The Abatement RegisterRichardsonAgreement 0012752
Texas Chapter 380 / 381 agreement · Richardson

Rockwell Collins Inc.

Agreement 0012752, filed with the Texas Comptroller by City of Richardson, Texas.

$60,000,000.00committed capital investment
50%of Tangible Personal Property abated
4th anniversary of the Effective Dateperformance deadline
The obligation

What the contract requires.

“The Capital Investment shall be at least Sixty Million and No/100 Dollars ($60,000,000) as of the fourth (4'') anniversary of the Effective Date.”Executed agreement, p. 8
“WHEREAS, Company and/or a Company Affiliate intends to create and maintain up to Four Hundred (400) additional Employment Positions at the Improvements;”Executed agreement, p. 1
“WHEREAS, Company and/or a Company Affiliate intends to make a Capital Investment (hereinafter defined) of not less than Sixty Million and No/100 Dollars ($60,000,000.00);”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“5.2. Repayment. In the event the Agreement is terminated by City pursuant to Section 5.1(c), (d), (e), or (f), Company shall within sixty (60) days after termination repay to City an amount equal to Grants paid by City to Company preceding 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 · Tangible Personal Property · p. 2

What was abated, and for how long.

50%10 years
50%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 Richardson, TexasThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Richardson, Texas (“City”), and Rockwell Collins Inc.1
Contracting entityRockwell Collins Inc.This Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Richardson, Texas (“City”), and Rockwell Collins Inc., a Delaware Corporation operating as Collins Aerospace1
Parent / guarantorRTX CorporationWHEREAS, RTX Corporation, formerly Raytheon Technologies Corporation, (“RTX”) is one of the largest aerospace and defense manufacturers in the world1
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Richardson, Texas1
Governing chapterChapter 380, Local Government Code22 <<<PAGE 2>>> WHEREAS, City is authorized by Article III, Section 52-a of the Texas Constitution and Texas Local Government Code Chapter 380 to provide economic development grants to promote local economic development and to stimulate business and commercial activity in the City;—
Capital investment$60,000,000.00WHEREAS, Company and/or a Company Affiliate intends to make a Capital Investment (hereinafter defined) of not less than Sixty Million and No/100 Dollars ($60,000,000.00);1
Grant or incentiveNot stated in the agreement—
Jobs committed400 recital language, not a covenantWHEREAS, Company and/or a Company Affiliate intends to create and maintain up to Four Hundred (400) additional Employment Positions at the Improvements;1
Wage requirement$100,000.00Employment Position(s)” shall mean FTE Position Primary Jobs eligible for employee benefits with an annual average salary of One Hundred Thousand and No/100 Dollars ($100,000.00)3
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadline4th anniversary of the Effective DateThe Capital Investment shall be at least Sixty Million and No/100 Dollars ($60,000,000) as of the fourth (4'') anniversary of the Effective Date.8
ExpirationMarch 1, 2036“Expiration Date” shall mean the March 1, of the eleventh (1 1'') calendar year following the Effective Date.3
Effective dateOctober 6, 2025EXECUTED on this 6th day of __ October , 2025.14
SignatoryLeslie FesslerName: Leslie Fessler14
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 0012752 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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