The Abatement RegisterChambersAgreement 0012418
Texas Chapter 380 / 381 agreement · Chambers

Targa Train 12, LLC

Agreement 0012418, filed with the Texas Comptroller by Chambers County, Texas.

$300,000,000committed capital investment
24–50%of County Property Tax abated
December 31, 2026performance deadline
The obligation

What the contract requires.

“substantially complete, or cause to be substantially completed, construction of Fractionation Facility 12 on or before December 31, 2026”Executed agreement, p. 6
“at least ten (10) Permanent Employee positions will be created”Executed agreement, p. 7
“The estimated investment for this project is $300,000,000.”Executed agreement, p. 36
The repayment remedy

What happens if it is not met.

“The Abatement or Incentives Agreement shall contain provisions for recapture of taxes abated”Executed agreement, p. 32

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 · County Property Tax · p. 5

What was abated, and for how long.

24%Abatement Year 1
35%Abatement Year 2
40%Abatement Years 3, 4, & 5
50%Abatement Years 6, 7, 8, 9, and 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 bodyChambers County, TexasChambers County, Texas, a Texas political subdivision ("County")1
Contracting entityTarga Train 12, LLCTarga Train 12, LLC, ("TARGA")1
Parent / guarantorTarga Resources Corp.Company: Targa Resources Corp.37
InstrumentEconomic Development Program AgreementThis Economic Development Program Agreement ("Agreement")1
Governing chapterChapter 312, Tax Code, and Chapter 381, Local Government Codeambers County, Texas ("County Commissioners Court") has the authority to develop and administer a program for entering into a tax abatement agreement with an owner or lessee of a property interest subject to ad valorem taxation, provided the execution, duration, and other terms of the agreement are governed, to the extent practicable, by the provisions of Sections 312.204, 312.205, and 312.211 of —
Capital investment$300,000,000The estimated investment for this project is $300,000,000.36
Grant or incentiveNot stated in the agreement—
Jobs committed10 recital language, not a covenantat least ten (10) Permanent Employee positions will be created7
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage213.839 acresDESCRIPTION OF A 213.839-ACRE (9,314,845 SQ. FT.) TRACT OF LAND53
Performance deadlineDecember 31, 2026substantially complete, or cause to be substantially completed, construction of Fractionation Facility 12 on or before December 31, 20266
ExpirationNot stated in the agreement—
Effective dateAugust 12, 2025entered into this 12th day of August , 20251
SignatoryAric MannAric Mann13
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 44

Pre-treatment Systems, De-Ethanizer Unit, De-Propanizer Unit, De-Butanizer Unit, Associated Towers, Additional Storage Facilities for Y-grade liquids and other components

How to check this page

Every line above is in the contract.

Agreement 0012418 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]