The Abatement RegisterWacoAgreement 0007198
Texas Chapter 380 / 381 agreement · Waco

THE TSTC FOUNDATION

Agreement 0007198, filed with the Texas Comptroller by CITY OF WACO.

$16,800,000.00committed capital investment
$12,400,000.00grant or incentive
October 1, 2025performance deadline
The obligation

What the contract requires.

“Facility Completion shall occur on or before October 1, 2025”Executed agreement, p. 4
“the Foundation shall spend no less than Sixteen Million, Eight Hundred Thousand Dollars ($16,800,000.00) in Facility Investment”Executed agreement, p. 4
The remedy

What the contract says happens.

“If the City’s review of invoices and/or audit of the total Facility Investment reveal that Foundation did not actually expend at least $8,400,000.00 (said amount being 50% of the Facility Investment), then the City is not obligated to pay any of the Incentive Funds for the Project and is released from any and all of its commitments under Section | of this Agreement.”Executed agreement, p. 7

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 · $620,000.00

What was abated, and for how long.

—initial
—annual

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 bodyCITY OF WACOCITY OF WACO, a Texas municipal corporation (hereinafter “City’”).1
Contracting entityTHE TSTC FOUNDATIONTHE TSTC FOUNDATION, a 501(c)(3) non-profit organization with the sole purpose of assisting arid supporting the College and its students (hereinafter “Foundation”)1
Parent / guarantorTEXAS STATE TECHNICAL COLLEGETEXAS STATE TECHNICAL COLLEGE, an institution of higher education and an agency of the State of Texas (hereinafter “College”)1
InstrumentEconomic Development Incentive AgreementTHIS ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT (hereinafter “Agreement’)1
Governing chapterChapter 380, Local Government Codeand WHEREAS, the City desires to enter into this Agreement with Texas State Technical College and The TSTC Foundation for economic incentives pursuant to Chapter 380 of the Texas Local Government Code, as amended;—
Capital investment$16,800,000.00the Foundation shall spend no less than Sixteen Million, Eight Hundred Thousand Dollars ($16,800,000.00) in Facility Investment4
Grant or incentive$12,400,000.00City agrees to provide grant funds of an amount not to exceed Twelve Million, Four Hundred Thousand Dollars ($12,400,000.00)2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage25,000Central Texas Industrial Training Center (“CTITC” or “Facility”) that is not less than 25,000 square feet in size1
Acreage15 acreswhich is to be located on approximately 15 acres on Wycon Drive1
Performance deadlineOctober 1, 2025Facility Completion shall occur on or before October 1, 20254
ExpirationDecember 31, 2044This Agreement shall be effective from the Effective Date until December 31, 2044.9
Effective dateMarch, 2023effective as of the dt day of March, 2023 (the “Effective Date”)1
SignatoryBeth WootenBy: Beth Weaten (iar 13, 2023 47:27 CDT) Beth Wooten Chief Executive Officer11
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 16

Welding lab, outside grinding area, flexible labs, computer/conference labs, student break room, offices, open-office cubicles, conference room, landing stations, lobby, reception, and typical building support space

How to check this page

Every line above is in the contract.

Agreement 0007198 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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