The Abatement RegisterAngelinaAgreement 0004776
Texas Chapter 380 / 381 agreement · Angelina

Sterling Lumber Company, LLC

Agreement 0004776, filed with the Texas Comptroller by Angelina County.

$25,000,000.00committed capital investment
100%of ad valorem taxes abated
December 31, 2022performance deadline
The obligation

What the contract requires.

“create a minimum of One-Hundred Fifty (150) permanent full-time jobs by December 31, 2022”Executed agreement, p. 3
“create a minimum of One-Hundred Fifty (150) permanent full-time jobs by December 31, 2022”Executed agreement, p. 3
“minimum capital investment of Twenty-Five Million Dollars ($25,000,000.00)”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“If during the Grant Term the Owner/Grantee permanently ceases operation in Angelina County, Texas, then the County shall be entitled to recapture ONE HUNDRED PERCENT (100%) of the Grant Funds awarded in prior years”Executed agreement, p. 6

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 taxes · p. 4

What was abated, and for how long.

100%Year One (2019)
100%Year Two (2020)
100%Year Three (2021)
100%Year Four (2022)
100%Year Five (2023)
100%Year Six (2024)
100%Year Seven (2025)
100%Year Eight (2026)
100%Year Nine (2027)
100%Year Ten (2028)

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 bodyAngelina CountyANGELINA COUNTY AND STERLING LUMBER COMPANY, LLC1
Contracting entitySterling Lumber Company, LLCANGELINA COUNTY AND STERLING LUMBER COMPANY, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development GrantEconomic Development Grant Program Agreement1
Governing chapterChapter 381, Local Government Codeand WHEREAS, the County is authorized by §381.004, et seq., Texas Local Government Code, to promote state and local economic development and to stimulate business and commercial activity within the County.—
Capital investment$25,000,000.00minimum capital investment of Twenty-Five Million Dollars ($25,000,000.00)2
Grant or incentiveNot stated in the agreement—
Jobs committed150 recital language, not a covenantcreate a minimum of One-Hundred Fifty (150) permanent full-time jobs by December 31, 20223
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage43.2943.29 ACRE TRACT10
Performance deadlineDecember 31, 2022create a minimum of One-Hundred Fifty (150) permanent full-time jobs by December 31, 20223
ExpirationDecember 31, 2028expiring on December 31, 2028 (the “Grant Term”)4
Effective dateOctober, 2018IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the DL Aa day of October, 20189
SignatoryCarter SterlingAttn: Carter Sterling, CEO8
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 0004776 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.

[email protected]