The Abatement RegisterSulphur SpringsAgreement 0011922
Texas Chapter 380 / 381 agreement · Sulphur Springs

Liberty Industries Investments, LLC d/b/a Liberty Trailers

Agreement 0011922, filed with the Texas Comptroller by CITY OF SULPHUR SPRINGS, TEXAS.

$10,600,000.00committed capital investment
10–100%of City Ad Valorem Taxes abated
December 31, 2026performance deadline
The obligation

What the contract requires.

“By December 31, 2026, and throughout the Term, employ and retain a minimum of seventy-five (75) Full-Time Employment Positions”Executed agreement, p. 3
“create and maintain seventy-five (75) new Full-Time Employment Positions”Executed agreement, p. 1
“invested Ten Million Six Hundred Thousand and No/100 Dollars ($10,600,000.00) in the construction of said facility”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“If Operator defaults and fails to cure, the aggregate total of Program Grant Payments made to Operator shall become due and payable to the City.”Executed agreement, p. 5

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 · City Ad Valorem Taxes · p. 4

What was abated, and for how long.

100%2025
90%2026
80%2027
70%2028
60%2029
50%2030
40%2031
30%2032
20%2033
10%2034

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 bodyCITY OF SULPHUR SPRINGS, TEXASCITY OF SULPHUR SPRINGS, TEXAS AND LIBERTY INDUSTRIES1
Contracting entityLiberty Industries Investments, LLC d/b/a Liberty TrailersLiberty Industries Investments, LLC d/b/a Liberty Trailers (hereinafter referred to as the "Operator")1
Parent / guarantorLiberty Industries Property, LLCLiberty Industries Property, LLC (hereinafter referred to as the "Property Owner")1
InstrumentCHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENTCHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> ] 634 Exhibit “A” CITY OF SULPHUR SPRINGS, TEXAS AND LIBERTY INDUSTRIES CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT CITY OF SULPHUR SPRINGS, TEXAS AND LIBERTY INDUSTRIES This CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the "Agreement") is made and entered into by and between the CI—
Capital investment$10,600,000.00invested Ten Million Six Hundred Thousand and No/100 Dollars ($10,600,000.00) in the construction of said facility1
Grant or incentiveNot stated in the agreement—
Jobs committed75 the quoted sentence states no obligationcreate and maintain seventy-five (75) new Full-Time Employment Positions1
Wage requirement$3,354,000minimum annual payroll of $3,354,0003
Square footage150,000 sq. ft.constructed a 150,000 sq. ft. trailer manufacturing facility1
Acreage37.21-acreThe approximately 37.21-acre tract or tracts of land3
Performance deadlineDecember 31, 2026By December 31, 2026, and throughout the Term, employ and retain a minimum of seventy-five (75) Full-Time Employment Positions3
ExpirationDecember 31, 2034shall continue thereafter until December 31, 20342
Effective dateNot stated in the agreement—
SignatoryMike TesoBy: Aine AS Mike Teso7
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 0011922 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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