Agreement 0005362, filed with the Texas Comptroller by COUNTY OF EL PASO.
This clause ends the agreement. It states no repayment of money already received.
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 | COUNTY OF EL PASOCOUNTY OF EL PASO, TEXAS ("hereinafter referred to as “COUNTY') | 1 |
| Contracting entity | SUMMIT 11 INVESTMENT GROUP, LLCSUMMIT 11 INVESTMENT GROUP, LLC, (hereinafter “SUMMIT 11”), a Texas limited liability company | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Property Tax RebateProperty Tax Rebate. The words “Property Tax Rebate” means one hundred percent (100%) rebate of the COUNTY’S portion of the incremental ad valorem property tax revenue | 3 |
| Governing chapter | Chapter 381, Local Government Code<<<PAGE 1>>> COUNTY OF EL PASO AND SUMMIT 11 INVESTMENT GROUP, LLC, CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (this "Agreement") is made and entered into by and between the COUNTY OF EL PASO, TEXAS ("hereinafter referred to as “COUNTY'), a political subdivision of the State of Texas, and SUMMIT 11 INVESTMENT GROUP, LLC, (hereinaf | — |
| Capital investment | $11,080,000.00SUMMIT 11 agrees that it shall make Qualified Expenditures of not less than Eleven Million Eighty Thousand and No/100 _ Dollars ($11,080,000.00). | 4 |
| Grant or incentive | $551,975.00Property Tax Rebate is only available on properties from which the COUNTY receives ad valorem taxes... or the amount of Five Hundred Fifty-One Thousand Nine Hundred Seventy-Five and No/100 Dollars ($551,975.00), whichever is less. | 3 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 7,5007,500 square feet of meeting and banquet space | 15 |
| Acreage | Not stated in the agreement | — |
| Performance deadline | twenty four (24) months from the effective dateSUMMIT 11 shall receive a certificate of occupancy, and be open for business to the general public within twenty four (24) months from the effective date of this Agreement. | 4 |
| Expiration | Not stated in the agreement | — |
| Effective date | November 4, 2013IN WITNESS WHEREOF, the parties have executed this Agreement on this 4"" day of November, 2013. | 13 |
| Signatory | Modhe kia NeuName: Modhe kia Neu | 13 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
One Hundred Fifteen (115) Rooms, Marriott, Hilton, Starwood, IHG Brand (Holiday Inn, Crowne Plaza, or Hotel Indigo), 7,500 square feet of meeting and banquet space, Ground level restaurant and bar, Rooftop Spa, Room Service, Swimming Pool, Fitness Facilities, Concierge, Other amenities common to Marriott, Hilton, or Starwood brands as well as Holiday Inn, Crowne Plaza, or Hotel Indigo
Agreement 0005362 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.