The Abatement RegisterMcLennanAgreement 0005058
Texas Chapter 380 / 381 agreement · McLennan

LAMINATE TECHNOLOGIES OF TEXAS, INC.

Agreement 0005058, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

40permanent jobs committed
December 31, 2021performance deadline
The obligation

What the contract requires.

“by December 31, 2021”Executed agreement, p. 2
“create, fill, and retain a minimum of 40 new full-time, WMCEDC-eligible jobs”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“LAMINATE shall make a repayment of all of the Incentive Funds actually received upon sixty (60) days written demand by WMCEDC”Executed agreement, p. 4

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 · Equipment And Facility Investments

What was abated, and for how long.

—December 31, 2020
—December 31, 2021

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 bodyWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATIONWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION1
Contracting entityLAMINATE TECHNOLOGIES OF TEXAS, INC.LAMINATE TECHNOLOGIES OF TEXAS, INC.1
Parent / guarantorNot stated in the agreement—
InstrumentPROGRAM PROJECT AGREEMENTPROGRAM PROJECT AGREEMENT1
Governing chapterNot stated in the agreement—
Capital investmentNot stated in the agreement—
Grant or incentiveThree Hundred, Forty Thousand Dollars ($340,000.00)grant funds in an amount not to exceed Three Hundred, Forty Thousand Dollars ($340,000.00)1
Jobs committed40create, fill, and retain a minimum of 40 new full-time, WMCEDC-eligible jobs2
Wage requirementthirteen dollars ($13.00) per hourprovides a minimum base wage of no less than thirteen dollars ($13.00) per hour2
Square footageNot stated in the agreement—
Acreage37.2003 acreslocated on 37.2003 acres at PATRIOT HOMES, Block 1, Lot 2A1
Performance deadlineDecember 31, 2021by December 31, 20212
ExpirationDecember 31, 2026This Agreement shall be effective from Effective Date until December 31, 2026.5
Effective date2020effective as of the M, day o 20201
SignatoryFred ZoellerFred Zoeller8
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 0005058 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]