The Abatement RegisterEl PasoAgreement 0012702
Texas Chapter 380 / 381 agreement · El Paso

RFD Beaufort, Inc.

Agreement 0012702, filed with the Texas Comptroller by City of El Paso.

$3,027,000committed capital investment
$151,074grant or incentive
70permanent jobs committed
70%of incremental ad valorem property tax revenue abated
December 31, 2030performance deadline
The obligation

What the contract requires.

“In order to be eligible for any Grant Payments, Applicant is required to retain its current 140 full- time equivalent jobs and create and maintain a minimum of 70 additional jobs that comply with the Full-Time Employment requirements of this Agreement by December 31, 2030.”Executed agreement, p. 19
“In order to be eligible for any Grant Payments, Applicant is required to retain its current 140 full- time equivalent jobs and create and maintain a minimum of 70 additional jobs that comply with the Full-Time Employment requirements of this Agreement by December 31, 2030.”Executed agreement, p. 19
“The Applicant agrees that it shall make or cause to be made, at its sole cost and expense or the expense of third parties, Minimum Investment of $3,027,000 associated with this Project.”Executed agreement, p. 7
The repayment remedy

What happens if it is not met.

“In the event this Agreement is terminated pursuant to this Section 5B, all Grant Payments previously provided by the City pursuant to this Agreement shall be recaptured and repaid by Applicant within 60 days from the date of such termination”Executed agreement, p. 9

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 · incremental ad valorem property tax revenue · p. 22

What was abated, and for how long.

70%10 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 El PasoThat the City Manager be authorized to sign a Chapter 380 Economic Development Program (“Agreement”) by and between the City of El Paso (“City”) and RFD Beaufort, Inc.1
Contracting entityRFD Beaufort, Inc.That the City Manager be authorized to sign a Chapter 380 Economic Development Program (“Agreement”) by and between the City of El Paso (“City”) and RFD Beaufort, Inc.1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Program AgreementThis Chapter 380 Economic Development Program Agreement (“Agreement”) is made this2
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> Be: VISED 9:40 am, Sep 29, 2025 SS 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”) by and between the City of El Paso (“City”) and RFD Beaufort, Inc., (“Applicant”), to further the municipal purpose of promoting economic development in the City, in support of the —
Capital investment$3,027,000The Applicant agrees that it shall make or cause to be made, at its sole cost and expense or the expense of third parties, Minimum Investment of $3,027,000 associated with this Project.7
Grant or incentive$151,074The City shall provide economic incentives not to exceed $151,074 in the form of Construction Materials Sales Tax Rebate, Development and Building Fee Rebate, Property Tax Rebate, and a Skills Training Grant.1
Jobs committed70 additional jobsIn order to be eligible for any Grant Payments, Applicant is required to retain its current 140 full- time equivalent jobs and create and maintain a minimum of 70 additional jobs that comply with the Full-Time Employment requirements of this Agreement by December 31, 2030.19
Wage requirement90% of the Median Area WageGrant Payments shall be made equivalent to at least 70% the total value of the City’s portion of the incremental ad valorem property tax revenue generated by the Project above the Base Year Value for the Project for the given tax year during the Grant Period, upon the Applicant’s certification that at least 90% of the created and available Full-Time Employment positions required herein for which w19
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2030In order to be eligible for any Grant Payments, Applicant is required to retain its current 140 full- time equivalent jobs and create and maintain a minimum of 70 additional jobs that comply with the Full-Time Employment requirements of this Agreement by December 31, 2030.19
ExpirationNot stated in the agreement—
Effective dateOctober 1, 2025This Chapter 380 Economic Development Program Agreement (“Agreement”) is made this {Hh day of () cho k 1 po 200 (“Effective Date”)2
SignatoryJohn HimesName: Johfi Hiff es16
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 0012702 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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