The Abatement RegisterHuttoAgreement 0012756
Texas Chapter 380 / 381 agreement · Hutto

Cerco Development, Inc.

Agreement 0012756, filed with the Texas Comptroller by Hutto Economic Development Corporation, Type B.

$28,000,000.00committed capital investment
$875,000.00grant or incentive
thirty-six (36) monthsperformance deadline
The obligation

What the contract requires.

“within thirty-six (36) months of the execution of this EDPA”Executed agreement, p. 7
“Sprouts alone is anticipated to create approximately 80 full time and part time positions”Executed agreement, p. 5
“developer projections for the cost of the necessary improvements are more than $28,000,000.00”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“repayment of all funds if performance terms are not met”Executed agreement, p. 1

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 · $350,000

What was abated, and for how long.

—Yo
—Y1
—Y2

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 bodyHutto Economic Development Corporation, Type BHutto Economic Development Corporation, Type B, a Texas nonprofit corporation5
Contracting entityCerco Development, Inc.Cerco Development, Inc., a Texas domestic for-profit corporation5
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Performance AgreementEconomic Development Performance Agreement (referred to as “EDPA”)5
Governing chapterChapter 380, Local Government CodeR-2025-219 A RESOLUTION OF THE CITY OF HUTTO, TEXAS, APPROVING A CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT FOR SALES TAX REIMBURSEMENT IN SUPPORT OF PROJECT SPROUTS, A PLANNED COMMERCIAL DEVELOPMENT LOCATED AT THE INTERSECTION OF STATE HIGHWAY 130 AND HIGHWAY 79;—
Capital investment$28,000,000.00developer projections for the cost of the necessary improvements are more than $28,000,000.005
Grant or incentive$875,000.00Cerco has requested $875,000.00 in grant funding from the HEDC1
Jobs committed80 recital language, not a covenantSprouts alone is anticipated to create approximately 80 full time and part time positions5
Wage requirementNot stated in the agreement—
Square footage23,000an approximately 23,000 square feet (“sq./ft.”) Sprouts Farmers Market grocery store1
Acreage13.84Cerco has entered into an agreement to purchase approximately 13.84 acres of unimproved land21
Performance deadlinethirty-six (36) monthswithin thirty-six (36) months of the execution of this EDPA7
ExpirationNot stated in the agreement—
Effective dateSeptember 4, 2025effective September 4, 202521
SignatoryWilliam MarshWilliam Marsh Executive Vice President34
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 0012756 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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