The Abatement RegisterHaysAgreement 0004485
Texas Chapter 380 / 381 agreement · Hays

Exeter Buda Land, L.P.

Agreement 0004485, filed with the Texas Comptroller by Hays County.

$125,000.00grant or incentive
15–30%of Project Tax Increment abated
January 1, 2021performance deadline
The obligation

What the contract requires.

“at least fifty (50) Jobs have been created on or transferred to the Property on or before January 1st of each year beginning in 2021”Executed agreement, p. 3
“provide commercial lease space to a tenant or tenants that create approximately fifty (50) or more full-time jobs on the Property”Executed agreement, p. 1
The remedy

What the contract says happens.

“EXETER shall be obligated to re-pay the entire incentive amount paid to EXETER by the County as of the date of default”Executed agreement, p. 3

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 · Project Tax Increment · p. 4

What was abated, and for how long.

Fifteen percent (15%)Tax Year 2021
Thirty percent (30%)Tax Year 2021

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 Countybetween Hays County, a political subdivision of the State of Texas (the “County”), acting by and through its Commissioners Court1
Contracting entityExeter Buda Land, L.P.and Exeter Buda Land, L.P. (“EXETER”), a Texas limited partnership.1
Parent / guarantorExeter Industrial REIT IV LLCExeter Industrial REIT IV LLC,9
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement (“Agreement”)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT This Economic Development Incentive Agreement (“Agreement”) is made by and between Hays County, a political subdivision of the State of Texas (the “County”), acting by and through its Commissioners Court, and Exeter Buda Land, L.P.—
Capital investmentNot stated in the agreement—
Grant or incentive$125,000.00the County agrees to provide County Grant Payments to EXETER in an amount not to exceed One Hundred and Twenty-Five Thousand dollars ($125,000.00)4
Jobs committedfifty (50) or more full-time jobs recital language, not a covenantprovide commercial lease space to a tenant or tenants that create approximately fifty (50) or more full-time jobs on the Property1
Wage requirement$10 USD per hourwith an wage that meets or exceeds Ten Dollars ($10 USD) per hour3
Square footage300,000+ square footEXETER is incentivized to construct a 300,000+ square foot facility1
Acreage18.496 acresBEING a 18.496 acre (805,688 square feet) tract of land11
Performance deadlineJanuary 1, 2021at least fifty (50) Jobs have been created on or transferred to the Property on or before January 1st of each year beginning in 20213
ExpirationDecember 31, 2026and expiring on December 31, 20262
Effective dateJanuary 1, 2021shall continue in effect for six (6) years from 12:00 a.m. on January 1, 20212
SignatoryNot stated in the agreement—
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 0004485 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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