The Abatement RegisterGraysonAgreement 0006098
Texas Chapter 380 / 381 agreement · Grayson

GLOBITECH INCORPORATED

Agreement 0006098, filed with the Texas Comptroller by GRAYSON COUNTY, TEXAS.

100permanent jobs committed
75%of Phase II-B improvements and the Phase II-B Tangible Personal Property abated
January 1, 2032performance deadline
The obligation

What the contract requires.

“cause Commencement of Construction of the Phase II-B Improvements to occur on or before January 1, 2032”Executed agreement, p. 20
“employ and maintain no fewer than 100 Employment Positions in Phase II-B”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“If GlobiTech fails to refund such portion of the Grant as provided above, the County will be relieved of its obligation to pay Grants for the period of time that such refund remains unpaid and shall have the right to bring an action against GlobiTech for the payment of such refund.”Executed agreement, p. 4

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 · Phase II-B improvements and the Phase II-B Tangible Personal Property · p. 2

What was abated, and for how long.

75%20 consecutive calendar years

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 political subdivision of the State of Texas ("County")1
Contracting entityGLOBITECH INCORPORATEDGLOBITECH INCORPORATED, a Delaware corporation ("GlobiTech")1
Parent / guarantorNot stated in the agreement—
Instrumenteconomic development grantseconomic development grants (each a “Grant’’) to GlobiTech2
Governing chapterChapter 312, Tax Code, and Chapter 380/381, Local Government CodeWHEREAS, Section 312.002 of the Texas Tax Code requires the County to adopt a resolution indicating the County’s desire to become eligible to participate in tax abatement agreements;—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committed100employ and maintain no fewer than 100 Employment Positions in Phase II-B3
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage143 acresapproximately 143 acres of land more particularly described on Exhibit A1
Performance deadlineJanuary 1, 2032cause Commencement of Construction of the Phase II-B Improvements to occur on or before January 1, 203220
ExpirationNot stated in the agreement—
Effective date7-20-2022Date: 7-20-2022.12
SignatoryMark EnglandPrinted Name: Mark England12
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 31

Phase II-B would include a multi-floor building of manufacturing and manufacturing support space, support buildings including crystal puller building, chemical/gas building, central utilities building, and an admin building in support of the manufacturing operations. Several additional detached structures would be constructed to house additional necessary infrastructure for the manufacture of 300mm wafers, including parking areas, water treatment facility, reactive and non-reactive gas pads, cooling towers, DIW plant, on-site powering solar panels, and an electrical substation.

How to check this page

Every line above is in the contract.

Agreement 0006098 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]