The Abatement RegisterDentonAgreement 0013368
Texas Chapter 380 / 381 agreement · Denton

DDI Lewisville, LLC

Agreement 0013368, filed with the Texas Comptroller by Denton County, Texas.

$470,050,000committed capital investment
$3,987,987.40grant or incentive
65%of Denton County property taxes abated
The obligation

What the contract requires.

“The Developers agree that the Improvements shall meet all qualifications required for issuance of a certificate of occupancy no later than December 31, 2024”Executed agreement, p. 2
“approximately fifty-seven (57) Full-Time Employees with a Weighted Average Base Salary of at least $128,300.00 shall be employed at the Premises”Executed agreement, p. 2
“a minimum investment in the Improvements of not less than $470.050.000 on or before December 31, 2025”Executed agreement, p. 2

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The remedy

What the contract says happens.

“Failure to meet the Minimum Capital Investment on or before December 31, 2025, shall result in a loss of the Company's right to the Annual Grants for that calendar year”Executed agreement, p. 23

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 · Denton County property taxes · p. 15

What was abated, and for how long.

65%6 years

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 bodyDenton County, TexasDenton County, Texas (“County”), a political subdivision of the State of Texas1
Contracting entityDDI Lewisville, LLCDDI Lewisville, LLC (formerly known as Digital Lewisville, LLC), a Delaware limited liability company1
Parent / guarantorWells Fargo Bank, N.A.Wells Fargo Bank, N.A.., a national banking association1
InstrumentTax Incentive AgreementTexas Local Government Code — Chapter 381 Tax Incentive Agreement1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> Docusign Envelope ID: 687AB4C3-FEB1-462E-BFB2-861B197FA302 STATE OF TEXAS § § COUNTY OF DENTON § FIRST AMENDMENT TO TEXAS LOCAL GOVERNMENT CODE — CHAPTER 381 TAX INCENTIVE AGREEMENT AMONG DENTON COUNTY, TEXAS;—
Capital investment$470,050,000a minimum investment in the Improvements of not less than $470.050.000 on or before December 31, 20252
Grant or incentive$3,987,987.40The total Grant amount shall not exceed $3,987,987.40 during the Term of this Agreement15
Jobs committed57 recital language, not a covenantapproximately fifty-seven (57) Full-Time Employees with a Weighted Average Base Salary of at least $128,300.00 shall be employed at the Premises2
Wage requirement$128,300.00approximately fifty-seven (57) Full-Time Employees with a Weighted Average Base Salary of at least $128,300.002
Square footage80,000 square feetincluding one or more office and/or data center buildings totaling not less than 80,000 square feet2
Acreage16.5 acresa tract of land no less than approximately 16.5 acres and described by Exhibit A attached hereto12
Performance deadlineDecember 31, 2025 date not fully supported by the quoted sentenceThe Developers agree that the Improvements shall meet all qualifications required for issuance of a certificate of occupancy no later than December 31, 20242
Expiration2031This eligibility does not extend the term of the Agreement beyond the original six-year period, which concludes with the 2031 tax year.3
Effective dateJanuary 17, 2023Texas Local Government Code — Chapter 38] Tax Incentive Agreement dated effective January 17, 20231
SignatoryRafal KakBy: Rafal Kak Vice President of Portfolio Management4
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 0013368 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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