The Abatement RegisterSocorroAgreement 0011973
Texas Chapter 380 / 381 agreement · Socorro

Wiwynn Technology Corporation, a Texas Corporation

Agreement 0011973, filed with the Texas Comptroller by City of Socorro.

$64,000,000committed capital investment
$1,255,399.24grant or incentive
90%of Personal Property Tax abated
24 months after the Effective Dateperformance deadline
The obligation

What the contract requires.

“Within 24 months after the Effective Date, Applicant shall submit Grant Submittals to the City to verify the following”Executed agreement, p. 6
“creating 514 new full-time jobs”Executed agreement, p. 20
“$64,000,000 in building improvements”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“Should the Applicant default under Section 5 of this Agreement and provided that the cure period for such default has expired, all Grants provided to the Applicant for each Grant Year during which an uncured Event of Default exists shall be recaptured and repaid by Applicant within 60 days from the date of such termination.”Executed agreement, p. 10

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 Tax · p. 19

What was abated, and for how long.

90%Years 1-10

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 SocorroThat the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement ("Agreement") by and between the CITY OF SOCORRO ("City") and Wiwynn Technology Corporation, a Texas Corporation ("Applicant")2
Contracting entityWiwynn Technology Corporation, a Texas CorporationThat the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement ("Agreement") by and between the CITY OF SOCORRO ("City") and Wiwynn Technology Corporation, a Texas Corporation ("Applicant")2
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Program AgreementThis Chapter 380 Economic Development Program Agreement ("Agreement") is made and entered into by and between the City of Socorro, Texas3
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> City of Socorro Special Council Meeting June 2, 2024 Page 4 DATED THIS 28" OF MAY, 2025 Ou71r2eAA By: Olivia Navarro, City Clerk y S-B2C@ fiw Agenda posted: Removed: Time: by: <<<PAGE 2>>> RESOLUTION 826 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOCORRO: That the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement ("Agreement") by and betwee—
Capital investment$64,000,000$64,000,000 in building improvements5
Grant or incentive$1,255,399.24The City shall provide economic incentives not to exceed $1,255,399.24 in the form of a Personal Property Tax Grant.2
Jobs committed514 figure taken from a schedule, not from covenant languagecreating 514 new full-time jobs20
Wage requirement$17.31 /hr.meet the Median County Wage (El Paso County) currently, $17.31 /hr.20
Square footageNot stated in the agreement—
Acreage56.49 acresApproximately 29.67 acres known as Lot 2, Block 1, Socorro Logistics Center Unit Two...Approximately 26.82 acres (the “Land”), being Lot 1, Block 1, Socorro Logistics Center Unit Two16
Performance deadline24 months after the Effective DateWithin 24 months after the Effective Date, Applicant shall submit Grant Submittals to the City to verify the following6
ExpirationNot stated in the agreement—
Effective dateJune 6, 2025Date: Durne 6, 202915
SignatoryJoseph Jui Chang HsuName: Joseph Sur Chong, Hse15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 17

The new facility will include the design, manufacture, and assembly of high-density computing and storage products.

Parcels · p. 16
731090 · 731089
How to check this page

Every line above is in the contract.

Agreement 0011973 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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