The Abatement RegisterMontgomeryAgreement 0013296
Texas Chapter 380 / 381 agreement · Montgomery

BCS Montgomery, LLC

Agreement 0013296, filed with the Texas Comptroller by City of Montgomery, Texas.

$4,800,000.00grant or incentive
50–95%of Sales Tax Receipts abated
The repayment remedy

What happens if it is not met.

“then the obligation to pay the Annual Sales Tax Grants shall terminate and BCS shall refund all respective amounts of Annual Sales Tax Grants received by BCS from the City that relate to the Comptroller Challenge”Executed agreement, p. 6

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 · Sales Tax Receipts · p. 2

What was abated, and for how long.

ninety-five percent (95%)calendar year
fifty percent (50%)calendar year

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 Montgomery, Texasexecuted by and between the City of Montgomery, Texas (the “City”), the Montgomery Economic Development Corporation (the “MEDC”), and BCS Montgomery, LLC1
Contracting entityBCS Montgomery, LLCexecuted by and between the City of Montgomery, Texas (the “City”), the Montgomery Economic Development Corporation (the “MEDC”), and BCS Montgomery, LLC1
Parent / guarantorBCS Capital Management LLCBy: BCS Capital Management LLC, its Manager14
Instrumenteconomic development grantsauthorizes the MEDC to provide economic development grants for infrastructure necessary to promote or develop new or expanded business enterprises1
Governing chapterChapter 380, Local Government Codeand WHEREAS, Chapter 380 of the Texas Local Government Code provides that Texas municipalities may create programs to promote local economic development, and WHEREAS, the City has concluded and hereby finds that this Agreement clearly promotes economic development in the City and, as such, meets the requisites under Chapter 380 of the Texas Local Government Code, as amended, and further, is in the—
Capital investmentNot stated in the agreement—
Grant or incentive$4,800,000.00“Maximum Sales Tax Grant” shall mean the cumulative payment of Annual Sales Tax Grants to BCS in the amount up to four million eight hundred thousand dollars ($4,800,000.00)3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage39 acresBCS is in the process of purchasing and developing approximately 39 acres of land located within Montgomery County, Texas1
Performance deadlineNot stated in the agreement—
Expirationten (10) years from the Effective Date“Expiration Date” shall mean the earlier of: (i) ten (10) years from the Effective Date of this agreement; or (ii) the date of payment of the Maximum Sales Tax Grant amount.2
Effective dateAugust 12, 2034Date: A»guet (2, 203412
SignatoryRobert CannonName: Robert Cannon14
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 15
2004110206 · 2013017790
How to check this page

Every line above is in the contract.

Agreement 0013296 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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