Agreement 0012504, filed with the Texas Comptroller by CITY OF MAGNOLIA, TEXAS.
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.
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 MAGNOLIA, TEXASCITY OF MAGNOLIA, TEXAS, a Texas Type A general law municipality (the “City”). | 1 |
| Contracting entity | BCS MAGNOLIA PLACE, LLCBCS MAGNOLIA PLACE, LLC, a Texas limited liability company (“BCS Magnolia”) | 1 |
| Parent / guarantor | BCS Capital Management LLCBy: BCS Capital Management LLC, a Texas limited liability company, its Manager | 10 |
| Instrument | Economic Development AgreementThis Chapter 380 Economic Development Agreement (the “ Agreement’) | 1 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT (MAGNOLIA PLACE) This Chapter 380 Economic Development Agreement (the “ Agreement’) is made and entered into by and between BCS MAGNOLIA PLACE, LLC, a Texas limited liability company (“BCS Magnolia”), and the CITY OF MAGNOLIA, TEXAS, a Texas Type A general law municipality (the “City”). | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $3,200,000.00be obligated to make any payments to BCS Magnolia exceeding $3,200,000.00 in total (the “Maximum Payment Amount”). | 4 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 100,000 square feetBCS Magnolia shall be obligated to provide at least 100,000 square feet of space within the Property to be utilized as a Home Depot retail store | 2 |
| Acreage | 28-acreBCS Magnolia intends to develop an approximately 28-acre tract of mixed-use land | 1 |
| Performance deadline | April 1, 2026BCS Magnolia shall deliver to the City before April 1 of each year, beginning on April 1, 2026, during the term of this Agreement, a Certificate of Compliance | 2 |
| Expiration | Not stated in the agreement | — |
| Effective date | September 9 2025effective as of the Effective Date September 9 2025, | 9 |
| Signatory | Abet QrirerName: abet Qrirer | 10 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0012504 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.