The Abatement RegisterComalAgreement 0008425
Texas Chapter 380 / 381 agreement · Comal

Caterpillar Inc.

Agreement 0008425, filed with the Texas Comptroller by Comal County, Texas.

$21,750,000committed capital investment
0–70%of $21,750,000 abated
December 31, 2023performance deadline
The obligation

What the contract requires.

“Manufacturing equipment is located on-site by Year d= 2025 December 31, 2023”Executed agreement, p. 1
“$21,750,000 worth of New Tangible Personal Property”Executed agreement, p. 1
Abatement schedule · $21,750,000 · p. 2

What was abated, and for how long.

10%Year 1-2024
70%Year 2 - 2025
70%Year 3 - 2026
55%Year 4 - 2027
55%Year 5 - 2028
55%Year 6 - 2029
30%Year 8-2031
0%Year 9-2032
0%Year 10-2033

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 bodyComal County, TexasComal County, Texas (hereinafter called “County”), a political subdivision of the State of Texas1
Contracting entityCaterpillar Inc.Caterpillar Inc., a Delaware Corporation authorized to do business in Texas (hereinafter called “Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentrebateCounty shall provide a grant based on taxes paid to Comal County and in accordance with Performance Table A in the form of an annual rebate1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This First Amendment to the Chapter 381 Economic Development Incentive Agreement [Caterpillar Inc.-Project Hydra] (this “Amendment”), is entered into by and between Comal County, Texas (hereinafter called “County”), a political subdivision of the State of Texas and Caterpillar Inc., a Delaware Corporation authorized to do business i—
Capital investment$21,750,000$21,750,000 worth of New Tangible Personal Property1
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2023Manufacturing equipment is located on-site by Year d= 2025 December 31, 20231
ExpirationNot stated in the agreement—
Effective dateDecember 21, 2023parties agree that the Agreement shall be amended effective December 21, 2023.1
SignatorySttwe FergusonBy: e Sttwe Ferguson3
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 0008425 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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