The Abatement RegisterRichardsonAgreement 0012571
Texas Chapter 380 / 381 agreement · Richardson

Legacy/ Collier Residential LLC

Agreement 0012571, filed with the Texas Comptroller by City of Richardson, Texas.

$6,500,000.00grant or incentive
50%of ad valorem taxes assessed by City against the Improvements abated
September 30, 2029performance deadline
The obligation

What the contract requires.

“Completion of Construction of the Improvements to occur on or before September 30, 2029.”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“Company shall immediately repay to City an amount equal to the Grants paid by City to Company preceding the date of such termination, plus interest”Executed agreement, p. 14

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 · ad valorem taxes assessed by City against the Improvements · p. 7

What was abated, and for how long.

50%15

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 Richardson, TexasThis TIF Zone No. 1 Economic Development Incentive and Chapter 380 Agreement (“Agreement”) is made by and among the City of Richardson, Texas (the “City’’)1
Contracting entityLegacy/ Collier Residential LLCLegacy/ Collier Residential LLC, a Delaware limited liability company (“Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentTIF Zone No. 1 Economic Development Incentive and Chapter 380 AgreementThis TIF Zone No. 1 Economic Development Incentive and Chapter 380 Agreement1
Governing chapterChapter 380, Local Government Code1 § ECONOMIC DEVELOPMENT INCENTIVE COUNTY OF DALLAS” § AND CHAPTER 380 AGREEMENT This TIF Zone No.—
Capital investmentNot stated in the agreement—
Grant or incentive$6,500,000.00“Development Grant” shall mean an economic development grant in the amount of Six Million Five Hundred Thousand and No/100 Dollars ($6,500,000.00)5
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage620,000develop the Land for a Class A++ high density apartment home luxury multifamily community consisting of one or more buildings containing approximately 620,000 square feet of space1
AcreageNot stated in the agreement—
Performance deadlineSeptember 30, 2029Completion of Construction of the Improvements to occur on or before September 30, 2029.8
ExpirationNot stated in the agreement—
Effective date2025EXECUTED on this 5M day of May 2025.21
SignatoryMatthew D. BrendelMatthew D. Brendel Executive Managing Director21
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 0012571 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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