CBRE, Inc.

Agreement 0003038, filed with the Texas Comptroller by Dallas County.

50%of Real Property and Business Personal Property abated

January 1, 2028performance deadline

The obligation

What the contract requires.

“the creation of 120 Full-Time Permanent Positions (as hereinafter defined) and/or Full- Time Equivalent Permanent Positions (as hereinafter defined) to be located on or related to the Property, such creation of employment opportunities being more particularly described in the Job Creation Requirement (defined below), by January 1, 2025 with this number increasing to 250 by January 1, 2028”Executed agreement, p. 6

The repayment remedy

What happens if it is not met.

“Upon the occurrence of a conviction of a violation of Section VI(1)(v) set forth above, all taxes which otherwise would have been paid to the County without the benefit of the Tax Abatement by Owner and/or Tenant, as applicable (depending on which party is convicted of the violation), including interest and penalties thereon (“Recapture Liability’), will become a debt to the County”Executed agreement, p. 12

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 · Real Property and Business Personal Property · p. 1

What was abated, and for how long.

50%1

50%2

50%3

50%4

50%5

50%6

50%7

50%8

50%9

50%10

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.

Field	Value & quoted source	Page
Granting body	Dallas CountyDallas County, Texas a political day of of the State of Texas, duly acting by and through its Commissioners Court	4
Contracting entity	CBRE, Inc.CBRE, Inc., a Delaware corporation (“Tenant’),	4
Parent / guarantor	2401 McKinney, LLC2401 McKinney, LLC, a Delaware limited liability company, doing business in the County as 2401 McKinney Venture, LLC (“Owner’),	4
Instrument	Tax Abatement AgreementThis Tax Abatement Agreement (“Agreement’) is made and entered into	4
Governing chapter	Chapter 312, Tax Code, and Chapter 381, Local Government CodeWITNESSETH: WHEREAS, the County has adopted a Tax Abatement Policy (“Policy’), by the passage of Dallas County Commissioners Court Order 2022-0126 on the 1st day of February, 2022 that contains the guidelines and criteria used to determine the provision of tax abatement assistance from the County under Chapter 312 of the Texas Tax Code and Chapter 381 of the Texas Local Government Code;	—
Capital investment	Not stated in the agreement	—
Grant or incentive	Not stated in the agreement	—
Jobs committed	250 the quoted sentence states no obligationthe creation of 120 Full-Time Permanent Positions (as hereinafter defined) and/or Full- Time Equivalent Permanent Positions (as hereinafter defined) to be located on or related to the Property, such creation of employment opportunities being more particularly described in the Job Creation Requirement (defined below), by January 1, 2025 with this number increasing to 250 by January 1, 2028	6
Wage requirement	$88,000the average annual salary of these 120 positions counted for purposes of the Initial Job Creation Requirement, including all bonuses, being at least Eighty-Eight Thousand Dollars ($88,000) by January 1, 2025	6
Square footage	Not stated in the agreement	—
Acreage	2.256 acresBEING a 2.256 acre (98,274 square foot) tract of land situated in the John Grigsby Survey, Abstract Number 495, City of Dallas, Dallas County, Texas	22
Performance deadline	January 1, 2028the creation of 120 Full-Time Permanent Positions (as hereinafter defined) and/or Full- Time Equivalent Permanent Positions (as hereinafter defined) to be located on or related to the Property, such creation of employment opportunities being more particularly described in the Job Creation Requirement (defined below), by January 1, 2025 with this number increasing to 250 by January 1, 2028	6
Expiration	nullThe Tax Abatement Periods will jointly begin no later than January 1, 2025. The Owner Parties and the County shall have no further obligations under this Agreement upon expiration of the Tax Abatement Periods, except as otherwise provided herein.	10
Effective date	02/01/2022Date:__ 02/01/2022	20
Signatory	Peter Van EmburghName:_ Peter Van Emburgh	20
Chain status	Terminal 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 0003038 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.

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