Agreement 0002766, filed with the Texas Comptroller by City of Garland, Texas.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of Garland, TexasThis Economic Development Agreement (“Agreement”) is made by and between the City of Garland, Texas (“City”) | 1 |
| Contracting entity | The Stainback OrganizationThe Stainback Organization, a Texas corporation, (“Developer”) | 1 |
| Parent / guarantor | Wal-Mart Real Estate Business Trust or other Wal-Mart entityDeveloper proposes to purchase, or facilitate the purchase by Wal-Mart Real Estate Business Trust or other Wal-Mart entity (“Wal-Mart”) | 1 |
| Instrument | economic development granteconomic development grant to the Developer as set forth herein | 2 |
| Governing chapter | Chapter 380, Local Government Codeand 8566970v.4 <<<PAGE 2>>> Page 2 of 13 WHEREAS, the City is authorized by Article 52-a of the Texas Constitution and Chapter 380.001 of the Texas Local Government Code to provide a program for economic development grants to promote local economic development and to stimulate business and commercial activity in the City; | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | one million ($1,000,000.00) dollarsMaximum Grant Amount: The maximum amount of the Grant in the aggregate shall be one million ($1,000,000.00) dollars | 3 |
| Jobs committed | at least 25 employeesThe Grocery Stores shall employ at least 25 employees at the opening of business for each Grocery Store. | 4 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | at least 35,000 square feetThe Grocery Stores shall contain at least 35,000 square feet of floor area. | 4 |
| Acreage | 9.3 acre tractan approximate 9.3 acre tract of land which is located at the northwest corner of Garland Avenue and Miller Road | 1 |
| Performance deadline | June 1, 2016shall commence construction of both the Miller Road Development and the North First Street Development no later than June 1, 2016. | 2 |
| Expiration | Not stated in the agreement | — |
| Effective date | December, 2012Executed and effective as of a of December, 2012. | 9 |
| Signatory | Kent M. StainbackKent M. Stainback | 9 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0002766 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.
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.