Lineage Logistics, LLC

Agreement 0009145, filed with the Texas Comptroller by CITY OF LAREDO.

$27,300,000committed capital investment

50–100%of real property abated

January 1, 2027performance deadline

The obligation

What the contract requires.

“In no case shall Year 1 begin later than January 1, 2027.”Executed agreement, p. 3

“The Company will create and then maintain no less than the following aggregate number of new Full-Time Jobs at the Project during each year of the Grant Period”Executed agreement, p. 4

“Foundation / Structure $27,300,000”Executed agreement, p. 16

The repayment remedy

What happens if it is not met.

“Upon an event of default (which is not cured within the applicable time period) under Article V, Section 1.D above for failure to materially perform the material terms of this Agreement, the City shall have the right to demand recapture from the Company for the total amount of any Grant Payment received by Company for the year in which default occurred.”Executed agreement, p. 10

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 · real property · p. 7

What was abated, and for how long.

100%Year 1

80%Year 2

80%Year 3

80%Year 4

80%Year 5

50%Year 6

50%Year 7

50%Year 8

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.

Field	Value & quoted source	Page
Granting body	CITY OF LAREDOCITY OF LAREDO, a municipal corporation of the State of Texas, (the “City”)	1
Contracting entity	Lineage Logistics, LLCLINEAGE LOGISTICS, LLC., a limited liability company registered to transact business in the State of Texas	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Chapter 380 Economic Development Performance AgreementCHAPTER 380 ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT	1
Governing chapter	Chapter 380/381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS § COUNTY OF WEBB § EXHIBIT A CHAPTER 380 ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BETWEEN THE CITY OF LAREDO, TEXAS AND LINEAGE LOGISTICS, LLC.	—
Capital investment	$27,300,000Foundation / Structure $27,300,000	16
Grant or incentive	Not stated in the agreement	—
Jobs committed	77 figure does not appear in the sentence quoted beside itThe Company will create and then maintain no less than the following aggregate number of new Full-Time Jobs at the Project during each year of the Grant Period	4
Wage requirement	$15.38/hr -$25.48/hr$15.38/hr -$25.48/hr	7
Square footage	247,844 square feetThe word “Facility” means the estimated 247,844 square feet of combined building area	2
Acreage	39 acreslocated at LOT 1, BLOCK 3, PORT LAREDO INDUSTRIAL PARK UNIT III in the City, consisting of approximately 39 acres	3
Performance deadline	January 1, 2027In no case shall Year 1 begin later than January 1, 2027.	3
Expiration	Not stated in the agreement	—
Effective date	May 20, 2024EXECUTED on this 20th day of May , 2024.	15
Signatory	Robert SangdahlPrinted Name: __ Robert Sangdahl	15
Chain status	Terminal 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 0009145 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]