Agreement 0004990, filed with the Texas Comptroller by CITY OF LORENA, TEXAS.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | CITY OF LORENA, TEXASCITY OF LORENA, TEXAS (the “City”) | 1 |
| Contracting entity | REINVESTMENT ZONE NUMBER ONE EAST, CITY OF LORENAREINVESTMENT ZONE NUMBER ONE EAST, CITY OF LORENA (the “Reinvestment Zone” or Zone”) | 1 |
| Parent / guarantor | MCLENNAN COUNTYMCLENNAN COUNTY (the “County”) | 1 |
| Instrument | Economic Development AgreementECONOMIC DEVELOPMENT AGREEMENT | 1 |
| Governing chapter | Not stated in the agreement | — |
| Capital investment | $7,670,000Artertal Road 100’row 4 lanes 2 bike tanes «sidewalls CidWacoTemple Rd from... to... Cooksey Lane north to ET) Emits $ 7,670,000 | 17 |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | Not stated in the agreement | — |
| Acreage | Not stated in the agreement | — |
| Performance deadline | Not stated in the agreement | — |
| Expiration | December 31, 2050(a) December 31, 2050; or (b) the date on which all project costs, reimbursement of contributions made to the Reinvestment Zone by the City, tax increment bonds and interest on those bonds, and all other obligations of the Reinvestment Zone and interest thereon, have been paid in full. | 3 |
| Effective date | February 19, 2019Hon. Scott Felton, County Judge Date | 5 |
| Signatory | Not stated in the agreement | — |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0004990 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.
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 I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.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.