The Abatement RegisterWacoAgreement 0013548
Texas Chapter 380 / 381 agreement · Waco

GRAPHIC PACKAGING INTERNATIONAL, LLC

Agreement 0013548, filed with the Texas Comptroller by CITY OF WACO.

$1,026,000,000committed capital investment
190permanent jobs committed
50–90%of Eligible Tax Increment abated
December 31, 2026performance deadline
The obligation

What the contract requires.

“GPI will Substantially Complete the Facility on or before December 31, 2026”Executed agreement, p. 3
“On or before December 31, 2026, GPI will create and fill at least 190 new Eligible Jobs at the Facility.”Executed agreement, p. 4
“GPI will make a “Facility Investment” in the Facility of at least $1,026,000,000.”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“If repayment occurs between Years 1-5: 100% of Property Tax Reimbursement Payment shall be repaid and all future Property Tax Reimbursement Payments shall be forfeited.”Executed agreement, p. 9

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 · Eligible Tax Increment · p. 7

What was abated, and for how long.

90%Years 1-10
50%Years 11-20

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 WACOCITY OF WACO, a Texas home rule city and municipal corporation (hereinafter “City”)1
Contracting entityGRAPHIC PACKAGING INTERNATIONAL, LLCGRAPHIC PACKAGING INTERNATIONAL, LLC (hereinafter “GPI’”)1
Parent / guarantorNot stated in the agreement—
InstrumentECONOMIC DEVELOPMENT AGREEMENTECONOMIC DEVELOPMENT AGREEMENT1
Governing chapterChapter 380, Local Government Coded to collectively as the “Parties” and individually as a “Party.” BACKGROUND In order to provide for investment in areas in need of revitalization by businesses which result in the creation of new jobs, new income, and 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 —
Capital investment$1,026,000,000GPI will make a “Facility Investment” in the Facility of at least $1,026,000,000.3
Grant or incentiveNot stated in the agreement—
Jobs committed190On or before December 31, 2026, GPI will create and fill at least 190 new Eligible Jobs at the Facility.4
Wage requirement$17.50 per hourpay its employees in the Jobs an average minimum wage of no less than $17.50 per hour4
Square footage620,000GPI intends to construct 620,000 square feet of facilities for manufacturing of paperboard and paper-based packaging1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2026GPI will Substantially Complete the Facility on or before December 31, 20263
ExpirationDecember 31, 2045“Expiration Date” means December 31, 2045.2
Effective date6/17/20256/17/20251
SignatoryLauren S. TashmaLauren S. Tashma, Executive Vice President, General Counsel, and Secretary15
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 0013548 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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