The Abatement RegisterBexarAgreement 0004677
Texas Chapter 380 / 381 agreement · Bexar

Pentagon Federal Credit Union

Agreement 0004677, filed with the Texas Comptroller by Bexar County.

$5,411,143.00committed capital investment
$380,662.00grant or incentive
December 31, 2021performance deadline
The obligation

What the contract requires.

“must be substantially complete on or before December 31, 2021”Executed agreement, p. 4
“create at least Five Hundred Seventy-One (571) “New Full-Time Employment Positions””Executed agreement, p. 8
“Five Million Four Hundred Eleven Thousand One Hundred Forty-Three Dollars and No Cents ($5,411,143.00) of personal property improvements”Executed agreement, p. 4
The remedy

What the contract says happens.

“On or before December 31, 2023 (the 100% “Initial Period”)”Executed agreement, p. 16

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 · 130 Employment Positions

What was abated, and for how long.

—Year 1 (2019)
—Year 2 (2020)
—Year 3 (2021)
—Year 4 (2022)
—Year 5 (2023)

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 CountyBEXAR COUNTY, a political subdivision of the State of Texas4
Contracting entityPentagon Federal Credit UnionPentagon Federal Credit Union, a federally chartered credit union authorized to do business under the laws of the State of Texas4
Parent / guarantorNot stated in the agreement—
InstrumentGrant AgreementGrant Agreement4
Governing chapterChapter 381, Local Government CodeESTIMATED PRESENTATION TIME: N/A BACKGROUND: At its October 15, 2019 meeting Commissioners Court approved a grant agreement with Chapter 381 Economic Development Grant in the amount of $380,662 contingent upon a capital investment of $8.9 million by December 31, 2020 and creation of a minimum of 571 new, full time jobs within 5 years.—
Capital investment$5,411,143.00Five Million Four Hundred Eleven Thousand One Hundred Forty-Three Dollars and No Cents ($5,411,143.00) of personal property improvements4
Grant or incentive$380,662.00THREE HUNDRED EIGHTY THOUSAND SIX HUNDRED SIXTY-TWO DOLLARS AND NO CENTS ($380,662.00)15
Jobs committed571 recital language, not a covenantcreate at least Five Hundred Seventy-One (571) “New Full-Time Employment Positions”8
Wage requirement$50,000.00Two Hundred Twenty-One (221) of these New Employment Positions will have an annual salary of at least Fifty-Thousand Dollars and No Cents ($50,000.00)8
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2021must be substantially complete on or before December 31, 20214
ExpirationDecember 31, 2029this Agreement shall be effective as of the Effective Date and shall terminate on December 31, 202910
Effective dateDecember 3, 2019executed by the COUNTY on December 3, 20194
SignatoryS. Jamie GaytonS. Jamie Gayton County Judge Executive Vice President, Member5
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 36
34920 · 0010
How to check this page

Every line above is in the contract.

Agreement 0004677 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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