The Abatement RegisterLibertyAgreement 0006127
Texas Chapter 380 / 381 agreement · Liberty

Liberty Capstone Properties, LLC

Agreement 0006127, filed with the Texas Comptroller by Liberty County, Texas.

$2,000,000.00committed capital investment
$50,000.00grant or incentive
December 31, 2022performance deadline
The obligation

What the contract requires.

“On or before December 31, 2022 at 11:00 p.m. County Local time, the Developer shall have completed the following Project performance obligations”Executed agreement, p. 10
“anticipation of a total headcount of 18-25 employees and independent contractors”Executed agreement, p. 6
“$2,000,000.00”Executed agreement, p. 1
The remedy

What the contract says happens.

“the recovery of Grant Payments made to the Developer under this Agreement”Executed agreement, p. 13

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 · The lesser amount of: (1) the total ad valorem real property taxes paid by Developer to the County regarding the Tract for the subject tax year; or (2) $10,000.00

What was abated, and for how long.

—Tax Year 1
—Tax Year 2
—Tax Year 3
—Tax Year 4
—Tax Year 5
—Tax Year 6

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 bodyLiberty County, TexasLiberty County, Texas1
Contracting entityLiberty Capstone Properties, LLCLiberty Capstone Properties, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development AgreementChapter 381 Economic Development Agreement1
Governing chapterChapter 381, Local Government CodeAN ORDER OF THE COMMISSIONERS COURT OF LIBERTY COUNTY, TEXAS: (1) APPROVING THE CREATION AND IMPLEMENTATION OF AN ECONOMIC DEVELOPMENT PROGRAM, PURSUANT TO CHAPTER 381 OF THE TEXAS LOCAL GOVERNMENT CODE AND OTHER AUTHORITY, REGARDING THE CONSTRUCTION, OPERATION, AND MAINTENANCE OF A COMMERCIAL MEDICAL FACILITY TO BE LOCATED IN THE CITY OF LIBERTY, TEXAS, WHICH FACILITY WILL PROVIDE MEDICAL AND REL—
Capital investment$2,000,000.00$2,000,000.001
Grant or incentive$50,000.00$50,000.001
Jobs committed18-25 recital language, not a covenantanticipation of a total headcount of 18-25 employees and independent contractors6
Wage requirementNot stated in the agreement—
Square footage11,000approximately 11,000 square-foot medical facility1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2022On or before December 31, 2022 at 11:00 p.m. County Local time, the Developer shall have completed the following Project performance obligations10
Expiration30 days after the date the County delivers to the Developer the Grant Payment for Tax Year 611:00 p.m. County local time on the date which is thirty (30) days after the date the County delivers to the Developer the Grant Payment for Tax Year 6 of the Grant Payment Period.17
Effective dateAugust 9, 2022August 9, 202218
SignatoryBrandon K. SmithBrandon K. Smith19
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 0006127 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]