Agreement 0011907, filed with the Texas Comptroller by CITY OF MIDLAND, 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 MIDLAND, TEXASCITY OF MIDLAND, TEXAS | 1 |
| Contracting entity | CINERGY 108, LLCCINERGY 108, LLC | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND PERFORMANCE AGREEMENTCHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND PERFORMANCE AGREEMENT | 1 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CITY OF MIDLAND, TEXAS AND CINERGY 108, LLC CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND PERFORMANCE AGREEMENT This CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND PERFORMANCE AGREEMENT (the “Agreement”) is made and entered into by and between the CITY OF MIDLAND, TEXAS, a Texas home-rule municipality (the “City”), and CINERGY 108, LLC, (the “Company’), for the purposes and consideration | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000)Program Grant Payments Cap. The total amount of Program Grant Payments made by the City to the Company shall be subject to a cap of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000) | 11 |
| Jobs committed | 49.6 Full-Time Equivalent Employment PositionsThe Company covenants and agrees, during the Term of this Agreement, to employ and maintain an average of 49.6 Full-Time Equivalent Employment Positions | 7 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 100,000 square feetThe Company covenants and agrees to obtain or cause to be obtained from the City a Certificate of Occupancy for the Cinergy Venue consisting of a minimum of 100,000 square feet of space | 7 |
| Acreage | 7.88-acrean approximate 7.88-acre tract of land located at 4915 Loop 250 West, Midland, Texas | 1 |
| Performance deadline | December 31, 2026 defined term, not a covenantConditions Satisfaction Deadline. The phrase “Condition Satisfaction Deadline” means December 31, 2026 | 3 |
| Expiration | Not stated in the agreement | — |
| Effective date | Not stated in the agreement | — |
| Signatory | Kade L. PittmanName: Kade L. Pittman | 22 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0011907 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.