The Abatement RegisterAndersonAgreement 0004717
Texas Chapter 380 / 381 agreement · Anderson

New Urban Development Palestine, TX, LLC

Agreement 0004717, filed with the Texas Comptroller by Anderson County, Texas.

$2,234,000committed capital investment
$40,000.00grant or incentive
The obligation

What the contract requires.

“$2,234,000 in business personal property investments”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“Developer shall repay the full amount of any economic incentive payments that Developer has up to that time received from the County not later than one hundred twenty (120) days after receipt of the County’s demand for payment.”Executed agreement, p. 7

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.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyAnderson County, TexasThis Chapter 381 Economic Development Agreement, Performance and Reimbursement Agreement (the ““Agreement”) is made and entered into by and between Anderson County, Texas1
Contracting entityNew Urban Development Palestine, TX, LLCNew Urban Development Palestine, TX, LLC, a foreign limited liability company duly registered to transact business in the state of Texas (“Developer”).1
Parent / guarantorNew Urban Development Corporation LLCNew Urban Development Corporation LLC17
InstrumentChapter 381 incentive grantDeveloper Infrastructure Reimbursement Grant” means the amount of Developer Infrastructure Expenses the County reimburses to the Developer in the form of a Chapter 381 incentive grant.3
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT, PERFORMANCE, AND REIMBURSEMENT AGREEMENT mE FILED FOR RECORD at , ANDERSON COUNTY, TEXAS, ———_ 0 clock __M.—
Capital investment$2,234,000$2,234,000 in business personal property investments5
Grant or incentive$40,000.00The maximum amount of the Economic Development Funds available from the County under this Agreement is Forty Thousand Dollars and NO/100s ($40,000.00).5
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective dateAug 10, 2020Date: Aug 40,202013
SignatoryJohn H. McCleskey Jr.By\~ Nabe shen McCleskey, Jr. Q)13
Chain statusTerminal 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 0004717 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.

[email protected]