The Abatement RegisterTravisAgreement 0005320
Texas Chapter 380 / 381 agreement · Travis

HID Global Corporation

Agreement 0005320, filed with the Texas Comptroller by Travis County.

$30,000,000committed capital investment
40%of Eligible Property abated
December 31, 2015performance deadline
The obligation

What the contract requires.

“Employment Year Two: 129 additional New Full-time Jobs by December 31, 2015, for a cumulative total of 276 New Full-time Jobs.”Executed agreement, p. 11
“Employment Year Two: 129 additional New Full-time Jobs by December 31, 2015, for a cumulative total of 276 New Full-time Jobs.”Executed agreement, p. 11
“1.8.1 | Investment of $30,000,000 in new facility and construction Completion Date for facility: on or before June 30, 2014.”Executed agreement, p. 2
Abatement schedule · Eligible Property · p. 5

What was abated, and for how long.

40%January 1, 2016 - December 31, 2025

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 HID Global Corporation1
Contracting entityHID Global CorporationThis Economic Development Agreement (“Agreement”) is entered into by and between Travis County, Texas, a political subdivision of the State of Texas (“County”), and HID Global Corporation1
Parent / guarantornullnull1
InstrumentEconomic Development AgreementThis Economic Development Agreement (“Agreement”) is entered into by and between Travis County, Texas, a political subdivision of the State of Texas (“County”), and HID Global Corporation1
Governing chapterChapter 380/381, Local Government CodeThe City is authorized by Chapter 380 of the Texas Local Government Code to create programs for the grant of public money to promote state and local economic development and to stimulate local business and commercial activity.—
Capital investment$30,000,0001.8.1 | Investment of $30,000,000 in new facility and construction Completion Date for facility: on or before June 30, 2014.2
Grant or incentivenullnull3
Jobs committed276 the quoted sentence states no obligationEmployment Year Two: 129 additional New Full-time Jobs by December 31, 2015, for a cumulative total of 276 New Full-time Jobs.11
Wage requirement$53,164(ii) Employment Years Three through Ten: $53,16412
Square footage200,000WHEREAS, the Company intends to develop a new manufacturing and distribution operations center (“Center”), with approximately 200,000 square feet or more1
Acreagenullnull25
Performance deadlineDecember 31, 2015Employment Year Two: 129 additional New Full-time Jobs by December 31, 2015, for a cumulative total of 276 New Full-time Jobs.11
ExpirationDecember 31, 20251.3 “Agreement Term” means that time period commencing on the Effective Date of this Agreement, and continuing through December 31, 2025.2
Effective dateOctober 1, 20121.12 “Effective Date” for purposes of the Agreement Term, will be October 1, 2012, upon execution of the Agreement by both Parties2
SignatoryDenis R. HébertDenis R. Hébert24
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 25

null

How to check this page

Every line above is in the contract.

Agreement 0005320 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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