The Abatement RegisterAustinAgreement 0005259
Texas Chapter 380 / 381 agreement · Austin

BOVINE SOLAR, LLC

Agreement 0005259, filed with the Texas Comptroller by Austin County.

$12,100,000committed capital investment
40–100%of property taxes for the facility abated
The obligation

What the contract requires.

“Construction of the facility was substantially complete as of 12/31/2019.”Executed agreement, p. 13
“Construction of a 1OMW Solar Farm facility with an initial capital investment in, building, infrastructure and equipment of $12,100,000;”Executed agreement, p. 2

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

Statutory clause

This is not a performance remedy.

“if BOVINE SOLAR, LLC is convicted of a violation under 8 U.S.C. Section 1324a(f), during the term of this Agreement BOVINE SOLAR, LLC shall repay to the County the full amount of payments made under this Agreement, plus ten percent (10%) per annum”Executed agreement, p. 4

Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.

Abatement schedule · property taxes for the facility · p. 2

What was abated, and for how long.

100%Year 1
90%Year 2
80%Year 3
70%Year 4
60%Year 5
50%Year 6
40%Year 7

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 bodyAustin CountyTHIS AGREEMENT by and between Austin County, a Texas county ("County")1
Contracting entityBOVINE SOLAR, LLCCypress Creek Renewables, a California corporation, or its successor or assigns ("BOVINE SOLAR, LLC")1
Parent / guarantorCypress Creek RenewablesCypress Creek Renewables, a California corporation, or its successor or assigns ("BOVINE SOLAR, LLC")1
InstrumentEconomic Development GrantIn consideration of the Economic Development Grants, BOVINE SOLAR, LLC agrees to provide the following:2
Governing chapterChapter 381, Local Government Codeand WHEREAS, in accordance with Article III, Section 52-a of the Texas Constitution and Chapter 381 of the Texas Local Gov’t Code, the County may establish and provide for the administration of a program for making loans and grants of public money to promote state or local economic development and to stimulate business and commercial activity in the County;—
Capital investment$12,100,000Construction of a 1OMW Solar Farm facility with an initial capital investment in, building, infrastructure and equipment of $12,100,000;2
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—
Acreage89.1 acresBOVINE SOLAR, LLC has contracted to purchase or owns a certain tract of land totaling approximately 89.1 acres1
Performance deadlineDecember 31, 2019 date not fully supported by the quoted sentenceConstruction of the facility was substantially complete as of 12/31/2019.13
ExpirationDecember 31, 2025This Agreement will remain in force and effect for seven (7) years beginning from January 1, 20197
Effective dateApril 9, 2018is entered into on this__ 9" day of April _, 2018 (the “Effective Date”).1
SignatoryGeoff FallonBy: Slants a bw, Geoff Fallon Authorized Person8
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 0005259 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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