The Abatement RegisterBexarAgreement 0004682
Texas Chapter 380 / 381 agreement · Bexar

Ernst & Young U.S. LLP

Agreement 0004682, filed with the Texas Comptroller by BEXAR COUNTY.

$100,000grant or incentive
December 31, 2023performance deadline
The obligation

What the contract requires.

“COMPANY covenants and agrees that it will create up to One Hundred (100) new employment positions with a minimum salary of Fifty-Thousand Dollars ($50,000.00) per year at the Facility (“New Employment Positions’) on or before December 31, 2023.”Executed agreement, p. 7
“They plan to make capital investments of $5.0 million and create 300 new jobs”Executed agreement, p. 2
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. 9

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 · 25 jobs

What was abated, and for how long.

—Year 1
—Year 2
—Year 3

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 Texas (“COUNTY”), duly acting herein by and through the Bexar County Commissioners Court (the “Commissioners Court”) for and on behalf of COUNTY4
Contracting entityErnst & Young U.S. LLPErnst & Young U.S. LLP, a Delaware limited liability partnership authorized to do business in the State of Texas (“COMPANY”)4
Parent / guarantorNot stated in the agreement—
InstrumentSkills Development GrantSkills 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), (3) and (4) 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: —
Capital investmentNot stated in the agreement—
Grant or incentive$100,000Skills Development Grant Agreement with Emst and Young U.S. LLP — Government and Public Sector for an amount not to exceed $100,0001
Jobs committed300 recital language, not a covenantThey plan to make capital investments of $5.0 million and create 300 new jobs2
Wage requirement$50,000The A 381 Grant of up to $100,000 will be based:on 100 new jobs paying at least $50,000 annually2
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2023COMPANY covenants and agrees that it will create up to One Hundred (100) new employment positions with a minimum salary of Fifty-Thousand Dollars ($50,000.00) per year at the Facility (“New Employment Positions’) on or before December 31, 2023.7
ExpirationDecember 31, 2029this Agreement shall be effective as of the Effective Date and shall terminate on December 31, 2029 (“Term”).6
Effective dateNot stated in the agreement—
SignatoryANDRON I. BENName: /\NbRON i. Ben19
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 0004682 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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