The Abatement RegisterPlanoAgreement 0013974
Texas Chapter 380 / 381 agreement · Plano

Sysgration America Corporation

Agreement 0013974, filed with the Texas Comptroller by City of Plano, Texas.

$16,000,000.00committed capital investment
$2,403,975.00grant or incentive
152permanent jobs committed
December 31, 2028performance deadline
The obligation

What the contract requires.

“By December 31, 2028, create or transfer at least 124 Full-Time Job Equivalents”Executed agreement, p. 3
“Company agrees to transfer or create and maintain up to 152 Full-Time Job Equivalents”Executed agreement, p. 1
“Company agrees to construct or cause to be constructed real property improvements that have a minimum value of $16,000,000.00 on the Real Property”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“If any Event of Default, excluding an Event of Default under Section 4.03(a)(5) and (a)(6), occurs after Grant funds have been paid to the Company by the City, then Company shall repay to the City all Grant funds paid to it within thirty (30) days of written notice of default from the City.”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

What was abated, and for how long.

—December 31, 2026

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 Plano, TexasThis Second Revised and Restated Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Plano, Texas (“City”), and Sysgration America Corporation, a Texas corporation (“Company”), acting by and through their respective authorized officers and representatives.1
Contracting entitySysgration America CorporationThis Second Revised and Restated Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Plano, Texas (“City”), and Sysgration America Corporation, a Texas corporation (“Company”), acting by and through their respective authorized officers and representatives.1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Second Revised and Restated Economic Development Incentive Agreement1
Governing chapterChapter 380, Local Government CodeGov’ T CODE §380.001 et seq.—
Capital investment$16,000,000.00Company agrees to construct or cause to be constructed real property improvements that have a minimum value of $16,000,000.00 on the Real Property1
Grant or incentive$2,403,975.00the City would provide Company with a grant of up to $2,403,975.002
Jobs committed152Company agrees to transfer or create and maintain up to 152 Full-Time Job Equivalents1
Wage requirementNot stated in the agreement—
Square footage98,000Occupy a minimum of 98,000 square feet of office space at the Real Property1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2028By December 31, 2028, create or transfer at least 124 Full-Time Job Equivalents3
ExpirationDecember 31, 2036The term of this Agreement shall begin on the Commencement Date and continue for ten (10) years thereafter, unless sooner terminated as provided herein (“Term”).3
Effective dateMarch 17, 2026Date: March 17, 202613
SignatoryMark I-Ren LeeName: Mark I-Ren Lee13
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 0013974 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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