The Abatement RegisterMidlandAgreement 0013415
Texas Chapter 380 / 381 agreement · Midland

Cinergy 108, LLC

Agreement 0013415, filed with the Texas Comptroller by City of Midland, Texas.

$2,500,000grant or incentive
75%of Ad Valorem Taxes abated
The obligation

Terms the contract defines.

“Conditions Satisfaction Deadline means December 31, 2026”Executed agreement, p. 9
“49.6 Full-Time Equivalent Employment Positions”Executed agreement, p. 8

The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.

The repayment remedy

What happens if it is not met.

“the City shall be entitled to recapture Program Grant Payments in the same proportion as the Company’s shortfall of created/retained Full-Time Equivalent Employment Positions”Executed agreement, p. 13

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 · Ad Valorem Taxes · p. 14

What was abated, and for how long.

75%Years 1 to 20
75%Years 1 to 20

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 Midland, TexasCITY OF MIDLAND, TEXAS5
Contracting entityCinergy 108, LLCCINERGY 108, LLC5
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Program and Performance AgreementCHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND PERFORMANCE AGREEMENT5
Governing chapterChapter 380, Local Government Code2925-961 RESOLUTION AUTHORIZING THE EXECUTION OF A CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND PERFORMANCE AGREEMENT BETWEEN THE CITY OF MIDLAND AND CINERGY 108, LLC, AS AUTHORIZED BY CHAPTER 380 OF THE TEXAS LOCAL GOVERNMENT CODE WHEREAS, the City Council finds it to be in the public interest to authorize the execution of a Chapter 380 Economic Development Program and Performance Agreement betwe—
Capital investmentNot stated in the agreement—
Grant or incentive$2,500,000cap of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000)11
Jobs committed49.6 Full-Time Equivalent Employment Positions the quoted sentence states no obligation49.6 Full-Time Equivalent Employment Positions8
Wage requirementNot stated in the agreement—
Square footage100,000 square feeta minimum of 100,000 square feet of space6
Acreage7.88-acrean approximate 7.88-acre tract of land5
Performance deadlineDecember 31, 2026 defined term, not a covenantConditions Satisfaction Deadline means December 31, 20269
Expiration20 yearsthe expiration of the twenty (20) year period referenced in Section 5(a)(1) below11
Effective date20252025, by ; . of25
SignatoryNot stated in the agreement—
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 0013415 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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