The Abatement RegisterSan MarcosAgreement 0012441
Texas Chapter 380 / 381 agreement · San Marcos

Midway Development Group, LLC

Agreement 0012441, filed with the Texas Comptroller by City of San Marcos.

25–95%of Sales Tax Revenue and Hotel Tax Revenue abated
not being later than December 31, 2026performance deadline
The obligation

What the contract requires.

“with such date not being later than December 31, 2026”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“If the Developer causes a Tax Status Change, then it will repay to the City the Chapter 380 Payments provided to the Developer up to the date of termination”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 · Sales Tax Revenue and Hotel Tax Revenue · p. 7

What was abated, and for how long.

95%beginning in the year 2029, and for each year thereafter, until and including the year 2045
95%RevPar <$225
75%RevPar $225-$250
50%RevPar $250-$275
25%RevPar >$275

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 San MarcosCity of San Marcos, a State of Texas home rule municipal corporation (the “City”)1
Contracting entityMidway Development Group, LLCMidway Development Group, LLC, a State of Texas limited liability company (the “Developer”)1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Incentive AgreementThis Chapter 380 Economic Development Incentive Agreement (this “Agreement”’)1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This Chapter 380 Economic Development Incentive Agreement (this “Agreement”’) is made by and between the City of San Marcos, a State of Texas home rule municipal corporation (the “City”), and Midway Development Group, LLC, a State of Texas limited liability company (the “Developer”) (with the City and the Developer each being a “Par—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirement$18.00 per hourprovide a minimum wage of $18.00 per hour for its employees in positions not receiving tips6
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlinenot being later than December 31, 2026with such date not being later than December 31, 20262
Expirationfifteenth (15) anniversary of the completion of constructionThe “Term” of this Agreement shall commence on the Effective Date and end on the fifteenth (15) anniversary of the completion of construction5
Effective dateNot stated in the agreement—
SignatoryClayton FreelsClayton Freels, Executive Vice President21
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 0012441 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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