The Abatement RegisterDentonAgreement 0006964
Texas Chapter 380 / 381 agreement · Denton

Digital Lewisville, LLC

Agreement 0006964, filed with the Texas Comptroller by Denton County.

$470,050,000committed capital investment
$3,987,987.40grant or incentive
65%of property taxes abated
December 31, 2024performance deadline
The obligation

What the contract requires.

“The REAL PROPERTY IMPROVEMENTS shall meet all qualifications required for issuance of a certificate of occupancy by December 31, 2024”Executed agreement, p. 2
“approximately fifty-seven (57) Full-Time Employees”Executed agreement, p. 3
“a minimum investment, on or before December 31, 2024, in the IMPROVEMENTS of not less than $470,050,000”Executed agreement, p. 3
The remedy

The agreement terminates.

“The Developers shall not be liable for any damages as a result of breaching this Agreement other than the termination of this Agreement going forward”Executed agreement, p. 4

This clause ends the agreement. It states no repayment of money already received.

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 · property taxes · p. 6

What was abated, and for how long.

65%6 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 bodyDenton CountyThis CHAPTER 381 AGREEMENT is entered into by and between Denton County, Texas, a political subdivision of the State of Texas1
Contracting entityDigital Lewisville, LLCDigital Lewisville, LLC, a Delaware limited liability company1
Parent / guarantorWells Fargo Bank, N.A.Wells Fargo Bank, N.A., a national banking association1
Instrument381 AGREEMENTThis CHAPTER 381 AGREEMENT is entered into by and between Denton County, Texas1
Governing chapterChapter 312, Tax Code, and Chapter 380/381, Local Government Codenty Economic Incentive Policy Dated: December 20, 2022 1469 of 1836 <<<PAGE 57>>> RESOLUTION OF THE DENTON COUNTY COMMISSIONERS COURT Approving Denton County Economic Incentive Policy Guidelines and Criteria Denton County Economic Incentive Policy (2022) The Denton County Commissioners Court at its regular session on the 20" day of December, 2022, considered the following resolution: WHEREAS, the —
Capital investment$470,050,000a minimum investment, on or before December 31, 2024, in the IMPROVEMENTS of not less than $470,050,0003
Grant or incentive$3,987,987.40The total Grant amount shall not exceed $3,987,987.40 during the Term of this Agreement6
Jobs committed57 recital language, not a covenantapproximately fifty-seven (57) Full-Time Employees3
Wage requirement$128,300.00Weighted Average Base Salary of at least $128,300.003
Square footage80,000 sq. feetin a total area of not less than 80,000 sq. feet2
Acreage16.5 acresa tract of land no less than approximately 16.5 acres2
Performance deadlineDecember 31, 2024The REAL PROPERTY IMPROVEMENTS shall meet all qualifications required for issuance of a certificate of occupancy by December 31, 20242
ExpirationNot stated in the agreement—
Effective dateJanuary 17, 2023This Agreement shall be effective on the date that this Agreement is executed by the Parties8
SignatoryRat AL RAKBEFORE ME, the undersigned, Rat AL RA , on behalf of Digital Lewisville, LLC11
Chain statusSuperseded by agreement 0013368—
How to check this page

Every line above is in the contract.

Agreement 0006964 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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