The Abatement RegisterMcLennanAgreement 0013456
Texas Chapter 380 / 381 agreement · McLennan

BRAZOS RIVER VENTURES, LLC

Agreement 0013456, filed with the Texas Comptroller by MCLENNAN COUNTY, TEXAS.

$220,000,000committed capital investment
149permanent jobs committed
50–90%of personal property taxes abated
December 31, 2026performance deadline
The obligation

What the contract requires.

“Grantees will Substantially Complete construction of the Facility on or before December 31, 2026”Executed agreement, p. 6
“On or before December 31, 2027, Grantees will create and fill at least 149 new Eligible Jobs at the Facility.”Executed agreement, p. 7
“Facility Investment. Grantees will make a “Facility Investment” in the Facility of at least $220,000,000 in real and personal property improvements.”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“If this Agreement is terminated as a result of default, whether a general default under this Section 5.06, or a default under Sections 5.01 through 5.05, or if Grantees are required to repay any funds received under this Agreement (even if the Agreement is not terminated), Grantees will repay to the City all Property Tax Reimbursement Payments or a portion thereof, as required by the specific default.”Executed agreement, p. 10

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 · personal property taxes · p. 8

What was abated, and for how long.

90%first full calendar year after Substantial Completion
75%6th to 10th year after Substantial Completion
50%11th to 15th year after Substantial Completion

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 bodyMCLENNAN COUNTY, TEXASThis Agreement is entered into by and between MCLENNAN COUNTY, TEXAS ("COUNTY")1
Contracting entityBRAZOS RIVER VENTURES, LLCBRAZOS RIVER VENTURES, LLC, a Delaware limited liability company1
Parent / guarantorELECTROLIT MANUFACTURING USA, INC.ELECTROLIT MANUFACTURING USA, INC., a Texas corporation1
InstrumentIndustrial Business Granteconomic development incentives from the COUNTY in the form of an Industrial Business Grant1
Governing chapterChapter 380/381, Local Government Codecollectively as the “Parties” and individually as a “Party.” BACKGROUND In order to provide for investment in areas in need of revitalization by businesses which results in the creation of new jobs, new income, and to provide for positive economic growth and economic stabilization beneficial to the City as a whole, the City desires to enter into this Agreement for economic incentives pursuant to C—
Capital investment$220,000,000Facility Investment. Grantees will make a “Facility Investment” in the Facility of at least $220,000,000 in real and personal property improvements.6
Grant or incentiveNot stated in the agreement—
Jobs committed149On or before December 31, 2027, Grantees will create and fill at least 149 new Eligible Jobs at the Facility.7
Wage requirement$15.00 per hourpay its employees in the Required Jobs a minimum wage of no less than $15.00 per hour7
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2026Grantees will Substantially Complete construction of the Facility on or before December 31, 20266
ExpirationNot stated in the agreement—
Effective date10/21/25This Economic Development Agreement (the “Agreement”) is entered into to be effective as of the date of last signature to this Agreement (the “Effective Date”)4
SignatoryJeffery HoverAttn: Jeffery Hover, President/CEO14
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 0013456 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.

[email protected]