The Abatement RegisterWallerAgreement 0013888
Texas Chapter 380 / 381 agreement · Waller

ADCW HOLDINGS, LLC

Agreement 0013888, filed with the Texas Comptroller by CITY OF WALLER, TEXAS.

$25,000,000committed capital investment
50–100%of ad valorem property taxes abated
December 31, 2027performance deadline
The obligation

What the contract requires.

“If Company fails to complete construction of the expansion by December 31, 2027 City may terminate this Agreement.”Executed agreement, p. 5
“Company will construct a building valued at $25,000,000 on said property”Executed agreement, p. 1
The remedy

The agreement terminates.

“Company shall be liable for and will pay to City, within thirty (30) days following termination, the amount of any and all funds which City has granted to Company under the terms of this Agreement.”Executed agreement, p. 6

This clause ends the agreement. It states no repayment of money already received.

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 · ad valorem property taxes · p. 4

What was abated, and for how long.

100%first Tax Year
80%second through fifth Tax Year
50%sixth through eighth Tax 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 WALLER, TEXASCITY OF WALLER, TEXAS, a General Law City and political subdivision of the State of Texas (the “City”)1
Contracting entityADCW HOLDINGS, LLCADCW HOLDINGS, LLC a Waller, Texas company licensed to do business in the State of Texas (the "Company")1
Parent / guarantorCore Works Heat ExchangesCore Works Heat Exchanges, a Texas limited liability company (“CoreWorks”) has or will enter in a lease agreement with the Company1
InstrumentECONOMIC DEVELOPMENT AGREEMENTECONOMIC DEVELOPMENT AGREEMENT1
Governing chapterChapter 380, Local Government Codeand WHEREAS, the City finds that establishment of a program, in accordance with Article Ill, §52a, Texas Constitution, and Chapter 380, Texas Local Government Code (“Chapter 380”), pursuant to which the City has the authority to make grants or loans of public funds for the public purposes of promoting local economic development and stimulating business and commercial activity, within the City, is —
Capital investment$25,000,000Company will construct a building valued at $25,000,000 on said property1
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage145,000heavy manufacturing facility with an attached office totaling approximately 145,000 square feet2
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2027If Company fails to complete construction of the expansion by December 31, 2027 City may terminate this Agreement.5
ExpirationNot stated in the agreement—
Effective dateJanuary 20, 2026entered into on this 20th day of January _, 2026, (Effective Date”)1
SignatoryZEL FZBy: ZEL FZ10
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 0013888 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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