The Abatement RegisterHidalgoAgreement 0005850
Texas Chapter 380 / 381 agreement · Hidalgo

MERASTAR INSURANCE COMPANY

Agreement 0005850, filed with the Texas Comptroller by HIDALGO COUNTY, TEXAS.

$16,000,000.00committed capital investment
50%of Newly-Created Value abated
July 1, 2024performance deadline
The obligation

What the contract requires.

“fails to complete the construction of the Facility in the Zone in accordance with this Agreement on or before July 1, 2024”Executed agreement, p. 12
“the Facility is expected to create approximately three hundred eighty (380) new Jobs”Executed agreement, p. 8
“the cost of such improvements shall be approximately SIXTEEN MILLION AND NO/100THS DOLLARS ($16,000,000.00)”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“the County shall be entitled to recapture and collect payment of all ad valorem taxes, if any abated under this Agreement”Executed agreement, p. 12

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 · Newly-Created Value · p. 10

What was abated, and for how long.

50%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 bodyHIDALGO COUNTY, TEXASHIDALGO COUNTY, TEXAS, a political subdivision of the State of Texas4
Contracting entityMERASTAR INSURANCE COMPANYMERASTAR INSURANCE COMPANY (‘Kemper’).4
Parent / guarantorKemperMERASTAR INSURANCE COMPANY (‘Kemper’).4
InstrumentTax Abatement AgreementThis Tax Abatement Agreement (the “Agreement”)4
Governing chapterChapter 312, Tax Code, and Chapter 380, Local Government Codeners Court”), adopted Guidelines and Criteria for Granting Tax Abatements in Hidalgo County, Texas, effective December 22, 2020 (the “Guidelines and Criteria”), to allow the County, on a case-by-case basis, to give consideration to providing abatements of property taxes as a means of stimulating economic development in Hidalgo County, Texas (the “County”), in accordance with the provisions of the —
Capital investment$16,000,000.00the cost of such improvements shall be approximately SIXTEEN MILLION AND NO/100THS DOLLARS ($16,000,000.00)8
Grant or incentiveNot stated in the agreement—
Jobs committed380 recital language, not a covenantthe Facility is expected to create approximately three hundred eighty (380) new Jobs8
Wage requirementNot stated in the agreement—
Square footage35,000 to 70,000construct an approximately 35,000 to 70,000 square-foot customer service facility4
Acreage7.48A tract of land contaming 7.48 acres of land, more or less, situated in Hidalgo County, Texas44
Performance deadlineJuly 1, 2024fails to complete the construction of the Facility in the Zone in accordance with this Agreement on or before July 1, 202412
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryCharles T BrooksName: Charles T arocks17
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 43

Furnitures and Fixtures, Information Systems and Data Handling Equipment, Telecom Equipment, Networking Equipment

How to check this page

Every line above is in the contract.

Agreement 0005850 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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