The Abatement RegisterComalAgreement 0004762
Texas Chapter 380 / 381 agreement · Comal

Ben E. Keith Company

Agreement 0004762, filed with the Texas Comptroller by Comal County, Texas.

$75,000,000.00committed capital investment
537permanent jobs committed
30–70%of Ad Valorem Tax Revenues abated
January 1, 2020performance deadline
The obligation

What the contract requires.

“install machinery, equipment, furniture, and fixtures on or before January 1, 2020”Executed agreement, p. 3
“December 31, 2025 537 $38,500,000.00”Executed agreement, p. 3
“Ben E. Keith desires to invest approximately $75,000,000.00 cumulatively”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“If this Agreement is terminated due to default of Ben E. Keith, the County will seek to recapture, and Ben E. Keith agrees to repay, one hundred percent (100%) of the last Chapter 381 Payment rebated”Executed agreement, p. 8

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 · Ad Valorem Tax Revenues · p. 4

What was abated, and for how long.

Seventy percent (70%)1-3
Fifty-five percent (55%)4-6
Thirty percent (30%)7-8

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 bodyComal County, TexasComal County, Texas, a political subdivision of the State of Texas (the “County”)1
Contracting entityBen E. Keith CompanyBen E. Keith Company d/b/a Ben E. Keith Foods, a Texas corporation (“Ben E. Keith”)1
Parent / guarantorNot stated in the agreement—
Instrumentad valorem tax rebateestablish an ad valorem tax rebate to Ben E. Keith1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN COMAL COUNTY, TEXAS AND BEN E.—
Capital investment$75,000,000.00Ben E. Keith desires to invest approximately $75,000,000.00 cumulatively1
Grant or incentiveNot stated in the agreement—
Jobs committed537December 31, 2025 537 $38,500,000.003
Wage requirement$28,000,000.00December 31, 2020 400 $28,000,000.003
Square footage450,000consisting of at least 450,000 square-feet1
Acreage88-acreapproximately 88-acre tract of land1
Performance deadlineJanuary 1, 2020install machinery, equipment, furniture, and fixtures on or before January 1, 20203
ExpirationDecember 31, 2027terminate on the eighth (8"") anniversary of the Ad Valorem Tax Effective Date3
Effective dateJuly 23, 2019Date: ELUM Y 23 20 111
SignatoryGordon CrowGordon Crow Chief Financial Officer11
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 0004762 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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