Agreement 0012375, filed with the Texas Comptroller by City of Grapevine, Texas.
Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.
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 Grapevine, TexasThis Economic Development Agreement (this “Agreement’’) is made by and between the City of Grapevine, Texas (the “City”), and Grapevine Equity Partners, LLC. | 1 |
| Contracting entity | Grapevine Equity Partners, LLC.This Economic Development Agreement (this “Agreement’’) is made by and between the City of Grapevine, Texas (the “City”), and Grapevine Equity Partners, LLC. | 1 |
| Parent / guarantor | NewcrestImage, LLCAttn: Mehul Patel Grapevine Equity Partners, LLC c/o NewcrestImage, LLC | 7 |
| Instrument | Economic Development AgreementThis Economic Development Agreement (this “Agreement’’) is made by and between the City of Grapevine, Texas | 1 |
| Governing chapter | Chapter 380, Local Government Codeand WHEREAS, the City is authorized by TEXAS LOCAL GOVERNMENT CODE §380.001 to provide economic development grants to Developer to promote local economic development and to stimulate business and commercial activity in the City; | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $13.6 millionThe total cumulative amount of Grants provided hereunder shall not exceed $13.6 million. | 4 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 55,000 square feet55,000 square feet of new office space | 1 |
| Acreage | fifty-two (52) acresThe Project will be placed on approximately fifty-two (52) acres of property | 1 |
| Performance deadline | December 30, 2023complete and open the Project no later than December 30, 2023 | 3 |
| Expiration | Not stated in the agreement | — |
| Effective date | February 7, 2018“Effective Date” shall mean February 7, 2018. | 2 |
| Signatory | Mehul PatelMehul Patel, Managing Partner | 15 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0012375 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.