The Abatement RegisterAllenAgreement 0011835
Texas Chapter 380 / 381 agreement · Allen

Kalahari Allen TX LLC

Agreement 0011835, filed with the Texas Comptroller by Allen Economic Development Corporation, the City of Allen, Texas, and the Allen Community Development Corporation.

$900,000,000.00committed capital investment
December 31, 2033performance deadline
The obligation

What the contract requires.

“Subject to delays resulting from Events of Force Majeure occurring on or after July 1, 2030, Developer shall cause Completion of Construction of the Project on or before December 31, 2033.”Executed agreement, p. 14
“Developer intends to employ or cause the employment of no less than five hundred (500) FTEs at the Project”Executed agreement, p. 2
“Developer intends to make a Capital Investment in the Project of no less than $900,000,000.00”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“If this Agreement is terminated by City pursuant to Section 6.06(c) or (d), Developer shall repay to the City Entities the following within thirty (30) days after City delivery of a written notice to Developer that includes, but is not limited to, a detailed accounting of the amount of the Fee Waiver: (i) an amount equal to the Economic Incentives Payments paid from the Project Fund Account to Developer for the prece”Executed agreement, p. 34

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 · Total Revenue Sources · p. 25

What was abated, and for how long.

all remaining Total Revenue SourcesYears 1-20
all remaining Total Revenue SourcesYears 21-30
all remaining Total Revenue SourcesYears 31-38

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 bodyAllen Economic Development Corporation, the City of Allen, Texas, and the Allen Community Development CorporationKalahari Allen TX LLC, a Delaware limited liability company the “Developer”, under that certain Economic Development Program Agreement entered into with the Allen Economic Development Corporation, the City of Allen, Texas, and the Allen Community Development Corporation50
Contracting entityKalahari Allen TX LLCKalahari Allen TX LLC (“Developer”)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Program AgreementThis Economic Development Program Agreement (this “Agreement”)1
Governing chapterChapter 380/381, Local Government Codeand WHEREAS, City is authorized by Article II, Section 52-a of the Texas Constitution and Chapter 380 of the Texas Local Government Code (“Chapter 380”) to provide economic development grants to promote local economic development and to stimulate business and commercial activity within City’s corporate limits;—
Capital investment$900,000,000.00Developer intends to make a Capital Investment in the Project of no less than $900,000,000.002
Grant or incentiveNot stated in the agreement—
Jobs committedfive hundred (500) FTEs recital language, not a covenantDeveloper intends to employ or cause the employment of no less than five hundred (500) FTEs at the Project2
Wage requirementNot stated in the agreement—
Square footagenot less than 1,100,000 square feet under roofImprovements” means, collectively, the Hotel Building, the Convention Center Building, the Water Park, and the Family Entertainment Center upon Completion of Construction with a collective floor area of not less than 1,100,000 square feet under roof9
Acreage108.3248 acresTHENCE along the said northwest right-of-way line of Ridgeview Drive the following courses and distances: South 10°36'48" West, along the said right-of-way corner clip, 27.23 feet to a 1/2-inch iron rod with cap stamped “WIER & ASSOC INC” found at the south end of the said corner clip; South 55°24'29" West, 204.94 feet to a 1/2-inch iron rod with cap stamped “WIER & ASSOC INC” found; South 51°41'147
Performance deadlineDecember 31, 2033Subject to delays resulting from Events of Force Majeure occurring on or after July 1, 2030, Developer shall cause Completion of Construction of the Project on or before December 31, 2033.14
Expirationthe last day of the calendar month thirty-eight (38) years after the Hotel Occupancy DateThe term of this Agreement shall begin on the Effective Date and shall terminate on the date which is the last day of the calendar month thirty-eight (38) years after the Hotel Occupancy Date (the “Expiration Date”)3
Effective dateFebruary 25, 2025This Economic Development Program Agreement (this “Agreement”) is entered into as of February 25, 2025 (the “Effective Date”)1
SignatoryTodd NelsonTodd Nelson, Manager44
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. ?
20130401000423000 · 4674 · 2594 · 4635 · 1629 · 1101 · 20130809001 · 126880 · 3988 · 1722 · 3988 · 1722 · 5449 · 10014 · 1101 · 20130809001126880 · 20110915000981230 · 20121221001634200 · 22024010000078 · 5263 · 3744 · 4635 · 1629 · 2022000175461 · 4669 · 1846 · 4674 · 2595 · 4644 · 2068 · 4644 · 2037 · 1983 · 4202 · 1983 · 2011
How to check this page

Every line above is in the contract.

Agreement 0011835 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.

[email protected]