Agreement 0011086, filed with the Texas Comptroller by CITY OF KELLER, 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 KELLER, TEXASCITY OF KELLER, TEXAS (the “City’’) | 1 |
| Contracting entity | FLEXD Keller, LLCFLEXD Keller, LLC, a Texas limited liability company (the “Grantee”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 380 Economic Development Grant AgreementAgreement: Shall mean this Chapter 380 Economic Development Grant Agreement | 2 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> Exhibit A ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (Chapter 380 Agreement) This ECONOMIC DEVELOPMENT PROGRAM AGREEMENT (‘Agreement’) is entered into by and between the CITY OF KELLER, TEXAS (the “City’’), a home rule municipal corporation organized under the laws of the State of Texas, and FLEXD Keller, LLC, a Texas limited liability company (the “Grantee”). | — |
| Capital investment | $16,000,000Real Property Minimum Appraised Value”) of $16,000,000 | 4 |
| Grant or incentive | $1,784,716maximum combined total payments, as provided in Section 5 in its entirety, of $1,784,716 | 4 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 160,164 sftotal leasable square footage of the Project (estimated to be 160,164 sf) | 3 |
| Acreage | 10.74 acresapproximately 10.74 acres of land | 3 |
| Performance deadline | two yearsSubstantial Completion: all Improvements shall be Substantially Complete, subject to extension for Force Majeure delays, within two years of the issuance of a Building Permit. | 4 |
| Expiration | Not stated in the agreement | — |
| Effective date | Not stated in the agreement | — |
| Signatory | Jordan E-daffeeName: Jordan E-daffee_ 9. <ee | 13 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0011086 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.