The Abatement RegisterMcLennanAgreement 0005081
Texas Chapter 380 / 381 agreement · McLennan

UNCONDITIONAL LOVE INC.

Agreement 0005081, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

$31,000,000.00committed capital investment
$2,500,000.00grant or incentive
110permanent jobs committed
December 31, 2023performance deadline
The obligation

What the contract requires.

“On or before December 31, 2023, at least 10 additional, new full-time jobs”Executed agreement, p. 4
“create, fill, and retain at least 110 new full-time jobs”Executed agreement, p. 4
“total Thirty One Million Dollars ($31,000,000.00)”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“UNCONDITIONAL LOVE INC. shall make a repayment of all of the Incentive Funds actually received”Executed agreement, p. 7

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 · $500,000.00

What was abated, and for how long.

—annual

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 entityUNCONDITIONAL LOVE INC.UNCONDITIONAL LOVE INC.1
Parent / guarantorNot stated in the agreement—
InstrumentProgram Project AgreementPROGRAM PROJECT AGREEMENT1
Governing chapterNot stated in the agreement—
Capital investment$31,000,000.00total Thirty One Million Dollars ($31,000,000.00)3
Grant or incentive$2,500,000.00grant funds of an amount not to exceed Two Million, Five Hundred Thousand Dollars ($2,500,000.00)1
Jobs committed110create, fill, and retain at least 110 new full-time jobs4
Wage requirement$15.00 per hourprovides a minimum base wage of no less than fifteen dollars ($15.00) per hour2
Square footageNot stated in the agreement—
Acreage20.474 acresbusiness to be located on 20.474 acres at Lot 11, Block 6, Texas Central South Addition1
Performance deadlineDecember 31, 2023On or before December 31, 2023, at least 10 additional, new full-time jobs4
ExpirationDecember 31, 2027This Agreement shall be effective from the Effective Date until December 31, 2027.9
Effective date22 May 2020effective as of the £2 May of |Z1
SignatorySean KaneSean Kane, Co-CEO12
Chain statusSuperseded by agreement 0014546—
How to check this page

Every line above is in the contract.

Agreement 0005081 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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