The Abatement RegisterChambersAgreement 0010629
Texas Chapter 380 / 381 agreement · Chambers

LONESTAR NGL ASSET HOLDINGS II, LLC

Agreement 0010629, filed with the Texas Comptroller by CHAMBERS COUNTY, TEXAS.

$265,000,000committed capital investment
$1,000,000.00grant or incentive
50–74%of New Eligible Abatement Property abated
November 2020performance deadline
The obligation

What the contract requires.

“Construction is anticipated to commence in October of 2019, and the facility will be fully operational by November of 2020.”Executed agreement, p. 24
“Upon completion of construction, there will be at minimum 12, full-time salaried positions”Executed agreement, p. 24
“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 LONESTAR NGL 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
50%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, TEXASCHAMBERS COUNTY, TEXAS1
Contracting entityLONESTAR NGL ASSET HOLDINGS II, LLCLONESTAR NGL ASSET HOLDINGS II , LLC.1
Parent / guarantorEnergy TransferCompany Name: Energy Transfer25
InstrumentChapter 381 Economic Development AgreementThis Chapter 381 Economic Development Agreement1
Governing chapterChapter 312, Tax Code, and Chapter 381, Local Government CodeHaustooene, County Clerk (Printed Name and Title) CHAPTER 381 AGREEMENT — PAGE 10 <<<PAGE 11>>> CHAPTER 312 TAX ABATEMENT AGREEMENT BETWEEN CHAMBERS COUNTY, TEXAS, AND LONESTAR NGL ASSET HOLDINGS II, LLC STATE OF TEXAS Mmm COUNTY OF CHAMBERS This Tax Abatement Agreement (hereinafter referred to as “the Agreement’) is made, entered, and executed between CHAMBERS COUNTY, TEXAS acting through its Com—
Capital investment$265,000,000with an estimated construction cost of $265,000,000.4
Grant or incentive$1,000,000.00Chapter 381 Infrastructure Payment shall mean one or more payments totaling in the aggregate an amount equal to ONE MILLION DOLLARS and NO/100 ($1,000,000.00)3
Jobs committed12 the quoted sentence states no obligationUpon completion of construction, there will be at minimum 12, full-time salaried positions24
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage85 acresThe Reinvestment Zone is an area within Chambers County, Texas, comprising approximately 85 acres more or less13
Performance deadlineNovember 2020Construction is anticipated to commence in October of 2019, and the facility will be fully operational by November of 2020.24
ExpirationNovember 31, 2030Chapter 381 Final Payment Date shall mean November 31, 2030.3
Effective dateAugust 12, 2020Auauer 12. 20a022
SignatoryLavek NwpRewsLavek NwpRews Seve RVISOR22
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 49
16241 · 16242 · 29968 · 20620 · 35521 · 35520 · 49011
How to check this page

Every line above is in the contract.

Agreement 0010629 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]