The Abatement RegisterDentonAgreement 0008009
Texas Chapter 380 / 381 agreement · Denton

UMS Property, LLC

Agreement 0008009, filed with the Texas Comptroller by Denton County, Texas.

$23,000,000committed capital investment
$188,773grant or incentive
20–45%of Denton County property real and business personal property taxes abated
December 31, 2025performance deadline
The obligation

What the contract requires.

“shall meet all qualifications required for issuance of a certificate of occupancy by December 31, 2025”Executed agreement, p. 2
“forty-three (43) Full-Time Employees by the end of year three and beyond of operations”Executed agreement, p. 3
“Twenty-Three Million Dollars ($23,000,000) invested in new tangible business personal property”Executed agreement, p. 3
The remedy

What the contract says happens.

“The consequence of not meeting the Construction Requirement or Improvement Requirement is that the Schluter is not entitled to a rebate under Section 8 hereof until both of those requirements are met.”Executed agreement, p. 3

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 · Denton County property real and business personal property taxes · p. 5

What was abated, and for how long.

45%Year 1
40%Year 2
35%Year 3
30%Year 4
25%Year 5
20%Year 6

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 bodyDenton County, TexasThis CHAPTER 381 AGREEMENT is entered into by and between Denton County, Texas, a political subdivision of the State of Texas1
Contracting entityUMS Property, LLCUMS Property, LLC (“Qwner”), and Schluter Systems LP (“Schluter”).1
Parent / guarantorSchluter Systems LPUMS Property, LLC (“Qwner”), and Schluter Systems LP (“Schluter”).1
Instrument381 AgreementThis CHAPTER 381 AGREEMENT is entered into by and between Denton County, Texas1
Governing chapterChapter 312, Tax Code, and Chapter 380/381, Local Government Coded Schluter Systems LP 354 of 4ag <<<PAGE 16>>> EXHIBIT B 325 of 429 <<<PAGE 17>>> 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$23,000,000Twenty-Three Million Dollars ($23,000,000) invested in new tangible business personal property3
Grant or incentive$188,773not to exceed One Hundred Eighty-Eight Thousand Seven Hundred Seventy-Three Dollars ($188,773) over the duration of the Agreement.5
Jobs committedforty-three (43) Full-Time Employees the quoted sentence states no obligationforty-three (43) Full-Time Employees by the end of year three and beyond of operations3
Wage requirement$55,800Weighted Average Base Salary of at least Fifty-Five Thousand Eight Hundred Dollars ($55,800)3
Square footage123,000 sq. feetin a total area of not less than 123,000 sq. feet2
Acreage17.122 acresa tract of land no less than approximately 17.122 acres2
Performance deadlineDecember 31, 2025shall meet all qualifications required for issuance of a certificate of occupancy by December 31, 20252
ExpirationDecember 31, 2031shall not extend the term of the agreement past tax year 2031.4
Effective dateOctober 2, 2023Date Signed: October 2, 202310
SignatoryCJ MadonnaName: CJ Madonna10
Chain statusSuperseded by agreement 0013589—
How to check this page

Every line above is in the contract.

Agreement 0008009 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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