The Abatement RegisterSan MarcosAgreement 0009029
Texas Chapter 380 / 381 agreement · San Marcos

Buc-ee’s San Marcos, LLC

Agreement 0009029, filed with the Texas Comptroller by City of San Marcos.

$50,000,000.00committed capital investment
175permanent jobs committed
50%of Sales Tax Revenues abated
March 31, 2025performance deadline
The obligation

What the contract requires.

“In no event shall Developer, having received an approved building permit from the City, commence construction of the Project later than March 31, 2025.”Executed agreement, p. 3
“Developer shall create at least one hundred seventy-five (175) full time equivalent jobs”Executed agreement, p. 3
“The Project shall have resulted in a minimum capital investment by Developer of $50,000,000.00.”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

““Overpayment Amount” means the percentage of a Grant Payment which Developer must reimburse to the City after delivery of a Job Compliance Affidavit showing Developer did not maintain the Minimum Job Threshold”Executed agreement, p. 2

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 · Sales Tax Revenues · p. 5

What was abated, and for how long.

fifty percent (50%)fifteen (15) year period

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 San Marcosthe City of San Marcos (“City”)1
Contracting entityBuc-ee’s San Marcos, LLCBuc-ee’s San Marcos, LLC, a Texas limited liability company (“Developer”)1
Parent / guarantorBuc-ee’s, LtdWith Copy to: Buc-ee’s, Ltd12
InstrumentChapter 380 Economic Development Incentives AgreementThis Chapter 380 Economic Development Incentives Agreement (this “Agreement”)1
Governing chapterChapter 380/381, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVES AGREEMENT This Chapter 380 Economic Development Incentives Agreement (this “Agreement”) is made and entered into by and between the City of San Marcos (“City”) and Buc-ee’s San Marcos, LLC, a Texas limited liability company (“Developer”), as of February 20, 2024 (the “Effective Date”).—
Capital investment$50,000,000.00The Project shall have resulted in a minimum capital investment by Developer of $50,000,000.00.2
Grant or incentiveNot stated in the agreement—
Jobs committed175Developer shall create at least one hundred seventy-five (175) full time equivalent jobs3
Wage requirementNot stated in the agreement—
Square footageseventy-four thousand (74,000) square feeta retail development consisting of a Buc-ee’s Travel Center being approximately seventy-four thousand (74,000) square feet2
Acreage21.92 acresa certain tract of land consisting of approximately 21.92 acres1
Performance deadlineMarch 31, 2025In no event shall Developer, having received an approved building permit from the City, commence construction of the Project later than March 31, 2025.3
ExpirationJanuary 1, 2040“Project Term" shall mean a period beginning on Tax Payment Effective Date and continuing for a period of fifteen (15) years.2
Effective dateFebruary 20, 2024as of February 20, 2024 (the “Effective Date”)1
SignatoryJoe O’ LearyJoe O’ Leary, Vice President15
Chain statusSuperseded by agreement 0009035—
How to check this page

Every line above is in the contract.

Agreement 0009029 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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