The Abatement RegisterGeorgetownAgreement 0014155
Texas Chapter 380 / 381 agreement · Georgetown

Hunt Electric Corporation, dba Baer Manufacturing

Agreement 0014155, filed with the Texas Comptroller by Georgetown Economic Development Corporation.

$35,000,000committed capital investment
August 1, 2027performance deadline
The obligation

What the contract requires.

“Completion of Construction of the tenant finish out to the Building and Infrastructure to occur on or before August 1, 2027.”Executed agreement, p. 5
“Maximum Employment Grant Amount in the amount of Four Hundred Fifty Thousand and No/100 Dollars ($450,000.00), or a maximum of two hundred twenty-five (225) Employment Positions.”Executed agreement, p. 4
“The Capital Investment shall be at least Thirty-Five Million and No/100 Dollars ($35,000,000) as of the Commencement Date.”Executed agreement, p. 9
The repayment remedy

What happens if it is not met.

“Company shall repay to GEDCO any installment of the Employment Grant for each Employment Position not maintained for seven (7) years within sixty (60) days after written demand from GEDCO.”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 · Infrastructure Grant

What was abated, and for how long.

—First Installment
—Second Installment

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 bodyGeorgetown Economic Development CorporationGeorgetown Economic Development Corporation, a Type A sales tax corporation ("GEDCO")1
Contracting entityHunt Electric Corporation, dba Baer ManufacturingHunt Electric Corporation, a Minnesota corporation, doing business as Baer Manufacturing ("Company")1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement ("Amended and Restated Agreement")1
Governing chapterNot stated in the agreement—
Capital investment$35,000,000The Capital Investment shall be at least Thirty-Five Million and No/100 Dollars ($35,000,000) as of the Commencement Date.9
Grant or incentiveNot stated in the agreement—
Jobs committed225 the quoted sentence states no obligationMaximum Employment Grant Amount in the amount of Four Hundred Fifty Thousand and No/100 Dollars ($450,000.00), or a maximum of two hundred twenty-five (225) Employment Positions.4
Wage requirement$60,000.00Employment Position(s) shall mean FTE Position Primary Jobs eligible for employee benefits with an annual average salary including benefits of at least Sixty Thousand and No/100 Dollars ($60,000.00)3
Square footage619,000Premises shall mean the lease of the Building to be constructed on the Land containing approximately 619,000 square feet of manufacturing space5
Acreage107.295Being 107.295 acres of land situated in the William Roberts Survey, Abstract Number 524, Williamson County, Texas15
Performance deadlineAugust 1, 2027Completion of Construction of the tenant finish out to the Building and Infrastructure to occur on or before August 1, 2027.5
ExpirationNot stated in the agreement—
Effective dateFebruary 5, 2026EXECUTED on this 5th day of February, 2026.13
SignatoryJohyA AxelsonJohyA Axelson, Chief Executive Officer13
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 0014155 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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