The Abatement RegisterKennedaleAgreement 0012729
Texas Chapter 380 / 381 agreement · Kennedale

MKP Development, LLC

Agreement 0012729, filed with the Texas Comptroller by Kennedale Economic Development Corporation.

The obligation

What the contract requires.

“WHEREAS, it is expected that 4 New Jobs, as defined herein, will be created at the Facility”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“The Company further agrees to refund or repay to the EDC the entire amount of the note for the purchase of the Property if the Company: (i) fails to meet the Performance Obligations required by this Agreement; or (ii) otherwise fails to comply with the terms and conditions of this Agreement.”Executed agreement, p. 5

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.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyKennedale Economic Development CorporationThis Performance Agreement is entered into by and between the Kennedale Economic Development Corporation (the "EDC")1
Contracting entityMKP Development, LLCThis Performance Agreement is entered into by and between the Kennedale Economic Development Corporation (the "EDC") and MKP Development, LLC (the “Company”).1
Parent / guarantorNot stated in the agreement—
InstrumentPerformance AgreementMKP, LLC DEVELOPMENT PERFORMANCE AGREEMENT1
Governing chapterNot stated in the agreement—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committed4 recital language, not a covenantWHEREAS, it is expected that 4 New Jobs, as defined herein, will be created at the Facility2
Wage requirement$36,000WHEREAS, it is expected that 4 New Jobs, as defined herein, will be created at the Facility, with an average annual income of $36,000 (the “Target’’);2
Square footage15,000WHEREAS, Company intends to develop the Property in multiple phases for a commercial retail project of approximately 15,000 square feet of retail space1
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationNot stated in the agreement—
Effective datejars) -902.5Date: jars) -902.511
SignatoryAdlai PenningtonMKP Development LLC B IV Ad f “ee Managing a \o : 20 (2 1511
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 0012729 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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