The Abatement RegisterMedinaAgreement 0013776
Texas Chapter 380 / 381 agreement · Medina

Microsoft Corporation

Agreement 0013776, filed with the Texas Comptroller by Medina County, Texas.

$400,000,000committed capital investment
20permanent jobs committed
80%of County revenues derived from its levy of County Taxes on the Assessed Property abated
December 31, 2027performance deadline
The obligation

What the contract requires.

“By December 31, 2027, and each January 1 thereafter for the duration of the Term, deliver to the County Auditor written certification of the creation and maintenance of at least 20 full-time equivalent employment opportunities”Executed agreement, p. 4
“creation and maintenance of at least 20 full-time equivalent employment opportunities attributable to the Project”Executed agreement, p. 4
“Invest, minimally, $400,000,000 in the real and personal property that comprise the Project”Executed agreement, p. 4
The remedy

What the contract says happens.

“If either Party defaults in its obligations under this Agreement, the other Party must, prior to exercising a remedy available to that Party due to the default, give written notice to the defaulting Party, specifying the nature of the alleged default and the manner in which it can be satisfactorily cured, and extend to the defaulting Party at least thirty (30) calendar days from receipt of the notice to cure the defa”Executed agreement, p. 6

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 · County revenues derived from its levy of County Taxes on the Assessed Property · p. 3

What was abated, and for how long.

80%annual

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 bodyMedina County, TexasThis Agreement (this Agreement) is entered into by and between Medina County, Texas, a political subdivision of the State of Texas (the County), and Microsoft Corporation (the Company)1
Contracting entityMicrosoft CorporationThis Agreement (this Agreement) is entered into by and between Medina County, Texas, a political subdivision of the State of Texas (the County), and Microsoft Corporation (the Company)1
Parent / guarantorNot stated in the agreement—
InstrumentIncentivessubject to receipt of financial incentives from the County as herein described (as further described and defined herein, the Jncentives)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 AGREEMENT BETWEEN MEDINA COUNTY, TEXAS AND MICROSOFT CORPORATION This Agreement (this Agreement) is entered into by and between Medina County, Texas, a political subdivision of the State of Texas (the County), and Microsoft Corporation (the Company), pursuant to the Constitution and general laws of the State of Texas including (particularly) Article III, Section 52-a of th—
Capital investment$400,000,000Invest, minimally, $400,000,000 in the real and personal property that comprise the Project4
Grant or incentiveNot stated in the agreement—
Jobs committed20creation and maintenance of at least 20 full-time equivalent employment opportunities attributable to the Project4
Wage requirement$50,000Minimum Salary means an annual salary of $50,000, adjusted annually on December 31 of each year during the Term3
Square footageNot stated in the agreement—
Acreage206.18DESCRIPTION OF 206.18 ACRES OF LAND IN THE JUANA DELGADO SURVEY NO. 37 1/2 ABSTRACT 30515
Performance deadlineDecember 31, 2027By December 31, 2027, and each January 1 thereafter for the duration of the Term, deliver to the County Auditor written certification of the creation and maintenance of at least 20 full-time equivalent employment opportunities4
ExpirationDecember 31, 2038Termination Date means December 31, 2038.3
Effective dateNot stated in the agreement—
SignatoryTami BaddeleyThe foregoing instrument was acknowledged before me this prac 13 th , 2021, by Cpe as ovble naleru YN14
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 0013776 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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