Agreement 0012842, filed with the Texas Comptroller by City of Baytown, 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.
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 Baytown, TexasRTG Furniture of Texas, L.P., & Delaware limited partnership (the “Company” or “RTG”), and the City of Baytown, Texas (the “City” or “Grantor”). | 1 |
| Contracting entity | RTG Furniture of Texas, L.P.RTG Furniture of Texas, L.P., & Delaware limited partnership (the “Company” or “RTG”) | 1 |
| Parent / guarantor | Logan Baytown Properties LLCCertain obligations of the Company under this Agreement, including the acquisition of the Property and the construction of the Facility, may be performed by an affiliate of the Company - Logan Baytown Properties LLC, a Delaware limited liability company (“Logan”) | 1 |
| Instrument | rebateOperational Phase Rebate. Following the Commercial Operations Date, the Company shall be eligible for a rebate equal to 75% of the City’s 1% local sales tax collected from the Company's operations | 4 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF BAYTOWN, TEXAS AND RTG This Chapter 380 Economic Development Agreement (“Agreement”) is made and entered into as ofl , 2025 (the “Effective Date”) by and between RTG Furniture of Texas, L.P., & Delaware limited partnership (the “Company” or “RTG”), and the City of Baytown, Texas (the “City” or “Grantor”). | — |
| Capital investment | $8,000,000.00Investment_in_the Facility. Company must spend a minimum of $8,000,000.00 in connection with the redevelopment of the Property and the construction of the Facility | 2 |
| Grant or incentive | $1,000,000subject to a total cap of $1,000,000 over ten (10) Tax Years | 4 |
| Jobs committed | 17Company must create and retain a minimum of seventeen (17) additional full-time equivalent (FTE) employment positions | 2 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 45,000 square footThe Company will construct a 45,000 square foot Facility in accordance with all applicable requirements, laws, rules, regulations, and ordinances. | 1 |
| Acreage | Not stated in the agreement | — |
| Performance deadline | December 31, 2028 defined term, not a covenantCommercial Operations Date” means the date Company receives it certificate of occupancy from the City of Baytown, Texas or opens for business to the public, whichever occurs later, but in no event shall be later than the second (2"4) anniversary of Commencement of Construction [non-binding anticipated commercial operations date: on or before December 31. 2028]. | 2 |
| Expiration | 10 full calendar years following the Commercial Operations DateTerm. The term of this Agreement will begin on the Effective Date and continue for ten (10) full calendar years following the Commercial Operations Date | 5 |
| Effective date | 2025This Chapter 380 Economic Development Agreement (“Agreement”) is made and entered into as ofl , 2025 (the “Effective Date”) | 1 |
| Signatory | Peter WeitznerBy: ae 20 = By: On Peter Weitzner/ dason-Reynelds BYAKs ary, Vice President! ‘Cityvtamger Assistant city Manager | 10 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0012842 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.