The Abatement RegisterMcLennanAgreement 0011263
Texas Chapter 380 / 381 agreement · McLennan

CAPSTONE MECHANICAL, L.P., AND RSWB PARTNERS, LLC

Agreement 0011263, filed with the Texas Comptroller by MCLENNAN COUNTY, TEXAS.

$4,300,000.00committed capital investment
55permanent jobs committed
5–40%of Personal Property abated
December 31, 2024performance deadline
The obligation

What the contract requires.

“CAPSTONE shall create and fill the 55 New Jobs at the New Premises on or before December 31, 2024”Executed agreement, p. 7
“CAPSTONE shall create, fill, and retain at least Fifty-five (55) new full-time jobs”Executed agreement, p. 6
“no less than Four Million, Three Hundred Thousand Dollars ($4,300,000.00)”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“CITY may require COMPANIES to repay all of the Incentive Grants paid to COMPANIES under this Agreement”Executed agreement, p. 11

The remedy here is discretionary — the clause says it may be applied, not that it must be.

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 · Personal Property · p. 10

What was abated, and for how long.

40%Year 1, or 2023
30%Year 2, or 2024
20%Year 3, or 2025
10%Year 4, or 2026
5%Year 5, or 2027
40%Years 1 — 5

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 bodyMCLENNAN COUNTY, TEXASMCLENNAN COUNTY, TEXAS ("COUNTY")1
Contracting entityCAPSTONE MECHANICAL, L.P., AND RSWB PARTNERS, LLCCAPSTONE MECHANICAL, L.P., AND RSWB PARTNERS, LLC1
Parent / guarantorNot stated in the agreement—
InstrumentIndustrial Business GrantIndustrial Business Grant Agreement1
Governing chapterChapter 380, Local Government Code— ~ i ' — ea MLM iy : Yan wavasee 7), MELEE SULA) TNH Bid BAI od } orn =) Bautas sal- oT anavaas en “7 te 2 Le eo CY JY, gg ASB O0O'CE NY TL an Bee = me wom nS foe, =A LILY Ha = ve a aa ae meee we we SS > ae ea 2 ee il é ‘ V LIGIHX] <<<PAGE 20>>> Docusign Envelope ID: 2184E055-2027-4CDC-B844-6F B3692A4FE9 EXHIBIT B CERTIFICATE OF COMPLETION FOR AGREEMENT FOR CHAPTER 380 GRANT BETWEEN COMPANY NAME —
Capital investment$4,300,000.00no less than Four Million, Three Hundred Thousand Dollars ($4,300,000.00)5
Grant or incentiveNot stated in the agreement—
Jobs committedFifty-five (55)CAPSTONE shall create, fill, and retain at least Fifty-five (55) new full-time jobs6
Wage requirement$44,000.00the average annual wage for the New Jobs shall be no less than $44,000.007
Square footage30,000 square foota newly built 30,000 square foot building4
Acreage6.001 acreson 6.001 acres at an existing building4
Performance deadlineDecember 31, 2024CAPSTONE shall create and fill the 55 New Jobs at the New Premises on or before December 31, 20247
ExpirationJune 30, 2028This Agreement shall be effective from Effective Date until June 30, 2028.14
Effective dateDecember 30, 2024effective as of the 30___dayof December, 20 244
SignatoryDustin UptmoreDustin Uptmfgre, General Manager3
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 0011263 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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