Agreement 0007991, filed with the Texas Comptroller by Denton County.
This clause stops money not yet paid. It does not require what has already been received to be returned.
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.
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 | Denton CountyTAX INCENTIVE AGREEMENT UNDER TEXAS LOCAL GOVERNMENT CODE CHAPTER 381 BETWEEN DENTON COUNTY AND MCMASTER-CARR SUPPLY COMPANY | 1 |
| Contracting entity | McMaster-Carr Supply CompanyTAX INCENTIVE AGREEMENT UNDER TEXAS LOCAL GOVERNMENT CODE CHAPTER 381 BETWEEN DENTON COUNTY AND MCMASTER-CARR SUPPLY COMPANY | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Tax Incentive AgreementTAX INCENTIVE AGREEMENT UNDER TEXAS LOCAL GOVERNMENT CODE CHAPTER 381 | 1 |
| Governing chapter | Chapter 312, Tax Code, and Chapter 381, Local Government CodeLB\220255849_1.docx 378 of 492 <<<PAGE 17>>> EXHIBIT “B” 379 of 492 <<<PAGE 18>>> RESOLUTION OF THE DENTON COUNTY COMMISSIONERS COURT Approving Denton County Economic Incentive Policy Guidelines and Criteria Denton County Economic Incentive Policy (2022) The Denton County Commissioners Court at its regular session on the 20" day of December, 2022, considered the following resolution: WHEREAS, the | — |
| Capital investment | $180,000,000at least $180,000,000 must be expended in real property and construction related costs | 3 |
| Grant or incentive | $831,449not to exceed $831,449 over the Term of this Agreement. | 6 |
| Jobs committed | 250(b) 250 Full-Time Jobs by the end of the sixth Operating Year and maintain that level through the end of the Term of this Agreement | 3 |
| Wage requirement | $85,000Average Base Salary of at least $85,000 | 3 |
| Square footage | 650,000in a total area of not less than 650,000 square feet | 2 |
| Acreage | 143 acresa tract of land containing approximately 143 acres | 2 |
| Performance deadline | December 31, 2028the Real Property Improvements shall meet all qualifications required for issuance of a certificate of occupancy by December 31, 2028 | 2 |
| Expiration | December 31, 2037in no event shall the County be obligated to pay a rebate for any tax year beyond tax year 2037. | 4 |
| Effective date | October 17, 2023The 381 Agreement will appear on the Agenda for the Denton County Commissioners Court meeting scheduled for October 17, 2023. | 42 |
| Signatory | Patrick J. McKennaPatrick J. McKenna, Vice President | 11 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0007991 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.