The Abatement RegisterHaysAgreement 0007018
Texas Chapter 380 / 381 agreement · Hays

BFS Group LLC

Agreement 0007018, filed with the Texas Comptroller by HAYS COUNTY.

19%of County Sales Taxes abated
The obligation

What the contract requires.

“continuing until the last day of the month immediately prior to the tenth (10") anniversary of such Commencement Date or the total amount of Incentive Payments equals five hundred thousand dollars ($500,000), whichever occurs first (the “Expiration Date””Executed agreement, p. 4
“Year Existing Jobs on Site New Jobs | Total 1 - 35 35 2 35 2 Si 3 37 Z 39 4 39 2 41 5 41 2 43 6 43 3 46 7 46 - 46 8 46 - 46 9 46 - 46 10 46 - 46”Executed agreement, p. 6

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The remedy

Future payments stop.

“the Employer shall forfeit all rights to the Incentive Payments set forth in Article III of this Agreement for any year in which the Employer fails to meet the Performance Criteria”Executed agreement, p. 6

This clause stops money not yet paid. It does not require what has already been received to be returned.

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 · County Sales Taxes · p. 4

What was abated, and for how long.

nineteen percent (19%)10-year

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 bodyHAYS COUNTYHAYS COUNTY, a political subdivision of the State of Texas ("County")1
Contracting entityBFS Group LLCBFS Group LLC, a Delaware limited liability company registered to do business in the State of Texas ("Employer")1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development AgreementTHIS CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT ("Agreement")1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> ECONOMIC DEVELOPMENT AGREEMENT THIS CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT ("Agreement") is entered into as of this sé day of Feb Mtl cy 2023 (the “Effective Date”) by and between the HAYS COUNTY, a political subdivision of the State of Texas ("County") and BFS Group LLC, a Delaware limited liability company registered to do business in the State of Texas ("Employer").—
Capital investmentNot stated in the agreement—
Grant or incentivefive hundred thousand dollars ($500,000)The maximum total of Incentive Payments under this Agreement is five hundred thousand dollars ($500,000).4
Jobs committed46 construction-period jobs, not permanent positionsYear Existing Jobs on Site New Jobs | Total 1 - 35 35 2 35 2 Si 3 37 Z 39 4 39 2 41 5 41 2 43 6 43 3 46 7 46 - 46 8 46 - 46 9 46 - 46 10 46 - 466
Wage requirement$40,000 annuallyaverage salary or average annual wages established herein as $40,000 annually.2
Square footage47,000 square feeta facility being a minimum of 47,000 square feet in size1
Acreage14-acrethe Employer owns that certain 14-acre tract of land ("Property”)1
Performance deadlineApril 30, 2034 date not fully supported by the quoted sentencecontinuing until the last day of the month immediately prior to the tenth (10") anniversary of such Commencement Date or the total amount of Incentive Payments equals five hundred thousand dollars ($500,000), whichever occurs first (the “Expiration Date”4
ExpirationApril 30, 2034continuing until the last day of the month immediately prior to the tenth (10") anniversary of such Commencement Date or the total amount of Incentive Payments equals five hundred thousand dollars ($500,000), whichever occurs first (the “Expiration Date”4
Effective dateFebruary 2023as of this sé day of Feb Mtl cy 2023 (the “Effective Date”)1
SignatoryPaul DunnPa Dunn, Vice President — Real Estate15
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 0007018 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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