Agreement 0005326, filed with the Texas Comptroller by Travis County.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | Travis CountyThis Economic Development Agreement ("Agreement") is entered into by and between Travis County, a political subdivision of Texas ("County"), and EGP Management, L.L.C., a Texas limited liability company ("Company"). | 1 |
| Contracting entity | EGP Management, L.L.C.This Economic Development Agreement ("Agreement") is entered into by and between Travis County, a political subdivision of Texas ("County"), and EGP Management, L.L.C., a Texas limited liability company ("Company"). | 1 |
| Parent / guarantor | Simon Property Group, Inc.County and EGP Management, L.L.C. ("EGP"), entered into an economic development agreement ("Agreement"), commencing on or about August 26, 2003 under which EGP agreed to develop as a mixed use project certain property located in Travis County, and County agreed to provide certain economic benefits to EGP. Pursuant to the terms of the Agreement, EGP assigned said Agreement to Company. | 38 |
| Instrument | Economic Development AgreementThis Economic Development Agreement ("Agreement") is entered into by and between Travis County, a political subdivision of Texas ("County"), and EGP Management, L.L.C., a Texas limited liability company ("Company"). | 1 |
| Governing chapter | Chapter 381, Local Government CodeRECITALS WHEREAS, Section 381.004 of the TEXAS LOCAL GOVERNMENT CODE authorizes counties to develop and administer community and economic development program(s) to stimulate business and commercial activity in a county. | — |
| Capital investment | $100,000,000Company shall complete development of the Project as described in this Agreement so that the value subject to Travis County Ad Valorem taxation at the Completion Date of the entire Project (including all phases in any Court approved phasing plan) equals at least $100,000,000 more than the Effective Year Value, as defined in Section 1.7. | 5 |
| Grant or incentive | $5,000,000County shall reimburse Company from Ad Valorem taxes paid by Company to County a total amount not to exceed the equivalent of Five Million Dollars ($5,000,000) calculated on a net present value basis when discounted at an annual rate of seven and one-half percent (7.5%) (hereinafter referred to as the "Maximum Payment Amount") as of the Effective Date of this Agreement. | 7 |
| Jobs committed | 1,100No later than twelve (12) months after the Completion Date of the Project (or the final phase of the Project, if the Project is completed in phases), a minimum of 1,100 permanent full-time equivalent jobs will be filled within the Project. | 5 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 500,000 to 670,000The Project will consist of approximately 500,000 to 670,000 square feet of development including some or all of the following uses: shopping, restaurants, entertainment, grocery, medical office, hotel and/or recreation space, a minimum of 300 affordable housing units (as defined herein), sidewalks in the retail-pedestrian areas (standard sidewalks along traffic thoroughfares where required), sign | 2 |
| Acreage | 42 to 55 acresWHEREAS, Company intends to develop as a mixed use project containing residential and non-residential uses approximately 42 to 55 acres of land out of an area more particularly described in Attachment B to this Agreement, and hereinafter referred to as “Property. | 1 |
| Performance deadline | December 31, 2011so that Company will have until December 31, 2011, to meet the initial job creation requirement of 1,100 permanent full-time equivalent ("FTE") jobs with the Project. | 40 |
| Expiration | Not stated in the agreement | — |
| Effective date | August 26, 2003County and EGP Management, L.L.C. ("EGP"), entered into an economic development agreement ("Agreement"), commencing on or about August 26, 2003 under which EGP agreed to develop as a mixed use project certain property located in Travis County, and County agreed to provide certain economic benefits to EGP. | 38 |
| Signatory | Richard S. SokolovTRAVIS COUNTY SIMON PROPERTY GROUP, INC. BY:_ 7. py, OkekaQn- Samuel T. Biscoe Printed Name: Richard S. Sokolov | 39 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0005326 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.
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.