The Abatement RegisterMontgomeryAgreement 0006928
Texas Chapter 380 / 381 agreement · Montgomery

Marian Trails Municipal Utility District No. 1

Agreement 0006928, filed with the Texas Comptroller by Montgomery County, Texas.

$23,299,200committed capital investment
$78,430,202grant or incentive
December 31, 2042performance deadline
The obligation

What the contract requires.

“The Road Improvements Completion Date shall be no later than December 31, 2042”Executed agreement, p. 3
“$23,299,200”Executed agreement, p. 16
The remedy

What the contract says happens.

“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 District in excess of the Road Improvement Costs for the completed Road Improvements.”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 entityMarian Trails Municipal Utility District No. 1Marian Trails Municipal Utility District No. 1 (the District”), a body corporate and politic and a governmental agency of the State of Texas1
Parent / guarantorThe Signorelli Company“Developer” means The Signorelli 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 IMPROVEMENTS1
Governing chapterChapter 381, Local Government Code1) GENERAL SCOPE OF THE AGREEMENT A) B) 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 publi—
Capital investment$23,299,200$23,299,20016
Grant or incentive$78,430,202“Reimbursement Cap” with respect to Road Improvements means $78,430,202.3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage3,045 ac+ 3,045 ac20
Performance deadlineDecember 31, 2042The Road Improvements Completion Date shall be no later than December 31, 20423
Expiration30 years from the date of this Agreement(ii) 30 years from the date of this Agreement.7
Effective dateDecember 13, 2022Date: Dew 13 ZOzZ. Z...14
SignatoryMike TerechtndkMike Terechtndk _, President14
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 0006928 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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