The Abatement RegisterMcLennanAgreement 0005078
Texas Chapter 380 / 381 agreement · McLennan

ENVASES COMMERCE, LLC

Agreement 0005078, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

$65,000,000.00committed capital investment
$4,000,000.00grant or incentive
121permanent jobs committed
December 31, 2022performance deadline
The obligation

What the contract requires.

“On or before December 31, 2022, ENVASES shall create, fill, and retain at least 60 additional Jobs for a total of 121 WMCEDC-eligible Jobs”Executed agreement, p. 4
“ENVASES shall create, fill, and retain at least 121 new, full-time jobs”Executed agreement, p. 4
“no less than Sixty-Five Million Dollars ($65,000,000.00) in personal property improvements”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Companies shall make a repayment of all of the Incentive Funds actually received upon sixty (60) days written demand by WMCEDC”Executed agreement, p. 6

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 · Land Acquisition Costs

What was abated, and for how long.

—April 19, 2021
—December 1, 2021
—March 1, 2022

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 CORPORATION, a Texas non-profit corporation ("WMCEDC").1
Contracting entityENVASES COMMERCE, LLCENVASES COMMERCE, LLC, a Delaware limited liability company ("ENVASES")1
Parent / guarantorIZ TEXAS, LLCIZ TEXAS, LLC, a Texas limited liability company (hereinafter "IZ")1
InstrumentProgram Project AgreementTHIS PROGRAM PROJECT AGREEMENT (the “Agreement”)1
Governing chapterNot stated in the agreement—
Capital investment$65,000,000.00no less than Sixty-Five Million Dollars ($65,000,000.00) in personal property improvements3
Grant or incentive$4,000,000.00grant funds of an amount not to exceed Four Million ($4,000,000.00)1
Jobs committed121ENVASES shall create, fill, and retain at least 121 new, full-time jobs4
Wage requirement$15.00 per houra minimum wage of no less than $15.00 per hour for at least 113 of the Jobs4
Square footage450,000 square feeta certificate of occupancy for an aluminum beverage packaging manufacturing use at the Facility which shall be at a minimum 450,000 square feet3
Acreage60.9 acresapproximately 60.9 acres, located along Wycon Drive, Waco, Texas1
Performance deadlineDecember 31, 2022On or before December 31, 2022, ENVASES shall create, fill, and retain at least 60 additional Jobs for a total of 121 WMCEDC-eligible Jobs4
ExpirationDecember 31, 2026This Agreement shall be effective from Effective Date until December 31, 2026 (the “Term”).8
Effective dateJanuary 11, 2021effective as of the 11 day of January, 2021 (the “Effective Date”)1
SignatoryFrancisco Javier Pietrini ZapataFrancisco Javier Pietrini Zapata, Manager (Title)11
Chain statusSuperseded by agreement 0010883—
How to check this page

Every line above is in the contract.

Agreement 0005078 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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