The Abatement RegisterEl PasoAgreement 0005321
Texas Chapter 380 / 381 agreement · El Paso

Schneider Electric USA, Inc.

Agreement 0005321, filed with the Texas Comptroller by COUNTY OF EL PASO, TEXAS.

$7,000,000.00committed capital investment
$147,647.46grant or incentive
193permanent jobs committed
25–50%of incremental ad valorem property tax revenue abated
2 years from the Effective Dateperformance deadline
The obligation

What the contract requires.

“Failure of the Applicant to receive its Certificate of Occupancy within two (2) years of the Effective Date of this Agreement shall result in the immediate termination of this Agreement.”Executed agreement, p. 3
“create and maintain at a minimum one hundred ninety-three (193) additional jobs”Executed agreement, p. 14
“Qualified Expenditures of not less than Seven Million and 00/100 Dollar ($7,000,000.00)”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“all Grant Payments previously provided by the County pursuant to this Agreement shall be recaptured and repaid by Applicant within sixty (60) days”Executed agreement, p. 6

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 · incremental ad valorem property tax revenue · p. 14

What was abated, and for how long.

25%10 years
50%10 years

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 bodyCOUNTY OF EL PASO, TEXASCOUNTY OF EL PASO, TEXAS ("County")1
Contracting entitySchneider Electric USA, Inc.Schneider Electric USA, Inc. ("Applicant")1
Parent / guarantorNot stated in the agreement—
InstrumentGrantThe word "Grant" means a payment on a yearly basis to Applicant under the terms of this Agreement2
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS ) ) CHAPTER 381 ECONOMIC DEVELOPMENT COUNTY OF EL PASO _) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between the COUNTY OF EL PASO, TEXAS (“County”), a Texas home rule municipal corporation, and Schneider Electric USA, Inc.—
Capital investment$7,000,000.00Qualified Expenditures of not less than Seven Million and 00/100 Dollar ($7,000,000.00)3
Grant or incentive$147,647.46shall in no event exceed the total amount of One Hundred Forty-seven Thousand Six Hundred Forty-seven and 46/100 Dollars ($147,647.46)2
Jobs committed193create and maintain at a minimum one hundred ninety-three (193) additional jobs14
Wage requirement$12.25 per hourthe Median County Wage established for 2013, which is $12.25 per hour14
Square footage125,000The Development is estimated to require approximately 125,000 square feet of industrial facility.13
AcreageNot stated in the agreement—
Performance deadline2 years from the Effective DateFailure of the Applicant to receive its Certificate of Occupancy within two (2) years of the Effective Date of this Agreement shall result in the immediate termination of this Agreement.3
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryN/ANahe WhAcd, Nn dds Son12
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 5
98645
How to check this page

Every line above is in the contract.

Agreement 0005321 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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