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Copy of the agreement
Previous Agreement Number:
Officer Title: Director of Economic & Community Development
Phone Number: 830-221-4621
Email: jjewell@newbraunfels.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.
New Braunfels
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: 0010891
Type of agreement: New
Record filed: 03/05/2025 09:25
Address of Local Government
Address
550 Landa Street
New Braunfels, TX 78130
Contact information for officer/other person representing the local government
Robert Camareno
City Manager
830-221-4280
NBCitySecretary@newbraunfels.gov
Entity Information
Entity Name: Costco Wholesale Corporation
Assumed Name of the Entity:
Business Address of Entity: 999 Lake Drive - Issaquah, WA 98027
Entity Contact Phone Number: 4254277084
Entity Contact Email: wbockman@costco.com
Agreement Information
Effective Date of Agreement: 02/20/2025
Expiration Date of Agreement: 02/20/2033
Counties that the agreement affects: Comal
Total Monetary Value of Agreement: 1500000.00
Terms on Which Agreement Expires: The sooner of the following (a) 2/20/2033; or (b) payment of the $1,500,000 to Company, unless terminated before
Source of Money Used or Type of Tax Implicated By the Agreement: City Sales Taxes
Agreement Information
Agreement Number: 0010891
Purpose of Agreement
Costco Obligations: Complete construction of Costco Facility; Capital Investment of at least $25M; a Certificate of Occupancy; Open for at least 1 day; Comply with all terms and conditions of agreement City Obligations: Annual payments equal to 50% of sales tax revenue for previous calendar year; Comply with all terms and conditions of agreement
Copy of the agreement
Previous Agreement Number:
Contact information for person submitting agreement to database
Officer Name: Jeff JewellOfficer Title: Director of Economic & Community Development
Phone Number: 830-221-4621
Email: jjewell@newbraunfels.gov