The Abatement RegisterEl PasoAgreement 0008496
Texas Chapter 380 / 381 agreement · El Paso

Rocco Developers LLC

Agreement 0008496, filed with the Texas Comptroller by El Paso County, TEXAS.

$15,497,697.00committed capital investment
$90,046.00grant or incentive
25–75%of ad valorem real property tax increment abated
three (3) years from the Effective Dateperformance deadline
The obligation

What the contract requires.

“The Company or its Affiliate shall complete the Development within three (3) years of the Effective Date of this Agreement”Executed agreement, p. 4
“The total Minimum Investment for this Property will, in no instance, be less than Fifteen Million, Four Hundred Ninety Seven Thousand, Six Hundred Ninety Seven and 00/100 Dollars ($15,497,697.00).”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“Recapture and collect from Company an amount equal to the amount actually paid to Company for each Grant Period during which the uncured Event of Default was in existence (the "Recapture Amount")”Executed agreement, p. 9

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 · ad valorem real property tax increment · p. 3

What was abated, and for how long.

75%1st year
60%2nd year
50%3rd year
25%4th year
25%5th 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 bodyEl Paso County, TEXASEl Paso County, TEXAS (“County”), a political subdivision of the State of Texas1
Contracting entityRocco Developers LLCRocco Developers LLC (“Company”), a Limited Liability Company authorized to do business in Texas1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development Program AgreementThis Chapter 381 Economic Development Program Agreement (“Agreement”)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS ) ) CHAPTER 381 ECONOMIC DEVELOPMENT COUNTY OFEL PASO _) PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between El Paso County, TEXAS (“County”), a political subdivision of the State of Texas, and Rocco Developers LLC (“Company”), a Limited Liability Company authorized to do business in Texas, for —
Capital investment$15,497,697.00The total Minimum Investment for this Property will, in no instance, be less than Fifteen Million, Four Hundred Ninety Seven Thousand, Six Hundred Ninety Seven and 00/100 Dollars ($15,497,697.00).3
Grant or incentive$90,046.00Company is eligible to receive up to Ninety Thousand, Forty Six and 00/100 Dollars ($90,046.00).3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage305,095 square feetconlcining 305,095 squoro feet or 7.004 Acres of loni, more oF fess,17
Acreage7.004 Acresconlcining 305,095 squoro feet or 7.004 Acres of loni, more oF fess,17
Performance deadlinethree (3) years from the Effective DateThe Company or its Affiliate shall complete the Development within three (3) years of the Effective Date of this Agreement4
ExpirationApril 25, 2030The term of this Agreement shall be eight (8) years from the Effective Date of this Agreement4
Effective dateApril 25, 2022IN WITNESS WHEREOF the Parties have executed this Agreement effective on 25th day of April , 2022.14
SignatoryNot stated in the agreement—
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 16
200657
How to check this page

Every line above is in the contract.

Agreement 0008496 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.

[email protected]