The Abatement RegisterBexarAgreement 0004670
Texas Chapter 380 / 381 agreement · Bexar

SJS Redevelopment, LLP

Agreement 0004670, filed with the Texas Comptroller by Bexar County.

$20,162,490.00committed capital investment
$295,633grant or incentive
50%of Ad Valorem Taxes over and above the Base Year Value abated
June 30, 2018performance deadline
The obligation

What the contract requires.

“substantially complete on or before June 30, 2018”Executed agreement, p. 11
“TWENTY MILLION, ONE-HUNDRED SIXTY-TWO THOUSAND AND FOUR HUNDRED AND NINTEY DOLLARS ($20,162,490.00)”Executed agreement, p. 11
The repayment remedy

What happens if it is not met.

“DEVELOPER agrees to repay the COUNTY a specified percentage of the value of all Economic Development Grants then paid”Executed agreement, p. 13

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 · Ad Valorem Taxes over and above the Base Year Value · p. 1

What was abated, and for how long.

50%2020

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 bodyBexar CountyBexar County4
Contracting entitySJS Redevelopment, LLPSJS Redevelopment, LLP1
Parent / guarantorMission DG, Ltd.Mission DG, Ltd, the General Partner of the Partnership35
Instrument381 Grant Agreement381 Grant Agreement with SJS Redevelopment, LLP1
Governing chapterChapter 381, Local Government CodeThe COUNTY and DEVELOPER may be collectively referenced herein as the “Parties” or individually as a “Party.” WITNESSETH: WHEREAS, pursuant to the authority granted under Article 3, Section 52-a of the Texas Constitution, the Texas Legislature has determined through Section 381.004(b)(1) and (3) of the Texas Local Government Code (“Code”) that a public purpose is served by a county stimulating bus—
Capital investment$20,162,490.00TWENTY MILLION, ONE-HUNDRED SIXTY-TWO THOUSAND AND FOUR HUNDRED AND NINTEY DOLLARS ($20,162,490.00)11
Grant or incentive$295,633a total estimated value of $295,6331
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage12.493 ACRESBEING 12.493 ACRES OF LAND OUT OF NEW CITY BLOCK 397520
Performance deadlineJune 30, 2018substantially complete on or before June 30, 201811
ExpirationDecember 31, 2034continue through December 31, 20349
Effective dateJanuary 24, 2017January 24, 20171
SignatoryMichael WibrachtWibracht, Michael San Antonio, TX United States X5
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 26
03975
How to check this page

Every line above is in the contract.

Agreement 0004670 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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