The Abatement RegisterSan MarcosAgreement 0009854
Texas Chapter 380 / 381 agreement · San Marcos

BRE Group 500 Wonder World 2022 LP

Agreement 0009854, filed with the Texas Comptroller by City of San Marcos, Texas.

October 31, 2024performance deadline
The obligation

What the contract requires.

“to occur no later than October 31, 2024”Executed agreement, p. 3
The remedy

What the contract says happens.

“Developer acknowledges and agrees that among the remedies available to the City hereunder is the right to recover any sums paid to Developer”Executed agreement, p. 10

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 · Real Property Taxes · p. 4

What was abated, and for how long.

100 percentfirst full calendar year
75 percentsecond calendar year
50 percentthird calendar 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 bodyCity of San Marcos, Texasbetween the City of San Marcos, Texas (the “City”), a Texas municipal corporation1
Contracting entityBRE Group 500 Wonder World 2022 LPand BRE Group 500 Wonder World 2022 LP, a Texas limited partnership (“Developer”)1
Parent / guarantorBRE Group General Partner, LLCBy: | BRE Group General Partner, LLC, a Texas limited liability company, its general partner15
InstrumentGrant Payments“Grant Payments” means the City’s annual payments to Developer2
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT As of July 2, 2024 (the “Effective Date”) this agreement (the “Agreement” is entered into between the City of San Marcos, Texas (the “City”), a Texas municipal corporation, and BRE Group 500 Wonder World 2022 LP, a Texas limited partnership (“Developer”).—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage98,296 square footconstruct an approximately 98,296 square foot distribution facility1
AcreageNot stated in the agreement—
Performance deadlineOctober 31, 2024to occur no later than October 31, 20243
ExpirationNot stated in the agreement—
Effective dateJuly 2, 2024As of July 2, 2024 (the “Effective Date”)1
SignatoryEric MarcellaEric Marcella,'Manager15
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 0009854 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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