The Abatement RegisterWacoAgreement 0013282
Texas Chapter 380 / 381 agreement · Waco

BRAZOS RIVER VENTURES, LLC

Agreement 0013282, filed with the Texas Comptroller by CITY OF WACO.

$220,000,000committed capital investment
149permanent jobs committed
50–90%of personal property taxes abated
December 31, 2026performance deadline
The obligation

What the contract requires.

“Substantially Complete construction of the Facility on or before December 31, 2026”Executed agreement, p. 3
“at least 149 new Eligible Jobs at the Facility”Executed agreement, p. 4
“$220,000,000”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Grantees will repay to the City all Property Tax Reimbursement Payments or a portion thereof, as required by the specific default.”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 · personal property taxes · p. 5

What was abated, and for how long.

90%first full calendar year after Grantees have Substantially Completed the Facility
75%6th year after Grantees have Substantially Completed the Facility
50%11th year after Grantees have Substantially Completed the Facility

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 WACOCITY OF WACO, a Texas home rule city and municipal corporation (hereinafter “City”)1
Contracting entityBRAZOS RIVER VENTURES, LLCBRAZOS RIVER VENTURES, LLC, a Delaware limited liability company (hereinafter “BRV”)1
Parent / guarantorELECTROLIT MANUFACTURING USA, INC.ELECTROLIT MANUFACTURING USA, INC., a Texas corporation, (hereinafter “Electrolit” and collectively with BRV referred to as the “Grantees”)1
InstrumentProperty Tax ReimbursementProperty Tax Reimbursement Payments5
Governing chapterChapter 380, Local Government Codecollectively as the “Parties” and individually as a “Party.” BACKGROUND In order to provide for investment in areas in need of revitalization by businesses which results in the creation of new jobs, new income, and to provide for positive economic growth and economic stabilization beneficial to the City as a whole, the City desires to enter into this Agreement for economic incentives pursuant to C—
Capital investment$220,000,000$220,000,0003
Grant or incentiveNot stated in the agreement—
Jobs committed149at least 149 new Eligible Jobs at the Facility4
Wage requirement$15.00 per hourpay its employees in the Required Jobs a minimum wage of no less than $15.00 per hour4
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2026Substantially Complete construction of the Facility on or before December 31, 20263
ExpirationNot stated in the agreement—
Effective date10/21/2510/21/251
SignatoryJeffery HoverJeffery Hover13
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 0013282 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]