The Abatement RegisterGarlandAgreement 0011799
Texas Chapter 380 / 381 agreement · Garland

Blooming Investment Group 1 LLC

Agreement 0011799, filed with the Texas Comptroller by City of Garland.

$30,000,000.00committed capital investment
$425,000.00grant or incentive
December 31, 2032performance deadline
The obligation

What the contract requires.

“Developer shall construct three Buildings upon the Property and have received a conditional or temporary Certificate of Occupancy for each Building on the Property on or before December 31, 2032”Executed agreement, p. 4
“WHEREAS, the Developer agrees to make a Capital investment of approximately $30,000,000.00 into building three Buildings”Executed agreement, p. 1
The remedy

What the contract says happens.

“If the Development is not completed as required by December 31, 2032 the full Purchase Price (as such term is defined in the PSA) will be due to the City from Developer with no Incentive by January 31, 2033.”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 · forgiveness of a portion of the purchase price

What was abated, and for how long.

—December 31, 2032

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 GarlandThis ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT (“Agreement”) is made by and between the City of Garland, a Texas home-rule municipality (“City”), and Blooming Investment Group 1 LLC1
Contracting entityBlooming Investment Group 1 LLCThis ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT (“Agreement”) is made by and between the City of Garland, a Texas home-rule municipality (“City”), and Blooming Investment Group 1 LLC, a Texas limited liability company (“Developer”)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development grantWHEREAS, the Developer has advised the City that a contributing factor of inducing the Developer to further improve the Property is an agreement by the City to provide an Economic Development grant to the Developer as set forth herein;1
Governing chapterChapter 380, Local Government Coderecitals are true and correct and that the same is a material part of this Agreement: WHEREAS, the City desires to further the public interest and welfare and to induce the investment of private resources in productive business enterprises located within the City that will increase tax revenue and promote or develop new business enterprises through Economic Development Agreements as authorized by —
Capital investment$30,000,000.00WHEREAS, the Developer agrees to make a Capital investment of approximately $30,000,000.00 into building three Buildings1
Grant or incentive$425,000.00The amount forgiven shall be Four Hundred Twenty-Five Thousand Dollars and No Cents ($425,000.00)2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage2.695 acresWHEREAS, the Developer and City agree that the Developer shall attempt to acquire title to and develop approximately 2.695 acres of land consisting of two (2) tracts1
Performance deadlineDecember 31, 2032Developer shall construct three Buildings upon the Property and have received a conditional or temporary Certificate of Occupancy for each Building on the Property on or before December 31, 20324
ExpirationJune 30, 2033terminate either upon the complete performance by the Parties of all obligations and conditions within this Agreement or on June 30, 2033, whichever occurs first (the “Expiration Date”).3
Effective date05/01/2025Date Executed: 05/01/202510
SignatoryDave PatelBy: Cave Patel Name: Dave Patel Title: Manager10
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 0011799 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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