The Abatement RegisterCarrolltonAgreement 0012424
Texas Chapter 380 / 381 agreement · Carrollton

Reynolds Presto Products Inc.

Agreement 0012424, filed with the Texas Comptroller by City of Carrollton, Texas.

50%of ad valorem taxes paid to the City on the assessed new value of real property and business and personal property abated
December 31, 2026performance deadline
The obligation

What the contract requires.

“The Expansion and Improvements shall occur by December 31, 2026.”Executed agreement, p. 5
“the creation of twenty-eight(28) Full-Time Employees”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“the Company shall immediately pay to the City an amount equal to the sum of the Grant Payments paid by the City to the Company under this Agreement prior to the date of such termination, plus interest”Executed agreement, p. 7

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 · ad valorem taxes paid to the City on the assessed new value of real property and business and personal property · p. 1

What was abated, and for how long.

fifty percent (50%)five (5) years

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 Carrollton, TexasThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Carrollton, Texas (the “City”) and Reynolds Presto Products Inc. (the “Company”),1
Contracting entityReynolds Presto Products Inc.This Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Carrollton, Texas (the “City”) and Reynolds Presto Products Inc. (the “Company”),1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Carrollton, Texas1
Governing chapterChapter 380, Local Government Codeand WHEREAS, Chapter 380 of the Texas Local Government Code authorizes the City to provide grants to promote state or local economic development and to stimulate business and commercial activity in the municipality;—
Capital investmentNot stated in the agreement—
Grant or incentiveThree Hundred Forty-Two Thousand And Seven Hundred Ten Dollars ($342,710)not to exceed Three Hundred Forty-Two Thousand And Seven Hundred Ten Dollars ($342,710)1
Jobs committedtwenty-eight(28) Full-Time Employees recital language, not a covenantthe creation of twenty-eight(28) Full-Time Employees1
Wage requirementNot stated in the agreement—
Square footage100,000 square feetconverting 100,000 square feet of warehouse space into manufacturing space1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2026The Expansion and Improvements shall occur by December 31, 2026.5
ExpirationDecember 31, 2032The term of the tax rebate pursuant to the Agreement is January 1, 2028 to December 31, 2032.12
Effective dateAugust 12, 2025EXECUTED on this 12th day of August , 2025.10
SignatoryPaul MolesPaul Moles Vice President of Tax10
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 0012424 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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