The Abatement RegisterHarrisAgreement 0007899
Texas Chapter 380 / 381 agreement · Harris

GWR Webster LLC

Agreement 0007899, filed with the Texas Comptroller by Harris County.

$75,000,000committed capital investment
0%of room revenues abated
The obligation

What the contract requires.

“a niinimum of 350 full-.time/part-time equivalent jobs”Executed agreement, p. 3
“$75,000;000.”Executed agreement, p. 3
Abatement schedule · room revenues · p. 1

What was abated, and for how long.

2.0%ten years

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 bodyHarris CountyAGREEMENT BETWEEN HARRIS COUNTY AND GWR WEBSTER LLC1
Contracting entityGWR Webster LLCGWR Webster LLC, a Delaware limited liability company (the “Developér”).1
Parent / guarantorGreat Wolf Resorts Holdings, Inc.the Developer is an Affiliate (as defined herein) of Great Wolf Resorts Holdings, Inc., a Delaware corporation10
Instrumentgrantin the forin of a grant equal to a portion of the hotel occupan¢y tax (HOT)1
Governing chapterChapter 380/381, Local Government CodeWHEREAS, the City is authorized by Chapter 380, Texas Local Government Code (as more particularly defined below, “Chapter 380”) to establish and provide for the administration of programs, including programs for making grants of public money of the City, to promote state or local economic development and to stimulate business and commercial activity in the City;—
Capital investment$75,000,000$75,000;000.3
Grant or incentiveNot stated in the agreement—
Jobs committed350 the quoted sentence states no obligationa niinimum of 350 full-.time/part-time equivalent jobs3
Wage requirement$14 an hour$14 an hour (hourly rate including benefits & perks)3
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateMarch 1, 2020This ECONOMIC DEVELOPMENT AGREEMENT (this “Agreement”) is made to be effective as of March i) _, 2020 (the “Effective Date”)10
SignatorySteven JacobsonName: 7” Steven Jacobson)8
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 0007899 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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