The Abatement RegisterAndrewsAgreement 0004672
Texas Chapter 380 / 381 agreement · Andrews

J. Varner & Co. DBA Vessel Components

Agreement 0004672, filed with the Texas Comptroller by City of Andrews, Texas.

$450,000committed capital investment
2permanent jobs committed
100%of real property tax abated
TWELVE (12) MONTHSperformance deadline
The obligation

What the contract requires.

“COMPANY shall, within TWELVE (12) MONTHS of the execution of this Agreement, install or cause to be installed at its Corporate Headquarters on the PREMISES with total equipment costs (hereinafter referred to as IMPROVEMENTS) of approximately $450,000”Executed agreement, p. 2
“creation of two (2) new full-time Andrews-based JOBS within TWELVE (12) MONTHS of this Agreement”Executed agreement, p. 2
“install or cause to be installed at its Corporate Headquarters on the PREMISES with total equipment costs (hereinafter referred to as IMPROVEMENTS) of approximately $450,000”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“In the event of default with respect to the required IMPROVEMENTS, then pursuant to Tax Code Section 312.205(a}(4) all taxes which otherwise would have been paid to an affected party without the benefit of abatement (without the addition of penalty through the date of default, but with interest charged at the statutory rate for delinquent taxes as determined by Section 33.01 of the Tax Code of the State of Texas) wil”Executed agreement, p. 4

The remedy here is discretionary — the clause says it may be applied, not that it must be.

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 tax · p. 5

What was abated, and for how long.

100%seven (7) years
100%seven (7) years
100%seven (7) 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 bodyCity of Andrews, TexasCity of Andrews, Texas, a home rule municipality, duly acting herein by and through its Mayor, hereinafter referred to as ("CITY");1
Contracting entityJ. Varner & Co. DBA Vessel ComponentsJ. Varner & Co. DBA Vessel Components ("COMPANY"), duly acting by and through, Brook Varner, an owner authorized to enter into this Agreement.1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTAX ABATEMENT AGREEMENT1
Governing chapterChapter 312, Tax Code (property tax abatement)1333 establishing a Reinvestment Zone, for commercial or industrial tax abatement, hereinafter referred to as the ORDINANCE, as authorized by Chapter 312 of the Texas Tax Code, as amended, hereinafter referred to as STATUTE;—
Capital investment$450,000install or cause to be installed at its Corporate Headquarters on the PREMISES with total equipment costs (hereinafter referred to as IMPROVEMENTS) of approximately $450,0002
Grant or incentiveNot stated in the agreement—
Jobs committedtwo (2) new full-time Andrews-based JOBScreation of two (2) new full-time Andrews-based JOBS within TWELVE (12) MONTHS of this Agreement2
Wage requirementNot stated in the agreement—
Square footage10,400 S.F.WAREHOUSE: Z | BUILDING; tb | | ADDITION | nd | 80' X 130! | 10,400 S.F.15
Acreage1.00 ACREREMAINDER OF LOT 6 “ ANDREWS ECONOMIC «== 43637.27 SQ FT 7 BROOK R VARNER DEVELOPMENT CORP. @ 1.00 ACRE8
Performance deadlineTWELVE (12) MONTHSCOMPANY shall, within TWELVE (12) MONTHS of the execution of this Agreement, install or cause to be installed at its Corporate Headquarters on the PREMISES with total equipment costs (hereinafter referred to as IMPROVEMENTS) of approximately $450,0002
ExpirationNot stated in the agreement—
Effective dateAugust 21, 2019Witness our hands this _alzt day of Avagust 2019.6
SignatoryBrook VarnerBrook Varner, an owner authorized to enter into this Agreement.1
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 0004672 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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