The Abatement RegisterHillAgreement 0006681
Texas Chapter 380 / 381 agreement · Hill

GATE PRECAST COMPANY

Agreement 0006681, filed with the Texas Comptroller by HILL COUNTY, TEXAS.

25permanent jobs committed
50%of ad valorem taxes paid on the County’s maintenance and operations rate (M&O rate) abated
January 1, 2018performance deadline
The obligation

What the contract requires.

“Developer covenants and agrees to complete construction of the Project by January 1, 2018.”Executed agreement, p. 4
“create twenty-five (25) new Full-Time Equivalent Employment Positions”Executed agreement, p. 1
The remedy

What the contract says happens.

“the aggregate total of all financial assistance provided by the County to Developer pursuant to Section 5 of this Agreement, shall become immediately due and payable by Developer to the County.”Executed agreement, p. 6

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 · ad valorem taxes paid on the County’s maintenance and operations rate (M&O rate) · p. 5

What was abated, and for how long.

50%2018
50%2019
50%2020
50%2021
50%2022
50%2023
50%2024
50%2025
50%2026
50%2027

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 bodyHILL COUNTY, TEXASHELL COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”)1
Contracting entityGATE PRECAST COMPANYGATE PRECAST COMPANY, a Florida corporation (hereinafter referred to as the “Developer”)1
Parent / guarantorNot stated in the agreement—
InstrumentProgram Grant PaymentProgram Grant Payment4
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> HILL COUNTY AND GATE PRECAST COMPANY CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered into by and between HELL COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”), and GATE PRECAST COMPANY, a Florida corporation (hereinafter —
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedtwenty-five (25) new Full-Time Equivalent Employment Positionscreate twenty-five (25) new Full-Time Equivalent Employment Positions1
Wage requirement$15.00 per hourearning an average minimum wage of $15.00 per hour3
Square footageNot stated in the agreement—
Acreage50 acreapproximately 50 acre tract or tracts of land in the J. Ross Survey, Abstract No. 750, Tract 1033
Performance deadlineJanuary 1, 2018Developer covenants and agrees to complete construction of the Project by January 1, 2018.4
ExpirationJanuary 1, 2028shall continue thereafter until January 1, 2028, unless terminated sooner under the provisions hereof.2
Effective dateNot stated in the agreement—
SignatoryTodd PettyTodd Petty Vice President of Operations9
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 0006681 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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