The Abatement RegisterMcLennanAgreement 0007967
Texas Chapter 380 / 381 agreement · McLennan

HUCK INTERNATIONAL, INC. d/b/a Howmet Fastening Systems

Agreement 0007967, filed with the Texas Comptroller by McLennan County, Texas.

$9,165,650.00committed capital investment
17permanent jobs committed
10–40%of City of Waco taxes paid on the increase in taxable value of the Personal Property improvements abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“1.1.1 Personal Property Investment — On or before December 31, 2023, Huck shall invest at the Premises no less than Nine Million, One Hundred, Sixty-five Thousand, Six Hundred and Fifty Dollars ($9,165,650.00) in personal property improvements and additions”Executed agreement, p. 4
“1.3 EMPLOYMENT REQUIREMENTS - Huck shall create, fill, and retain at least seventeen (17) new full-time jobs (“New Jobs’) in the City of Waco throughout the Term of the Agreement.”Executed agreement, p. 6
“1.1.1 Personal Property Investment — On or before December 31, 2023, Huck shall invest at the Premises no less than Nine Million, One Hundred, Sixty-five Thousand, Six Hundred and Fifty Dollars ($9,165,650.00) in personal property improvements and additions”Executed agreement, p. 4
The repayment remedy

What happens if it is not met.

“If Huck provides an Annual Certification of Employment that demonstrates that its level of employment during two consecutive years of this Agreement has fallen below the Total Job retention commitment for each year, as set out in Sections 1.3 and 3.1, or the City learns from its audit that such is the case, then City may require Huck to repay all of the Personal Property Incentive Grant paid to Huck under this Agreem”Executed agreement, p. 10

The remedy here is discretionary — the clause says it may be applied, not that it must be.

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 · City of Waco taxes paid on the increase in taxable value of the Personal Property improvements · p. 9

What was abated, and for how long.

40%Year 1
30%Year 2
20%Year 3
15%Year 4
10%Year 5

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 bodyMcLennan County, TexasThis Agreement is entered into by and between McLennan County, Texas (hereinafter “COUNTY”), and HUCK INTERNATIONAL, INC. d/b/a Howmet Fastening Systems1
Contracting entityHUCK INTERNATIONAL, INC. d/b/a Howmet Fastening SystemsThis Agreement is entered into by and between McLennan County, Texas (hereinafter “COUNTY”), and HUCK INTERNATIONAL, INC. d/b/a Howmet Fastening Systems1
Parent / guarantorNot stated in the agreement—
InstrumentIndustrial Business GrantWHEREAS, HUCK seeks the provision of economic development incentives from the COUNTY in the form of an Industrial Business Grant under the COUNTY’s Industrial Business Grant Program1
Governing chapterChapter 381, Local Government Codeand WHEREAS, HUCK seeks the provision of economic development incentives from the COUNTY in the form of an Industrial Business Grant under the COUNTY’s Industrial Business Grant Program adopted by the County Commissioners Court as authorized by §381.004 of the Local Government Code;—
Capital investment$9,165,650.001.1.1 Personal Property Investment — On or before December 31, 2023, Huck shall invest at the Premises no less than Nine Million, One Hundred, Sixty-five Thousand, Six Hundred and Fifty Dollars ($9,165,650.00) in personal property improvements and additions4
Grant or incentiveNot stated in the agreement—
Jobs committed171.3 EMPLOYMENT REQUIREMENTS - Huck shall create, fill, and retain at least seventeen (17) new full-time jobs (“New Jobs’) in the City of Waco throughout the Term of the Agreement.6
Wage requirement$15.00 per hour1.3.1 Huck shall pay its employees in the Jobs a minimum wage no less than fifteen dollars ($15.00) per hour.6
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 20231.1.1 Personal Property Investment — On or before December 31, 2023, Huck shall invest at the Premises no less than Nine Million, One Hundred, Sixty-five Thousand, Six Hundred and Fifty Dollars ($9,165,650.00) in personal property improvements and additions4
ExpirationJune 30, 20295.1 TERM. This Agreement shall be effective from Effective Date until June 30, 2029 (“Term”).13
Effective dateJune 2023EXECUTED this AWhay of une 2023.16
SignatoryMarcus LokierBy: ’, L4£ Marcus Lokier, Vice President3
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 0007967 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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