Agreement 0013396, filed with the Texas Comptroller by THE CITY OF PALESTINE, TEXAS.
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 | THE CITY OF PALESTINE, TEXASTHE CITY OF PALESTINE, TEXAS, a Texas home-rule municipal corporation primarily located in Anderson County, Texas (the “City”) | 1 |
| Contracting entity | BITCOIN MINING INSTITUTE LLCBITCOIN MINING INSTITUTE LLC (“BMI”), hereinafter collectively referred to as the “Parties” | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Property Tax RebatesARTICLE IIL. Property Tax Rebates. | 3 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PALESTINE, TEXAS, AND BITCOIN MINING INSTITUTE LLC STATE OF TEXAS § § COUNTY OF ANDERSON § This Chapter 380 Economic Development Agreement (the “Agreement”) is made and entered into by and between THE CITY OF PALESTINE, TEXAS, a Texas home-rule municipal corporation primarily located in Anderson County, Texas (the “City”), | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $100,000in no event shall the total amount exceed $100,000 dollars | 3 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | Not stated in the agreement | — |
| Acreage | nine acresLot 5 (consisting of nine acres) | 1 |
| Performance deadline | August 31, 2026BMI shall, on or before August 31, 2026, receive its final certificate of occupancy for the Facility Property | 1 |
| Expiration | August 31, 2036shall terminate on the tenth (10") anniversary from the date that BMI receives its final certificate of occupancy for the Facility Property | 3 |
| Effective date | 2026“Effective Date” means the date this Agreement is last executed by the City or BMI. | 3 |
| Signatory | Tyler SchmillTyler Schmill, Chief Executive Officer | 11 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013396 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.