The Abatement RegisterMcAllenAgreement 0013592
Texas Chapter 380 / 381 agreement · McAllen

S-SI Ware Village No. 1, LLC

Agreement 0013592, filed with the Texas Comptroller by City of McAllen.

$50,000,000.00committed capital investment
$3,000,000.00grant or incentive
20–100%of McALLEN property taxes paid on all newly created taxable value at the Facility abated
The obligation

What the contract requires.

“Facility: COMPANY shall construct, or cause to be constructed, a Facility to be located on the Land, with an anticipated capital investment of not less than Fifty Million and No/100 Dollars ($50,000,000.00).”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“It is an event of default if COMPANY fails to submit to CITY any required certificate or Award Affidavit at the time and in the manner required in this Agreement. COMPANY’s sole liability in such instance shall be the repayment of any Incentive received by it that relates to the submission of an Award Affidavit.”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 · McALLEN property taxes paid on all newly created taxable value at the Facility · p. 7

What was abated, and for how long.

100%First Operational Year
80%Second Operational Year
60%Third Operational Year
40%Fourth Operational Year
20%Fifth Operational Year

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 McAllenThe City of McAllen (“CITY”) and S-SI Ware Village No. 1, LLC (“COMPANY”) agree to enter into this binding 380 Economic Development Agreement (“Agreement”).1
Contracting entityS-SI Ware Village No. 1, LLCThe City of McAllen (“CITY”) and S-SI Ware Village No. 1, LLC (“COMPANY”) agree to enter into this binding 380 Economic Development Agreement (“Agreement”).1
Parent / guarantorNot stated in the agreement—
Instrument380 Economic Development Agreement380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF McALLEN and S-SI WARE VILLAGE NO. 1, LLC (FOR WARE VILLAGE)1
Governing chapterChapter 380, Local Government CodeThe CITY is authorized by Chapter 380 of the Texas Local Government Code to make grants of money to promote state and local economic development and to stimulate business and commercial activity in McAllen.—
Capital investment$50,000,000.00Facility: COMPANY shall construct, or cause to be constructed, a Facility to be located on the Land, with an anticipated capital investment of not less than Fifty Million and No/100 Dollars ($50,000,000.00).2
Grant or incentive$3,000,000.00The total amount of grants to be paid to COMPANY (including but not limited to the Economic Development Grant and Sales Tax Incentive Grant as described above) shall not exceed $3,000,000.00.7
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage1,582,719.27 square feetBeing a 36.334 gross acre (or 1,582,719.27 square feet) tract of land, more or less, containing a part ots 105, 106, 107 and 108, Pride 0' Texas Subdivision, Hidalgo County, Texas12
Acreage36.334 gross acreBeing a 36.334 gross acre (or 1,582,719.27 square feet) tract of land, more or less, containing a part ots 105, 106, 107 and 108, Pride 0' Texas Subdivision, Hidalgo County, Texas12
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryJames GisslerS-SI WARE VILLAGE NO. 1, LLC py. Camee CGrssler Games Gissler, Manager11
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 0013592 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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