The Abatement RegisterMontgomeryAgreement 0006927
Texas Chapter 380 / 381 agreement · Montgomery

East Montgomery County Municipal Utility District No. 13

Agreement 0006927, filed with the Texas Comptroller by Montgomery County, Texas.

$66,881,000committed capital investment
The obligation

Terms the contract defines.

““Road_ Improvements Completion Date” means the date on which the construction of all the Road Improvements is completed. The Road Improvements Completion Date shall be no later than December 31, 2042, unless otherwise agreed to by the County.”Executed agreement, p. 3
““Reimbursement Cap” with respect to Road Improvements means $66,881,000.”Executed agreement, p. 3

The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.

The remedy

What the contract says happens.

“Failure in Road Improvements Completion Date. In the event that the District fails to meet its obligation to complete the Road Improvements by the Road Improvements Completion Date in accordance with Section 3.D., the County shall have, as its sole remedy, the right to suspend the Annual Payments and to receive from the District, as liquidated damages, a sum equal to the amount of all Annual Payments made to the Dist”Executed agreement, p. 8

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 · Road Improvements

What was abated, and for how long.

—each year

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 bodyMontgomery County, TexasMontgomery County, Texas, a body corporate and politic under the laws of the State of Texas, by and through its Commissioners Court (the “County”)1
Contracting entityEast Montgomery County Municipal Utility District No. 13East Montgomery County Municipal Utility District No. 13 (the “District’), a body corporate and politic and a governmental agency of the State of Texas1
Parent / guarantorForestar (USA) Real Estate Group, Inc., Academy Development, Inc., Land Tejas Development Company“Developers” means Forestar (USA) Real Estate Group, Inc., a Délaware corporation, its subsidiaries, affiliates, successors, and assigns; Academy Development, Inc., a Delaware corporation, its subsidiaries, affiliates, successors, and assigns; and Land Tejas Development Company, a Texas corporation, its subsidiaries, affiliates, successors, and assigns.3
InstrumentAgreement for the Financing and Construction of Road ImprovementsAGREEMENT FOR THE FINANCING AND CONSTRUCTION OF ROAD IMPROVEMENTS BY AND BETWEEN MONTGOMERY COUNTY, TEXAS AND EAST MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT NO. 131
Governing chapterChapter 381, Local Government Code1) GENERAL SCOPE OF THE AGREEMENT A) The Parties hereby agree to establish a program to finance and develop certain major thoroughfare and loop road improvements and related improvements in aid of such road improvements (the “Road Improvements”) in accordance with Chapter 381, Texas Local Government Code (“Chapter 381”), under which the County has the authority to use public funds for the public p—
Capital investment$66,881,000“Reimbursement Cap” with respect to Road Improvements means $66,881,000.3
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreageapproximately 1,900-acre areaencompasses all of the approximately 1,900-acre area owned by the Developers2
Performance deadlineDecember 31, 2042 defined term, not a covenant“Road_ Improvements Completion Date” means the date on which the construction of all the Road Improvements is completed. The Road Improvements Completion Date shall be no later than December 31, 2042, unless otherwise agreed to by the County.3
Expiration30 years from the date of this AgreementTerm. This Agreement will be in full force and effect until the earlier of (i) the date on which all Road Improvement Costs have been paid in full by the County, up to the Reimbursement Cap, or (ii) 30 years from the date of this Agreement.8
Effective date2022the Agreement between Montgomery County (the "County") and the District dated effective , 2022 (the "Agreement")21
SignatoryJames MettsJamds/Mfetts : j President Commissioner, Precinct 4 Board of Directors14
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 16

Traffic Signal at SH 242 at Harrington Trails Entrance, SH 242 Left & Right Turn Lanes at Harrington Trails Entrance, Harrington Drive, Woodward Boulevard, Canopies Parkway, Central Boulevard, Townsend Reserve Boulevard

How to check this page

Every line above is in the contract.

Agreement 0006927 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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