The Abatement RegisterAndersonAgreement 0002525
Texas Chapter 380 / 381 agreement · Anderson

The Overlook Lifestyle Apt Homes LLC

Agreement 0002525, filed with the Texas Comptroller by Anderson County, Texas.

$13,000,000.00committed capital investment
$100,000.00grant or incentive
The obligation

What the contract requires.

“the Company estimates that it will make an estimated capital investment of Thirteen Million Dollars and NO/100s ($13,000,000.00) to development and construct the Project”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“In the event the County determines that the Company breached its certifications in Section 3.2.1 or 3.2.2, then the Company shall repay the full amount of any economic incentive payments that the Company has up to that time received from the County not later than one hundred twenty (120) days after receipt of the County’s demand for payment.”Executed agreement, p. 8

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 · All ad valorem real property tax collected by the County on the Property · p. 7

What was abated, and for how long.

Up to $33,333.33Year 1
Up to $33,333.33Year 2
Up to $33,333.34Year 3

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 bodyAnderson County, TexasThis Chapter 381 Economic Development Agreement, Performance and Reimbursement Agreement, hereinafter referred to as the “Agreement,” is made and entered into by and between Anderson County, Texas (“County”)1
Contracting entityThe Overlook Lifestyle Apt Homes LLCTHE OVERLOOK LIFESTYLE APT HOMES LLC, A Texas Limited Liability Company,1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Agreement, Performance and Reimbursement AgreementThis Chapter 381 Economic Development Agreement, Performance and Reimbursement Agreement1
Governing chapterChapter 381, Local Government CodeJAN 25 2021 MARK STAPLES CHAPTER 381 ECONOMIC DEVELOPMENT, valid Clerk, AnpyPs" County, Texas PERFORMANCE, AND REIMBURSEMENT AGREEMENT BETWEEN ANDERSON COUNTY, TEXAS, AND THE OVERLOOK LIFESTYLE APT HOMES LLC, A Texas Limited Liability Company, STATE OF TEXAS § § COUNTY OF ANDERSON § This Chapter 381 Economic Development Agreement, Performance and Reimbursement Agreement, hereinafter referred to as—
Capital investment$13,000,000.00the Company estimates that it will make an estimated capital investment of Thirteen Million Dollars and NO/100s ($13,000,000.00) to development and construct the Project6
Grant or incentive$100,000.00The maximum value of the Economic Development Funds available from the County pursuant to this Agreement is One Hundred Thousand Dollars and NO/100s ($100,000.00).6
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage15.05-acresthe Company has or intends to acquire approximately 15.05-acres of land2
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryMarie C. FreemanMarie C. Freeman, Manager15
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 0002525 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.

[email protected]