The Abatement RegisterArlingtonAgreement 0009016
Texas Chapter 380 / 381 agreement · Arlington

espace Inc.

Agreement 0009016, filed with the Texas Comptroller by CITY OF ARLINGTON, TEXAS.

400permanent jobs committed
50%of Two Thousand Five Hundred Dollars ($2,500) for every Arlington resident hired and retained in a Full-Time Job abated
sixty (60) months after construction of the Project has been completedperformance deadline
The obligation

What the contract requires.

“no less than Four Hundred (400) Full Time Jobs, with a minimum average annual salary of Ninety- Five Thousand Dollars ($95,000), at the Project no later than sixty (60) months after construction of the Project has been completed.”Executed agreement, p. 8
“Company (including any Subsidiaries) shall create and fill no less than Four Hundred (400) Full Time Jobs”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“CITY may recapture Fifty Percent (50%) the Initial Grants made under this Agreement up to the time of breach.”Executed agreement, p. 5

The remedy here is discretionary — the clause says it may be applied, not that it must be.

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 · Two Thousand Five Hundred Dollars ($2,500) for every Arlington resident hired and retained in a Full-Time Job

What was abated, and for how long.

—5/1/2024-12/31/2024
—1/1/2025-12/31/2025
—1/1/2026-12/31/2026
Fifty Percent (50%)2026
Fifty Percent (50%)2027

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 bodyCITY OF ARLINGTON, TEXASCITY OF ARLINGTON, TEXAS, a home-rule city and municipal corporation of Tarrant County, Texas1
Contracting entityespace Inc.espace Inc., Corporation (hereinafter referred to as “Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentMaster AgreementTHIS MASTER AGREEMENT (hereinafter referred to as “Agreement”)1
Governing chapterChapter 380, Local Government Codeand WHEREAS, Chapter 380 of the Local Government Code provides statutory authority for establishing and administering the Program provided herein;—
Capital investmentNot stated in the agreement—
Grant or incentiveTwenty-Five Thousand Dollars ($25,000)The total cumulative amount of the Arlington Hire Grants provided under this Subsection II.F., shall not exceed Twenty-Five Thousand Dollars ($25,000).4
Jobs committedFour Hundred (400)Company (including any Subsidiaries) shall create and fill no less than Four Hundred (400) Full Time Jobs8
Wage requirementNinety-Five Thousand Dollars ($95,000)with a minimum average annual salary of Ninety- Five Thousand Dollars ($95,000)8
Square footageTwo Hundred and Fifty Thousand (250,000) square footProject” shall mean approximately Two Hundred and Fifty Thousand (250,000) square foot manufacturing facility2
AcreageNot stated in the agreement—
Performance deadlinesixty (60) months after construction of the Project has been completedno less than Four Hundred (400) Full Time Jobs, with a minimum average annual salary of Ninety- Five Thousand Dollars ($95,000), at the Project no later than sixty (60) months after construction of the Project has been completed.8
ExpirationNot stated in the agreement—
Effective date2024, 2024 (hereinafter referred to as “Effective Date”)1
SignatoryPras LYONPras LYON CHAD iN COL? Stee Ies712
Chain statusSuperseded by agreement 0009858, 0010497—
How to check this page

Every line above is in the contract.

Agreement 0009016 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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