The Abatement RegisterAbileneAgreement 0012193
Texas Chapter 380 / 381 agreement · Abilene

Thornton Custom Homes

Agreement 0012193, filed with the Texas Comptroller by CITY OF ABILENE, TEXAS.

5–15%of total interim financing needed for the single-family construction abated
eighteen months from the Effective Dateperformance deadline
The obligation

What the contract requires.

“eighteen months from the Effective Date ("Term").”Executed agreement, p. 3
Abatement schedule · total interim financing needed for the single-family construction · p. 3

What was abated, and for how long.

ten (10%) percentclosing of the interim construction financing
five (5%) percentclosing of the final buyer
fifteen (15%) percentclosing of the final buyer

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 ABILENE, TEXASCITY OF ABILENE, TEXAS, a home rule city and municipal corporation2
Contracting entityThornton Custom HomesThornton Custom Homes ("Developer")2
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development AgreementThis Economic Development Agreement ("Agreement")2
Governing chapterChapter 380, Local Government Code57-2025 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ABILENE, TEXAS, APPROVING CHAPTER 380 AGREEMENTS BETWEEN THE CITY OF ABILENE AND THORNTON CUSTOM HOMES REGARDING 5425 N 10™ St.—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineeighteen months from the Effective Dateeighteen months from the Effective Date ("Term").3
ExpirationnullThis Agreement shall remain in full force and effect until the earlier of: (A) each party hereto has completed their respective obligations hereunder; or (B) eighteen months from the Effective Date ("Term").3
Effective dateMarch 27, 2025This Economic Development Agreement ("Agreement") is effective as of the 27th day of March , 20252
SignatoryTrey ThorntonName (printed): __ Trey Thornton8
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 0012193 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]