Agreement 0011814, filed with the Texas Comptroller by City of Victoria, Texas.
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| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of Victoria, TexasThis Development Agreement ( Agreement ) is made and entered into by and between the City of Victoria, Texas ( City ) and Victoria Exchange Development, LP, a Texas Limited Partnership ( Developer ). | 1 |
| Contracting entity | Victoria Exchange Development, LPThis Development Agreement ( Agreement ) is made and entered into by and between the City of Victoria, Texas ( City ) and Victoria Exchange Development, LP, a Texas Limited Partnership ( Developer ). | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | CH. 380 AgreementCH. 380 Agreement With Victoria Exchange Development, LP | 1 |
| Governing chapter | Chapter 380, Local Government Codeand Now, Therefore, in consideration of the mutual benefits and promises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City and Developer agree as follows: Article 1 Definitions The following terms, when capitalized and used herein, carry the following meanings: “Chapter 380 Payment” means the amounts paid by the City to Developer | — |
| Capital investment | $25,000,000an investment of approximately twenty-five million dollars ($25,000,000) into Developer Campus and the adjacent roadway. | 1 |
| Grant or incentive | $1,000,000.00the City shall reimburse Developer one-million dollars ($1,000,000.00) upon successful completion of Phase II of the Project on or before July 31, 2027 | 3 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 90,000 sq. ft.Project means Developers development, to include all buildout and improvements made on Developer Campus, of approximately 90,000 sq. ft. of retail space | 1 |
| Acreage | 9.8 acresDeveloper Campus means the approximate 9.8 acres, known as Victorias Retail Village, Resubdivision No. 4, Block 1, Lot 12R, located at 9009 N. Navarro, Victoria, TX 77904. | 1 |
| Performance deadline | July 31, 2027Developer agrees that the above-described construction to include Phase I and Phase II shall be completed, including all items as described in Sections 1-3 above, on or before July 31, 2027, in order to receive reimbursement as described in Section 3.1. | 3 |
| Expiration | July 31, 2027Developer agrees that the above-described construction to include Phase I and Phase II shall be completed, including all items as described in Sections 1-3 above, on or before July 31, 2027, in order to receive reimbursement as described in Section 3.1. | 3 |
| Effective date | 5/22/2025EXECUTED on 5/22/2025 | 5 |
| Signatory | Asif MumtazAsif Mumtaz, Managing Partner | 5 |
| Chain status | Superseded by agreement 0013608 | — |
Agreement 0011814 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.
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.