The Abatement RegisterHaysAgreement 0006054
Texas Chapter 380 / 381 agreement · Hays

YARRINGTON LOGISTICS OWNER, LP

Agreement 0006054, filed with the Texas Comptroller by HAYS COUNTY, TEXAS.

$3,415,129.00committed capital investment
$3,415,129.00grant or incentive
75%of collected County ad valorem taxes from the Property abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“The Company completes the Facility and obtains a Certificate of Occupancy for the Facility on or before December 31, 2023.”Executed agreement, p. 4
“Three Million Four Hundred Fifteen Thousand One Hundred Twenty-Nine Dollars ($3,415,129.00)”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Repayment of Chapter 381 Grants. In the event that the Company commits a breach of this Agreement according to Section VII.A (2), the Company shall pay back to the County the Chapter 381 Grant for the tax year for which false certification was submitted within thirty (30) days of written demand by the County.”Executed agreement, p. 8

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 · collected County ad valorem taxes from the Property · p. 6

What was abated, and for how long.

75%Year 1
75%Year 2
75%Year 3
75%Year 4
75%Year 5
75%Year 6
75%Year 7
75%Year 8
75%Year 9
75%Year 10

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 bodyHAYS COUNTY, TEXASHAYS COUNTY, TEXAS, a political subdivision of the State of Texas (hereafter referred to as “County”).1
Contracting entityYARRINGTON LOGISTICS OWNER, LPYARRINGTON LOGISTICS OWNER, LP, a Delaware limited partnership duly authorized to do business in the State of Texas (hereafter referred to as the “Company”)1
Parent / guarantorYarrington Logistics GP, LLCYarrington Logistics GP, LLC, a Delaware limited liability company, General Partner of Yarrington Logistics Owner, LP16
InstrumentChapter 381 Grant AgreementChapter 381 Grant Agreement — Project Fire Engine Red1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> THE STATE OF TEXAS COUNTY OF HAYS Chapter 381 Grant Agreement Project Fire Engine Red QP LP Lr LP LP THIS Chapter 381 Grant Agreement — Project Fire Engine Red (this “Agreement’’) is executed by and between YARRINGTON LOGISTICS OWNER, LP, a Delaware limited partnership duly authorized to do business in the State of Texas (hereafter referred to as the “Company”), and HAYS COUNTY, TEXAS—
Capital investment$3,415,129.00Three Million Four Hundred Fifteen Thousand One Hundred Twenty-Nine Dollars ($3,415,129.00)3
Grant or incentive$3,415,129.00Three Million Four Hundred Fifteen Thousand One Hundred Twenty-Nine Dollars ($3,415,129.00)3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage1,392,379 square feet5 spec buildings totaling approximately 1,392,379 square feet of industrial uses1
Acreage96.81 acresapproximately 96.81 acres of property located within the corporate limits of the City of Sart Marces1
Performance deadlineDecember 31, 2023The Company completes the Facility and obtains a Certificate of Occupancy for the Facility on or before December 31, 2023.4
ExpirationNot stated in the agreement—
Effective dateJune 7, 2022This Agreement shall be effective as of June 7, 2022 (the “Effective Date”).15
SignatoryChad ParrishChad Parrish, Member16
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 0006054 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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