The Abatement RegisterEl PasoAgreement 0011498
Texas Chapter 380 / 381 agreement · El Paso

Popular Building El Paso LLC

Agreement 0011498, filed with the Texas Comptroller by El Paso County, TEXAS.

90%of incremental ad valorem property tax revenue abated
two (2) years from the Effective Dateperformance deadline
The obligation

What the contract requires.

“The Applicant shall complete the Development within two (2) years of the Effective Date of this Agreement”Executed agreement, p. 4
The repayment remedy

What happens if it is not met.

“Recapture and collect from Applicant an amount equal to the amount actually paid to Applicant for each Grant Period during which the uncured Event of Default was in existence”Executed agreement, p. 10

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 · incremental ad valorem property tax revenue · p. 3

What was abated, and for how long.

ninety percent (90%)ten (10) consecutive years

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 bodyEl Paso County, TEXASEl Paso County, TEXAS (“County”), a political subdivision of the State of Texas1
Contracting entityPopular Building El Paso LLCPopular Building El Paso LLC for the purposes and considerations stated below1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 381 Economic Development Program AgreementThis Chapter 381 Economic Development Program Agreement (“Agreement”)1
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS § CHAPTER 381 § ECONOMIC DEVELOPMENT COUNTY OF EL PASO § PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between El Paso County, TEXAS (“County”), a political subdivision of the State of Texas, and Popular Building El Paso LLC for the purposes and considerations stated below: WHEREAS, the Applicant —
Capital investmentNot stated in the agreement—
Grant or incentiveSeven Hundred Twenty-Six Thousand Eight Hundred Eighty Dollars and Eighty-Nine Cents ($726,880.89)shall in no event exceed the total amount of Seven Hundred Twenty-Six Thousand Eight Hundred Eighty Dollars and Eighty-Nine Cents ($726,880.89)2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage150,000 usable square feetThe real property, at completion shall include approximately 150,000 usable square feet for commercial uses2
AcreageNot stated in the agreement—
Performance deadlinetwo (2) years from the Effective DateThe Applicant shall complete the Development within two (2) years of the Effective Date of this Agreement4
ExpirationMarch 17, 2037Twelve (12) years from the Effective Date4
Effective dateMarch 17, 2025IN WITNESS WHEREOF the Parties have executed this Agreement effective on day of. March 17, 2025.14
SignatoryRobert Palaciosby Robert forlorcxgs , as M ONAGLY of Popular Building El Paso LLC15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 17

The Development will include the construction of approximately 99 apartment units, 20,000 square feet of retail space, and 60 underground parking spaces

Parcels · p. 3
174073
How to check this page

Every line above is in the contract.

Agreement 0011498 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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