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Copy of the agreement
Previous Agreement Number:
Officer Title: Budget Analyst
Phone Number: 512-529-0037
Email: ethan.sims@huttotx.gov
Comptroller’s Online Chapter 380-381 Economic Development Agreements Database
Note: For agreements that do not have a set expiration date, the expiration date will show as 12/31/2078. All information has been provided by local governments. Only agreements that are or were active as of Sept. 1, 2021, when HB 2404 went into effect or agreements that have been entered into, amended or renewed since then are required to be reported to the database.
Hutto
Chapter 380-381 economic development agreement information as reported to the Comptroller by this entity.
About This Local Government
Local government type: City
Local government code: 0008330
Type of agreement: New
Record filed: 01/23/2024 01:14
Address of Local Government
Address
500 W. Live Oak St.
Hutto, TX 78634
Contact information for officer/other person representing the local government
Christina Bishop
Controller
512-759-4002
Angela.Lewis@Huttotx.gov
Entity Information
Entity Name: A-S 64 CR 119-Hwy 79, L.P.
Assumed Name of the Entity:
Business Address of Entity: 8827 W. Sam Houston Pkwy. N. Suite 200 | Houston, Texas 77040
Entity Contact Phone Number: 2814774300
Entity Contact Email: jsears@newquest.com
Agreement Information
Effective Date of Agreement: 03/30/2023
Expiration Date of Agreement: 03/30/2038
Counties that the agreement affects:
Total Monetary Value of Agreement: 9000000.00
Terms on Which Agreement Expires: The earlier of (1) the EDPA grant limit being reached (according to the schedule on page 5-6 of agreement) and $5,000,000 in sales tax being reimbursed, or (2) when incentive period ends.
Source of Money Used or Type of Tax Implicated By the Agreement: Sales Tax Revenue/Economic Development Grant Funds
Agreement Information
Agreement Number: 0008330
Purpose of Agreement
Subject to NQ2 meeting the criteria outlined in the agreement, City has agreed to provide NQ2 with yearly economic development grant funds totaling $4,000,000 over 12 years and reimburse NQ2 a percentage of sales tax generated by their projects for a period of 12 years not exceeding $5,000,000.
Copy of the agreement
Previous Agreement Number:
Contact information for person submitting agreement to database
Officer Name: Ethan SimsOfficer Title: Budget Analyst
Phone Number: 512-529-0037
Email: ethan.sims@huttotx.gov