The Abatement RegisterGraysonAgreement 0005526
Texas Chapter 380 / 381 agreement · Grayson

Finisar Sherman RE HOLDCO, LLC

Agreement 0005526, filed with the Texas Comptroller by Grayson County, Texas.

35–45%of County ad valorem taxes abated
The remedy

What the contract says happens.

“The Company’s failure to meet a condition set forth in Sections 4(b), (c) or (d) hereof (and failure to submit a Grant Certification, it being understood that the sole result of not submitting such certification for a particular year shall be the Company’s not receiving rebates hereunder for such year so long as the Company received at least one prior notice from the County that such certification was due) for a part”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 · County ad valorem taxes · p. 3

What was abated, and for how long.

45%Grant Term Year 1
45%Grant Term Year 2
40%Grant Term Year 3
40%Grant Term Year 4
35%Grant Term Year 5

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 bodyGrayson County, TexasGrayson County, Texas, a county in the State of Texas (the “County”)1
Contracting entityFinisar Sherman RE HOLDCO, LLCFinisar Sherman RE HOLDCO, LLC, a Texas Limited Liability Company, (the “Company”)1
Parent / guarantorNot stated in the agreement—
Instrumentgrantmake a grant (in cash) to the Company3
Governing chapterChapter 380/381, Local Government CodeWITNESSETH: WHEREAS, on April 3, 2018, the County adopted a Resolution, which authorized the County to enter into this Agreement pursuant to Chapter 380 of the Texas Local Government Code (“Chapter 380”);—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateApr. i 5 , 2018as of _ Apr. i 5 , 2018 (the “Effective Date”)1
SignatoryDr. Jeffrey BrownName: r. Jeffrey Brown10
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0005526 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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