The Abatement RegisterEl PasoAgreement 0008173
Texas Chapter 380 / 381 agreement · El Paso

WURLDWIDE LLC

Agreement 0008173, filed with the Texas Comptroller by CITY OF EL PASO, TEXAS.

$800,000,000.00committed capital investment
50permanent jobs committed
80%of Initial Project Improvements abated
The obligation

Terms the contract defines.

“Completion Deadline means seven (7) years from the Commencement of Vertical Construction”Executed agreement, p. 4
“Company will provide or cause to be provided at least fifty (50) Full-Time Jobs (the “Employment Commitment”).”Executed agreement, p. 12
“Company must expend or cause the expenditure by the Completion Deadline of an Investment of at least Eight Hundred Million Dollars ($800,000,000.00)”Executed agreement, p. 10

The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.

The repayment remedy

What happens if it is not met.

“Company shall repay, within one hundred twenty (120) calendar days following receipt of written demand from the City, the aggregate amount of the value of any Property Tax Grant(s) received by Company hereunder, if any, plus Simple Interest at a rate of four percent (4%) per annum.”Executed agreement, p. 22

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 · Initial Project Improvements · p. 17

What was abated, and for how long.

80%15 consecutive 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 bodyCITY OF EL PASO, TEXASCITY OF EL PASO, TEXAS (the “City”), a home rule municipality organized under the laws of the State of Texas1
Contracting entityWURLDWIDE LLCWURLDWIDE LLC, a Delaware limited liability company, d/b/a Statue LLC1
Parent / guarantorNot stated in the agreement—
Instrument380 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT380 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT1
Governing chapterChapter 380, Local Government CodeIn accordance with a resolution adopted by the City Council of the City (the “City Council”) on January 19, 2021, the City has established an economic development program pursuant to which the City may offer economic incentives authorized by Chapter 380 of the Texas Local Government Code that may include grants of public money to projects, businesses and entities that the City Council determines w—
Capital investment$800,000,000.00Company must expend or cause the expenditure by the Completion Deadline of an Investment of at least Eight Hundred Million Dollars ($800,000,000.00)10
Grant or incentiveNot stated in the agreement—
Jobs committed50Company will provide or cause to be provided at least fifty (50) Full-Time Jobs (the “Employment Commitment”).12
Wage requirement$16.43which is $16.43.3
Square footageNot stated in the agreement—
Acreage1,038.948The Company is considering the purchase of approximately 1,038.948 acres of Land1
Performance deadlineseven (7) years from the Commencement of Vertical Construction defined term, not a covenantCompletion Deadline means seven (7) years from the Commencement of Vertical Construction4
ExpirationDecember 5, 2058will expire thirty-five (35) years from the Effective Date (the “Term”).10
Effective dateDecember 5, 2023Contract of Sale for the Land entered into between the City as seller and Company as buyer, effective as of December _5_, 20237
SignatoryPamela A. GregorskiName: Pamela A. Gregorski40
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 42
1176 · 1186
How to check this page

Every line above is in the contract.

Agreement 0008173 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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