The Abatement RegisterRichardsonAgreement 0011813
Texas Chapter 380 / 381 agreement · Richardson

520 Lockwood LP

Agreement 0011813, filed with the Texas Comptroller by City of Richardson, Texas.

$610,000.00committed capital investment
$100,000.00grant or incentive
January 31, 2020performance deadline
The obligation

What the contract requires.

“Completion of Construction to occur on or before January 31, 2020”Executed agreement, p. 5
“The Capital Investment shall be approximately Six Hundred Ten Thousand and No/100 Dollars ($610,000.00)”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“the Company shall repay the amount of the Grants and any other funds received by the Company from City”Executed agreement, p. 8

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.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyCity of Richardson, Texasthe City of Richardson, Texas (the “City”)1
Contracting entity520 Lockwood LP520 Lockwood LP, a Texas limited partnership1
Parent / guarantor520 Lockwood GP LLCBy: 520 Lockwood GP LLC A Texas limited liability company Its General Partner9
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement (“Agreement”)1
Governing chapterChapter 380, Local Government Codeand WHEREAS, the City is authorized by Article III, 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$610,000.00The Capital Investment shall be approximately Six Hundred Ten Thousand and No/100 Dollars ($610,000.00)5
Grant or incentive$100,000.00Infrastructure Grant” shall mean the economic development grant in the amount One Hundred Thousand Dollars ($100,000.00)4
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage4,355 square feetLessee has entered a lease of approximately 4,355 square feet of space1
AcreageNot stated in the agreement—
Performance deadlineJanuary 31, 2020Completion of Construction to occur on or before January 31, 20205
Expirationsixty-three (63) months following the Commencement Date“Expiration Date” shall mean the date which is sixty-three (63) months following the Commencement Date.3
Effective date2025EXECUTED this the 7 day of __ (Vor i\ , 2025.9
SignatoryManasseh DurkinManasseh Durkin, Manager9
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 0011813 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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