The Abatement RegisterRound RockAgreement 0012555
Texas Chapter 380 / 381 agreement · Round Rock

RRTX Lake Creek Hotel, L.P.

Agreement 0012555, filed with the Texas Comptroller by City of Round Rock, Texas.

$2,650,000.00committed capital investment
25permanent jobs committed
75%of HOT Tax abated
December 31, 2027performance deadline
The obligation

What the contract requires.

“LCH agrees to spend a cumulative total of at least $2,650,000.00 in improvements to the Property no later than December 31, 2027.”Executed agreement, p. 3
“LCH agrees to employ in the Hotel/Event Center at least 25 full-time employees and/or FTE’s and to retain said employees and/or FTE’s (or their replacements) for the full term of this Agreement.”Executed agreement, p. 3
“LCH agrees to spend a cumulative total of at least $2,650,000.00 in improvements to the Property no later than December 31, 2027.”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

““Recapture Liability” means the total amount of all EIP’s that are paid as a result of this Agreement that are subject to recapture by the City from LCH in the event of a LCH default.”Executed agreement, p. 2

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 · HOT Tax · p. 5

What was abated, and for how long.

75%2024
75%2025
75%2026
75%2027
75%2028
75%2029

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 Round Rock, TexasThis Economic Development Program Agreement (“Agreement”) is entered into this 7° th day of March, 2025, by and between the City of Round Rock, Texas, a Texas home rule municipal corporation (“City”), and RRTX Lake Creek Hotel, L.P., a Texas limited partnership (“LCH”).1
Contracting entityRRTX Lake Creek Hotel, L.P.This Economic Development Program Agreement (“Agreement”) is entered into this 7° th day of March, 2025, by and between the City of Round Rock, Texas, a Texas home rule municipal corporation (“City”), and RRTX Lake Creek Hotel, L.P., a Texas limited partnership (“LCH”).1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Program AgreementThis Economic Development Program Agreement (“Agreement”) is entered into this 7° th day of March, 2025, by and between the City of Round Rock, Texas, a Texas home rule municipal corporation (“City”), and RRTX Lake Creek Hotel, L.P., a Texas limited partnership (“LCH”).1
Governing chapterChapter 380, Local Government Codeand WHEREAS, the purpose of this Agreement is to promote tourism and the convention and hotel industry as contemplated by Chapter 351 of the Texas Tax Code, and to promote economic development as contemplated by Chapter 380 of the Texas Local Government Code whereby LCH intends to develop and operate the Project in conformance with the City’s development approvals for the Project, and;—
Capital investment$2,650,000.00LCH agrees to spend a cumulative total of at least $2,650,000.00 in improvements to the Property no later than December 31, 2027.3
Grant or incentiveNot stated in the agreement—
Jobs committed25LCH agrees to employ in the Hotel/Event Center at least 25 full-time employees and/or FTE’s and to retain said employees and/or FTE’s (or their replacements) for the full term of this Agreement.3
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage1.028 acres“Property” means approximately 1.028 acres of land more particularly described in Exhibit C.2
Performance deadlineDecember 31, 2027LCH agrees to spend a cumulative total of at least $2,650,000.00 in improvements to the Property no later than December 31, 2027.3
ExpirationDecember 31, 2029This Agreement shall terminate on the 31° day of December 2029.2
Effective dateMarch 31, 2025EXECUTED to be effective as of the 3! day of March, 2025 (the “Effective Date’’).9
SignatoryBree CarricoBREE CARRICO PRESIDENT42
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 0012555 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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