LATA Development LLC

Agreement 0013229, filed with the Texas Comptroller by CITY OF GRANBURY.

$5,000,000committed capital investment

Seventy-two (72) monthsperformance deadline

The obligation

What the contract requires.

“Developer shall complete the LATA Development infrastructure, build-ready lots and have completed construction of Eighty percent (80%) of all Vacant Lots within Seventy-two (72) months of approval of the LATA Final Plat.”Executed agreement, p. 5

“$5,000,000 (Five Million Dollars).”Executed agreement, p. 18

The repayment remedy

What happens if it is not met.

“Should LATA not be completed in the Seventy-two (72) months as set out in this subsection (e), Developer shall refund to the City any funds received by developer a prorated amount based upon the percentage of completion and up to the full Five Million and No/100 Dollars ($5,000,000.00)”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.

Field	Value & quoted source	Page
Granting body	CITY OF GRANBURYGrantor: CITY OF GRANBURY	1
Contracting entity	LATA Development LLCLATA Development LLC (“LATA”), acting by and through Donny Couto, its member/manager.	2
Parent / guarantor	Not stated in the agreement	—
Instrument	CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENTCHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF GRANBURY AND LATA DEVELOPMENT, LLC	2
Governing chapter	Chapter 380, Local Government CodeLeftwich County Clerk Hood County, Texas CITY OF GRANBURY <<<PAGE 2>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF GRANBURY AND LATA DEVELOPMENT, LLC This Economic Development Incentive Agreement (“Agreement”) is made by and between the City of Granbury, Texas (the “City”’), a home rule municipality located in Hood County, Texas, acting by and through its duly authorized City Ma	—
Capital investment	$5,000,000$5,000,000 (Five Million Dollars).	18
Grant or incentive	Five Million and no/100 Dollars ($5,000,000.00)The City shall escrow, grant, and pay to LATA the total value of Five Million and no/100 Dollars ($5,000,000.00)	6
Jobs committed	Not stated in the agreement	—
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	Not stated in the agreement	—
Performance deadline	Seventy-two (72) monthsDeveloper shall complete the LATA Development infrastructure, build-ready lots and have completed construction of Eighty percent (80%) of all Vacant Lots within Seventy-two (72) months of approval of the LATA Final Plat.	5
Expiration	Not stated in the agreement	—
Effective date	12/08/2025Recorded On: 12/08/2025 11:18 AM	1
Signatory	Donny CoutoBy: Dénny Couto	10
Chain status	Terminal 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 0013229 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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