Agreement 0005493, filed with the Texas Comptroller by Matagorda County, Texas.
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 | Matagorda County, Texasand between Matagorda County, Texas, a political subdivision of the State of Texas (“County”), | 1 |
| Contracting entity | Maverick Tube Corporation d/b/a Tenaris USAand Maverick Tube Corporation d/b/a Tenaris USA (“Company”). | 1 |
| Parent / guarantor | Tenaris SAParent company name (if applicable): Tenaris SA | 44 |
| Instrument | Chapter 381 Economic Development AgreementThis Chapter 381 Economic Development Agreement (“Agreement”) | 1 |
| Governing chapter | Chapter 312, Tax Code, and Chapter 381, Local Government Codeand WHEREAS, Chapter 312 of the Texas Tax Code (the “Tax Code”) authorizes Texas counties to participate in tax abatement by establishing guidelines and criteria governing tax abatement agreements, designating a Reinvestment Zone, and executing a tax abatement agreement with owners of taxable real or tangible personal property located in a reinvestment zone to exempt from taxation all or a portion | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | Two Million Five Hundred Thousand Dollars ($2,500,000)in the aggregate amount of at least Two Million Five Hundred Thousand Dollars ($2,500,000) | 6 |
| Jobs committed | 600 recital language, not a covenantWHEREAS, Company estimates that when operational, the Project will create approximately 600 new full time jobs for Matagorda County; | 1 |
| Wage requirement | $39,600,000paid to full-time employees at the Project of at least $39,600,000. | 9 |
| Square footage | 1,506,947 sq. ft.Size of building in square feet: 1,506,947 sq. ft. (1,076,391 sa. ft. Building; 430,556 sq. ft. Offices) | 46 |
| Acreage | 1,729 acresAcreage of property: 1,729 acres | 46 |
| Performance deadline | December 31, 2017Company shall complete the Project as required by the Tax Abatement Agreement (which shall require substantial completion of the Project by December 31, 2017 with a minimum investment of $1.314 billion). | 9 |
| Expiration | December 31, 2032Y. “Termination Date” means December 31 of the fifteenth (15th) full calendar year following the year in which the Economic Development Grant Term commences. | 3 |
| Effective date | June 24, 2013IN TESTIMONY OF WHICH, THIS AGREEMENT has been executed by the parties on the AFG. day of Jeng, 2013. | 42 |
| Signatory | Chris D. NorthName: (“Aris _ 2D. N/er fe | 21 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
seamless pipe mill, as well as heat treatment and premium threading facilities
Agreement 0005493 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.