Agreement 0012242, filed with the Texas Comptroller by City of Krum, Texas.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of Krum, TexasTHIS INCENTIVE AGREEMENT FOR NEW ECONOMIC DEVELOPMENT (this “Agreement”) is entered into by and between the City of Krum, Texas (the “City”) and KMAC Enterprises, Inc., a Missouri corporation ( “Developer’). | 1 |
| Contracting entity | KMAC Enterprises, Inc.THIS INCENTIVE AGREEMENT FOR NEW ECONOMIC DEVELOPMENT (this “Agreement”) is entered into by and between the City of Krum, Texas (the “City”) and KMAC Enterprises, Inc., a Missouri corporation ( “Developer’). | 1 |
| Parent / guarantor | nullnull | — |
| Instrument | Incentive GrantWHEREAS, as an incentive to develop the Project, the Developer has requested a partial waiver of certain development fees otherwise required to be paid to the City and a grant of funds for parking lot improvements (the “Incentive Grant”) | 1 |
| Governing chapter | Chapter 380, Local Government Codeand WHEREAS, the City is authorized to grant the Incentive Grant under Chapter 380 of the Texas Local Gov't Code; | — |
| Capital investment | $83,746.00“Incentive Grant” means 1.) a grant of $83,746.00 for water/wastewater infrastructure | 2 |
| Grant or incentive | nullnull | — |
| Jobs committed | null figure taken from a schedule, not from covenant languagenull | — |
| Wage requirement | nullnull | — |
| Square footage | 40,179 SQUARE FEETCONTAINING AN AREA OF 0,922 ACRES (40,179 SQUARE FEET) OF LAND. | 17 |
| Acreage | 0.9220 acresWHEREAS, Developer will, as of the Effective Date, own or lease real property consisting of approximately 0.9220 acres in the City of Krum, Denton County, Texas | 1 |
| Performance deadline | one (1) year after construction commencesThe Deadline for Developer to obtain a Certificate of Occupancy for the Project is one (1) year after construction commences. | 3 |
| Expiration | nullnull | — |
| Effective date | nullnull | — |
| Signatory | Jason MillerK Mac Enterprises, Inc. Attn: Jason Miller | 11 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
null
Agreement 0012242 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.