The Abatement RegisterPrincetonAgreement 0013642
Texas Chapter 380 / 381 agreement · Princeton

HOME DEPOT U.S.A., INC.

Agreement 0013642, filed with the Texas Comptroller by PRINCETON ECONOMIC DEVELOPMENT CORPORATION.

$33,000,000.00committed capital investment
$500,000.00grant or incentive
45permanent jobs committed
TWENTY-FOUR (24) MONTHS following the Effective Dateperformance deadline
The obligation

What the contract requires.

“Completion Deadline. The Company shall, subject to any applicable Force Majeure Events, cause the Substantial Completion of the Project within TWENTY-FOUR (24) MONTHS following the Effective Date”Executed agreement, p. 5
“Year 3. Continuously during the third (3") full calendar year, at least (i) forty-five (45) Full-Time Equivalent Employment Positions”Executed agreement, p. 6
“THIRTY-THREE MILLION AND NO/100 DOLLARS ($33,000,000.00)”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“the Company shall, upon written demand by the PEDC, promptly reimburse the PEDC a prorated amount of the Infrastructure Grant”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.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyPRINCETON ECONOMIC DEVELOPMENT CORPORATIONPRINCETON ECONOMIC DEVELOPMENT CORPORATION1
Contracting entityHOME DEPOT U.S.A., INC.HOME DEPOT U.S.A., INC.1
Parent / guarantorNot stated in the agreement—
InstrumentDEVELOPMENT AND PERFORMANCE AGREEMENTDEVELOPMENT AND PERFORMANCE AGREEMENT1
Governing chapterNot stated in the agreement—
Capital investment$33,000,000.00THIRTY-THREE MILLION AND NO/100 DOLLARS ($33,000,000.00)6
Grant or incentive$500,000.00FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00)7
Jobs committedforty-five (45) Full-Time Equivalent Employment PositionsYear 3. Continuously during the third (3") full calendar year, at least (i) forty-five (45) Full-Time Equivalent Employment Positions6
Wage requirementNot stated in the agreement—
Square footage100,000 square-footan approximately 100,000 square-foot building1
Acreage11.852 acrescontaining 11.852 acres (516,276 square feet) of land, more or less.16
Performance deadlineTWENTY-FOUR (24) MONTHS following the Effective DateCompletion Deadline. The Company shall, subject to any applicable Force Majeure Events, cause the Substantial Completion of the Project within TWENTY-FOUR (24) MONTHS following the Effective Date5
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryConnie D RockwellConnie D Rockwell NOTARY PUBLIC Cobb County, GEORGIA14
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 0013642 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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