JLS RESTAURANTS LLC

Agreement 0013279, filed with the Texas Comptroller by REINVESTMENT ZONE NO. 1, CITY OF NASSAU BAY, TEXAS.

$500,000committed capital investment

$500,000grant or incentive

three years after the effective date of this Agreementperformance deadline

The obligation

What the contract requires.

“It shall be a default hereunder if JLS fails to complete the required Luby’s Site renovations and improvements within three years after the effective date of this Agreement”Executed agreement, p. 3

“an economic incentive payment of $500,000, payable within thirty (30) calendar days of receipt of an executed Purchase and Sale agreement for the Luby’s Site.”Executed agreement, p. 2

The repayment remedy

What happens if it is not met.

“In the event that JLS fails to satisfy its obligation to cause the continuous Operation of the New Restaurant for a period of seven (7) years as outlined in Paragraph A above, following thirty (30) days’ notice and opportunity to cure, JLS shall repay to the TIRZ all amounts previously paid to it by the TIRZ within thirty (30) days.”Executed agreement, p. 3

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	REINVESTMENT ZONE NO. 1, CITY OF NASSAU BAY, TEXASREINVESTMENT ZONE NO. 1, CITY OF NASSAU BAY, TEXAS (the “TIRZ”), a tax increment reinvestment zone established by the City of Nassau Bay, Texas	1
Contracting entity	JLS RESTAURANTS LLCJLS Restaurants LLC (“JLS”), a Texas nonprofit corporation.	1
Parent / guarantor	Not stated in the agreement	—
Instrument	economic development grantthe Plan establishes an economic development grant program	1
Governing chapter	Not stated in the agreement	—
Capital investment	$500,000an economic incentive payment of $500,000, payable within thirty (30) calendar days of receipt of an executed Purchase and Sale agreement for the Luby’s Site.	2
Grant or incentive	$500,000the TIRZ’s total financial commitment during the term of this Agreement shall not exceed $500,000.00 in the aggregate.	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	three years after the effective date of this AgreementIt shall be a default hereunder if JLS fails to complete the required Luby’s Site renovations and improvements within three years after the effective date of this Agreement	3
Expiration	Not stated in the agreement	—
Effective date	Not stated in the agreement	—
Signatory	Not stated in the agreement	—
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 0013279 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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