The Abatement RegisterMcAllenAgreement 0010564
Texas Chapter 380 / 381 agreement · McAllen

RADF MANAGEMENT LLC-SELENE DIAZ

Agreement 0010564, filed with the Texas Comptroller by City of McAllen.

$20,000.00committed capital investment
$7,500grant or incentive
10%of eligible investment abated
twenty-four (24) calendar months after Commencementperformance deadline
The obligation

What the contract requires.

“PROPERTY OWNER must satisfy all CITY building requirements and pass CITY’s final building inspection for the Approved Project on or before twenty-four (24) calendar months after Commencement.”Executed agreement, p. 5
“WHEREAS, PROPERTY OWNER has certified that construction costs of the improvements, modifications or remodeling will be a minimum of $20,000.00 in new construction improvement cost on the LOT.”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“2. Default. Should PROPERTY OWNER fail to fulfill the requirements hereunder, then PROPERTY OWNER shall be obligated to pay CITY an amount equal to the rebate incentive paid to PROPERTY OWNER.”Executed agreement, p. 4

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 · eligible investment · p. 4

What was abated, and for how long.

10%

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 McAllenWHEREAS, the City of McAllen (hereinafter “McALLEN” or “CITY”), a home-rule city, is a political subdivision of the State of Texas, and has established a program to provide incentives1
Contracting entityRADF MANAGEMENT LLC-SELENE DIAZWHEREAS, RADF MANAGEMENT LLC-SELENE DIAZ, (“PROPERTY OWNER”) is the owner of a full undeveloped lot of record located at 112 S Cynthia Street, McAllen, Texas, within the corporate limits of the city and zoned R-2 Duplex-Fourplex (“LOT”);2
Parent / guarantorNot stated in the agreement—
InstrumentRebate IncentiveA. Rebate Incentive.4
Governing chapterChapter 380, Local Government Codeand WHEREAS, Texas Local Government Code Chapter 380 authorizes CITY’S governing body to establish and provide for the administration of one or more programs, including programs making loans and grants of public money and providing personnel and services of the CITY, to promote local economic development and to stimulate business and commercial activities in the CITY;—
Capital investment$20,000.00WHEREAS, PROPERTY OWNER has certified that construction costs of the improvements, modifications or remodeling will be a minimum of $20,000.00 in new construction improvement cost on the LOT.2
Grant or incentive$7,500CITY will provide to PROPERTY OWNER a ten percent (10%) rebate of eligible investment, not to exceed Seven-Thousand Five Hundred Dollars ($7,500), for the Approved Project.4
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlinetwenty-four (24) calendar months after CommencementPROPERTY OWNER must satisfy all CITY building requirements and pass CITY’s final building inspection for the Approved Project on or before twenty-four (24) calendar months after Commencement.5
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatorySelene DiazPROPERTY OWNER: LER That een LL@ Selene Diaz9
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 0010564 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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