The Abatement RegisterBexarAgreement 0004679
Texas Chapter 380 / 381 agreement · Bexar

LGS INNOVATIONS LLC

Agreement 0004679, filed with the Texas Comptroller by BEXAR COUNTY.

$2,900,000.00committed capital investment
$50,000.00grant or incentive
December 31, 2024performance deadline
The obligation

What the contract requires.

“Improvements at the Project site must begin on or before December 31, 2019 and all of the investments contemplated by this Paragraph 4.02 must be substantially complete on or before December 31, 2024”Executed agreement, p. 9
“COMPANY will create new permanent, Four (4) full-time corporate employment positions with a minimum salary of Fifty Thousand Dollars ($50,000.00) per year at the Facility and Forty-Two (42) full-time corporate employment positions with a minimum salary of Seventy Thousand Dollars ($70,000.00) per year at the Facility”Executed agreement, p. 8
“intends to invest Two Million Nine Hundred Thousand Dollars ($2,900,000.00), via facility improvement and capital expenditure”Executed agreement, p. 4
The repayment remedy

What happens if it is not met.

“The COUNTY shall have the right to recapture all Funds paid to COMPANY pursuant to this Agreement (upon delivery of notice and expiration of the Cure Period as set forth in Article II, Section 2.03) if COMPANY: a) fails to create, fill and maintain the Employment Positions as described in Articles III and IV above and maintain the same until the expiration of the Term of this Agreement ("Event of Recapture").”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 · 10 New Positions

What was abated, and for how long.

—Year 1
—Year 2
—Year 3
—Year 4
—Year 5

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 COUNTYby and between BEXAR COUNTY, a political subdivision of the State of Texas ("COUNTY"), duly acting herein by and through the Bexar County Commissioners Court (the "Commissioners Court") for and on behalf of COUNTY4
Contracting entityLGS INNOVATIONS LLCand LGS INNOVATIONS LLC, a Delaware limited liability company authorized to do business in the State of Texas ("COMPANY")4
Parent / guarantorLGS Innovations LLCName of parent company (If applicable): LGS Innovations LLC21
InstrumentSkills Development Grant AgreementThe Court hereby ordered and approved a motion approving of a Skills Development Grant Agreement1
Governing chapterChapter 381, Local Government CodeCOUNTY and COMPANY may be referred to in this Agreement individually as “Party” and collectively as the “Parties.” WITNESSETH: WHEREAS, the Texas Legislature has determined through Section 381.004(b)(1) and (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: i) st—
Capital investment$2,900,000.00intends to invest Two Million Nine Hundred Thousand Dollars ($2,900,000.00), via facility improvement and capital expenditure4
Grant or incentive$50,000.00the COUNTY shall grant to COMPANY a sum not to exceed the amount of Fifty Thousand Dollars and No Cents ($50,000.00)10
Jobs committed46 figure does not appear in the sentence quoted beside itCOMPANY will create new permanent, Four (4) full-time corporate employment positions with a minimum salary of Fifty Thousand Dollars ($50,000.00) per year at the Facility and Forty-Two (42) full-time corporate employment positions with a minimum salary of Seventy Thousand Dollars ($70,000.00) per year at the Facility8
Wage requirement$50,000 annuallybased on 100 new jobs paying at least $50,000 annually, excluding benefits, bonuses and commissions2
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2024Improvements at the Project site must begin on or before December 31, 2019 and all of the investments contemplated by this Paragraph 4.02 must be substantially complete on or before December 31, 20249
ExpirationJuly 1, 2029this Agreement shall be effective as of the Effective Date and shall terminate on July 1, 2029 ("Term").6
Effective dateDecember 3, 2019December 3, 2019 Economic and Community Development1
SignatoryMICUL THOMPSONMICUL THOMPSON Title: VP, Deputy ON oc Counsel19
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 0004679 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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