The Abatement RegisterCallahanAgreement 0004564
Texas Chapter 380 / 381 agreement · Callahan

KC Wind, LLC

Agreement 0004564, filed with the Texas Comptroller by Callahan County, Texas.

$130,000,000committed capital investment
100%of Eligible Property abated
December 31, 2020performance deadline
The obligation

What the contract requires.

“Owner agrees that the Project, if built, shall achieve Commercial Operations on or before December 31, 2020.”Executed agreement, p. 5
“will use commercially reasonable efforts to collectively employ at least three (3) full-time Project employees.”Executed agreement, p. 13
“It is anticipated that Owner will make a capital investment of approximately one hundred thirty million dollars ($130,000,000).”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“cancel this Agreement and recapture property tax revenue, if any, lost as a result of this Agreement”Executed agreement, p. 10

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 · Eligible Property · p. 6

What was abated, and for how long.

100%ten (10) full calendar years

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 bodyCallahan County, Texasbetween Callahan County, Texas and KC Wind, LLC1
Contracting entityKC Wind, LLCbetween Callahan County, Texas and KC Wind, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTax Abatement Agreement1
Governing chapterChapter 312, Tax Code (property tax abatement)WHEREAS, the Commissioners Court of Callahan County, Texas (the “County Commissioners Court”) desires to promote economic development within its jurisdiction as authorized by the Property Redevelopment and Tax Abatement Act, as amended (Texas Tax Code § 312.001, et seg.), and the Guidelines;—
Capital investment$130,000,000It is anticipated that Owner will make a capital investment of approximately one hundred thirty million dollars ($130,000,000).5
Grant or incentiveNot stated in the agreement—
Jobs committedthree (3) full-time Project employees a reasonable-efforts obligation, not a fixed commitmentwill use commercially reasonable efforts to collectively employ at least three (3) full-time Project employees.13
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage47,309 ACRESLEGAL, DESCRIPTION: BEING APPROXIMATELY 47,309 ACRES OF LAND21
Performance deadlineDecember 31, 2020Owner agrees that the Project, if built, shall achieve Commercial Operations on or before December 31, 2020.5
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryWilliam WhitlockWilliam Whitlock Ny 9) Vice President, Development B)16
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 0004564 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]