Stablewood LLC- Miguel Aboumrad Kamel

Agreement 0011751, filed with the Texas Comptroller by City of McAllen.

$20,000.00committed capital investment

10%of eligible investment abated

twenty-four (24) calendar months after Commencementperformance deadline

The obligation

What the contract requires.

“PROPERTY OWNER must satisfy all CITY building requirements and pass CITY’s final building inspection for the Approved Project on or before twenty-four (24) calendar months after Commencement.”Executed agreement, p. 4

“PROPERTY OWNER has certified that construction costs of the improvements, modifications or remodeling will be a minimum of $20,000.00.”Executed agreement, p. 2

The repayment remedy

What happens if it is not met.

“Should PROPERTY OWNER fail to fulfill the requirements hereunder, then PROPERTY OWNER shall be obligated to pay CITY an amount equal to the rebate incentive paid to PROPERTY OWNER.”Executed agreement, p. 3

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 · eligible investment · p. 3

What was abated, and for how long.

10%

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.

Field	Value & quoted source	Page
Granting body	City of McAllenWHEREAS, the City of McAllen (hereinafter “McALLEN” or “CITY”), a home-rule city, is a political subdivision of the State of Texas, and has established a program to provide incentives	1
Contracting entity	Stablewood LLC- Miguel Aboumrad KamelStablewood LLC- Miguel Aboumrad Kamel	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Incentive Contract AgreementINCENTIVE CONTRACT AGREEMENT	1
Governing chapter	Chapter 380, Local Government Codeand WHEREAS, Texas Local Government Code Chapter 380 authorizes CITY’S governing body to establish and provide for the administration of one or more programs, including programs making loans and grants of public money and providing personnel and services of the CITY, to promote local economic development and to stimulate business and commercial activities in the CITY;	—
Capital investment	$20,000.00PROPERTY OWNER has certified that construction costs of the improvements, modifications or remodeling will be a minimum of $20,000.00.	2
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	Not stated in the agreement	—
Performance deadline	twenty-four (24) calendar months after CommencementPROPERTY OWNER must satisfy all CITY building requirements and pass CITY’s final building inspection for the Approved Project on or before twenty-four (24) calendar months after Commencement.	4
Expiration	Not stated in the agreement	—
Effective date	April 10, 2025SIGNED on this 10 day of Apc [ , 2025	8
Signatory	Miguel Aboumrad KamelMiguel Aboumrad Kamel	8
Chain status	Terminal 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 0011751 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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