Agreement 0013602, filed with the Texas Comptroller by CITY OF AUBREY, TEXAS.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | CITY OF AUBREY, TEXASCITY OF AUBREY, TEXAS, a Texas home-rule municipality | 1 |
| Contracting entity | WAL-MART REAL ESTATE BUSINESS TRUSTWAL-MART REAL ESTATE BUSINESS TRUST, a Delaware statutory trust | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Economic Development Agreement and Performance AgreementThis Economic Development Agreement and Performance Agreement | 1 |
| Governing chapter | Chapter 380, Local Government CodeWHEREAS, the City desires to provide, pursuant to Chapter 380 of the Texas Local Government Code an incentive to Developer to develop the Property as defined below; | — |
| Capital investment | $40,000,000.00a minimum amount of Forty Million and No/100 Dollars ($40,000,000.00) | 5 |
| Grant or incentive | $8,000,000equals Eight Million and No/100 Dollars ($8,000,000) | 3 |
| Jobs committed | 200to employ and maintain a minimum of Two Hundred (200) Full-Time Equivalent Employment Positions | 7 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 150,000construct a Walmart-branded retail facility containing at least 150,000 gross square feet | 2 |
| Acreage | 18approximately 18 acres of land situated at the northeast corner of the Hwy 377 and Spring Hill Road intersection | 2 |
| Performance deadline | December 31, 2029by December 31, 2029, a certificate of occupancy from the City of Aubrey, Texas, for the Facility | 5 |
| Expiration | December 31, 2039December 31, 2039, unless terminated sooner under the provisions hereof. | 3 |
| Effective date | Not stated in the agreement | — |
| Signatory | Brian HooperBrian Hooper, VP | 18 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013602 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.
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 I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.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.