Agreement 0007665, filed with the Texas Comptroller by BRAZOS COUNTY.
Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.
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 | BRAZOS COUNTYThis Economic Development Grant Agreement (this “Agreement”) is entered into by and between BRAZOS COUNTY, a political subdivision of the State of Texas | 1 |
| Contracting entity | LUBRIZOL SPECIALTY PRODUCTS, INC.LUBRIZOL SPECIALTY PRODUCTS, INC., a Delaware corporation (hereinafter referred to as “LUBRIZOL”). | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Economic Development Grant AgreementThis Economic Development Grant Agreement (this “Agreement”) is entered into by and between BRAZOS COUNTY | 1 |
| Governing chapter | Chapter 312, Tax Code, and Chapter 381, Local Government Codeand, WHEREAS, to ensure that the benefits the COUNTY provides under this Agreement are utilized in a manner consistent with Texas Local Government Code, Chapter 381, and the Tax Code, Chapter 312, and other laws, LUBRIZOL agrees to comply with the conditions relating to development of the Land, as set forth herein; | — |
| Capital investment | $25,000,000LUBRIZOL to invest at least Twenty Five Million Dollars ($25,000,000) in Land, Tangible Personal Property, and Improvements in Brazos County | 1 |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | 24employ at least twenty-four (24) new Full Time Employees | 1 |
| Wage requirement | $1,150,000annual Wages, excluding bonuses and employee benefit costs, of at least One Million One Hundred Fifty Thousand Dollars ($1,150,000) | 1 |
| Square footage | 60,000 sq. ft.containing a minimum of sixty thousand square feet (60,000 sq. ft.) of manufacturing, storage, packaging, laboratory and office space | 3 |
| Acreage | 7.083 acresLUBRIZOL owns approximately 7.083 acres of land | 1 |
| Performance deadline | December 31, 2017Completion of Construction shall occur by December 31, 2017 | 6 |
| Expiration | December 31, 2025The term of this Agreement shall begin on the Effective Date and shall continue until December 31* of 2025. | 5 |
| Effective date | Not stated in the agreement | — |
| Signatory | Jeffrey VavruskaBefore me, the undersigned authority, on this day personally appeared Jeffrey Vavruska, Chief Tax Officer of LUBRIZOL SPECIALTY PRODUCTS, INC. | 11 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0007665 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.