The Abatement RegisterAndrewsAgreement 0004780
Texas Chapter 380 / 381 agreement · Andrews

PROSPERO SOLAR II, LLC

Agreement 0004780, filed with the Texas Comptroller by Andrews County, Texas.

$250,000,000.00committed capital investment
100%of Certified Appraised Value of all Improvements in the Certificate and of any and all otherwise taxable personal property owned by PROSPERO II abated
December 31, 2021performance deadline
The obligation

What the contract requires.

“constructing the Improvements by December 31, 2021”Executed agreement, p. 10
“create and maintain throughout the Term of this Agreement no fewer than three (3) new permanent jobs”Executed agreement, p. 9
“an amount estimated to be two hundred fifty million and zero one hundredths dollars ($250,000,000.00)”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“County shall have the right to recapture one hundred percent (100%) of taxes already actually abated under this Agreement”Executed agreement, p. 14

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 · Certified Appraised Value of all Improvements in the Certificate and of any and all otherwise taxable personal property owned by PROSPERO II · p. 11

What was abated, and for how long.

one hundred percent (100%)January 2022 to ten (10) full Calendar Years thereafter

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 bodyAndrews County, TexasTAX ABATEMENT AGREEMENT BETWEEN ANDREWS COUNTY, TEXAS1
Contracting entityPROSPERO SOLAR II, LLCAND PROSPERO SOLAR IT, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTHIS TAX ABATEMENT AGREEMENT (the “Agreement’)2
Governing chapterChapter 312, Tax Code (property tax abatement)and all other tangible personal property permitted by Chapter 312 of the Texas Tax Code and the Guidelines & Criteria, Tangible personal property located on the real property comprising the Site at any time before the period covered by this Agreement is not eligible for Abatement, nor is any real property comprising the Site.—
Capital investment$250,000,000.00an amount estimated to be two hundred fifty million and zero one hundredths dollars ($250,000,000.00)5
Grant or incentiveNot stated in the agreement—
Jobs committedthree (3) new permanent jobs recital language, not a covenantcreate and maintain throughout the Term of this Agreement no fewer than three (3) new permanent jobs9
Wage requirement$58,100 per yearshall be paid no less than approximately fifty-eight thousand one hundred dollars ($58,100) per year9
Square footageNot stated in the agreement—
Acreage3,864.7Total Acres: 3,864.744
Performance deadlineDecember 31, 2021constructing the Improvements by December 31, 202110
ExpirationNot stated in the agreement—
Effective dateFebruary 18, 2020DATED February 18, 20201
SignatoryPetey KeelName: Petey keel21
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 22

1) Solar modules/panels 2) Steel/aluminum/other metal mounting system with tracking capabilities 3) Underground conduit, communication cables, and electrical collection system wiring 4) Multiple combiner boxes 5) One or multiple project substation(s) including breakers, a transformer, and meters 6) Collection substation will be connected to utility interconnection by an above ground transmission line 7) Inverter boxes on concrete or gravel pads 8) Operations and maintenance facility 9) Fencing for safety and security 10) Telephone system 11) New or improved access and service roads 12) Meteorological equipment to measure solar irradiation and weather conditions

How to check this page

Every line above is in the contract.

Agreement 0004780 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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