The Abatement RegisterMansfieldAgreement 0013439
Texas Chapter 380 / 381 agreement · Mansfield

Zah Group, Inc.

Agreement 0013439, filed with the Texas Comptroller by City of Mansfield, Texas.

100%of BPP abated
December 31, 2020performance deadline
The obligation

What the contract requires.

“By December 31, 2020, create and retain at least five hundred eighty-five (565) Jobs at the Facility”Executed agreement, p. 3
“By December 31, 2020, create and retain at least five hundred eighty-five (565) Jobs at the Facility”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Zah Group shall repay the City the full amount of the Payment made under this agreement, plus 1% per annum from the date the Payment was made”Executed agreement, p. 4

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 · BPP · p. 5

What was abated, and for how long.

100%12-31-12
100%12-31-13
100%12-31-14
100%12-31-15
100%12-31-16
100%12-31-17
100%12-31-18
100%12-31-19
100%12-31-20
100%12-31-21
100%12-31-22
100%12-31-23
100%12-31-24
100%12-31-25

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 Mansfield, TexasThis AMENDED AND RESTATED 380 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (AGREEMENT?) is entered into by and between the City of Mansfield, Texas1
Contracting entityZah Group, Inc.and Zah Group, Inc., a Delaware Corporation, hereinafter referred to as “Zah Group"1
Parent / guarantorKlein ToolsWHEREAS, the Zah Group owns and controls Klein Tools, a hand tool manufacturing company with worldwide presence1
Instrument380 Economic Development Program AgreementThis AMENDED AND RESTATED 380 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT1
Governing chapterChapter 312, Tax Code, and Chapter 380, Local Government CodeWITNESSETH: WHEREAS, in accordance with the Property Redevelopment and Tax Abatement Act, codified in Chapter 312 of the Texas Tax Code (the "ACT"), the CITY has adopted the Guidelines and Criteria for the Economic Development Incentives Program (the “POLICY");—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committed585 figure does not appear in the sentence quoted beside itBy December 31, 2020, create and retain at least five hundred eighty-five (565) Jobs at the Facility3
Wage requirementNot stated in the agreement—
Square footage60,000 sq. ft.The improvements to be constructed include an approximately 60,000 sq. ft. industrial building18
Acreage99.763 acresBEING 99.763 acres of jand jocated In the ELIZABETH McANIER SURVEY, ABSTRACT MO, STi, and the JG. WHEELER SURVEY. ABSTRACT WO. 803, htanelied, Johnacn County, Taxes26
Performance deadlineDecember 31, 2020By December 31, 2020, create and retain at least five hundred eighty-five (565) Jobs at the Facility3
ExpirationDecember 31, 2028This Agreement will terminate December 31, 2028, or the date of the last Grant Payment due to the Zah Group under Section 5 of this Agreement, whichever occurs first.3
Effective dateFebruary 6, 2013executing the 380 Economic Development Program Agreement (“Original Agreement") on February 6, 20131
SignatoryThomas Kleinacting by and through its President, Thomas Klein.1
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 0013439 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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