The Abatement RegisterMcLennanAgreement 0004999
Texas Chapter 380 / 381 agreement · McLennan

CITY OF LORENA, TEXAS

Agreement 0004999, filed with the Texas Comptroller by McLENNAN COUNTY, TEXAS.

70%of property tax revenues abated
December 31, 2050performance deadline
The obligation

What the contract requires.

“but in any circumstance shall be completed prior to the termination of the Zone or December 31, 2050”Executed agreement, p. 4
The remedy

The agreement terminates.

“If termination of this Agreement by the County is for the breach of 2.2 above, the County may, in addition to terminating this Agreement, recover from the City grant funds paid to the City hereunder based on the percentage of non-compliance.”Executed agreement, p. 5

This clause ends the agreement. It states no repayment of money already received.

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 · property tax revenues · p. 2

What was abated, and for how long.

70%March 1 and August 1 of each year
70%January 31, April 30, July 31, October 31 of each year

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 bodyMcLENNAN COUNTY, TEXASMcLENNAN COUNTY, TEXAS (hereinafter “County”)1
Contracting entityCITY OF LORENA, TEXASCITY OF LORENA, TEXAS (hereinafter “City”)1
Parent / guarantorNot stated in the agreement—
InstrumentgrantThe County’s Program with relation to the 381 Basin G Area is based on grant funding.2
Governing chapterChapter 381, Local Government CodeThe amount of the grant, as a grant authorized under §381.004(h) of the Texas Local Government Code, is equal to 70% of the amount by which the property tax revenues actually collected by the County for each tax year covered by this Agreement based on the assessed values of the real properties and taxable personal property located within the 381 Basin G Area for each tax year exceed the property t—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2050but in any circumstance shall be completed prior to the termination of the Zone or December 31, 20504
ExpirationDecember 31, 2050terminates on the earlier of: (a) December 31, 20502
Effective dateDecember 19, 2017This term of Agreement begins on December 19, 20172
SignatoryNot stated in the agreement—
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 12
358366 · 131541 · 1528
How to check this page

Every line above is in the contract.

Agreement 0004999 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]