Agreement 0005322, filed with the Texas Comptroller by COUNTY OF EL PASO, TEXAS.
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| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | COUNTY OF EL PASO, TEXASCOUNTY OF EL PASO, TEXAS ("County"), a political subdivision of the State of Texas | 1 |
| Contracting entity | CHARLES SCHWAB & CO., INC.CHARLES SCHWAB & CO., INC. ("Applicant"), a California corporation | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | GrantThe word “Grant” means a payment on a yearly basis to Applicant under the terms of this Agreement | 2 |
| Governing chapter | Chapter 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 political subdivision of the State of Texas, and CHARLES SCHWAB & CO., INC. | — |
| Capital investment | $21,000,000.00Applicant agrees that it shall make or cause to be made Qualified Expenditures of not less than Twenty One Million and 00/100 Dollars ($21,000,000.00) | 3 |
| Grant or incentive | $69,545.06in an amount not to exceed $69,545.06 over the term of this Agreement | 2 |
| Jobs committed | 445Year 7-10 (2021-2024): Four Hundred Forty-Five (445) | 14 |
| Wage requirement | $12.25 per hourin no event shall the applicable Median County Wage used for determination of Grant Payment eligibility be less than the Median County Wage established for 2014, which is $12.25 per hour. | 14 |
| Square footage | 104,721 sq.ft.The Service Center is comprised of an existing 104,721 sq.ft. building (one story) | 13 |
| Acreage | 12.8240 ACAddress of property is 1945 Northwestern Drive, El] Paso, Texas (12.8240 AC) | 13 |
| Performance deadline | December 31, 2015Failure of the Applicant to receive its Certificate of Occupancy and meet its Full Time Employment job requirements for the year 2015 by December 31, 2015, shall result in the immediate termination of this Agreement. | 3 |
| Expiration | Not stated in the agreement | — |
| Effective date | October 27, 2014IN WITNESS WHEREOF, the parties have executed this Agreement on this the 27" day of October, 2014. | 11 |
| Signatory | GLEN NN Coorekby GLEN NN Coorek, ,as SA.VE (REUDEMT — of Charles Schwab & Co., Inc. | 12 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
The Service Center is comprised of an existing 104,721 sq.ft. building (one story) with approximately ~800 seats. Also included are 12.8 acres of adjacent land. Improvements noted in the investment schedule will include technology (voice and data) and building infrastructure, as well as additional parking and refresh of interiors as needed throughout the duration of the contract.
Agreement 0005322 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.
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.