The Abatement RegisterBrownsvilleAgreement 0009233
Texas Chapter 380 / 381 agreement · Brownsville

Rich Products Corporation

Agreement 0009233, filed with the Texas Comptroller by City of Brownsville, Texas.

$64,500,000committed capital investment
40–60%of Increased Taxes abated
The obligation

What the contract requires.

“operation of the Facility is expected to create approximately 58 new full-time or full-time equivalent jobs”Executed agreement, p. 1
“the construction of a dedicated warehouse space will be necessary at a cost of approximately $64,500,000”Executed agreement, p. 1
The remedy

What the contract says happens.

“Developer (or its successors or assigns) will only receive a portion of any economic incentives scheduled to be received from the City for the year following the year in which the job default occurs, equal to the percentage of new jobs below 90% of the 58 new jobs to be created per this agreement.”Executed agreement, p. 5

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 · Increased Taxes · p. 3

What was abated, and for how long.

60%2025
60%2026
60%2027
60%2028
60%2029
40%2030
40%2031
40%2032
40%2033
40%2034

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 Brownsville, Texasby and between the City of Brownsville, Texas (the “City”), a Texas municipal home rule corporation1
Contracting entityRich Products Corporationand Rich Products Corporation, a Delaware corporation (the “Developer’’).1
Parent / guarantorNot stated in the agreement—
Instrumenteconomic development grantthe making of an economic development grant to defray a portion of the costs1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT This CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT (this “Agreement’) is entered into to be effective as of the _ _ AMM day of Mort _., 2023 (the “Effective Date’), by and between the City of Brownsville, Texas (the “City”), a Texas municipal home rule corporation, and Rich Products Corporation, a Delaware corporation (the “Developer’’).—
Capital investment$64,500,000the construction of a dedicated warehouse space will be necessary at a cost of approximately $64,500,0001
Grant or incentiveNot stated in the agreement—
Jobs committed58 recital language, not a covenantoperation of the Facility is expected to create approximately 58 new full-time or full-time equivalent jobs1
Wage requirementNot stated in the agreement—
Square footage159,000 square feetadding roughly 159,000 square feet of production, freezer, dry storage, office, and ancillary facility space1
Acreage14.94-acreon a 14.94-acre tract of real property located at 3555 E. 14th Street1
Performance deadlineNot stated in the agreement—
ExpirationDecember 31, 2034shall include, and extend until the end of, calendar year 20343
Effective dateMort _., 2023effective as of the _ _ AMM day of Mort _., 2023 (the “Effective Date’)1
SignatoryWi Caw 2 Q bet, drName: Wi Caw 2 Q bet, dr12
Chain statusSuperseded by agreement 0013547—
How to check this page

Every line above is in the contract.

Agreement 0009233 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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