Agreement 0009652, filed with the Texas Comptroller by CITY OF FRISCO, TEXAS, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATION.
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 | CITY OF FRISCO, TEXAS, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATIONCITY OF FRISCO, TEXAS, a municipal corporation of the State of Texas and a home-rule city located in Collin County, Texas (the “City”), FRISCO ECONOMIC DEVELOPMENT CORPORATION, a Texas non-profit corporation (“FEDC”), FRISCO COMMUNITY DEVELOPMENT CORPORATION, a Texas non-profit corporation (“FCDC” | 4 |
| Contracting entity | FW DEVELOPMENT LLCFW DEVELOPMENT LLC, a Texas limited liability company (“Developer”) | 4 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | MASTER DEVELOPMENT AGREEMENTMASTER DEVELOPMENT AGREEMENT FOR PUBLIC FACILITIES AND RELATED IMPROVEMENTS | 1 |
| Governing chapter | Chapter 380, Local Government CodeSubject to the Developer’s compliance with the Performance Requirements (defined below), the City shall provide to Developer an economic development grant under the provisions of Chapter 380 of the Texas Local Government Code to promote business and commercial activity on the Property (the “City Separated Materials Tax Grant’’) payable to the Developer in an amount equal to the City’s share of the | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | Seven Million Dollars ($7,000,000.00)the combined total of the City Separated Materials Tax Grant, the FCDC Separated Materials Tax Grant, and the FEDC Separated Materials Tax Grant shall not exceed Seven Million Dollars ($7,000,000.00) | 17 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 320,000 square feet of Class A Office space, 350,000 square feet of Upscale Retail/Restaurantno less than 320,000 square feet of Class A Office space, 350,000 square feet of Upscale Retail/Restaurant | 4 |
| Acreage | 49.50 acresconsisting of approximately 49.50 acres, located at the southwest corner of Fields Parkway and the Dallas North Tollway | 4 |
| Performance deadline | August 30, 2028Documentation reasonably acceptable to the Public Entities verifying the actual cost of the Fields West Mixed Use Improvements is at least Six Hundred Sixty Million Dollars ($660,000,000.00) on or before August 30, 2028. | 15 |
| Expiration | Not stated in the agreement | — |
| Effective date | July 2, 2024entered into as of this 2nd day of July, 2024 (“Effective Date”) | 4 |
| Signatory | Fehmi KarahanName: Fe laws karahtiaN | 28 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0009652 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.