The Abatement RegisterMcLennanAgreement 0005063
Texas Chapter 380 / 381 agreement · McLennan

RYONET CORPORATION

Agreement 0005063, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

$30,000.00committed capital investment
$110,000.00grant or incentive
September 30, 2020performance deadline
The obligation

What the contract requires.

“on or before September 30, 2020”Executed agreement, p. 1
“fill at the Facility a minimum of 9 new full-time jobs on or before December 31, 2020 and an additional 1 new full-time job on or before December 31, 2021”Executed agreement, p. 2
“$30,000.00 it real property improvements”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“RYONET shall make a repayment of all of the Remaining Incentive Funds 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 · $15,714.29

What was abated, and for how long.

—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 entityRYONET CORPORATIONRYONET CORPORATION1
Parent / guarantorNot stated in the agreement—
InstrumentPROGRAM PROJECT AGREEMENTPROGRAM PROJECT AGREEMENT1
Governing chapterNot stated in the agreement—
Capital investment$30,000.00$30,000.00 it real property improvements1
Grant or incentive$110,000.00grant funds in an amount not to exceed One Hundred, Ten Thousand Dollars ($110,000.00)1
Jobs committed10 figure does not appear in the sentence quoted beside itfill at the Facility a minimum of 9 new full-time jobs on or before December 31, 2020 and an additional 1 new full-time job on or before December 31, 20212
Wage requirement$13.50 per hourminimum base wage ol no less than thirteen and one-half dollars ($13.50) per hx2
Square footageNot stated in the agreement—
Acreage1.1478 acreson 1.1478 acres with a legal description of CROW SCALES, Block D, Lot 17, Acres 1.14781
Performance deadlineSeptember 30, 2020on or before September 30, 20201
ExpirationDecember 31, 2027This Agreement shall be effective from Effective Date until December 31, 2027.5
Effective date08-0F -2008-0F -201
SignatoryJim RiceAttention: Jim Rice6
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 1
139815
How to check this page

Every line above is in the contract.

Agreement 0005063 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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