The Abatement RegisterTravisAgreement 0005328
Texas Chapter 380 / 381 agreement · Travis

Colorado River Project, LLC

Agreement 0005328, filed with the Texas Comptroller by County of Travis.

$682,293,500committed capital investment
5001permanent jobs committed
December 31, 2023performance deadline
The obligation

What the contract requires.

“Company or its Affiliates shall locate at least 5,001 New Full-time Jobs at the Colorado River Project by December 31, 2023.”Executed agreement, p. 13
“It will create 5,001 New Full-time Jobs over the next four years”Executed agreement, p. 1
“New Machinery and Equipment $ 682,293,500”Executed agreement, p. 10
The repayment remedy

What happens if it is not met.

“County has the right to recapture all Grant Funds paid to Company for the two years before the year of termination”Executed agreement, p. 34

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

What was abated, and for how long.

—2020
—2021
—2022
—2023
—2024

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 TravisThis Economic Development Performance Agreement (“Agreement”) is entered into by County of Travis, a corporate and political subdivision of the State of Texas (“County”)1
Contracting entityColorado River Project, LLCColorado River Project, LLC, a Delaware limited liability company, qualified to do business in Texas, (“Company”)1
Parent / guarantorTesla, Inc.[email protected]39
InstrumentEconomic Development Performance AgreementThis Economic Development Performance Agreement (“Agreement”)1
Governing chapterChapter 381, Local Government CodeTravis County is authorized to enter into this Agreement under Chapter 381 of the Texas Local Government Code.—
Capital investment$682,293,500New Machinery and Equipment $ 682,293,50010
Grant or incentiveNot stated in the agreement—
Jobs committed5,001It will create 5,001 New Full-time Jobs over the next four years1
Wage requirement$15.00 per hourMinimum Hourly Wage of $15.00 per hour13
Square footagefour million square feetThe initial new facilities include approximately four million square feet or more of operating space.1
Acreageup to 3,500 acresIt will be located on up to 3,500 acres at the intersection of State Highway 130 and Harold Green Road1
Performance deadlineDecember 31, 2023Company or its Affiliates shall locate at least 5,001 New Full-time Jobs at the Colorado River Project by December 31, 2023.13
ExpirationDecember 31, 2041“Agreement Term” means that time period beginning on the Effective Date, and continuing through December 31, 2041.3
Effective dateJuly 14, 2020“Effective Date” of this Agreement is July 14, 2020.6
SignatoryRon KleinRon Klein42
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 46
233597 · 190499 · 233601 · 233627 · 233607 · 233603 · 233614 · 233620 · 233616 · 292217 · 292266 · 233599 · 233615 · 233619 · 190403 · 190395 · 233595 · 233612 · 233594 · 292264 · 292256 · 190397 · 706653 · 233602 · 233633 · 233617 · 233606 · 292256 · 292267 · 233630 · 233639 · 233596 · 190396 · 292261 · 233633 · 233624 · 233623 · 233649 · 233622 · 233611
How to check this page

Every line above is in the contract.

Agreement 0005328 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.

[email protected]