Agreement 0013323, filed with the Texas Comptroller by City of Mansfield, Texas.
The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of Mansfield, TexasThis Economic Incentive and Performance Agreement (“Agreement”) is made and entered into by and between the City of Mansfield, Texas, a home-rule municipal corporation located in Tarrant, Johnson and Ellis Counties, Texas (the “City”), Mansfield Economic Development Corporation, a 4A Economic Development Corporation (the “MEDC”), and SL Corporation, a Delaware corporation authorized to conduct bus | 2 |
| Contracting entity | SL CorporationThis Economic Incentive and Performance Agreement (“Agreement”) is made and entered into by and between the City of Mansfield, Texas, a home-rule municipal corporation located in Tarrant, Johnson and Ellis Counties, Texas (the “City”), Mansfield Economic Development Corporation, a 4A Economic Development Corporation (the “MEDC”), and SL Corporation, a Delaware corporation authorized to conduct bus | 2 |
| Parent / guarantor | Stallion Labs Land Investments, LLCWHEREAS, Stallion Labs Land Investments, LLC, a Delaware Corporation, (the “Company”) has applied to the City and the MEDC for financial assistance with expenditures related to construction of its U.S Corporate Headquarters, Research and Development, and Advanced Manufacturing facility in Mansfield, Texas; and, | 1 |
| Instrument | Economic Incentive and Performance AgreementThis Economic Incentive and Performance Agreement (“Agreement”) is made and entered into by and between the City of Mansfield, Texas, a home-rule municipal corporation located in Tarrant, Johnson and Ellis Counties, Texas (the “City”), Mansfield Economic Development Corporation, a 4A Economic Development Corporation (the “MEDC”), and SL Corporation, a Delaware corporation authorized to conduct bus | 2 |
| Governing chapter | Chapter 313 / JETI (school district value limitation)MEDC agrees to initiate, coordinate, and assist with the work with the State and Ellis County for all available incentives to include property tax abatements, Texas Enterprise Funds, Chapter 313 Tax, Research and Development Tax Credit, Skilled Development Fund, and others. | — |
| Capital investment | $100,000,000.00including approximately $40,000,000.00 in real property development and $100,000,000.00 in business personal property; and the creation of (400) new Full-Time Employees (“FTEs”) during the first five (5) years after receiving a Final Certificate of Occupancy issued by the City’s Building Safety Department to the Company (hereinafter, the “Project”); and | 3 |
| Grant or incentive | $4,500,000.005. MEDC agrees to provide the following grant payments: $1,500,000.00, not later than December 31, 2032; $1,500,000.00, not later than December 31, 2034; and $1,500,000.00, not later than December 31, 2036. | 16 |
| Jobs committed | 400 the quoted sentence states no obligationand the creation of 400 new Full-Time Employee jobs (the “Project”); and, | 1 |
| Wage requirement | $100,000.00(b) The Company shall maintain an average annual total compensation of $100,000.00 for at least 50 percent (50%) of the FTEs provided under this Agreement, and | 7 |
| Square footage | 200,000WHEREAS, the expansion will include construction of an estimated 200,000 square feet of corporate office space, research and development labs, and advanced manufacturing facilities; and the creation of 400 new Full-Time Employee jobs (the “Project”); and, | 1 |
| Acreage | 19.5+including the construction of an estimated 200,000 square feet of corporate office space, research and development labs, and advanced manufacturing facilities on 19.5+ acres of City-owned land located at Highway 360 south of Lone Star Road, Mansfield, Texas, including approximately $40,000,000.00 | 3 |
| Performance deadline | December 31, 2028 defined term, not a covenant(D) Certificate of Occupancy. The phrase “Certificate of Occupancy” shall mean a Final Certificate of Occupancy issued by the City’s Building Safety Department to the Company for the Project and must be obtained, subject to Force Majeure (described below), by the Company not later than December 31, 2028. | 4 |
| Expiration | December 31, 2036(K) Expiration Date. The phrase “Expiration Date” shall mean December 31, 2036. | 4 |
| Effective date | September 22, 2025This instrument was acknowledged before me on the 22-day of September, 2025, | 13 |
| Signatory | Smit Shahpersonally appeared Smit Shah, in his/her capacity as Authorized Signatory of SL Corporation. | 13 |
| Chain status | Superseded by agreement 0013324 | — |
Agreement 0013323 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.
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.