The Abatement RegisterEl PasoAgreement 0008553
Texas Chapter 380 / 381 agreement · El Paso

WURLDWIDE LLG, a Delaware limited liability company, d/b/a Statue LLC

Agreement 0008553, filed with the Texas Comptroller by EL PASO COUNTY, 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
“at least fifty (50) Full-Time Jobs (the “Employment Commitment”)”Executed agreement, p. 11
“an aggregate amount of at least $800,000,000.00 (the “Subsequent Investment Threshold”)”Executed agreement, p. 13

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 County, 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. 20

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. 15

What was abated, and for how long.

eighty percent (80%)15 consecutive Grant Years
eighty percent (80%)15 consecutive Grant 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 (the “County”)1
Contracting entityWURLDWIDE LLG, a Delaware limited liability company, d/b/a Statue LLCWURLDWIDE LLG, a Delaware limited liability company, d/b/a Statue LLC (“Company”)1
Parent / guarantorNot stated in the agreement—
Instrument381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT1
Governing chapterChapter 381, Local Government CodeD, The County has established the County of El Paso Comprehensive Incentives Policy, approved by the County Commissioners Court (the “Commissioners Court”) on December 4, 2017 (OP-17-439), an economic development program pursuant to which the County may offer economic incentives authorized by Chapter 381 of the Texas Local Government Code (“Chapter 381”) that may include grants of public money to —
Capital investment$800,000,000.00an aggregate amount of at least $800,000,000.00 (the “Subsequent Investment Threshold”)13
Grant or incentiveNot stated in the agreement—
Jobs committedfifty (50) Full-Time Jobsat least fifty (50) Full-Time Jobs (the “Employment Commitment”)11
Wage requirement$16.43which is $16.434
Square footageNot stated in the agreement—
Acreage1,038.948 acresapproximately 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
Expirationthirty-five (35) years from the Effective Datewill expire thirty-five (35) years from the Effective Date9
Effective dateDecember 5, 2023Date: December 5, 202334
SignatoryPamela A. GregorskiName: Pamela A. Gregorski34
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 36
2381 · 9862
How to check this page

Every line above is in the contract.

Agreement 0008553 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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