The Abatement RegisterCarrolltonAgreement 0012432
Texas Chapter 380 / 381 agreement · Carrollton

AER Manufacturing, LP

Agreement 0012432, filed with the Texas Comptroller by City of Carrollton, Texas.

$19,000,000committed capital investment
$277,663grant or incentive
50%of ad valorem taxes 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 fifteen (15) Full-Time Employees”Executed agreement, p. 1
“approximately Nineteen Million Dollars ($19,000,000) in Improvements to the Real Property”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“Repayment. In the event the Agreement is terminated by the City pursuant to Section 5.1 (c), (d), (e), or (f), for a breach or default by the Company, 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. 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 · ad valorem taxes · p. 1

What was abated, and for how long.

50%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 (the “Agreement”) is made by and between the City of Carrollton, Texas (the “City”)1
Contracting entityAER Manufacturing, LPThis Economic Development Incentive Agreement (the “Agreement”) is made by and between the City of Carrollton, Texas (the “City”) and AER Manufacturing, LP (the “Company’”’)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement (the “Agreement”)1
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 investment$19,000,000approximately Nineteen Million Dollars ($19,000,000) in Improvements to the Real Property1
Grant or incentive$277,663not to exceed Two Hundred Seventy-Seven Thousand and Six Hundred Sixty-Three Dollars ($277,663)1
Jobs committed15 recital language, not a covenantthe creation of fifteen (15) Full-Time Employees1
Wage requirementNot stated in the agreement—
Square footage155,000constructing 155,000 square feet of warehouse space1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2026The Expansion and Improvements shall occur by December 31, 2026.5
ExpirationDecember 31, 2032The tax rebate as to Real Property and BPP improvements, as provided for herein, shall be for a period of five (5) years, from January 1, 2028 until December, 31, 2032.4
Effective dateNot stated in the agreement—
SignatoryTodd SmithTodd Smith Chief Financial Officer10
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 0012432 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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