The Abatement RegisterHaysAgreement 0004712
Texas Chapter 380 / 381 agreement · Hays

Humpty Dumpty SSM, Ltd.

Agreement 0004712, filed with the Texas Comptroller by Hays County.

$14,000,000.00committed capital investment
December 31, 2028performance deadline
The obligation

What the contract requires.

“If, on the other hand, the Owner requests its first Grant Payment in 2019 (based on revenues generated in 2018), the end of the Term would be December 31, 2028.”Executed agreement, p. 3
“the Owner intends to make additional capital investment of at least $14,000,000.00”Executed agreement, p. 1
The remedy

Future payments stop.

“If such non-compliance is not cured within 90 days after the Owner’s receipt of such notice or, if non-compliance is not reasonably susceptible to cure within 90 days and a cure is not begun within such 90-day period and, thereafter, continuously and diligently pursued to completion on a schedule approved by the County (in either event, a “Cure”), then the County may, at its sole discretion and option, terminate this”Executed agreement, p. 6

This clause stops money not yet paid. It does not require what has already been received to be returned.

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 · Additional Property Taxes · p. 4

What was abated, and for how long.

100Year 1
90Year 1
100Year 2
90Year 2
80Year 3
80Year 3
80Year 4
80Year 4
60Year 5
60Year 5
60Year 6
60Year 6
40Year 7
40Year 7

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 bodyHays Countythis Chapter 381 Economic Development Incentive Agreement is entered into between the Hays County, a political subdivision of the State of Texas (the “County”), and Humpty Dumpty SSM, Ltd. (the “Owner”).1
Contracting entityHumpty Dumpty SSM, Ltd.this Chapter 381 Economic Development Incentive Agreement is entered into between the Hays County, a political subdivision of the State of Texas (the “County”), and Humpty Dumpty SSM, Ltd. (the “Owner”).1
Parent / guarantorEndeavor Real Estate GroupThe Owner, or an affiliate that is wholly owned or controlled by Endeavor Real Estate Group, shall make a capital investment for redevelopment of the Site14
InstrumentChapter 381 Economic Development Incentive Agreementthis Chapter 381 Economic Development Incentive Agreement is entered into between the Hays County1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT As of July 21, 2015 (the “Effective Date”) this Chapter 381 Economic Development Incentive Agreement is entered into between the Hays County, a political subdivision of the State of Texas (the “County”), and Humpty Dumpty SSM, Ltd.—
Capital investment$14,000,000.00the Owner intends to make additional capital investment of at least $14,000,000.001
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage0.955 acrecontaining 0.955 acre-of land.12
Performance deadlineDecember 31, 2028If, on the other hand, the Owner requests its first Grant Payment in 2019 (based on revenues generated in 2018), the end of the Term would be December 31, 2028.3
ExpirationDecember 31, 2028If, on the other hand, the Owner requests its first Grant Payment in 2019 (based on revenues generated in 2018), the end of the Term would be December 31, 2028.3
Effective dateJuly 21, 2015As of July 21, 2015 (the “Effective Date”)1
SignatoryJeffrey S. NewbergName: Jeffrey S. Newberg21
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 12
049385
How to check this page

Every line above is in the contract.

Agreement 0004712 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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