The Abatement RegisterChambersAgreement 0010668
Texas Chapter 380 / 381 agreement · Chambers

TGSCP 6363 LLC

Agreement 0010668, filed with the Texas Comptroller by Chambers County, Texas.

$60,000,000committed capital investment
100permanent jobs committed
100%of County Property Tax abated
March 1, 2023performance deadline
The obligation

What the contract requires.

“TGS 63 or a TGS 63 Affiliate covenant to substantially complete, or cause to be substantially completed, the Distribution Facility on or before March 1, 2023”Executed agreement, p. 6
“TGS 63 and TGS 63 Tenant represent and agree that at least one hundred (100) Permanent Employee positions will be maintained in the County throughout the abatement term.”Executed agreement, p. 7
“TGS 63 represents that it will construct a Spec Distribution Facility (‘New Facility") with an approximate improvement cost and added value of $60,000,000.”Executed agreement, p. 43
The repayment remedy

What happens if it is not met.

“TGS 63 and TGS 63 Tenant shall repay all taxes previously abated by virtue of this Agreement with interest at the rate of four percent (4%) per annum”Executed agreement, p. 7

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 · County Property Tax · p. 5

What was abated, and for how long.

100%2024-2032

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, Texas (“County”)1
Contracting entityTGSCP 6363 LLCTGSCP 6363 LLC, a Texas limited corporation (‘TGS 63”)1
Parent / guarantorHome Depot U.S.A., Inc.Home Depot U.S.A., Inc., a Delaware corporation (“TGS 63 Tenant”)1
InstrumentEconomic Development Program AgreementECONOMIC DEVELOPMENT PROGRAM AGREEMENT1
Governing chapterChapter 312, Tax Code, and Chapter 381, Local Government Codef Chambers County, Texas (“County Commissioners Court”) is authorized to develop and administer a program for entering into a tax abatement agreement with an owner or lessee of a property interest subject to ad valorem taxation, provided the execution, duration, and other terms of the agreement are governed, to the extent practicable, by the provisions of Sections 312.204, 312.205, and 312.211 of —
Capital investment$60,000,000TGS 63 represents that it will construct a Spec Distribution Facility (‘New Facility") with an approximate improvement cost and added value of $60,000,000.43
Grant or incentiveNot stated in the agreement—
Jobs committed100TGS 63 and TGS 63 Tenant represent and agree that at least one hundred (100) Permanent Employee positions will be maintained in the County throughout the abatement term.7
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage73.058BEING 73.058 ACRES OF LAND, MORE OR LESS, SITUATED IN JHE JOHN STEELE SURVEY, ABSTRACT NO. 227, CHAMBERS COUNTY, TEXAS.36
Performance deadlineMarch 1, 2023TGS 63 or a TGS 63 Affiliate covenant to substantially complete, or cause to be substantially completed, the Distribution Facility on or before March 1, 20236
Expiration2032The tax abatement shall begin on January 1, 2024, and shall continue for nine years, 2024 - 2032.5
Effective dateMarch 28, 2023March 28, 2023 (the “Commencement Date”)58
SignatoryJames ScottJames Scott14
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 36
R28485 · R1026 · R21748
How to check this page

Every line above is in the contract.

Agreement 0010668 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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