Agreement 0011961, filed with the Texas Comptroller by City of Brownsville, Texas.
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| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of Brownsville, TexasWHEREAS, the City of Brownsville, Texas (the “City”) is a Home Rule Municipality | 1 |
| Contracting entity | Sabal Market Center, LLCWHEREAS, the City now desires to enter into an Economic Development Program Agreement (Chapter 380 Agreement) with Sabal Market Center, LLC, a Texas limited liability company | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 380 AgreementA RESOLUTION OF THE CITY OF BROWNSVILLE, TEXAS, AUTHORIZING CERTAIN ECONOMIC DEVELOPMENT INCENTIVES UNDER THE CITY’S CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM | 1 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> RESOLUTION NUMBER 2025-055 A RESOLUTION OF THE CITY OF BROWNSVILLE, TEXAS, AUTHORIZING CERTAIN ECONOMIC DEVELOPMENT INCENTIVES UNDER THE CITY’S CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM RELATED TO PROJECT SABAL; | — |
| Capital investment | $10,000,000WHEREAS, the Company has invested Ten Million Dollars ($10.000,000) in capital investment, including building construction and rehabilitation for Sabal Market Center | 4 |
| Grant or incentive | $218,000WHEREAS, the City has authorized the City Manager to incentivize the Company to make improvements to public infrastructure in the form of a reimbursement in the amount of Two Hundred Eighteen Thousand Dollars ($218,000) | 4 |
| Jobs committed | 200+ recital language, not a covenantWHEREAS, the Incentivized Project is estimated to create 200+ jobs | 1 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 120,000The project involves the renovation of approximately 120,000 square feet of building space | 30 |
| Acreage | 12that sits on approximately 12 acres. | 30 |
| Performance deadline | May 31, 2027Company's obligations to perform under this Agreement shall be completed by May 31, 2027. | 9 |
| Expiration | May 31, 2027Unless this Agreement is terminated earlier in accordance with its terms, Company's obligations to perform under this Agreement shall be completed by May 31, 2027. | 9 |
| Effective date | June 1, 20255.01 Effective Date and Term. The “Effective Date” of this Agreement is June 1, 2025. | 9 |
| Signatory | Carlos VarelaBy: Carlos Varela Its Managing Member | 13 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0011961 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.