The Abatement RegisterPotterAgreement 0006107
Texas Chapter 380 / 381 agreement · Potter

CROSSROADS HOUSING DEVELOPMENT CORPORATION

Agreement 0006107, filed with the Texas Comptroller by POTTER COUNTY, TEXAS.

$24,000,000committed capital investment
$500,000grant or incentive
25–75%of $500,000 abated
December 31, 2024performance deadline
The obligation

What the contract requires.

“the Improvements will be completed and receive a Certificate of Occupancy no later than December 31, 2024”Executed agreement, p. 3
“a required minimum new investment of not less than $24,000,000 for construction of the improvements.”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Additionally, the Developer will immediately owe Potter County repayment of the previous Program Grant Payments made to the Developer, plus interest”Executed agreement, p. 5

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 · $500,000 · p. 4

What was abated, and for how long.

75%when construction begins
25%after a Certificate of Occupancy is issued

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 bodyPOTTER COUNTY, TEXASPOTTER COUNTY, TEXAS1
Contracting entityCROSSROADS HOUSING DEVELOPMENT CORPORATIONCROSSROADS HOUSING DEVELOPMENT CORPORATION1
Parent / guarantorNot stated in the agreement—
InstrumentProgram Grant"Program Grant" or "Program Grant Payment" means the economic development grants to be paid by Potter County to the Developer3
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> POTTER COUNTY, TEXAS AND CROSSROADS HOUSING DEVELOPMENT CORPORATION CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (the “Agreement”) is made and entered into by and between POTTER COUNTY, TEXAS, a political subdivision of the State of Texas (“Potter County”), and CROSSROADS HOUSING DEVELOPMENT CORPORATION (“Developer”), a Tex—
Capital investment$24,000,000a required minimum new investment of not less than $24,000,000 for construction of the improvements.3
Grant or incentive$500,000Potter County has committed $500,000 in American Rescue Plan Act funds4
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage57,000 square feetapproximately 57,000 square feet historic adaptive reuse of the former St. Anthony’s Hospital building1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2024the Improvements will be completed and receive a Certificate of Occupancy no later than December 31, 20243
Expirationten (10) yearsThis Agreement shall be effective as of the Effective Date for a period of ten (10) years2
Effective datethe last date this Agreement is signed by either Party"Effective Date" means the last date this Agreement is signed by either Party.2
SignatoryStacy SwisherAttn: Stacy Swisher, Executive Director8
Chain statusTerminal 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 0006107 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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