The Abatement RegisterEl PasoAgreement 0005315
Texas Chapter 380 / 381 agreement · El Paso

EPT MESA DEVELOPMENT L.P., EPT MONTECILLO DEVELOPMENT WEST, L.P., EPT MONTECILLO DEVELOPMENT EAST, L.P.

Agreement 0005315, filed with the Texas Comptroller by COUNTY OF EL PASO, TEXAS.

$12,230,000.00committed capital investment
$12,230,000.00grant or incentive
50%of ad valorem real property tax increment revenue abated
July 1, 2014performance deadline
The obligation

What the contract requires.

“The Grant Period shall begin with the filing of the first Grant Submittal Package, which must occur no later July 1, 2014.”Executed agreement, p. 3
“Qualified Expenditures of not less than Twelve Million Two Hundred Thirty Thousand and No/100 Dollars ($12,230,000.00)”Executed agreement, p. 4
The repayment remedy

What happens if it is not met.

“the County reserves the right to recapture any and all previously awarded Grant payments”Executed agreement, p. 9

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 real property tax increment revenue · p. 5

What was abated, and for how long.

50%20 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.

FieldValue & quoted sourcePage
Granting bodyCOUNTY OF EL PASO, TEXASCOUNTY OF EL PASO, TEXAS ("County")1
Contracting entityEPT MESA DEVELOPMENT L.P., EPT MONTECILLO DEVELOPMENT WEST, L.P., EPT MONTECILLO DEVELOPMENT EAST, L.P.EPT MESA DEVELOPMENT L.P., a Delaware Limited Partnership, EPT MONTECILLO DEVELOPMENT WEST, L.P., Texas Limited Partnership, and EPT MONTECILLO DEVELOPMENT EAST, L.P., a Texas Limited Partnership (collectively, “Applicant”)1
Parent / guarantorEPT Land Communities, L.P.all c/o EPT Land Communities, L.P.13
InstrumentChapter 381 Economic Development Program AgreementChapter 381 Economic Development Program Agreement1
Governing chapterChapter 380/381, Local Government Codemittal of a Grant Submittal Package, Applicant will submit to the City of El Paso, as contract administrator for the County, documentation as may be reasonably necessary to verify the expenditure to date of the Qualified Expenditures identified in Exhibit “C”, which have not otherwise been verified as part of a prior submittal to the County under this Agreement or to the City of El Paso under its —
Capital investment$12,230,000.00Qualified Expenditures of not less than Twelve Million Two Hundred Thirty Thousand and No/100 Dollars ($12,230,000.00)4
Grant or incentive$12,230,000.00the maximum aggregate amount of Twelve Million Two Hundred Thirty Thousand and No/100 Dollars ($12,230,000.00)4
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage292.0754 acresapproximately 292.0754 acres of real property3
Performance deadlineJuly 1, 2014The Grant Period shall begin with the filing of the first Grant Submittal Package, which must occur no later July 1, 2014.3
ExpirationNot stated in the agreement—
Effective dateSeptember 19, 2011effective on the 19" day of September, 201114
SignatoryRichard AguilarRichard Aguilar, Manager15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 1

multi-family and single-family detached housing, active senior living, mixed use commercial, parks, open space, and components of a mass transit system

How to check this page

Every line above is in the contract.

Agreement 0005315 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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