The Abatement RegisterMcLennanAgreement 0013125
Texas Chapter 380 / 381 agreement · McLennan

Envases Commerce, LLC, IZ Texas, LLC

Agreement 0013125, filed with the Texas Comptroller by WACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

$55,000,000committed capital investment
$600,000grant or incentive
71permanent jobs committed
December 31, 2026performance deadline
The obligation

What the contract requires.

“Grantees will Substantially Complete construction of the Facility on or before December 31, 2026”Executed agreement, p. 3
“Grantees will create and fill at least 71 new Eligible Jobs at the Facility.”Executed agreement, p. 5
“Grantees will make a “Facility Investment” in the Facility of at least $55,000,000”Executed agreement, p. 3
The remedy

What the contract says happens.

“If Grantees fail to create, fill, and retain the number of Required Jobs required by Article III, WMCEDC may send written notice of such failure, and Grantees will have 60 days from receipt of the notice to cure the failure.”Executed agreement, p. 7

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 · Grant Funds

What was abated, and for how long.

—December 31, 2031

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 bodyWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATIONWACO McLENNAN COUNTY ECONOMIC DEVELOPMENT CORPORATION, a Texas non-profit corporation (hereinafter “WMCEDC”)1
Contracting entityEnvases Commerce, LLC, IZ Texas, LLCEnvases Commerce, LLC, a Delaware limited liability company (“Envases”), IZ Texas, LLC, a Texas limited liability company (“IZ”)1
Parent / guarantorNot stated in the agreement—
InstrumentProgram Project AgreementPROGRAM PROJECT AGREEMENT1
Governing chapterNot stated in the agreement—
Capital investment$55,000,000Grantees will make a “Facility Investment” in the Facility of at least $55,000,0003
Grant or incentive$600,000WMCEDC will pay to Grantees an amount not to exceed $600,000 to assist Grantees with the construction of the Facility6
Jobs committed71Grantees will create and fill at least 71 new Eligible Jobs at the Facility.5
Wage requirement$25.00 per hourpay its employees in the Required Jobs a minimum wage of no less than $25.00 per hour5
Square footage83,000 square footconstruct an approximately 83,000 square foot manufacturing facility1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2026Grantees will Substantially Complete construction of the Facility on or before December 31, 20263
ExpirationJune 30, 2035“Expiration Date” means June 30, 2035.2
Effective dateNot stated in the agreement—
SignatoryDiego GeneraDiego/Génera, Managing Director14
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 0013125 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.

[email protected]