The Abatement RegisterRichardsonAgreement 0012611
Texas Chapter 380 / 381 agreement · Richardson

American Real Property Investments LLC

Agreement 0012611, filed with the Texas Comptroller by City of Richardson, Texas.

$20,000.00committed capital investment
twenty-four (24) calendar months after the City approvalperformance deadline
The obligation

What the contract requires.

“Completion of Construction of the Approved Project to occur on or before twenty-four (24) calendar months after the City approval”Executed agreement, p. 4
“The construction costs incurred and paid by the Property Owner for the Approved Project shall be at least $20,000.00”Executed agreement, p. 4
The repayment remedy

What happens if it is not met.

“the obligation of the Property Owner to repay the Incentive pursuant to Section 5.2 hereof”Executed agreement, p. 3

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 · increase in property taxes

What was abated, and for how long.

—first tax year following the date of Completion of Construction

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, Texasbetween the City of Richardson, Texas (the “City’”)1
Contracting entityAmerican Real Property Investments LLCAmerican Real Property Investments LLC, a Texas limited liability company (“Property Owner’)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development IncentiveArticle Il Economic Development Incentive3
Governing chapterChapter 380, Local Government Codeand WHEREAS, Texas Local Government Code Chapter 380 allows the City to provide incentives for the promotion of economic development;—
Capital investment$20,000.00The construction costs incurred and paid by the Property Owner for the Approved Project shall be at least $20,000.004
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlinetwenty-four (24) calendar months after the City approvalCompletion of Construction of the Approved Project to occur on or before twenty-four (24) calendar months after the City approval4
Expirationtwo (2) years from the Effective Date“Expiration Date” shall mean two (2) years from the Effective Date.2
Effective dateSeptember 17, 2025EXECUTED on this_|7 day of Septem her _, 2025.7
SignatoryKyle KarkerAttn: Kyle Karker, Director5
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 0012611 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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