The Abatement RegisterSan AntonioAgreement 0014564
Texas Chapter 380 / 381 agreement · San Antonio

TOYOTA MOTOR MANUFACTURING, TEXAS, INC.

Agreement 0014564, filed with the Texas Comptroller by City of San Antonio.

$2,000,000,000.00committed capital investment
$9,500,000.00grant or incentive
100%of ad valorem taxes on real and personal property improvements abated
December 31, 2031performance deadline
The obligation

What the contract requires.

“Grantee shall invest, or cause to be invested, at least TWO BILLION DOLLARS AND NO/CENTS ($2,000,000,000.00) ("Required Capital Investment") in real and personal property improvements ("Property Improvements") at the Project Site on or prior to December 31, 2031.”Executed agreement, p. 8
“the creation of 2,000 full-time jobs paying at or above the County Average Annual Wage”Executed agreement, p. 1
“Grantee shall invest, or cause to be invested, at least TWO BILLION DOLLARS AND NO/CENTS ($2,000,000,000.00) ("Required Capital Investment") in real and personal property improvements”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“Upon termination, the Grantor shall have the right to recapture from Grantee all EDIF Funds previously disbursed to Grantee pursuant to this Agreement.”Executed agreement, p. 11

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 taxes on real and personal property improvements · p. 1

What was abated, and for how long.

100%10 years

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 San AntonioCITY OF SAN ANTONIO, a Texas municipal corporation (hereinafter referred to as the "Grantor" or the City”)6
Contracting entityTOYOTA MOTOR MANUFACTURING, TEXAS, INC.TOYOTA MOTOR MANUFACTURING, TEXAS, INC. (hereinafter referred to as "Grantee")6
Parent / guarantorToyota Motor North America, Inc.Toyota Motor North America, Inc. Attention: Michael Eurich, Managing Counsel24
InstrumentTax Abatement AgreementAUTHORIZING AND APPROVING THE TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT1
Governing chapterChapter 380, Local Government CodeA CHAPTER 380 ECONOMIC DEVELOPMENT GRANT AGREEMENT FOR $9,000,000 FOR READY TO WORK PROGRAM FUNDING AND $500,000 CITY FEE WAIVERS;—
Capital investment$2,000,000,000.00Grantee shall invest, or cause to be invested, at least TWO BILLION DOLLARS AND NO/CENTS ($2,000,000,000.00) ("Required Capital Investment") in real and personal property improvements8
Grant or incentive$9,500,000.00Chapter 380 Economic Development Incentive Fund (EDIF) Grant Agreement with TMMTX in an amount not to exceed $9,500,000.002
Jobs committed2,000 recital language, not a covenantthe creation of 2,000 full-time jobs paying at or above the County Average Annual Wage1
Wage requirementCounty Average Annual Wagethe creation of 2,000 full-time jobs paying at or above the County Average Annual Wage1
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2031Grantee shall invest, or cause to be invested, at least TWO BILLION DOLLARS AND NO/CENTS ($2,000,000,000.00) ("Required Capital Investment") in real and personal property improvements ("Property Improvements") at the Project Site on or prior to December 31, 2031.8
ExpirationNot stated in the agreement—
Effective date06/18/202606/18/20261
SignatoryFrank VossFrank Voss27
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 28
9562
How to check this page

Every line above is in the contract.

Agreement 0014564 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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