Agreement 0012784, filed with the Texas Comptroller by City of Plano, Texas.
The dated sentence above defines a term used elsewhere in the contract. It is recorded here as a definition, not as a performance obligation.
The remedy here is discretionary — the clause says it may be applied, not that it must be.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | City of Plano, Texasthe City of Plano, Texas, a home-rule municipal corporation (the “City”) | 1 |
| Contracting entity | Kintetsu Enterprises Company of America dba Miyako HotelKintetsu Enterprises Company of America dba Miyako Hotel, a California corporation (“Company”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Tax RebateECONOMIC DEVELOPMENT INCENTIVE AGREEMENT TAX REBATE | 1 |
| Governing chapter | Chapter 380, Local Government CodeGOV’T CODE §380.001 ef seq. | — |
| Capital investment | $75,000,000.00Real Property Improvements that have a minimum Fair Market Value of $75,000,000.00 | 1 |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 215,000construct and Occupy a minimum 215,000 square-foot hotel | 1 |
| Acreage | 3.100 acrescontaining a computed area of 135,024 square feet or 3.100 acres of land. | 11 |
| Performance deadline | December 31, 2027 defined term, not a covenantCommencement Date’ shall mean December 31, 2027. | 2 |
| Expiration | December 31, 2037The tax rebate as described in Article IV shall be for a period of ten (10) years, from January 1, 2028, unti] December 31, 2037. | 2 |
| Effective date | Not stated in the agreement | — |
| Signatory | Ryo YamadaRyo Yamada, Vice President | 9 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0012784 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.
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.