The Abatement RegisterEl PasoAgreement 0009650
Texas Chapter 380 / 381 agreement · El Paso

EATON Corporation

Agreement 0009650, filed with the Texas Comptroller by El Paso County, TEXAS.

$70,000,000.00committed capital investment
$1,178,242.00grant or incentive
575permanent jobs committed
80%of ad valorem property tax increment revenues abated
September 30, 2025performance deadline
The obligation

What the contract requires.

“The Applicant or its Affiliate agrees that it shall obtain a Certificate of Occupancy no later than September 30", 2025.”Executed agreement, p. 6
“create FIVE HUNDRED EVENTY-FIVE (575) new full-time positions.”Executed agreement, p. 7
“The total Minimum Investment for this Property will, in no instance, be less than SEVENTY MILLION dollars ($70,000,000.00).”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“Recapture and collect from Company an amount equal to the amount actually paid to Company for each year of the Grant Period during which the uncured Event of Default was in existence (the "Recapture Amount");”Executed agreement, p. 12

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 · ad valorem property tax increment revenues · p. 5

What was abated, and for how long.

80%15 years

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 bodyEl Paso County, TEXASEl Paso County, TEXAS (“County”), a political subdivision of the State of Texas1
Contracting entityEATON CorporationEATON Corporation (“Company”), an OHIO Corporation authorized te do business in Texas1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development Program AgreementThis Chapter 381 Economic Development Program Agreement (“Agreement”)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS ) } CHAPTER 381 ECONOMIC DEVELOPMENT COUNTY OF EL PASO +) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between El Paso County, TEXAS (“County”), a political subdivision of the State of Texas, and EATON Corporation (“Company”), an OHIO Corporation authorized te do business in Texas, for the purpos—
Capital investment$70,000,000.00The total Minimum Investment for this Property will, in no instance, be less than SEVENTY MILLION dollars ($70,000,000.00).5
Grant or incentive$1,178,242.00Company is eligible to receive up to ONE MILLION ONE HUNDRED SEVENTY-EIGHT THOUSAND TWO HUNDRED FORTY-TWO Dollars ($1,178,242.00).4
Jobs committed575create FIVE HUNDRED EVENTY-FIVE (575) new full-time positions.7
Wage requirement$16.43 per hourthe applicable Median County Wage used for determination of Grant Payment eligibility be less than the Median County Wage, which is $16.43 per hour.5
Square footage527,000 square feetThe total square footage of the investment shall be 527,000 square feet.5
Acreage50.938 ACLegal Description: 1 WESTPORT #6 LOT 1 (50.938 AC)19
Performance deadlineSeptember 30, 2025The Applicant or its Affiliate agrees that it shall obtain a Certificate of Occupancy no later than September 30", 2025.6
ExpirationNot stated in the agreement—
Effective dateApril 8, 2024IN WITNESS WHEREOF the Parties have executed this Agreement effective on 8th day of April , 2024.17
SignatoryDavid L. CooleName: David L. Coole18
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 19

The new facility will include the design, manufacture, assembly and testing of Low Voltage Circuit Breakers, Molded Case Circuit Breakers, Low Voltage Assemblies, Panelboards, and Switchboards.

Parcels · p. 19
118489
How to check this page

Every line above is in the contract.

Agreement 0009650 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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