The Abatement RegisterHopkinsAgreement 0014031
Texas Chapter 380 / 381 agreement · Hopkins

BT Solterra Solar, LLC

Agreement 0014031, filed with the Texas Comptroller by Hopkins County, Texas.

$140,000,000.00committed capital investment
1permanent jobs committed
100%of County ad valorem taxes abated
December 31, 2025performance deadline
The obligation

What the contract requires.

“Developer covenants and agrees to complete construction of the Project by December 31, 2025.”Executed agreement, p. 4
“Developer agrees to create one (1) new Full-Time Equivalent Employment Positions”Executed agreement, p. 1
“and a target of One hundred forty million dollars ($140,000,000.00) towards the Project”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“In the event Developer defaults and is unable or unwilling to cure said default within the prescribed time period, 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 by Developer to the County.”Executed agreement, p. 8

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%Tax Year 1
100%Tax Year 2
100%Tax Year 3
100%Tax Year 4
100%Tax Year 5
100%Tax Year 6
100%Tax Year 7
100%Tax Year 8
100%Tax Year 9
100%Tax Year 10

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 entityBT Solterra Solar, LLCBT SOLTERRA SOLAR, LLC a Delaware Limited Liability Company (hereinafter referred to as the "Developer")1
Parent / guarantorTP Alternative Capital LLC dba Theatine Partnersc/o TP Alternative Capital LLC dba Theatine Partners, 15 East Putnam Avenue, Suite 406, Greenwich, CT 06830.3
InstrumentProgram GrantProgram Grant or Program Grant Payment. The words "Program Grant" or "Program Grant Payment" mean the economic development grants paid by the County to Developer3
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> EXHIBIT AMENDED AND RESTATED HOPKINS COUNTY : CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEM May 8, 2023 This AMENDED AND RESTATED 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 BT SOLTERRA SOL—
Capital investment$140,000,000.00and a target of One hundred forty million dollars ($140,000,000.00) towards the Project1
Grant or incentiveNot stated in the agreement—
Jobs committed1Developer agrees to create one (1) new Full-Time Equivalent Employment Positions1
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage1,354Property. The word "Property" means the approximately 1,354 acre tract or tracts of land in Hopkins County, Texas3
Performance deadlineDecember 31, 2025Developer covenants and agrees to complete construction of the Project by December 31, 2025.4
ExpirationDecember 31, 2035shall continue thereafter until December 31, 2035, unless terminated sooner under the provisions hereof.2
Effective dateJanuary 10, 2022Effective Date. The words "Effective Date" mean January 10, 2022.3
SignatoryRichard J ShinderName: Richard J Shinder12
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 16

Solar Modules and Panels, Inverter Boxes, Meteorological Equipment, Operation and Maintenance Building, Electrical Substations, Associated Towers, Storage Systems, Racking and Mounting Structures, Combiner Boxes, Foundations, Roadways, Paving and Fencing, Generation Transmission Tie Line, Interconnection Facilities, Power Conditioning Equipment

Parcels · p. 14
R28485 · R1026 · R21748 · R21751 · R22145 · R14237 · R12124 · R113145 · R13146 · R13143 · R13144 · R16032 · R13142 · R15175 · R9811
How to check this page

Every line above is in the contract.

Agreement 0014031 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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