Agreement 0006770, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.
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 | WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATIONWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION | 1 |
| Contracting entity | MAGNOLIA RE, LLCMAGNOLIA RE, LLC | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Program Project AgreementTHIS PROGRAM PROJECT AGREEMENT | 1 |
| Governing chapter | Not stated in the agreement | — |
| Capital investment | $13,600,000.00no less than Thirteen Million Six Hundred Thousand Dollars ($13,600,000.00) in personal and/or real property improvements | 2 |
| Grant or incentive | $1,250,000.00grant funds of an amount not to exceed One Million, Two Hundred Fifty Thousand Dollars ($1,250,000.00) | 1 |
| Jobs committed | 75MAGNOLIA shall create, fill, and retain at least 75 new full-time jobs | 3 |
| Wage requirement | $15.00 per hourMAGNOLIA shall pay its employees in the New Jobs a minimum wage of no less than $15.00 per hour | 3 |
| Square footage | 70,000renovation of approximately 70,000 square feet of the Facility | 2 |
| Acreage | 2.461 acresto be located on 2.461 acres on Block 4 Lot 16 | 1 |
| Performance deadline | December 31, 2026MAGNOLIA shall create, fill, and retain at least 75 new full-time jobs that are WMCEDC eligible (“New Jobs”) at the Facility on or before December 31, 2026. | 3 |
| Expiration | December 31, 2027This Agreement shall be effective from the Effective Date until December 31, 2027. | 7 |
| Effective date | November 7, 2022EXECUTED this 777" day of VOVember , 2022 | 10 |
| Signatory | Michael RodriguezBy: Michael Rodriguez Michael Rodriguez | 10 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0006770 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.