The Abatement RegisterBexarAgreement 0004676
Texas Chapter 380 / 381 agreement · Bexar

Marmaxx Operating Corporation

Agreement 0004676, filed with the Texas Comptroller by Bexar County.

$1,300,000grant or incentive
December 31, 2022performance deadline
The obligation

What the contract requires.

“Grantee shall cause the Facility and related Eligible Improvements to be substantially complete on or before December 31, 2022”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“Grantee shall repay all Grant funds received under this Agreement (upon delivery of notice and expiration of any applicable Cure Period as set forth in Article VI) if: i) Grantee fails to substantially complete the Project within the time periods set out in Paragraph 2.02”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 Improvements · p. 3

What was abated, and for how long.

$250,0002019
$300,0002023

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 bodyBexar Countythe County of Bexar, a political subdivision of the State of Texas ("County")4
Contracting entityMarmaxx Operating CorporationMarmaxx Operating Corporation, a company in good standing and duly authorized to conduct business under the laws of the State of Texas ("Grantee")4
Parent / guarantorThe TJX Companies, Inc.c/o The TJX Companies, Inc. 770 Cochituate Road Framingham, MA 0208113
Instrument381 Development Agreement381 Development Agreement between Bexar County and Marmaxx Operating Corporation1
Governing chapterChapter 381, Local Government CodeWHEREAS, pursuant to the authority granted under Article 3, Section 52-a of the Texas Constitution, the Texas Legislature has determined through Section 381.004(b)(1) and (b)(3) of the Texas Local Government Code (the “Code”) that a public purpose is served by a county stimulating business and commercial activity by developing and administering a program for: state and local economic development a—
Capital investmentNot stated in the agreement—
Grant or incentive$1,300,000The total amount of the Grant authorized under this Agreement shall not exceed the lesser of ONE MILLION THREE HUNDRED THOUSAND DOLLARS ($1,300,000.00)7
Jobs committednull figure taken from a schedule, not from covenant language—
Wage requirementnull—
Square footage1.2 Million square foota new, approximately 1.2 Million square foot facility6
Acreagenull—
Performance deadlineDecember 31, 2022Grantee shall cause the Facility and related Eligible Improvements to be substantially complete on or before December 31, 20226
ExpirationDecember 31, 2022Grantee shall cause the Facility and related Eligible Improvements to be substantially complete on or before December 31, 20226
Effective dateDecember 19, 2017December 19, 20171
SignatoryMatthew HayesMatthew Hayes, Vice President16
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. ?

null

How to check this page

Every line above is in the contract.

Agreement 0004676 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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