Chapter 312 Abatement Reports

Abatement Basic Information

CAD Name: Bexar CAD
Lead Taxing Unit: San Antonio City
Reinvestment Zone Name: CYRUSONE Reinvestment Zone
Abatement Status: Expired
Property Owner Name(s): City of San Antonio & Cyrusone LLC
Employment Created: Y

Property Information

Property Type: Both
Business Activity: New Business
Business Type: Commercial/Industrial
Business Size: Medium
Physical Structure: New
New Construction: Y
Current Facility Renovation/Remodeling: No Response
Current Facility Retooling/Upgrading: No Response
Furniture/Fixture Purchase: No Response
New Machinery/Equipment Purchase: No Response

New Abatement Execution, Effective, and Expiration Dates

Abatement Execution Date: 2013-09-15
Abatement Effective Date: 2015-01-01
Abatement Expiration Date: 2020-12-31
Base Value: $3,103,390

Abatement Percent/Year Information

Taxing Unit Name: San Antonio City
Taxing Unit Type: Lead Taxing unit
Property Type: No Response
Property Account: Unknown

Percent of Value Abated:

• Year 1: 50%
• Year 2: 50%
• Year 3: 50%
• Year 4: 50%
• Year 5: 50%
• Year 6: 0%
• Year 7: 50%
• Year 8: 0%
• Year 9: 0%
• Year 10: 0%

Property Owner Information

Property Owner Name: City of San Antonio & Cyrusone LLC
Property Account: Unknown
NAICS: Not Reported
Taxpayer ID:: Not Reported
Length of Abatement Term: 6

Economic Impacts Information

Impact Years: 0
Number of New FTEs/Year: 15
Payroll Dollars Created: $0
Property Value Dollars Abated: $0

Additional Incentives Offered

Other Tax Incentives: No Response
Grants: No Response
Loans: No Response
Job Training Assistance: No Response
No Incentive Offered: No Response
Total Value of Incentives: No Response
Clawbacks: No Response

Modified Abatement Report

Executed Modification Date: Not Applicable
Effective Modification Date: Not Applicable
Reason for Modification: Not Applicable

Canceled Abatement Report

Executed Cancellation Date: Not Applicable
Effective Cancellation Date: Not Applicable
Reason for Cancellation: Not Applicable
Dollar Amount Given to Business: Not Applicable
ISD Name: Not Applicable
Taxing Unit Recapture: Not Applicable