BK Stringer, Ltd.

Agreement 0004895, filed with the Texas Comptroller by Washington County, Texas.

$10,000,000committed capital investment

$6,000,000grant or incentive

80–90%of Sales Tax Revenue abated

January 1, 2023performance deadline

The obligation

What the contract requires.

“if one hundred twenty five thousand (125,000) square feet of improvements in the Project are not completed and have received a Certificate of Occupancy from the City by January 1, 2023”Executed agreement, p. 7

“shall be at least ten million dollars ($10,000,000)”Executed agreement, p. 3

The remedy

What the contract says happens.

“the County shall have the right to suspend the Grant Payments specified in Article 5 herein above, pursuant to a notice (the “Suspension Notice”) delivered in accordance with Section 12.09 herein below, and thereafter to receive from BIC Stringer, as liquidated damages, a sum equal to (i) the amount of all Grant Payments paid to BK. Stringer”Executed agreement, p. 6

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 · Sales Tax Revenue · p. 5

What was abated, and for how long.

90%Years 1 through 5

90%Years 6 and 7

80%Following four (4) years

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	Washington County, TexasWASHINGTON COUNTY, TEXAS	1
Contracting entity	BK Stringer, Ltd.BK STRINGER, LTD.	1
Parent / guarantor	Reatta Building and Development Corp.Reatta Building and Development Corp., a Texas corporation	18
Instrument	Chapter 381 Economic Development AgreementCHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT	1
Governing chapter	Chapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN WASHINGTON COUNTY, TEXAS AND BK STRINGER, LLC CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN WASHNGTON COUNTY AND BK STRINGER.	—
Capital investment	$10,000,000shall be at least ten million dollars ($10,000,000)	3
Grant or incentive	$6,000,000maximum reimbursement amount of six million dollars ($6,000,000)	2
Jobs committed	Not stated in the agreement	—
Wage requirement	Not stated in the agreement	—
Square footage	200,000 square feetin excess of 200,000 square feet of quality anchored commercial retail improvements	1
Acreage	52 acreson approximately 52 acres of land	1
Performance deadline	January 1, 2023if one hundred twenty five thousand (125,000) square feet of improvements in the Project are not completed and have received a Certificate of Occupancy from the City by January 1, 2023	7
Expiration	December 31, 2034shall terminate on December 31, 2034	21
Effective date	March 19, 2019having an effective date of March 19, 2019	17
Signatory	Kenneth KatzName: Ke Ratz	11
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 0004895 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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