The Abatement RegisterFriscoAgreement 0010113
Texas Chapter 380 / 381 agreement · Frisco

THEMIX PARTNERS LLC

Agreement 0010113, filed with the Texas Comptroller by CITY OF FRISCO, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATION.

$113,425,000.00committed capital investment
$10,000,000.00grant or incentive
December 31, 2033performance deadline
The obligation

What the contract requires.

“on or before December 31, 2033 that the Hole remained screened from view until the Parking Garage was completed”Executed agreement, p. 7
“the total estimated combined cost of the Qualified Infrastructure necessary for Phase One of the Project (the “Phase One Infrastructure”) and the Parking Garage is at least One Hundred Thirteen Million Four Hundred Twenty-Five Thousand Dollars ($113,425,000.00).”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“Developer must repay funds paid to Developer as grants or tax rebates or refunds or expended on infrastructure development and improvements designed to principally benefit Developer, if any, within one hundred twenty (120) calendar days following receipt of written demand from the City”Executed agreement, p. 16

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 · City’s share of the retail sales tax revenue

What was abated, and for how long.

—December 31, 2054

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 FRISCO, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATIONCITY OF FRISCO, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATION1
Contracting entityTHEMIX PARTNERS LLCTHEMIX PARTNERS LLC1
Parent / guarantorWP Development Partners LLCWP Development Partners LLC, the owner of fee title to a certain tract of property4
InstrumentMaster Development AgreementThis Master Development Agreement for Qualified Infrastructure Improvements4
Governing chapterChapter 380, Local Government CodeThe 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 Sales Tax Grant") payable quarterly to the Developer in an amount equal to one-half of the City’s share of the retail sales tax revenue (one-half of one percent of taxable sales) generated by —
Capital investment$113,425,000.00the total estimated combined cost of the Qualified Infrastructure necessary for Phase One of the Project (the “Phase One Infrastructure”) and the Parking Garage is at least One Hundred Thirteen Million Four Hundred Twenty-Five Thousand Dollars ($113,425,000.00).6
Grant or incentive$10,000,000.00the lesser of (1) the actual cost of the Phase One Infrastructure, or (ii) Ten Million Dollars ($10,000,000.00) (the “FEDC Phase One Infrastructure Grant’).6
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage114,000 square feetat least 114,000 square feet of medical office space in a “Class A” office5
Acreage112 acresconsisting of approximately 112 acres, located at the southeast corner of Lebanon Road and Dallas Parkway4
Performance deadlineDecember 31, 2033on or before December 31, 2033 that the Hole remained screened from view until the Parking Garage was completed7
ExpirationDecember 31, 2054terminating December 31, 2054 (the "City Sales Tax Grant Term")9
Effective dateOctober 15, 2024executed of this 15" day of October, 2024 ("Effective Date")4
SignatoryVAN NGAVENName: VAN NGAVEN18
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 4

Class A office, Class A medical office, retail, restaurants, hotels, open space and residential development

How to check this page

Every line above is in the contract.

Agreement 0010113 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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