The Abatement RegisterIrvingAgreement 0012387
Texas Chapter 380 / 381 agreement · Irving

Village at VR LLC

Agreement 0012387, filed with the Texas Comptroller by City of Irving.

$1,200,000committed capital investment
$300,000grant or incentive
May 31, 2026performance deadline
The obligation

What the contract requires.

“Design and construct the Improvements no later than May 31, 2026.”Executed agreement, p. 6
“Expend or caused to be expended a minimum of $1,200,000 in Capital Investment towards the Improvements at the Property”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“Company shall be in breach of the Agreement and shall repay to the City all Grant payments made by the City to Company under this Agreement”Executed agreement, p. 11

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 · Minimum Threshold Eligibility Requirements

What was abated, and for how long.

—Initial Payment
—six months after Initial Payment
—one year after Initial Payment

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 Irvingby and between the City of Irving, Texas (“City”)4
Contracting entityVillage at VR LLCbetween Village at VR LLC, a Texas Limited Liability Company (“Owner” or “Company”)4
Parent / guarantor3 Property Portfolio Manager LLCBy: 3 Property Portfolio Manager LLC a Texas limited liability company, its Manager15
InstrumentEconomic Incentive AgreementThis Economic —— Agreement (“Agreement”)4
Governing chapterChapter 380, Local Government CodeRES-2025-214 WHEREAS, pursuant to Chapter 380 of the Texas Local Government Code, the City Council has adopted a program for granting public funds to promote local economic development, and stimulate business and commercial activity in the City of Irving;—
Capital investment$1,200,000Expend or caused to be expended a minimum of $1,200,000 in Capital Investment towards the Improvements at the Property6
Grant or incentive$300,000an Amount Not to Exceed $300,000 for the Property Located at 9400-9462 N. MacArthur Boulevard1
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage3.1519 acres“Property” means real property of approximately 3.1519 acres, more or less5
Performance deadlineMay 31, 2026Design and construct the Improvements no later than May 31, 2026.6
Expirationfive years after completion of the ImprovementsThis Agreement shall be effective as of the Effective Date and shall remain in full force and effect for five years after completion of the Improvements.9
Effective dateJuly 31, 2025PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF IRVING, TEXAS, on July 31, 2025.3
SignatoryDan AvneryBy: Dan Avnery Title: Manager15
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 0012387 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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