The Abatement RegisterCaldwellAgreement 0007047
Texas Chapter 380 / 381 agreement · Caldwell

VISIONARY FIBER TECHNOLOGIES, Inc.

Agreement 0007047, filed with the Texas Comptroller by Caldwell County, Texas.

70permanent jobs committed
50–66%of Property Taxes abated
The obligation

What the contract requires.

“VFT further agrees to retain at least 70 (FTE) employees for the remainder of the term.”Executed agreement, p. 4
The remedy

Future payments stop.

“VFT will forfeit the Compliance Payment for that year without affecting any other incentive agreed to by the County or Compliance Payments for successive years during the terms of this Agreement so long as VFT is otherwise in substantial compliance of this Agreement.”Executed agreement, p. 5

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 · Property Taxes · p. 28

What was abated, and for how long.

50%Year 1
50%Year 2
50%Year 3
50%Year 4
50%Year 5
66%Year 6
66%Year 7
50%Year 8
50%Year 9
50%Year 10

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 bodyCaldwell County, TexasCaldwell County, Texas, a political subdivision of the State of Texas (the “County”)1
Contracting entityVISIONARY FIBER TECHNOLOGIES, Inc.VISIONARY FIBER TECHNOLOGIES, Inc., a Delaware Corporation (“VFT”)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Chapter 381 Economic Development Incentive Agreement (the “Agreement”)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This Chapter 381 Economic Development Incentive Agreement (the “Agreement”) is entered into between Caldwell County, Texas, a political subdivision of the State of Texas (the “County”), and VISIONARY FIBER TECHNOLOGIES, Inc., a Delaware Corporation (“VFT”).—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committed70VFT further agrees to retain at least 70 (FTE) employees for the remainder of the term.4
Wage requirement$75,000provides an average annual salary of at least $ $75,0003
Square footage30,150 SF30,150 SF with approximately 2,000 SF of Office25
Acreage5.528 Acres5.528 Acres25
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryJohn KinzerJohn foe Jecutive Officer19
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 0007047 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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