The Abatement RegisterWashingtonAgreement 0008733
Texas Chapter 380 / 381 agreement · Washington

Academy, Ltd., a Texas limited partnership d/b/a Academy Sports + Outdoors, Inc., a Delaware corporation

Agreement 0008733, filed with the Texas Comptroller by Washington County, Texas.

80%of County Sales Tax Revenue abated
January 1, 2024performance deadline
The obligation

What the contract requires.

“Academy shall complete construction of the Project on the Property, obtain a Certificate of Occupancy issued by the City, and be open to the public and fully operational no later than January 1, 2024.”Executed agreement, p. 3
“the economic benefit of the Brenham community from the Project will consist of approximately forty-one (41) full-time equivalent employee positions”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“in the event this Agreement is terminated due to Academy’s breach of any term or obligation of this Agreement, in addition to any other rights and remedies available to the County, Academy shall make repayment to the County of all monetary benefits provided to Academy pursuant to this Agreement.”Executed agreement, p. 6

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 · County Sales Tax Revenue · p. 4

What was abated, and for how long.

eighty percent (80%)Year 1

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 bodyWashington County, TexasBETWEEN WASHINGTON COUNTY, TEXAS AND ACADEMY, LTD., d/b/a ACADEMY SPORTS + OUTDOORS, INC.1
Contracting entityAcademy, Ltd., a Texas limited partnership d/b/a Academy Sports + Outdoors, Inc., a Delaware corporationAcademy, Ltd., a Texas limited partnership d/b/a Academy Sports + Outdoors, Inc., a Delaware corporation (“Academy”)1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development AgreementCHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN WASHINGTON COUNTY, TEXAS AND ACADEMY, LTD., d/b/a ACADEMY SPORTS + OUTDOORS, INC.—
Capital investmentNot stated in the agreement—
Grant or incentiveFive Hundred Thousand and No/100 Dollars ($500,000.00)shall terminate on the date that the County has paid Grant Payments pursuant to this Agreement totaling Five Hundred Thousand and No/100 Dollars ($500,000.00)3
Jobs committedforty-one (41) full-time equivalent employee positions recital language, not a covenantthe economic benefit of the Brenham community from the Project will consist of approximately forty-one (41) full-time equivalent employee positions1
Wage requirementNot stated in the agreement—
Square footage63,244 square feetAcademy seeks to construct and develop approximately 63,244 square feet of retail commercial space1
Acreage5.95 acreson approximately 5.95 acres in the Brenham Market Square mixed-use development1
Performance deadlineJanuary 1, 2024Academy shall complete construction of the Project on the Property, obtain a Certificate of Occupancy issued by the City, and be open to the public and fully operational no later than January 1, 2024.3
ExpirationMarch 2, 2034shall terminate on the date that the County has paid Grant Payments pursuant to this Agreement totaling Five Hundred Thousand and No/100 Dollars ($500,000.00), or March 2, 2034, whichever occurs earlier.3
Effective dateNovember 2 , 2023This Chapter 381 Economic Development Agreement (the “Agreement”) is entered into as of November 2 , 2023 (the “Effective Date”)1
SignatoryCarl FordBy: Carl Ford (Nov 10, 2023 13:01 CST)10
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 0008733 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.

[email protected]