Agreement 0011069, filed with the Texas Comptroller by CITY OF MCKINNEY, TEXAS.
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 MCKINNEY, TEXASCITY OF MCKINNEY, TEXAS, | 1 |
| Contracting entity | NOTES LIVE, INC.NOTES LIVE, INC., | 1 |
| Parent / guarantor | VENU HOLDING CORPORATIONVENU HOLDING CORPORATION, SUCCESSOR-BY-NAME-CHANGE TO NOTES LIVE, INC., | 157 |
| Instrument | CHAPTER 380 GRANT AND DEVELOPMENT AGREEMENTTHIS CHAPTER 380 GRANT AND DEVELOPMENT AGREEMENT | 7 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> 139349271 CHAPTER 380, GRANT, AND DEVELOPMENT AGREEMENT by and among CITY OF MCKINNEY, TEXAS, MCKINNEY ECONOMIC DEVELOPMENT CORPORATION, MCKINNEY COMMUNITY DEVELOPMENT CORPORATION as City Parties and NOTES LIVE, INC., as Owner Dated as of April 16, 2024 SUNSET AMPHITHEATER MCKINNEY, TEXAS <<<PAGE 2>>> TABLE OF CONTENTS Page Article I. | — |
| Capital investment | $35,000,000.00for a purchase price of Thirty-Five Million and No/100 Dollars ($35,000,000.00) | 9 |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | Not stated in the agreement | — |
| Acreage | 45.71 acrescontaining 1,991,185 square feet or 45.71 acres of land. | 126 |
| Performance deadline | December 15, 2024Owner shall enter into a fully executed, binding contract or contracts with the Operator or, if more than one Operator, with each Operator (individually or collectively, the “Operator Agreement”) by December 15, 2024 | 158 |
| Expiration | Not stated in the agreement | — |
| Effective date | April 16, 2024effective as of April 16, 2024 | 7 |
| Signatory | JW RothName: JW Roth | 86 |
| Chain status | Superseded by agreement 0013821, 0013825 | — |
Agreement 0011069 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 I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.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.