The Abatement RegisterTravisAgreement 0005293
Texas Chapter 380 / 381 agreement · Travis

Apple Inc.

Agreement 0005293, filed with the Texas Comptroller by Travis County.

$226,000,000committed capital investment
3635permanent jobs committed
40–60%of excess of the Payment Year Ad Valorem Taxes paid on Eligible Property over the Base Year Ad Valorem Taxes paid on Eligible Property abated
December 31, 2025performance deadline
The obligation

What the contract requires.

“In addition to retaining 3,100 Existing Full-time Jobs, the Company shall create at least 3,635 New Full-time Jobs by December 31, 2025.”Executed agreement, p. 11
“In addition to retaining 3,100 Existing Full-time Jobs, the Company shall create at least 3,635 New Full-time Jobs by December 31, 2025.”Executed agreement, p. 11
“Phase II will have approximately 800,000 square feet in several buildings, and the Company will invest a minimum of $226,000,000 for New Improvements and New Machinery and Equipment for Phase II by no later than December 31, 2021.”Executed agreement, p. 10
The repayment remedy

What happens if it is not met.

“In the event this Agreement is terminated by the County pursuant to this paragraph (a), the County shall have the right to recapture all of the Agreement Funds paid to the Company for the two (2) previous years pursuant to paragraph (a) of Section 8.2”Executed agreement, p. 19

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 · excess of the Payment Year Ad Valorem Taxes paid on Eligible Property over the Base Year Ad Valorem Taxes paid on Eligible Property · p. 6

What was abated, and for how long.

60%January 1, 2016 — December 31, 2025
40%January 1, 2026 — December 31, 2030

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 bodyTravis CountyThis Economic Development Agreement (“Agreement”) is entered into by and between Travis County, Texas, a political subdivision of the State of Texas (“County”), and Apple Inc.1
Contracting entityApple Inc.This Economic Development Agreement (“Agreement”) is entered into by and between Travis County, Texas, a political subdivision of the State of Texas (“County”), and Apple Inc.1
Parent / guarantorNot stated in the agreement—
InstrumentRebate1.32 “Rebate” means grant funds paid by the County to the Company (pursuant to Texas Local Government Code, Chapter 381, Subsection 381.004(h) and other statutes) as a result of performance of obligations under this Agreement, the amount of which is based on a percentage of specified Ad Valorem Taxes paid by the Company on the Eligible Property.4
Governing chapterChapter 381, Local Government CodeRECITALS WHEREAS, Travis County is authorized to enter into this Agreement under Chapter 381 of the Texas Local Government Code (“Chapter 381’);—
Capital investment$226,000,000Phase II will have approximately 800,000 square feet in several buildings, and the Company will invest a minimum of $226,000,000 for New Improvements and New Machinery and Equipment for Phase II by no later than December 31, 2021.10
Grant or incentiveNot stated in the agreement—
Jobs committed3,635In addition to retaining 3,100 Existing Full-time Jobs, the Company shall create at least 3,635 New Full-time Jobs by December 31, 2025.11
Wage requirement$54,000Required Annual Compensation. The Required Annual Compensation for all New Full-time Jobs, excluding Contract Jobs, must not be less than the following amounts at the end of each Employment Year: Required Annual Employment Year Compensation One $ 54,00012
Square footage1,000,000Americas Operations Center ("Americas Operations Center," or “Center”), with up to 200,000 square feet in Phase I and up to 800,000 square feet in Phase II1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2025In addition to retaining 3,100 Existing Full-time Jobs, the Company shall create at least 3,635 New Full-time Jobs by December 31, 2025.11
ExpirationDecember 31, 20301.39 “Termination Date” means the earlier to occur of (a) December 31, 2030, or (b) the date on which this Agreement Term is terminated pursuant to the other provisions of this Agreement.5
Effective dateMay 1, 20121.15 “Effective Date” for purposes of the Agreement Term, will be May 1, 2012, upon execution of the Agreement by both Parties.2
SignatoryDana PesceBy: Deiat ca Eup. By: Samuel T. Biscoe N e: County Judge Title: ‘a Date: May / , 2012 Date: May 99, 201225
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 0005293 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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