DSV REAL ESTATE LAREDO, LLC

Agreement 0012285, filed with the Texas Comptroller by CITY OF LAREDO.

$85,000,000committed capital investment

$1.25 Milliongrant or incentive

80%of real property plus land abated

March 31, 2025performance deadline

The obligation

What the contract requires.

“The Company shall own or control the Site by no later than March 31, 2025”Executed agreement, p. 4

“CREATE AT LEAST ONE HUNDRED SEVENTY TWO (172) NEW FULL-TIME PERMANENT JOBS”Executed agreement, p. 20

“Construction cost $85,000,000”Executed agreement, p. 16

The repayment remedy

What happens if it is not met.

“Upon termination by the City, The City shall have the right to demand recapture from the Company for the total amount of any Grant Payment previously made for periods that the Company was in default of its obligations hereunder.”Executed agreement, p. 9

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 · real property plus land · p. 7

What was abated, and for how long.

80%YR 1

80%YR 2

80%YR 3

80%YR 4

80%YR 5

80%YR 6

80%YR 7

80%YR 8

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.

Field	Value & quoted source	Page
Granting body	CITY OF LAREDOCITY OF LAREDO, a municipal corporation of the State of Texas, (the “City”)	2
Contracting entity	DSV REAL ESTATE LAREDO, LLCDSV REAL ESTATE LAREDO, LLC, a Delaware limited liability company	2
Parent / guarantor	DSV GLOBAL TRANSPORT & LOGISTICSDSV GLOBAL TRANSPORT & LOGISTICS (“COMPANY”), a corporation authorized to do business in Texas	20
Instrument	Chapter 380 Economic Development Grant AgreementCHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT	2
Governing chapter	Chapter 380/381, Local Government CodeRevised 8/8/2023 <<<PAGE 2>>> STATE OF TEXAS Mr Lr an COUNTY OF WEBB CHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF LAREDO, TEXAS AND DSV REAL ESTATE LAREDO, LLC.	—
Capital investment	$85,000,000Construction cost $85,000,000	16
Grant or incentive	$1.25 MillionGrant payments total over agreement period shall not exceed $1.25 Million.	7
Jobs committed	172 recital language, not a covenantCREATE AT LEAST ONE HUNDRED SEVENTY TWO (172) NEW FULL-TIME PERMANENT JOBS	20
Wage requirement	$14.00 per hourshall provide that all employees filling a new Full-Time Job will be paid at a minimum rate of $14.00 per hour	5
Square footage	905,000CONSTRUCTION OF A 905,000 SQUARE FEET WAREHOUSING & DISTRIBUTION FACILITY	20
Acreage	49 acresconsisting of approximately 49 acres	3
Performance deadline	March 31, 2025The Company shall own or control the Site by no later than March 31, 2025	4
Expiration	Not stated in the agreement	—
Effective date	May 6, 2025EXECUTED on this 6th day of May , 2025.	13
Signatory	Andreas WengerPrinted Name: Andreas Wenger	13
Chain status	Superseded by agreement 0014597	—

How to check this page

Every line above is in the contract.

Agreement 0012285 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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