The Abatement RegisterPlanoAgreement 0011386
Texas Chapter 380 / 381 agreement · Plano

Atlantic Aviation FBO, Inc.

Agreement 0011386, filed with the Texas Comptroller by City of Plano, Texas.

$2,334,240.00committed capital investment
$300,000.00grant or incentive
89permanent jobs committed
The obligation

What the contract requires.

“By the Commencement Date, lease and Occupy a minimum of 25,000 square feet”Executed agreement, p. 3
“retain and maintain 89 Full-Time Job Equivalents”Executed agreement, p. 1
“real property improvements that have a minimum value of $2,334,240.00 on the Real Property”Executed agreement, p. 1

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The repayment remedy

What happens if it is not met.

“If any Event of Default, excluding an Event of Default under Section 4.03(a)(4) and (a)(5), occurs after Grant funds have been paid to the Company by the City, then Company shall repay to the City all Grant funds paid to it within thirty (30) days of written notice of default from the City.”Executed agreement, p. 5

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 · office space

What was abated, and for how long.

—March 31, 2025

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 Plano, Texasthe City of Plano, Texas, a home-rule municipal corporation ("City")1
Contracting entityAtlantic Aviation FBO, Inc.Atlantic Aviation FBO, Inc., a Delaware corporation ("Company")1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development GrantArticle IV Economic Development Grant3
Governing chapterChapter 380, Local Government CodeGov’T CoDE §380.001 ef seq.—
Capital investment$2,334,240.00real property improvements that have a minimum value of $2,334,240.00 on the Real Property1
Grant or incentive$300,000.00City agrees to provide the Company a grant of up to $300,000.00 ("Grant")3
Jobs committed89retain and maintain 89 Full-Time Job Equivalents1
Wage requirementNot stated in the agreement—
Square footage25,000Occupy a minimum 25,000 square feet of office space at the Real Property1
AcreageNot stated in the agreement—
Performance deadlineMarch 31, 2025 date not fully supported by the quoted sentenceBy the Commencement Date, lease and Occupy a minimum of 25,000 square feet3
ExpirationMarch 31, 2035The term of this Agreement shall begin on the Commencement Date and continue for ten (10) years thereafter3
Effective dateMarch 31, 2025"Commencement Date" shall mean March 31, 2025.2
SignatoryWilliam G. LadBy: Willian Ge Lad11
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 0011386 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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