The Abatement RegisterTravisAgreement 0005313
Texas Chapter 380 / 381 agreement · Travis

Charles Schwab & Co., Inc.

Agreement 0005313, filed with the Texas Comptroller by Travis County.

$150,171,000committed capital investment
823permanent jobs committed
5%of Ad Valorem Taxes paid on Eligible Property abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“December 31, 2023 for Phase II of construction”Executed agreement, p. 2
“the Company shall create at least 823 New Full-time Jobs”Executed agreement, p. 12
“New Improvements $150,171,000”Executed agreement, p. 11
The repayment remedy

What happens if it is not met.

“The Company agrees that Grant Funds received by the Company for the last five (5) years of the Agreement are subject to recapture”Executed agreement, p. 21

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 · Ad Valorem Taxes paid on Eligible Property · p. 6

What was abated, and for how long.

48.5%January 1, 2018 - December 31, 2027

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 CountyTravis County, Texas, a political subdivision of the State of Texas ("County")1
Contracting entityCharles Schwab & Co., Inc.Charles Schwab & Co., Inc., a California corporation with its principal place of business in San Francisco, California1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development AgreementECONOMIC DEVELOPMENT AGREEMENT1
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”), including: Subsection 381.004(b), authorizing counties to develop and administer community and economic development program(s) to stimulate business and commercial activity in a county and Subsection 381.004(h), authorizing counties to develop and adminis—
Capital investment$150,171,000New Improvements $150,171,00011
Grant or incentiveNot stated in the agreement—
Jobs committed823the Company shall create at least 823 New Full-time Jobs12
Wage requirement$15.00Minimum Hourly Salary $ ~=—:15.0013
Square footage250,000 - 300,000The new facilities (“Facility”) include approximately 250,000 - 300,000 square feet or more of operating space1
Acreage50approximately 50 acres located at 2309 Gracy Farms, Austin, Texas1
Performance deadlineDecember 31, 2023December 31, 2023 for Phase II of construction2
ExpirationDecember 31, 2027“Agreement Term” means that time period commencing on the Effective Date of this Agreement, and continuing through December 31, 2027.2
Effective dateAugust 15, 2014“Effective Date” for purposes of the Agreement Term, will be August 15, 20142
SignatoryCooperCooper54
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 0005313 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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