The Abatement RegisterEl PasoAgreement 0011855
Texas Chapter 380 / 381 agreement · El Paso

PADEL PASO PROPERTIES, LLC

Agreement 0011855, filed with the Texas Comptroller by CITY OF EL PASO.

$2,310,000committed capital investment
$45,425grant or incentive
3permanent jobs committed
50%of Property Tax Rebate abated
December 31, 2027performance deadline
The obligation

What the contract requires.

“Applicant is required to create, staff and maintain at least 3 Full-Time Employment positions by December 31, 2027”Executed agreement, p. 18
“Applicant agrees that it shall create, staff, and maintain at least 3 Full-Time Employment positions”Executed agreement, p. 7
“The Agreement requires the Applicant to make a minimum investment of $2,310,000.”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“In the event this Agreement is terminated pursuant to this Section 5B, all Grant Payments previously provided by the City pursuant to this Agreement shall be recaptured and repaid by Applicant within 60 days from the date of such termination”Executed agreement, p. 10

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 · Property Tax Rebate · p. 21

What was abated, and for how long.

50%5 Years

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 EL PASOCITY OF EL PASO (“City”)1
Contracting entityPADEL PASO PROPERTIES, LLCPADEL PASO PROPERTIES, LLC, (“Applicant”)1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Program AgreementChapter 380 Economic Development Program Agreement (“Agreement”)1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EL PASO: That the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between CITY OF EL PASO (“City”) and PADEL PASO PROPERTIES, LLC, (“Applicant”) to further the municipal purpose of promoting economic development, in support of the construction of a development loca—
Capital investment$2,310,000The Agreement requires the Applicant to make a minimum investment of $2,310,000.1
Grant or incentive$45,425the City shall provide economic incentives not to exceed $45,4251
Jobs committed3Applicant agrees that it shall create, staff, and maintain at least 3 Full-Time Employment positions7
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2027Applicant is required to create, staff and maintain at least 3 Full-Time Employment positions by December 31, 202718
ExpirationNot stated in the agreement—
Effective date5th day of May, 2023This Chapter 380 Economic Development Program Agreement (“Agreement”) is made this eh day of ay 5 © (“Effective Date”)2
SignatoryGabriel Borundaby Gabriel Borunda ,as_Owner (title) of PADEL PASO PROPERTIES, LLC (Applicant).15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 17

a paddle court entertainment district on the west side of El Paso to include eight courts plus a full-service restaurant

Parcels · p. 1
732524 · 732525
How to check this page

Every line above is in the contract.

Agreement 0011855 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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