The Abatement RegisterLa MarqueAgreement 0012414
Texas Chapter 380 / 381 agreement · La Marque

MS SHOPS AT LA MARQUE, LLC

Agreement 0012414, filed with the Texas Comptroller by CITY OF LA MARQUE, TEXAS.

$5,000,000.00committed capital investment
$5,000,000.00grant or incentive
70%of $500,000.00 each abated
The obligation

What the contract requires.

“the documented and verified cost of the Project Improvements on the Property in a combined total amount not to exceed $5,000,000.00”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“the Developer shall repay the amount of the Reimbursement Amount and any other funds received by the Developer from the Taxing Entities under this Agreement, plus interest at the annual interest rate of 6% from the date of violation until paid”Executed agreement, p. 9

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 · $500,000.00 each

What was abated, and for how long.

—two (2) annual
70%Thirteen (13) months from the Reimbursement 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 LA MARQUE, TEXASCITY OF LA MARQUE, TEXAS, a Texas home-rule municipal corporation (“City”);1
Contracting entityMS SHOPS AT LA MARQUE, LLCMS SHOPS AT LA MARQUE, LLC, a Texas limited liability company (“Developer”)1
Parent / guarantorMS Retail DP, LLCBy: MS Retail DP, LLC, its M12
Instrumenteconomic development grantDeveloper Reimbursement_and Economic Development Grant3
Governing chapterChapter 380, Local Government Codeand WHEREAS, in accordance with Article III, Section 52-a, Texas Constitution, and Chapter 380, Texas Local Gov't Code, the City may establish and provide for the administration of a program for making loans and grants of public money to promote state or local economic development and to stimulate business and commercial activity in the municipality;—
Capital investment$5,000,000.00the documented and verified cost of the Project Improvements on the Property in a combined total amount not to exceed $5,000,000.003
Grant or incentive$5,000,000.00the documented and verified cost of the Project Improvements on the Property in a combined total amount not to exceed $5,000,000.003
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage16.95 acresa certain tract of land totaling approximately 16.95 acres within the corporate limits of the City1
Performance deadlineNot stated in the agreement—
Expiration10 years from the Reimbursement Commencement DateThis Agreement will remain in force and effect until the date the Reimbursement Amount is paid in full or 10 years from the Reimbursement Commencement Date10
Effective dateAugust, 2025is entered into on this_7+h_ day of August, 2025 (the “Effective Date”).1
SignatoryAnderson SmithBy: Anderson Smith, Manager12
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 0012414 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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