The Abatement RegisterPlanoAgreement 0012232
Texas Chapter 380 / 381 agreement · Plano

PARKER PLAZA WEST, LP

Agreement 0012232, filed with the Texas Comptroller by CITY OF PLANO, Texas.

$3,694,524.00committed capital investment
$300,000.00grant or incentive
within one year after the Commencement Dateperformance deadline
The obligation

What the contract requires.

“Construct or cause to be constructed Fagade Improvements that have a minimum cost to construct of $3,694,524.00 within one year after the Commencement Date”Executed agreement, p. 2
“constructing or causing to be constructed real property improvements that have a minimum construction cost of $3,694,524.00”Executed agreement, p. 1
The remedy

Future payments stop.

“If any Event of Default occurs prior to any Grant funds being paid to the Company by the City, then Company shall forfeit the entire Grant and the City’s obligations under this Agreement shall terminate.”Executed agreement, p. 4

This clause stops money not yet paid. It does not require what has already been received to be returned.

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 · Facade Improvements

What was abated, and for how long.

—within one year after the Commencement Date

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 PLANO, TexasThis Economic Development Incentive Agreement ("Agreement") is made by and between the CITY OF PLANO, Texas ("City"), and PARKER PLAZA WEST, LP, a Texas limited partnership ("Company")1
Contracting entityPARKER PLAZA WEST, LPThis Economic Development Incentive Agreement ("Agreement") is made by and between the CITY OF PLANO, Texas ("City"), and PARKER PLAZA WEST, LP, a Texas limited partnership ("Company")1
Parent / guarantorParker Plaza, Inc.PARKER PLAZA WEST, LP, a Texas limited partnership company by Parker Plaza, Inc., its general partner10
InstrumentEconomic Development GrantArticle IV Economic Development Grant2
Governing chapterChapter 380, Local Government CodeGov’T CODE §380.001 et seq.—
Capital investment$3,694,524.00constructing or causing to be constructed real property improvements that have a minimum construction cost of $3,694,524.001
Grant or incentive$300,000.00The City agrees to provide the Company a cash grant of up to Three Hundred Thousand dollars ($300,000.00) ("Grant")2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage101,797 square footCompany owns a 101,797 square foot retail shopping center1
AcreageNot stated in the agreement—
Performance deadlinewithin one year after the Commencement DateConstruct or cause to be constructed Fagade Improvements that have a minimum cost to construct of $3,694,524.00 within one year after the Commencement Date2
Expirationtwo (2) years thereafterThe term of this Agreement shall begin on the Commencement Date and continue for two (2) years thereafter, unless sooner terminated as provided herein ("Term.")2
Effective datethe last date on which all parties have executed this AgreementThis Agreement shall be effective upon the last date on which all parties have executed this Agreement.10
SignatoryWilliam J. HarkinsonWilliam J. Harkinson, Director10
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 0012232 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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