The Abatement RegisterRichardsonAgreement 0013597
Texas Chapter 380 / 381 agreement · Richardson

Micron Technology, Inc.

Agreement 0013597, filed with the Texas Comptroller by City of Richardson, Texas.

$18,000,000.00committed capital investment
$300,000.00grant or incentive
December 31, 2025performance deadline
The obligation

What the contract requires.

“shall, subject to events of Force Majeure, cause Completion of Construction to occur on or before December 31, 2025”Executed agreement, p. 6
“Company intends to create two hundred forty eight (248) new employment positions over a four (4) year period”Executed agreement, p. 1
“Company intends to make a Capital Investment (hereinafter defined) in the Leased Premises of not less than Eighteen Million and No/100 Dollars ($18,000,000.00) for Tenant Improvements”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“Company shall immediately repay to City an amount equal to Modernization Grant paid by City to Company preceding the date of such termination, plus interest”Executed agreement, p. 7

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 · $100,000.00

What was abated, and for how long.

—First Installment
—Second Installment

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 Richardson, TexasThis Amended and Restated Economic Development Incentive Agreement (“Amended and Restated Agreement”) is made by and between the City of Richardson, Texas (“City”)1
Contracting entityMicron Technology, Inc.Micron Technology, Inc., a Delaware corporation (“Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentModernization GrantCity has determined that making the Modernization Grant (hereinafter defined) to the Company in accordance with this Agreement2
Governing chapterChapter 380, Local Government Codeand <<<PAGE 2>>> WHEREAS, City is authorized by Article III, Section 52-a of the Texas Constitution and Texas Local Government Code Chapter 380 to provide economic development grants to promote local economic development and to stimulate business and commercial activity in the City;—
Capital investment$18,000,000.00Company intends to make a Capital Investment (hereinafter defined) in the Leased Premises of not less than Eighteen Million and No/100 Dollars ($18,000,000.00) for Tenant Improvements1
Grant or incentive$300,000.00“Modernization Grant” shall mean an economic development grant to offset the costs incurred and paid by Company for the Tenant Improvements to the Leased Premises in the amount of Three Hundred Thousand and No/100 Dollars ($300,000.00)4
Jobs committed248 recital language, not a covenantCompany intends to create two hundred forty eight (248) new employment positions over a four (4) year period1
Wage requirement$164,000.00with an average annual salary of approximately One Hundred Sixty-Four Thousand and No/100 Dollars ($164,000.00), including benefits1
Square footage67,440has or intends to lease approximately 67,440 square feet of space in three (3) floors in the building located at 1500 N. Greenville Avenue, Richardson, Texas 750811
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2025shall, subject to events of Force Majeure, cause Completion of Construction to occur on or before December 31, 20256
ExpirationMay 1, 2032“Expiration Date” shall mean the seventh (7") anniversary of the Lease Inception Date.4
Effective dateMarch 24, 2026EXECUTED this 24th day of March , 2026.10
SignatoryJeff KoellingJeff Koelling Vice President, HIG HBM Design10
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 0013597 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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