WESTEX FEDERAL CREDIT UNION

Agreement 0011628, filed with the Texas Comptroller by CITY OF PLAINVIEW.

$200,000committed capital investment

three full-time positionspermanent jobs committed

12 months from the Closing Dateperformance deadline

The obligation

What the contract requires.

“Within 12 months of the Closing Date, Westex substantially completes the construction, renovation, and installation of improvements”Executed agreement, p. 3

“employing and/or retaining at least three full-time positions”Executed agreement, p. 2

“with a minimum investment of $200,000 by Westex”Executed agreement, p. 2

The remedy

What the contract says happens.

“performance of this Agreement by Westex shall be secured by a reversionary interest in favor of the City of Plainview”Executed agreement, p. 2

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.

Every field, as the contract states it

The record.

Field	Value & quoted source	Page
Granting body	CITY OF PLAINVIEWCITY OF PLAINVIEW, a home rule city and political subdivision of the State of Texas	1
Contracting entity	WESTEX FEDERAL CREDIT UNIONWESTEX FEDERAL CREDIT UNION ("Westex")	1
Parent / guarantor	Not stated in the agreement	—
Instrument	380 Economic Development Performance AgreementThis 380 Economic Development Agreement (herein “Agreement’’)	1
Governing chapter	Chapter 380, Local Government Code<<<PAGE 1>>> 380 ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BY AND BETWEEN THE CITY OF PLAINVIEW AND WESTEX FEDERAL CREDIT UNION This 380 Economic Development Agreement (herein “Agreement’’) is made and entered into by and between CITY OF PLAINVIEW, a home rule city and political subdivision of the State of Texas under the provisions of Chapter 380, Texas Local Government Code, (“City” or “Plainvi	—
Capital investment	$200,000with a minimum investment of $200,000 by Westex	2
Grant or incentive	Not stated in the agreement	—
Jobs committed	three full-time positionsemploying and/or retaining at least three full-time positions	2
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	Not stated in the agreement	—
Performance deadline	12 months from the Closing DateWithin 12 months of the Closing Date, Westex substantially completes the construction, renovation, and installation of improvements	3
Expiration	Not stated in the agreement	—
Effective date	January 14, 2025GIVEN UNDER MY HAND AND SEAL of this [4 ny of Sanuan 2025.	8
Signatory	Vic L. LoveName: Vzeaz 4. LOY	9
Chain status	Terminal 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 0011628 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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