The Abatement RegisterLaredoAgreement 0012287
Texas Chapter 380 / 381 agreement · Laredo

CLEAR CHOICE HOSPITAL, LLC

Agreement 0012287, filed with the Texas Comptroller by CITY OF LAREDO.

$14,000,000committed capital investment
$400,000grant or incentive
60%of Real Property Plus Land Total abated
June 30, 2027performance deadline
The obligation

What the contract requires.

“but in no case shall Year | begin later than June 30, 2027.”Executed agreement, p. 3
“Year 5 | + | 36”Executed agreement, p. 5
“The Company will invest the aggregate estimated amount of approximately fourteen million dollars ($14,000,000)”Executed agreement, p. 4
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 while the Company was in default”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 Total · p. 6

What was abated, and for how long.

60%Year 1
60%Year 2
60%Year 3
60%Year 4
60%Year 5

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 LAREDOCITY OF LAREDO, a municipal corporation of the State of Texas, (the “City”)2
Contracting entityCLEAR CHOICE HOSPITAL, LLCCLEAR CHOICE HOSPITAL, LLC, a limited liability company registered to transact business in the State of Texas, (the “Company”)2
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Grant AgreementCHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT2
Governing chapterChapter 380/381, Local Government CodeRevised 8/8/2023 <<<PAGE 2>>> STATE OF TEXAS Mrmr COUNTY OF WEBB EXHIBIT A CHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF LAREDO, TEXAS AND CLEAR CHOICE HOSPITAL, LLC.—
Capital investment$14,000,000The Company will invest the aggregate estimated amount of approximately fourteen million dollars ($14,000,000)4
Grant or incentive$400,000Grant payments total over agreement period shall not exceed $400,000.7
Jobs committed36 figure taken from a schedule, not from covenant languageYear 5 | + | 365
Wage requirement$15.00 per hourshall provide that all employees filling a new Full-Time Job will be paid at a minimum rate of $15.00 per hour5
Square footage23,000 square feetestimated added expansion of the current facility located at 7105 Bartlett Ave of 23,000 square feet3
AcreageNot stated in the agreement—
Performance deadlineJune 30, 2027but in no case shall Year | begin later than June 30, 2027.3
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryVictor Vasquez, Jr.Printed Name: Victor Vasquez, Jr.13
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 0012287 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.

[email protected]