The Abatement RegisterRichardsonAgreement 0012572
Texas Chapter 380 / 381 agreement · Richardson

High Street DFW Development, Inc.

Agreement 0012572, filed with the Texas Comptroller by City of Richardson.

Completion of Construction to occur on or before July 10, 2028performance deadline
The obligation

What the contract requires.

“Completion of Construction to occur on or before July 10, 2028”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“5.2 Repayment. In the event the Agreement is terminated by City pursuant to Section 5.1 (b), (c), (d), (e), or (f), Developer shall immediately repay to City an amount equal to the Development Grant paid by City to Developer preceding the date of such termination”Executed agreement, p. 13

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 · Three Million Five Hundred Thousand No/100 Dollars ($3,500,000.00)

What was abated, and for how long.

—First Installment
—Second Installment
—Third Installment

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 RichardsonCity of Richardson, a Texas municipal corporation (“City”)1
Contracting entityHigh Street DFW Development, Inc.High Street DFW Development, Inc., a Delaware corporation (“Developer”)1
Parent / guarantorNot stated in the agreement—
InstrumentDevelopment Grant“Development Grant” shall mean an economic development grant5
Governing chapterNot stated in the agreement—
Capital investmentNot stated in the agreement—
Grant or incentiveTen Million Six Hundred Thousand and No/100 Dollars ($10,6000,00.00)“Development Grant” shall mean an economic development grant in the amount of Ten Million Six Hundred Thousand and No/100 Dollars ($10,6000,00.00)5
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageapproximately 279 units“Improvements” shall mean the construction of a four-story multi-family building containing approximately 279 units6
AcreageNot stated in the agreement—
Performance deadlineCompletion of Construction to occur on or before July 10, 2028Completion of Construction to occur on or before July 10, 20288
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryJoel BehrensJoel Behrens, as Senior Vice President of High Street DFW Development, Inc.22
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 26

The Project includes design, construction, and installation of the following improvements in accordance of plans approved by City: * The reconstruction of two travel lanes as well as the addition of bike lanes, on-street parking, landscape amenity improvements and new sidewalks along the north and south side of Polk Street from Interurban Street to S. Greenville Avenue. Additionally, water, sewer and drainage infrastructure will be replaced, and franchise utilities will be relocated underground in this corridor. * On E. Kaufman Street from S. Texas Street to Greenville Avenue, on-street parking, drainage infrastructure, landscape amenity improvements and a sidewalk will be added. * On S. Texas Street from Polk Street to E. Kaufman Street, on-street parking, drainage infrastructure, landscape amenity improvements and a sidewalk will be added. * On S. Greenville Avenue from Polk Street to

How to check this page

Every line above is in the contract.

Agreement 0012572 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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