The Abatement RegisterChambersAgreement 0010562
Texas Chapter 380 / 381 agreement · Chambers

ONEOK HYDROCARBON, LP

Agreement 0010562, filed with the Texas Comptroller by CHAMBERS COUNTY, TEXAS.

$265,000,000committed capital investment
50–74%of New Eligible Abatement Property abated
January 2021performance deadline
The obligation

What the contract requires.

“Construction is anticipated to commence in March of 2019, and is expected to be complete by January 2021, when the facility will also be fully operational.”Executed agreement, p. 24
“post construction the facility will employ at minimum 15, full-time, salaried employees for maintenance and operation.”Executed agreement, p. 24
““Project” means ONEOK’s planned construction of the new 5" fractionation facility to be constructed at its complex in Chambers County, with an estimated construction cost of $265,000,000.”Executed agreement, p. 4
The repayment remedy

What happens if it is not met.

“In the event of termination of this Agreement pursuant to the provisions of this paragraph, all taxes previously abated by virtue of this Agreement will be recaptured by the COUNTY and paid by ONEOK within sixty (60) days of the termination”Executed agreement, p. 16

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 · New Eligible Abatement Property · p. 14

What was abated, and for how long.

74%2021
60%2022
50%2023
50%2024
50%2025
50%2026
50%2027
50%2028
50%2029
50%2030

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 bodyCHAMBERS COUNTY, TEXASis made and entered into by and between CHAMBERS COUNTY, TEXAS, (hereinafter the “County’), and ONEOK HYDROCARBON, LP1
Contracting entityONEOK HYDROCARBON, LPis made and entered into by and between CHAMBERS COUNTY, TEXAS, (hereinafter the “County’), and ONEOK HYDROCARBON, LP1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development AgreementThis Chapter 381 Economic Development Agreement (hereinafter “Agreement”)1
Governing chapterChapter 312, Tax Code, and Chapter 381, Local Government Codeee < a“ oe Bausam INotnay “tanta lov Tom Blake ca al (Printed Name and Title) CHAPTER 381 AGREEMENT — PAGE 10 <<<PAGE 11>>> CHAPTER 312 TAX ABATEMENT AGREEMENT BETWEEN CHAMBERS COUNTY, TEXAS, AND ONEOK HYDROCARBON, LP STATE OF TEXAS § § COUNTY OF CHAMBERS § This Tax Abatement Agreement (hereinafter referred to as “the Agreement’) is made, entered, and executed between CHAMBERS COUNTY, TEXAS acting—
Capital investment$265,000,000“Project” means ONEOK’s planned construction of the new 5" fractionation facility to be constructed at its complex in Chambers County, with an estimated construction cost of $265,000,000.4
Grant or incentiveNot stated in the agreement—
Jobs committed15 recital language, not a covenantpost construction the facility will employ at minimum 15, full-time, salaried employees for maintenance and operation.24
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineJanuary 2021Construction is anticipated to commence in March of 2019, and is expected to be complete by January 2021, when the facility will also be fully operational.24
ExpirationNovember 31, 2029“Chapter 381 Final Payment Date” shall mean November 31, 2029.3
Effective dateNot stated in the agreement—
SignatoryTaBiae ve? oF TAKBy: ONEOK HYDROCARBON, LP (Signature) _TaBiae ve? oF TAK (Printed Name and Title)9
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 39
1036 · 1037 · 1165
How to check this page

Every line above is in the contract.

Agreement 0010562 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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