Agreement 0005364, filed with the Texas Comptroller by COUNTY OF EL PASO, TEXAS.
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 PASO, TEXASCOUNTY OF EL PASO, TEXAS ("COUNTY") | 1 |
| Contracting entity | MILLS PLAZA PROPERTIES II LPMILLS PLAZA PROPERTIES II LP, a Texas limited partnership ("COMPANY") | 1 |
| Parent / guarantor | FML Acquisition GP LLCBy: FML Acquisition GP LLC | 20 |
| Instrument | Chapter 381 Economic Development Program AgreementThis Chapter 381 Economic Development Program Agreement ("Agreement") | 1 |
| Governing chapter | Chapter 381, Local Government Code<<<PAGE 1>>> Doct 20190000633 STATE OF TEXAS ) ) CHAPTER 381 ECONOMIC DEVELOPMENT COUNTY OF EL PASO _ ) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between the COUNTY OF EL PASO, TEXAS (“COUNTY”), a political subdivision of the State of Texas and MILLS PLAZA PROPERTIES II LP, a Texas limited partnership (“COMPANY”), author | — |
| Capital investment | $53,542,307.00Minimum Investment: Means costs incurred collectively by COMPANY or any Affiliate, including but not limited to COMPANY, in the renovation, construction, or furnishing, of the Improvements for the Hotel and/or Parking Structure in an amount not less than Fifty-Three Million, Five Hundred Forty-Two Thousand, Three Hundred Seven Dollars and no/100ths ($53,542,307.00) | 5 |
| Grant or incentive | $899,700.05the collective Property Tax Rebate for the Hotel and Parking Structure shall be a total of Eight Hundred Ninety-Nine Thousand, Seven Hundred Dollars and 05/100ths ($899,700.05) | 3 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 146,390 square feetProperties. Means approximately 146,390 square feet of real property located at 102 Mills Avenue; El Paso, Texas 79901 | 5 |
| Acreage | Not stated in the agreement | — |
| Performance deadline | 3 years from the Hotel Commencement Datebe open for business to the general public within three (3) years from the Hotel Commencement Date | 7 |
| Expiration | 18 years from the Effective DateTerm of the Agreement. Means the earlier of: 1) up to 18 years from the Effective Date of this Agreement | 6 |
| Effective date | 2018executed this Agreement on the respective dates set forth below, to be effective as of the Effective Date. | 19 |
| Signatory | William KellWilliam Kell | 20 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0005364 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.