The Abatement RegisterBrazosAgreement 0007669
Texas Chapter 380 / 381 agreement · Brazos

CS SCIENCE PARK, L.L.C.

Agreement 0007669, filed with the Texas Comptroller by BRAZOS COUNTY, TEXAS.

$1,500,000.00committed capital investment
$800,000.00grant or incentive
80%of Maintenance and Operations Portion of the Incremental Taxable Value abated
before August 25 of each calendar yearperformance deadline
The obligation

What the contract requires.

“DEVELOPER shall, before August 25 of each calendar year that the Agreement is in.effect, certify in writing to COUNTY”Executed agreement, p. 4
“valued at no less than a total of $1,500,000.00 over the term of the Agreement”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“DEVELOPER shall. promptly repay to COUNTY any Unrecouped Cash Incentives (as defined above) as of the conveyance date.”Executed agreement, p. 5

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 · Maintenance and Operations Portion of the Incremental Taxable Value · p. 4

What was abated, and for how long.

Eighty Percent (80%)annually

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 bodyBRAZOS COUNTY, TEXASbetween BRAZOS COUNTY, TEXAS, a political subdivision of the State of Texas (hereinafter referred to as “COUNTY”)1
Contracting entityCS SCIENCE PARK, L.L.C.and CS SCIENCE PARK, L.L.C., a Texas Limited Liability Company (hereinafter referred to as “‘DEVELOPER”)1
Parent / guarantorNot stated in the agreement—
InstrumentCash IncentivesCOUNTY agrees to grant to DEVELOPER Cash Incentives as set. out herein1
Governing chapterChapter 381, Local Government CodePREAMBLE WHEREAS, COUNTY is authorized and empowered under applicable Texas laws pertaining to economic development to aid in the development of commercial enterprises and redevelopment projects within the geographic boundaries of COUNTY by offering economic and other incentives to prospective new, developing, and expanding businesses pursuant to TEXAS LOCAL GOVERNMENT Cob, Chapter 381;—
Capital investment$1,500,000.00valued at no less than a total of $1,500,000.00 over the term of the Agreement5
Grant or incentive$800,000.00provided that the total amount of Cash Iricentives paid under this Agreement. will not exceed $800,000.004
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage53.80 acreslocated on approximately 53.80 acres along the State Highway 6 Corridor1
Performance deadlinebefore August 25 of each calendar yearDEVELOPER shall, before August 25 of each calendar year that the Agreement is in.effect, certify in writing to COUNTY4
Expirationthe end of, calendar year 2026The term of this Agreement shall extend from the Effective Date until the end of, calendar year 20264
Effective dateNot stated in the agreement—
SignatoryJohn W. ClantonJohn W. Clanton, Chief Executive Officer12
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 0007669 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.

[email protected]