Agreement 0010891, filed with the Texas Comptroller by City of New Braunfels, Texas.
The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of New Braunfels, TexasCHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF NEW BRAUNFELS, TEXAS AND COSTCO WHOLESALE CORPORATION | 1 |
| Contracting entity | Costco Wholesale CorporationCHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF NEW BRAUNFELS, TEXAS AND COSTCO WHOLESALE CORPORATION | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 380 Economic Development AgreementCHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF NEW BRAUNFELS, TEXAS AND COSTCO WHOLESALE CORPORATION | 1 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF NEW BRAUNFELS, TEXAS AND COSTCO WHOLESALE CORPORATION ($1.5 million Incentive Cap) This Chapter 380 Economic Development Agreement (this "Agreement") is entered into between the City of New Braunfels, Texas, a Texas home rule city (the "City") and Costco Wholesale Corporation, a Washington corporation ("Costco"). | — |
| Capital investment | $25,000,000Costco shall have made a capital investment of not less than Twenty-five Million Dollars ($25,000,000) in the Costco Facility | 5 |
| Grant or incentive | $1,500,000($1.5 million Incentive Cap) | 1 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 150,000Costco Facility on the Costco Property containing at least one hundred fifty thousand (150,000) square feet of Floor Area. | 4 |
| Acreage | 19.9983purchase approximately 19.9983 acres of unimproved land | 1 |
| Performance deadline | 48 months after the Costco Property Closing defined term, not a covenant"Conditions Satisfaction Deadline" shall mean the date that is 48 months after the Costco Property Closing | 2 |
| Expiration | Not stated in the agreement | — |
| Effective date | February 10, 2025effective as of _F%U 10, 2025 | 19 |
| Signatory | Dave MessnerBy: 6& Name: DAVE MESSNEAC Title: | 17 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0010891 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.
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.