The Abatement RegisterComalAgreement 0012826
Texas Chapter 380 / 381 agreement · Comal

Continental Automotive Systems, Inc.

Agreement 0012826, filed with the Texas Comptroller by Comal County, Texas.

$110,000,000.00committed capital investment
576permanent jobs committed
47%of Ad Valorem Tax Revenues abated
January 1, 2022performance deadline
The obligation

What the contract requires.

“Company must complete the Facility by January 1, 2022.”Executed agreement, p. 3
“December 31, 2026 576 $27,951,206.40”Executed agreement, p. 4
“Company desires to invest approximately $110,000,000.00 cumulatively (including the cost of acquiring the Property) in (i) a manufacturing and research facility”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“If this Agreement is terminated due to default of Company, the County will seek to recapture, and Company agrees to repay, one hundred percent (100%) of the last Chapter 381 Payment rebated to Company.”Executed agreement, p. 8

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 Tax Revenues · p. 5

What was abated, and for how long.

Forty-seven percent (47%)1-10

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 bodyComal County, TexasComal County, Texas, a political subdivision of the State of Texas (the “County”)1
Contracting entityContinental Automotive Systems, Inc.Continental Automotive Systems, Inc. (“Company”)1
Parent / guarantorNot stated in the agreement—
Instrumentad valorem tax rebatethe purpose of this Agreement is to establish an ad valorem tax rebate to Company1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN COMAL COUNTY, TEXAS AND CONTINENTAL AUTOMOTIVE SYSTEMS, INC.—
Capital investment$110,000,000.00Company desires to invest approximately $110,000,000.00 cumulatively (including the cost of acquiring the Property) in (i) a manufacturing and research facility1
Grant or incentiveNot stated in the agreement—
Jobs committed576December 31, 2026 576 $27,951,206.404
Wage requirement$27,951,206.40December 31, 2026 576 $27,951,206.404
Square footage205,000 square feeta manufacturing and research facility of approximately 205,000 square feet1
AcreageNot stated in the agreement—
Performance deadlineJanuary 1, 2022Company must complete the Facility by January 1, 2022.3
Expirationthe tenth (10th) anniversary of the Ad Valorem Tax Effective DateTerm, This Agreement will become enforceable upon the Effective Date and will terminate on the tenth (10th) anniversary of the Ad Valorem Tax Effective Date3
Effective datethe date this Agreement has been signed by both the County and Company“Effective Date” means the date this Agreement has been signed by both the County and Company.2
SignatoryNot stated in the agreement—
Chain statusSuperseded by agreement 0012827—
How to check this page

Every line above is in the contract.

Agreement 0012826 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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