Agreement 0013265, filed with the Texas Comptroller by CITY OF GRANBURY.
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 GRANBURYThis Development Agreement (“Agreement”) is entered into by and between the City of Granbury, Texas (“City”), and Granbury Hangars, LLC | 2 |
| Contracting entity | Granbury Hangars, LLCThis Development Agreement (“Agreement”) is entered into by and between the City of Granbury, Texas (“City”), and Granbury Hangars, LLC | 2 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 380 Economic Development and Reimbursement AgreementCHAPTER 380 ECONOMIC DEVELOPMENT AND REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF GRANBURY, TEXAS AND GRANBURY HANGARS, LLC | 2 |
| Governing chapter | Chapter 380, Local Government CodeLeftwich County Clerk Hood County, Texas Return To: In Office CITY OF GRANBURY <<<PAGE 2>>> CHAPTER 380 ECONOMIC DEVELOPMENT AND REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF GRANBURY, TEXAS AND GRANBURY HANGARS, LLC This Development Agreement (“Agreement”) is entered into by and between the City of Granbury, Texas (“City”), and Granbury Hangars, LLC, a Texas limited liability company (“Developer”), | — |
| Capital investment | $40,000,000The Developer shall commit to invest not less than Forty Million Dollars ($40,000,000) in Project improvements to the Property. | 3 |
| Grant or incentive | $1,136,034.20The increment of new ad valorem real property tax revenues collected annually by the City exclusively on the Property described in Exhibit A and located within TIRZ #1 not to exceed $1,136,034.20 over the term of the Agreement. | 3 |
| Jobs committed | 20shall create at least 20 permanent full-time jobs within five (5) years of the commencement of the Project | 4 |
| Wage requirement | $70,000with an average wage of at least $70,000 per year. | 4 |
| Square footage | 653,400The City of Granbury has agreed to lease approximately 15 acres (653,400) square feet of land at Granbury Regional Airport | 12 |
| Acreage | 32the Developer is leasing approximately thirty two (32) acres of tax exempt real property owned by the City of Granbury | 2 |
| Performance deadline | December 31, 2035Completion of all planned construction on the two leased tracts by December 31, 2035 | 4 |
| Expiration | December 31, 2037The reimbursement term begins January 1, 2027, and will terminate December 31, 2037 (the “Term”’). | 3 |
| Effective date | October 76, 2025IN WITHNESS WHEREOF, the Parties have executed this Chapter 380 Economic Development and Reimbursement Agreement effective as of the 76 day of October 2025. | 7 |
| Signatory | Lincoln Cliftonby Lincoln Clifton, President of Granbury Hangars, LLC. | 7 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013265 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.