The Abatement RegisterMcLennanAgreement 0010882
Texas Chapter 380 / 381 agreement · McLennan

CAPSTONE MECHANICAL, L.P.

Agreement 0010882, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

55permanent jobs committed
December 31, 2024performance deadline
The obligation

What the contract requires.

“at least 55 new full-time jobs that are WMCEDC eligible at the Facility on or before December 31, 2024”Executed agreement, p. 3
“CAPSTONE shall create, fill, and retain at least 55 new full-time jobs”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“COMPANIES shall make a repayment of all of the Incentive Funds actually received upon sixty (60) days written demand by WMCEDC”Executed agreement, p. 5

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 · In an amount not to exceed $5,454.54 per new job created

What was abated, and for how long.

—Upon completion of the requirements in Sections 2.1

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 bodyWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATIONWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION, a Texas non-profit corporation (hereinafter “WMCEDC’”)1
Contracting entityCAPSTONE MECHANICAL, L.P.CAPSTONE MECHANICAL, L.P. (hereinafter “Capstone’”)1
Parent / guarantorRSWB PARTNERS, LLCRSWB PARTNERS, LLC (hereinafter “RSWB”)1
InstrumentgrantWMCEDC agrees to provide grant funds1
Governing chapterNot stated in the agreement—
Capital investmentNot stated in the agreement—
Grant or incentiveThree Hundred Thousand Dollars ($300,000.00)WMCEDC agrees to provide grant funds of an amount not to exceed Three Hundred Thousand Dollars ($300,000.00)1
Jobs committed55 new full-time jobsCAPSTONE shall create, fill, and retain at least 55 new full-time jobs3
Wage requirementfifteen dollars ($15.00) per hourFor 48 of the New Jobs, the minimum base wage shall be no less than fifteen dollars ($15.00) per hour3
Square footageNot stated in the agreement—
Acreage6.001 acreslocated on 6.001 acres at Lot 1, Block 1, Capstone Addition1
Performance deadlineDecember 31, 2024at least 55 new full-time jobs that are WMCEDC eligible at the Facility on or before December 31, 20243
ExpirationDecember 31, 2028This Agreement shall be effective from Effective Date until December 31, 20286
Effective date205 day of icctelor 2027to be effective as of the 205 day of icctelor 2027 (he “Effective Date”)1
SignatoryRick TullisRick Tullis, CEO and President9
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 0010882 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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