The Abatement RegisterEl PasoAgreement 0010635
Texas Chapter 380 / 381 agreement · El Paso

Vinton Steel, LLC

Agreement 0010635, filed with the Texas Comptroller by El Paso County, Texas.

$229,994,535.00committed capital investment
$4,089,381.00grant or incentive
188permanent jobs committed
50–90%of ad valorem property tax increment revenues abated
3 years from the Effective Dateperformance deadline
The obligation

What the contract requires.

“The Company or its A ffiliate shall complete the Development within 3 years of the Effective Date of this A greement”Executed agreement, p. 4
“The Company agrees to create a minimum of 188 new Full-Time Employment positions”Executed agreement, p. 5
“The total Minimum Investment for this Property will, in no instance, be less than $229,994,535.00.”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“failure to cure the default within the initial ninety (90) days from the Notice of Default shall result in an Event of Default and County has the right to recapture any previous Grant payments made to Company”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 · ad valorem property tax increment revenues · p. 4

What was abated, and for how long.

90%years 1-3
75%years 4-6
50%years 7-10

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, Texasbetween El] Paso County, Texas (“County”), a political subdivision of the State of Texas1
Contracting entityVinton Steel, LLCVinton Steel, LLC (“Company”), a Texas Limited Liability Company authorized to 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 OFEL PASO _) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is entered into between El] Paso County, Texas (“County”), a political subdivision of the State of Texas, and Vinton Steel, LLC (“Company”), a Texas Limited Liability Company authorized to do business in Texas, for the purposes—
Capital investment$229,994,535.00The total Minimum Investment for this Property will, in no instance, be less than $229,994,535.00.3
Grant or incentive$4,089,381.00Company is eligible to receive up to $4,089,381.003
Jobs committed188The Company agrees to create a minimum of 188 new Full-Time Employment positions5
Wage requirement$17.31 per hourthe applicable Median County Wage used for determination of Grant Payment eligibility be less than the Median County Wage, which is $17.31 per hour.3
Square footageNot stated in the agreement—
Acreage108.1626 ACRESLegal Description: LAURA E MUNDY SURV 231 ABST 10035 1-B & 1-E& 1-F&1-G& LAURA E MUNDY SURV 233 1-B & 1-D & 2-B & 3 (108.1626 ACRES)16
Performance deadline3 years from the Effective DateThe Company or its A ffiliate shall complete the Development within 3 years of the Effective Date of this A greement4
ExpirationNot stated in the agreement—
Effective dateNovember 18, 2024Date: November 18, 202414
SignatoryMasahiro Kitadaby Masahiro Kitada jas Preideat of Vinton Steel, LLC.15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 16
263280
How to check this page

Every line above is in the contract.

Agreement 0010635 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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