The Abatement RegisterHaysAgreement 0004425
Texas Chapter 380 / 381 agreement · Hays

Amazon.com.kyde LLC

Agreement 0004425, filed with the Texas Comptroller by Hays County.

$131,000,000committed capital investment
15–85%of Real Property Taxes abated
December 31, 2017performance deadline
The obligation

What the contract requires.

“On or before December 31, 2017, Amazon and its Affiliates shall employ at least 350 persons in Jobs and maintain such level of employment during the Term.”Executed agreement, p. 5
“Amazon will provide at least 350 Jobs.”Executed agreement, p. 1
“approximately $131,000,000 in personal property, furniture, fixtures, equipment and inventory”Executed agreement, p. 1
The remedy

What the contract says happens.

“If, during any year of the Term of this Agreement, Amazon is not in compliance with its obligation to create and retain Jobs, no Chapter 381 Payment shall be due for that year and Amazon shall have no recourse or claim for recovery of the amount of the Chapter 381 Payment that would have otherwise been due for that year.”Executed agreement, p. 15

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 · Real Property Taxes · p. 2

What was abated, and for how long.

40%2018-2027
85%2018-2027
15% to 85%2018-2027

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 bodyHays Countythis Chapter 381 Economic Development Incentive Agreement (the “Agreement”) is entered into between Hays County, a political subdivision of the State of Texas (the “County”), and Amazon.com.kyde LLC1
Contracting entityAmazon.com.kyde LLCthis Chapter 381 Economic Development Incentive Agreement (the “Agreement”) is entered into between Hays County, a political subdivision of the State of Texas (the “County”), and Amazon.com.kyde LLC1
Parent / guarantorAmazon.com Inc.“Affiliate” means any entity that directly or indirectly controls, is controlled by, or is under common control with, Amazon.com Inc. or Amazon.3
InstrumentChapter 381 Economic Development Incentive Agreementthis Chapter 381 Economic Development Incentive Agreement (the “Agreement”)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT As of July 21, 2015 (the “Effective Date”) this Chapter 381 Economic Development Incentive Agreement (the “Agreement”) is entered into between Hays County, a political subdivision of the State of Texas (the “County”), and Amazon.com.kyde LLC, a limited liability company organized in the State of Delaware (“Amazon”) and duly authoriz—
Capital investment$131,000,000approximately $131,000,000 in personal property, furniture, fixtures, equipment and inventory1
Grant or incentiveNot stated in the agreement—
Jobs committed350 recital language, not a covenantAmazon will provide at least 350 Jobs.1
Wage requirementNot stated in the agreement—
Square footage855,000operate an approximately 855,000 square-foot fulfillment center1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2017On or before December 31, 2017, Amazon and its Affiliates shall employ at least 350 persons in Jobs and maintain such level of employment during the Term.5
ExpirationDecember 31, 2036The “Term” of this Agreement shall commence on the Effective Date and continue until December 31, 20364
Effective dateJuly 21, 2015As of July 21, 2015 (the “Effective Date”) this Chapter 381 Economic Development Incentive Agreement1
SignatoryDeon C. FullerName: Deon, C. Fuller23
Chain statusTerminal 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 0004425 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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