Agreement 0008554, filed with the Texas Comptroller by HAYS COUNTY.
Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | HAYS COUNTYHAYS COUNTY, a political subdivision of the State of Texas (hereinafter referred to as the “County”) | 1 |
| Contracting entity | NEWQUEST EQUITY, L.C.NEWQUEST EQUITY, L.C., a Texas limited liability company duly authorized to do business in the State of Texas (hereinafter referred to as “NewQuest”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 381 Economic Development Incentive AgreementCHAPTER 381 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT | 1 |
| Governing chapter | Chapter 380/381, Local Government Codeand NewQuest has entered into or anticipates entering into a corresponding Chapter 380 economic incentive agreement with the City of Kyle (hereinafter the “City”) (which, in part, will provide for the payment to NewQuest of a portion of the City’s ad valorem tax revenues and sales tax revenues from the commercial properties located on the Property); | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $38,970,938Total Payments means the cumulative amount of payments made to NewQuest pursuant to this Agreement, the Chapter 380 Economic Incentive Agreement, the Development Agreement, and the TIRZ Plan, which shall not exceed $38,970,938 | 4 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 450,000 square feetProject means the mixed used development to be located and operating on the Property, consisting of approximately 450,000 square feet of commercial retail, restaurant, hotel, and office space | 3 |
| Acreage | 101.8283-acreProperty means that a certain 101.8283-acre parcel, more or less, being more particularly described in Exhibit A. | 3 |
| Performance deadline | five (5) years from the Effective DateNewQuest completes construction and obtains a Certificate of Occupancy for a minimum of 100,000 square feet of shell or finished (or a combination thereof) retail space on or before five (5) years from the Effective Date. | 5 |
| Expiration | December 31, 2048the “Expiration Date”. The “Expiration Date” shall be the earlier to occur of: (a) the date that an amount equal to the Total Payments is paid to NewQuest, or (b) December 31, 2048 | 16 |
| Effective date | December 19, 2023Effective Date means December 19, 2023. | 2 |
| Signatory | Steven D. AlvisName: STZVE D. ALVIS | 18 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0008554 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.
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.