The Abatement RegisterMcAllenAgreement 0012316
Texas Chapter 380 / 381 agreement · McAllen

McAllen Logistics Owner, LLC

Agreement 0012316, filed with the Texas Comptroller by City of McAllen.

$20,300,000.00committed capital investment
20–100%of McAllen property taxes abated
twenty-four (24) months after the Effective Dateperformance deadline
The obligation

What the contract requires.

“to cause completion of construction of the Facility to occur on or before twenty-four (24) months after the Effective Date.”Executed agreement, p. 3
“with an anticipated capital investment of Twenty Million and No/100 Dollars ($20,300,000.00).”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“COMPANY’s sole liability in such instance shall be the repayment of any incentive received by it associated with such Operational Year”Executed agreement, p. 6

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 · McAllen property taxes · p. 4

What was abated, and for how long.

100%First Operational Year
80%Second Operational Year
60%Third Operational Year
40%Fourth Operational Year
20%Fifth Operational Year

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 McAllenThe City of McAllen (“CITY”) and McAllen Logistics Owner, LLC (“COMPANY”) agree to enter into this binding Economic Development Agreement (“Agreement”).1
Contracting entityMcAllen Logistics Owner, LLCThe City of McAllen (“CITY”) and McAllen Logistics Owner, LLC (“COMPANY”) agree to enter into this binding Economic Development Agreement (“Agreement”).1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development GrantCITY agrees to the following Incentives: A. Economic Development Grant.4
Governing chapterChapter 380, Local Government CodeThe CITY is authorized by Chapter 380 of the Texas Local Government Code to make grants of money to promote state and local economic development and to stimulate business and commercial activity in McAllen.—
Capital investment$20,300,000.00with an anticipated capital investment of Twenty Million and No/100 Dollars ($20,300,000.00).2
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage157,500 square feetwhich includes approximately 157,500 square feet of Class A industrial space, to be developed on the Land.1
AcreageNot stated in the agreement—
Performance deadlinetwenty-four (24) months after the Effective Dateto cause completion of construction of the Facility to occur on or before twenty-four (24) months after the Effective Date.3
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryD. 6rWRforR SithName: D. 6rWRforR Sith8
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 0012316 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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