Agreement 0005324, filed with the Texas Comptroller by Travis County.
The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | Travis CountyThis Economic Development Agreement (“Agreement”) is entered into by and between Travis County, Texas, a political subdivision of the State of Texas (“County”), and Samsung Austin Semiconductor L.L.C. | 3 |
| Contracting entity | Samsung Austin Semiconductor L.L.C.This Economic Development Agreement (“Agreement”) is entered into by and between Travis County, Texas, a political subdivision of the State of Texas (“County”), and Samsung Austin Semiconductor L.L.C. | 3 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Rebate1.24 “Rebate” means the full or partial refund of Ad Valorem Taxes paid by Company on the Eligible Property. | 6 |
| Governing chapter | Chapter 312, Tax Code, and Chapter 381, Local Government CodeRECITALS WHEREAS, Chapter of the TEXAS LOCAL GOVERNMENT CODE (“Chapter 381”), Subsection .004, authorizes counties to develop and administer community and economic development program(s) to stimulate business and commercial activity in a county, including a tax abatement agreement under certain conditions and subject to certain provisions of Chapter 312, TEXAS TAX CODE (“Chapter 312”). | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | 700The Company agrees to create the following number of new full time equivalent jobs (said full time jobs to include both Company employees and contract employees), in addition to the jobs existing on the Property as of October 1, 2005, by the respective dates set forth in the following table: Cumulative Total Number Date by which Created of New Full Time Jobs 500 12-31-2008 700 12-31-2009 | 9 |
| Wage requirement | $60,000.00Average Salary. Average annual salary of the Required Number of Jobs will be approximately $60,000.00 (but in no event lower than $54,000.00) per year with benefits. | 10 |
| Square footage | Not stated in the agreement | — |
| Acreage | Not stated in the agreement | — |
| Performance deadline | December 31, 2009 defined term, not a covenant1.6 “Completion Date” means the date of issuance of the Certificate of Occupancy for the Project. The Parties agree at the Completion Date will occur on or before December 31, 2009. | 4 |
| Expiration | December 31, 20271.30 “Termination Date” means the earlier to occur of (a) December 31, 2027, or | 4 |
| Effective date | May 4, 2006May 4, 2006 | 2 |
| Signatory | Abe ParkBy: : | Samuel T. Biscoe Printed Name: Abe fap rk. | 18 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
a 300mm Fab (a new semiconductor wafer manufacturing facility capable of producing semiconductor wafers approximately 300 millimeters in diameter) and retooling and upgrading of the existing wafer fabrication facility
Agreement 0005324 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.