Agreement 0011101, filed with the Texas Comptroller by City of Ricardson, Texas.
The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.
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.
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 Ricardson, TexasThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Ricardson, Texas (“City”) | 1 |
| Contracting entity | Lockwood Distilling Company, LLCLockwood Distilling Company, LLC, a Texas limited liability company (“Company”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Modernization GrantWHEREAS, City has determined that making the Modernization Grant (hereinafter defined) to the Company in accordance with this Agreement | 1 |
| Governing chapter | Chapter 380, Local Government Codeand WHEREAS, City is authorized by Article II, Section 52-a of the Texas Constitution and Texas Local Government Code Chapter 380 to provide economic development grants to promote local economic development and to stimulate business and commercial activity in the City; | — |
| Capital investment | $1,200,000.00Capital Investment (hereinafter defined) in the Leased Premises of not less than One Million Two Hundred Thousand and No/100 ($1,200,000.00) for Renovations for the Leased Premises | 1 |
| Grant or incentive | $400,000.00“Maximum Grant Amount” shall mean the lesser of: (i) the actual costs incurred and paid by Company for fire-related and/or accessibility-related improvements comprising the Renovations; and (ii) Four Hundred Thousand and No/100 Dollars ($400,000.00). | 3 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 19,600 square foothas leased or intends to lease a 19,600 square foot building located at 816 S. Sherman Street, Richardson, Texas 75081 | 1 |
| Acreage | Not stated in the agreement | — |
| Performance deadline | June 1, 2025 defined term, not a covenant“Commencement Date” shall mean the date City has issued a certificate of occupancy for the occupancy of the Leased Premises by Company, which shall be no later than June 1, 2025. | 2 |
| Expiration | February 1, 2035“Expiration Date” shall mean February 1, 2035. | 2 |
| Effective date | February 25, 2025EXECUTED this 25th day of February , 2025. | 11 |
| Signatory | Evan BattEvan Batt, Owner/President | 11 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0011101 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.