Agreement 0006158, filed with the Texas Comptroller by Ellis County.
The remedy here is discretionary — the clause says it may be applied, not that it must be.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | Ellis CountyThis Tax Abatement agreement executed by and between the Ellis County (“County”) | 1 |
| Contracting entity | Sharka LLCSharka LLC a Delaware limited liability company (“Owner”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Tax AbatementELLIS COUNTY TAX ABATEMENT AGREEMENT | 1 |
| Governing chapter | Chapter 312, Tax Code (property tax abatement)The Texas Property Redevelopment and Tax Abatement Act, Texas Tax Code, Chapter 312 (the "Act"), in Section 312.201, provides that the governing body of an incorporated city has the power to create one or more reinvestment zones for the abatement of ad valorem taxes assessed against real property and/or personal property located on the real property in such zone provided that certain conditions as | — |
| Capital investment | $500,000,000made a minimum initial capital investment of $500,000,000 in the Facilities | 3 |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | 40The Owner agrees to create, by the end of the fifth year of the Abatement Period for Phase 1 (the "Job Creation Deadline"), 40 new full-time “qualifying jobs” | 4 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | Not stated in the agreement | — |
| Acreage | 105.125 acresThe first Phase of the Real Property in the Zone consists of a tract of approximately 105.125 acres of land | 2 |
| Performance deadline | January 1, 2029starts a ten-year abatement period on or before January 1, 2029 | 2 |
| Expiration | Not stated in the agreement | — |
| Effective date | July 31, 2018Minute Order No. 324.18 July 31, 2018 | 1 |
| Signatory | Denny KwonSincerely, O.Ayi—— Denny Kwon, Manager Sharka LLC | 29 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0006158 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.
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.