The Abatement RegisterRichardsonAgreement 0012817
Texas Chapter 380 / 381 agreement · Richardson

Truck Yard Richardson, LLC

Agreement 0012817, filed with the Texas Comptroller by City of Richardson, Texas.

forty-eight (48) months after the Effective Dateperformance deadline
The obligation

What the contract requires.

“Completion of Construction of the Brewery has not occurred on or before forty-eight (48) months after the Effective Date”Executed agreement, p. 3
“WHEREAS, Company intends to create and maintain approximately forty (40) full-time employment positions at the Project”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“Company acknowledges that it will not be eligible for the Third Installment and will be obligated to repay to City the sum of Two Hundred Fifty Thousand and No/ 100 ($250,000.00)”Executed agreement, p. 6

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 · First Installment

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 Richardson, TexasThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Richardson, Texas (the “City”), and Truck Yard Richardson, LLC, a Texas limited liability company (“Company”)1
Contracting entityTruck Yard Richardson, LLCThis Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Richardson, Texas (the “City”), and Truck Yard Richardson, LLC, a Texas limited liability company (“Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentModernization Grant“Modernization Grant” shall mean an economic development grant in the amount of One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00), to be paid in three (3) installments as set forth herein.4
Governing chapterChapter 380, Local Government Code1 <<<PAGE 2>>> WHEREAS, City is authorized by Article IL, Section 52-a of the Texas Constitution and Texas Local Government Code Chapter 380 to provide economic development grants to promote local economic development and to stimulate business and commercial activity in City;—
Capital investmentNot stated in the agreement—
Grant or incentiveOne Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00)City agrees to provide to Company the Modernization Grant in the amount of One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00), payable in three (3) equal installments as set forth herein.5
Jobs committedforty (40) full-time employment positions recital language, not a covenantWHEREAS, Company intends to create and maintain approximately forty (40) full-time employment positions at the Project1
Wage requirementNot stated in the agreement—
Square footage6,500-square footconstruct an approximate 6,500-square foot brewery (the “Brewery”)1
Acreage1|-acreCompany owns, or is under contract to purchase, an approximately 1|-acre portion of the Restaurant Park Development property1
Performance deadlineforty-eight (48) months after the Effective DateCompletion of Construction of the Brewery has not occurred on or before forty-eight (48) months after the Effective Date3
Expirationthe tenth (10th) anniversary of date of Completion of Construction of the Brewery“Expiration Date” shall mean the tenth (10th) anniversary of date of Completion of Construction of the Brewery3
Effective datethe last date of execution hereofThis Agreement shall be effective on the last date of execution hereof (“Effective Date”)2
SignatoryJason BosoBy: Jason Boso Its Manager14
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 0012817 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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