Agreement 0012509, filed with the Texas Comptroller by CITY OF EL PASO.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | CITY OF EL PASOThat the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between the CITY OF EL PASO (“City”) and FERVERET, INC., (“Applicant”) | 1 |
| Contracting entity | FERVERET, INC.That the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between the CITY OF EL PASO (“City”) and FERVERET, INC., (“Applicant”) | 1 |
| Parent / guarantor | a Delaware corporationFERVERET, INC., a Delaware corporation | 2 |
| Instrument | Chapter 380 Economic Development Program AgreementThis Chapter 380 Economic Development Program Agreement ("Agreement") | 2 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EL PASO: That the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between the CITY OF EL PASO (“City”) and FERVERET, INC., (“Applicant”), to further the municipal purpose of promoting economic development in the City, in support of the business operations at the In | — |
| Capital investment | $454,139.19Tenant Improvements $454,139.19 | 15 |
| Grant or incentive | $875,634.84the aggregate Grant payments will not exceed $875,634.84. | 4 |
| Jobs committed | 30 the quoted sentence states no obligation‘requires the Applicant to create 30 full-time employees | 1 |
| Wage requirement | $18.21/hr.FERVERET, INC will meet the current Median County Wage ($18.21/hr.) | 27 |
| Square footage | 6,439 square feetThat certain office, warehouse, and storage space containing approximately 6,439 square feet | 35 |
| Acreage | Not stated in the agreement | — |
| Performance deadline | December 31 of each full tax year during the Grant Periodthe Applicant or its Affiliate is required to create and maintain the Full-Time Employment positions or Full-Time Employment Equivalent Hours by December 31 of each full tax year during the Grant Period | 27 |
| Expiration | 5 years from the Effective DateThis Agreement shall commence on the Effective Date and shall terminate on the first to occur of: (i) 5 years from the Effective Date | 4 |
| Effective date | September 3, 2025September 3, 2025 Effective Date | 30 |
| Signatory | Reza Azizianby Reza Azizian as Co-Founder & CEO for FERVERET, INC., a Delaware corporation. | 12 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0012509 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.
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.