The Abatement RegisterHopkinsAgreement 0014028
Texas Chapter 380 / 381 agreement · Hopkins

JBW HOLDINGS LLC.

Agreement 0014028, filed with the Texas Comptroller by HOPKINS COUNTY, TEXAS.

$4,000,000.00committed capital investment
20permanent jobs committed
100%of County Ad Valorem Taxes abated
December 31, 2022performance deadline
The obligation

What the contract requires.

“Developer covenants and agrees to complete construction of the Improvements to the Property by December 31, 2022”Executed agreement, p. 4
“Developer agrees to create twenty (20) new Full-Time Employment Positions”Executed agreement, p. 1
“capital investment of not less than Four Million and No/100 Dollars ($4,000,000.00)”Executed agreement, p. 1
The remedy

What the contract says happens.

“the aggregate total of all financial assistance provided by the County to Developer pursuant to Section 5 of this Agreement, shall become immediately due and payable”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 · County Ad Valorem Taxes · p. 6

What was abated, and for how long.

100%2022
100%2023
100%2024
100%2025
100%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 bodyHOPKINS COUNTY, TEXASHOPKINS COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”)1
Contracting entityJBW HOLDINGS LLC.JBW HOLDINGS LLC. (hereinafter referred to as the “Developer”)1
Parent / guarantorNot stated in the agreement—
InstrumentProgram GrantProgram Grant or Program Grant Payment3
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> EXHIBIT i \\ HOPKINS COUNTY CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the “Agreement’’) is made and entered into by and between HOPKINS COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”), and JBW HOLDINGS LLC.—
Capital investment$4,000,000.00capital investment of not less than Four Million and No/100 Dollars ($4,000,000.00)1
Grant or incentiveNot stated in the agreement—
Jobs committedtwenty (20) new Full-Time Employment PositionsDeveloper agrees to create twenty (20) new Full-Time Employment Positions1
Wage requirementNot stated in the agreement—
Square footage40,000 square footconstruction of a minimum 40,000 square foot epoxy glue manufacturing facility3
Acreage12.24-acreapproximately |2.24-acre tract or tracts of land3
Performance deadlineDecember 31, 2022Developer covenants and agrees to complete construction of the Improvements to the Property by December 31, 20224
ExpirationDecember 31, 2026shall continue thereafter until December 31, 20262
Effective date8/30/2021Date Signed: 8/30/ 202111
SignatoryChip HansonChip Hanson, Chairman and CEO11
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 0014028 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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