0004403 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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