The Abatement RegisterEl PasoAgreement 0013359
Texas Chapter 380 / 381 agreement · El Paso

Popular Building El Paso LLC

Agreement 0013359, filed with the Texas Comptroller by El Paso County, TEXAS.

$17,500,000committed capital investment
$726,880.89grant or incentive
90%of incremental ad valorem property tax revenue abated
The obligation

What the contract requires.

“The Applicant shall complete the Development within two (2) years of the Effective Date”Executed agreement, p. 4
“Minimum Investment amount shall be Seventeen Million Five Hundred Thousand Dollars ($17,500,000)”Executed agreement, p. 3

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The repayment remedy

What happens if it is not met.

“Recapture and collect from Applicant an amount equal to the amount actually paid to Applicant for each Grant Period during which the uncured Event of Default was in existence”Executed agreement, p. 10

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 · incremental ad valorem property tax revenue · p. 3

What was abated, and for how long.

90%10 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 bodyEl Paso County, TEXASEl Paso County, TEXAS (“County”), a political subdivision of the State of Texas1
Contracting entityPopular Building El Paso LLCPopular Building El Paso LLC for the purposes and considerations stated below1
Parent / guarantorNot stated in the agreement—
InstrumentGrantGrant. The word “Grant” means each annual payment to Applicant under the terms of this Agreement2
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> STATE OF TEXAS § CHAPTER 381 § ECONOMIC DEVELOPMENT COUNTY OF EL PASO § PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between El Paso County, TEXAS (“County”), a political subdivision of the State of Texas, and Popular Building El Paso LLC for the purposes and considerations stated below: WHEREAS, the Applicant —
Capital investment$17,500,000Minimum Investment amount shall be Seventeen Million Five Hundred Thousand Dollars ($17,500,000)3
Grant or incentive$726,880.89shall in no event exceed the total amount of Seven Hundred Twenty-Six Thousand Eight Hundred Eighty Dollars and Eighty-Nine Cents ($726,880.89)2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage150,000The real property, at completion shall include approximately 150,000 usable square feet for commercial uses2
AcreageNot stated in the agreement—
Performance deadlineMarch 17, 2027 date not fully supported by the quoted sentenceThe Applicant shall complete the Development within two (2) years of the Effective Date4
ExpirationMarch 17, 2037Twelve (12) years from the Effective Date4
Effective dateMarch 17, 2025IN WITNESS WHEREOF the Parties have executed this Agreement effective on day of. March 17, 2025.14
SignatoryRobert Palaciosby Robert forlorcxgs , as M ONAGLY of Popular Building El Paso LLC15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 17

The Development will include the construction of approximately 99 apartment units, 20,000 square feet of retail space, and 60 underground parking spaces

Parcels · p. 3
174073
How to check this page

Every line above is in the contract.

Agreement 0013359 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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