The Abatement RegisterCelinaAgreement 0004481
Texas Chapter 380 / 381 agreement · Celina

B&B Property Group, LLC dba BB Property Group, LLC

Agreement 0004481, filed with the Texas Comptroller by City of Celina, Texas.

$ 1,000,000committed capital investment
$50,000.00grant or incentive
January 1, 2023performance deadline
The obligation

What the contract requires.

“Completion of Construction of the Facility to occur not later than January 1, 2023”Executed agreement, p. 4
“Developer represents that it will spend at least $ 1,000,000 on the construction of the Facility.”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“the Developer shall repay the CEDC grant herein and any other funds received by the Developer from the City and/or the CEDC”Executed agreement, p. 11

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 · $25,000.00

What was abated, and for how long.

—initial payment
—final payment

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 bodyCity of Celina, Texasthe City of Celina, Texas (the “City”), Celina Economic Development Corporation (the “CEDC”)1
Contracting entityB&B Property Group, LLC dba BB Property Group, LLCB&B Property Group, LLC dba BB Property Group, LLC (the “Developer”)1
Parent / guarantorDavid R. Rhodes & Kathryn L. BoydDavid R. Rhodes & Kathryn L. Boyd (the parent tract Owner)1
InstrumentEconomic Development Incentive AgreementECONOMIC DEVELOPMENT INCENTIVE AGREEMENT1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT CHAPTER 380— SERVPRO This Economic Development Incentive Agreement (“Agreement”) is made by and among the City of Celina, Texas (the “City”), Celina Economic Development Corporation (the “CEDC”), B&B Property Group, LLC dba BB Property Group, LLC (the “Developer”), and David R.—
Capital investment$ 1,000,000Developer represents that it will spend at least $ 1,000,000 on the construction of the Facility.5
Grant or incentive$50,000.00CEDC Grant” shall mean an economic development grant to defray a portion of the final verified costs to design and construct the Facility not to exceed fifty thousand and no/100 dollars ($50,000.00)3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage11,520 square footminimum 11,520 square foot facility1
Acreage7.836-acreapproximately 7.836-acre tract of land1
Performance deadlineJanuary 1, 2023Completion of Construction of the Facility to occur not later than January 1, 20234
ExpirationNot stated in the agreement—
Effective dateMarch 9, 2021EXECUTED on be effective the 9th day of March, 2Q21.10
SignatoryNot stated in the agreement—
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 1
982841
How to check this page

Every line above is in the contract.

Agreement 0004481 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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