The Abatement RegisterLaredoAgreement 0010785
Texas Chapter 380 / 381 agreement · Laredo

CLEAR CHOICE HOSPITAL, LLC

Agreement 0010785, filed with the Texas Comptroller by CITY OF LAREDO.

$117,500,000committed capital investment
$1.1 Milliongrant or incentive
40–60%of real property and personal property taxes abated
January 1, 2025performance deadline
The obligation

What the contract requires.

“The Company shall own the Site by no later than January 1, 2025”Executed agreement, p. 3
“Year 3 25 100”Executed agreement, p. 4
“$117,500,000 for completion of improvements and installation of Business Personal Property”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“The City shall have the right to demand recapture from the Company for the total amount of any Grant Payment previously made while the Company was in default”Executed agreement, p. 8

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 · real property and personal property taxes · p. 6

What was abated, and for how long.

60%YR 1
60%YR 2
60%YR 3
50%YR 4
50%YR 5
40%YR 6
40%YR 7
40%YR 8

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 bodyCITY OF LAREDOCITY OF LAREDO, a municipal corporation of the State of Texas, (the “City”)1
Contracting entityCLEAR CHOICE HOSPITAL, LLCCLEAR CHOICE HOSPITAL, LLC, a limited liability company registered to transact business in the State of Texas, (the “Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Grant AgreementCHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT1
Governing chapterChapter 380/381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS ML COUNTY OF WEBB EXHIBIT A CHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF LAREDO, TEXAS AND CLEAR CHOICE HOSPITAL, LLC.—
Capital investment$117,500,000$117,500,000 for completion of improvements and installation of Business Personal Property3
Grant or incentive$1.1 MillionGrant payments total over agreement period shall not exceed $1.1 Million.7
Jobs committed100 figure taken from a schedule, not from covenant languageYear 3 25 1004
Wage requirement$15.00 per hourall employees filling a new Full-Time Job will be paid at a minimum rate of $15.00 per hour4
Square footage112,000 square feet112,000 square feet of an acute care general hospital2
Acreage14.55 acresconsisting of approximately 14.55 acres2
Performance deadlineJanuary 1, 2025The Company shall own the Site by no later than January 1, 20253
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryVictor Vasquez, Jr.Printed Name: Victor Vasquez, Jr.12
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0010785 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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