The Abatement RegisterBudaAgreement 0013344
Texas Chapter 380 / 381 agreement · Buda

108 N MAIN, LLC

Agreement 0013344, filed with the Texas Comptroller by City of Buda, Texas.

$1,500,000.00committed capital investment
$270,000grant or incentive
75%of Annual Sales Tax Collections abated
May 31, 2027performance deadline
The obligation

What the contract requires.

“Company shall complete the Required Improvements and shall obtain its final Certificate of Occupancy for the Project and be open for business on or before May 31, 2027”Executed agreement, p. 7
“Company has agreed to make a capital investment in the Project of at least One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00)”Executed agreement, p. 3
The repayment remedy

What happens if it is not met.

“the City’s and BEDC’s tender of the economic incentives contemplated by this Agreement is contingent upon the Company agreeing to repay, in full, the economic incentive the Company receives from the City and BEDC pursuant to the terms hereunder in the event of the Company’s uncured breach of its obligations hereunder”Executed agreement, p. 4

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 · Annual Sales Tax Collections · p. 9

What was abated, and for how long.

75%4 years

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 Buda, TexasThis Chapter 380 Economic Development and Performance Agreement (“Agreement”) by and between the City of Buda, Texas2
Contracting entity108 N MAIN, LLC108 N MAIN, LLC a Texas limited liability corporation and Matt Carver, individually, (collectively ‘ Company”)2
Parent / guarantorMatt Carver108 N MAIN, LLC a Texas limited liability corporation and Matt Carver, individually, (collectively ‘ Company”)2
InstrumentChapter 380 Economic Development and Performance AgreementThis Chapter 380 Economic Development and Performance Agreement (“Agreement”)2
Governing chapterChapter 380, Local Government CodeContract Information Vendor Name 108 N MAIN LLC/MATHEW CARVER Requisition/PO#: CHAPTER 380) _1_ Ist Qaida b Qed | Compivla > ———E_=__ Purpose 0 Additional info.—
Capital investment$1,500,000.00Company has agreed to make a capital investment in the Project of at least One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00)3
Grant or incentive$270,000Amount up to $270,000 if yes, account#: na1
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage7,275 SQ FTHCAD legal description of ORIGINAL TOWN OF BUDA LOT PT OF 4-5 BLK 4 7,275 SQ FT GEO#906125603
AcreageNot stated in the agreement—
Performance deadlineMay 31, 2027Company shall complete the Required Improvements and shall obtain its final Certificate of Occupancy for the Project and be open for business on or before May 31, 20277
ExpirationMay 31, 2032shall terminate on the fifth (Sth) anniversary of the issuance of the final certificate of occupancy issued to Company from the City of Buda6
Effective dateJanuary 23, 2023Date: /-Z 3- 2620
SignatoryMatthew CarverMatthew Carver, in his official capacity as a member for 108 N Main, LLC and in his individual capacity19
Chain statusSuperseded by agreement 0013363—
Parcels · p. 3
R22304
How to check this page

Every line above is in the contract.

Agreement 0013344 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.

[email protected]