The Abatement RegisterJarrellAgreement 0013495
Texas Chapter 380 / 381 agreement · Jarrell

Wal-Mart Real Estate Business Trust

Agreement 0013495, filed with the Texas Comptroller by CITY OF JARRELL, TEXAS.

$40,000,000.00committed capital investment
$1,950,000grant or incentive
200permanent jobs committed
50%of Sales and Use Tax abated
December 31, 2028performance deadline
The obligation

What the contract requires.

“by December 31, 2028 (the “Developer Deadline’)”Executed agreement, p. 5
“employ and maintain a minimum of two hundred (200) Full-Time Equivalent Employment Positions”Executed agreement, p. 7
“Development Costs in a minimum amount of Forty Million and No/100 Dollars ($40,000,000.00)”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“Developer shall repay the amount of the public subsidy provided under this Agreement plus interest, at the rate of six percent (6%)”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 · Sales and Use Tax · p. 9

What was abated, and for how long.

50%First Year After Opening the Facility to the Public
50%Each of the Next 11 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 bodyCITY OF JARRELL, TEXASCITY OF JARRELL, TEXAS, a Texas Type A General Law municipality1
Contracting entityWal-Mart Real Estate Business TrustWal-Mart Real Estate Business Trust, a Delaware statutory trust1
Parent / guarantorWal-Mart Stores Texas, LLCWal-Mart Real Estate Business Trust, a Delaware statutory trust, and any of its related entities that may operate at the Property (including, but not limited to Wal-Mart Stores Texas, LLC)3
InstrumentECONOMIC INCENTIVE AND PERFORMANCE AGREEMENTECONOMIC INCENTIVE AND PERFORMANCE AGREEMENT1
Governing chapterChapter 380, Local Government Codeand WHEREAS, the City possesses the legal and statutory authority under Chapter 380 of the Texas Local Government Code to make loans or grants of public funds for the purposes of promoting local economic development and stimulating business and commercial activity within the City of Jarrell, Texas;—
Capital investment$40,000,000.00Development Costs in a minimum amount of Forty Million and No/100 Dollars ($40,000,000.00)5
Grant or incentive$1,950,000equals One Million, Nine Hundred Fifty Thousand and No/Dollars ($1,950,000)2
Jobs committed200employ and maintain a minimum of two hundred (200) Full-Time Equivalent Employment Positions7
Wage requirementNot stated in the agreement—
Square footage150,000Walmart-branded retail facility containing at least 150,000 gross square feet1
Acreage26.85approximately 26.85 acres of land1
Performance deadlineDecember 31, 2028by December 31, 2028 (the “Developer Deadline’)5
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryBrian KooperBy: Brian. Kooper15
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 0013495 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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