The Abatement RegisterEl PasoAgreement 0008493
Texas Chapter 380 / 381 agreement · El Paso

Champlain Cable Corporation

Agreement 0008493, filed with the Texas Comptroller by El Paso County, TEXAS.

$5,686,000committed capital investment
$54,078grant or incentive
50%of incremental ad valorem property tax revenue abated
3 years from the Effective Dateperformance deadline
The obligation

What the contract requires.

“The Company or its Affiliate shall complete the Development within three (3) years of the Effective Date of this Agreement”Executed agreement, p. 4
“The total Minimum Investment for this Property will, in no instance, be less than Five Million, Six Hundred and Eighty-Six Thousand Dollars ($5,686,000).”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Recapture and collect from Company an amount equal to the amount actually paid to Company for each Grant Period during which the uncured Event of Default was in existence (the "Recapture Amount")”Executed agreement, p. 9

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 · incremental ad valorem property tax revenue · p. 3

What was abated, and for how long.

50%5 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 bodyEl Paso County, TEXASEl Paso County, TEXAS ("County"), a political subdivision of the State of Texas1
Contracting entityChamplain Cable CorporationCHAMPLAIN CABLE CORPORATION, a Delaware Corporation ("CCC"); and jointly as ("Applicant" or "Champlain’’)1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development Program AgreementThis Chapter 381 Economic Development Program Agreement ("Agreement")1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS ) ) CHAPTER 381 ECONOMIC DEVELOPMENT COUNTY OFEL PASO _) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between El Paso County, TEXAS (“County”), a political subdivision of the State of Texas, and CHAMPLAIN CABLE TEXAS CORPORATION, a Wyoming Corporation (“CCTC”);—
Capital investment$5,686,000The total Minimum Investment for this Property will, in no instance, be less than Five Million, Six Hundred and Eighty-Six Thousand Dollars ($5,686,000).3
Grant or incentive$54,078The word “Grant” means each annual payment to Company under the terms of this Agreement computed with reference to property taxes generated by the Development and payable from the County's general revenue fund and shall in no event exceed the total amount of Fifty-Four Thousand, Seventy-Eight Dollars ($54,078) during the term of this Agreement.3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage1665193.9 sq ftParcel of land contains approximately 38.2 acres (1665193.9 sq ft) of land16
Acreage38.2 acresParcel of land contains approximately 38.2 acres (1665193.9 sq ft) of land16
Performance deadline3 years from the Effective DateThe Company or its Affiliate shall complete the Development within three (3) years of the Effective Date of this Agreement4
ExpirationNot stated in the agreement—
Effective dateJune 6, 2022IN WITNESS WHEREOF the Parties have executed this Agreement effective on day of June 6, 2022.14
SignatoryNot stated in the agreement—
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 2
657120
How to check this page

Every line above is in the contract.

Agreement 0008493 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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