Agreement 0010893, filed with the Texas Comptroller by City of New Braunfels, Texas.
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| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of New Braunfels, TexasThis 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"). | 1 |
| Contracting entity | Costco Wholesale CorporationThis 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"). | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 380 Economic Development AgreementThis 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"). | 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 ($6.3 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, including, without limitation, the costs of acquiring the Costco Property, hard and soft construction costs relating to the Costco Facility, including any necessary off-site improvements, and the costs of equipping the Costco Facility. | 5 |
| Grant or incentive | $6,300,000The City's obligation to pay Costco shall cease upon aggregate payments to Costco as provided in this Article 5 in an amount equal to the Incentive Cap, or the expiration of the Term of this Agreement, even if the total aggregate payments to Costco as provided in this Article 5 is less than the Incentive Cap, whichever occurs first. | 5 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 150,000Completion of construction of the Costco Facility on the Costco Property containing at least one hundred fifty thousand (150,000) square feet of Floor Area. | 5 |
| Acreage | 19.9983 acresCostco has entered into an agreement to purchase approximately 19.9983 acres of unimproved land located at the intersection of Interstate Highway 35 and Kohlenberg Road in Comal County, Texas | 1 |
| Performance deadline | December 31, 2026 defined term, not a covenant"Acquisition Deadline" shall mean December 31, 2026. | 2 |
| Expiration | Not stated in the agreement | — |
| Effective date | 2025This Capital Investment Certification is being delivered by Costco Wholesale Corporation ("Costco") in connection with that certain Economic Development Agreement between the City of New Braunfels, Texas (the "City") and Costco effective as of 4B W , 2025 (the "Agreement"). | 19 |
| Signatory | Dave MesialThis instrument was acknowledged before me on the day of 2025, by OM ie MESIAL , the _GUP DcAL STK Corporation, a Washington corporation, on behalf o jaid corporation. | 17 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0010893 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.