The Abatement RegisterCorinthAgreement 0013422
Texas Chapter 380 / 381 agreement · Corinth

Kairos Communities Partners, LLC

Agreement 0013422, filed with the Texas Comptroller by City of Corinth, Texas.

$45,000,000committed capital investment
August 21, 2030performance deadline
The obligation

What the contract requires.

“The term of this Agreement (the “Term’’) shall begin on the Effective Date and continue until either the earlier of Completion of Construction or August 21, 2030, unless extended or sooner terminated as provided herein or as agreed upon by the Parties in writing.”Executed agreement, p. 3
“WHEREAS, the Developer intends to invest a cumulative minimum amount of Forty- Five Million Dollars ($45,000,000) for the Projects;”Executed agreement, p. 1
The remedy

What the contract says happens.

“In the event the Developer violates the foregoing restriction without having constructed or caused the Completion of Construction of any of the Improvements upon the Properties in accordance with the terms of this Agreement, including without limitation, Article IV, “Developer Obligations”, such occurrence shall be an event of default and the City shall have the option to purchase the Properties for a sales price equ”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.

FieldValue & quoted sourcePage
Granting bodyCity of Corinth, TexasThis Amended and Restated Chapter 380 Economic Development Incentive Agreement (the “Agreement”) is made by and among the City of Corinth, Texas, a home rule municipality (the “City”), the Corinth Economic Development Corporation, a Type B corporation organized under the Development Corporation Act (Chapters 501 and 505 of the Texas Local Government Code) (the “CEDC”), and Kairos Communities Partn1
Contracting entityKairos Communities Partners, LLCThis Amended and Restated Chapter 380 Economic Development Incentive Agreement (the “Agreement”) is made by and among the City of Corinth, Texas, a home rule municipality (the “City”), the Corinth Economic Development Corporation, a Type B corporation organized under the Development Corporation Act (Chapters 501 and 505 of the Texas Local Government Code) (the “CEDC”), and Kairos Communities Partn1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Incentive AgreementThis Amended and Restated Chapter 380 Economic Development Incentive Agreement (the “Agreement”) is made by and among the City of Corinth, Texas, a home rule municipality (the “City”), the Corinth Economic Development Corporation, a Type B corporation organized under the Development Corporation Act (Chapters 501 and 505 of the Texas Local Government Code) (the “CEDC”), and Kairos Communities Partn1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> Docusign Envelope ID: FAO6BC4A-A96E-4240-B599-E5COB97B07EF AMENDED AND RESTATED CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This Amended and Restated Chapter 380 Economic Development Incentive Agreement (the “Agreement”) is made by and among the City of Corinth, Texas, a home rule municipality (the “City”), the Corinth Economic Development Corporation, a Type B corporation or—
Capital investment$45,000,000WHEREAS, the Developer intends to invest a cumulative minimum amount of Forty- Five Million Dollars ($45,000,000) for the Projects;1
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage60,000-75,000 square feetWHEREAS, the Developer has informed the City and CEDC that financial incentives from the City and CEDC would cause the Developer to develop and construct on the Properties planned developments, consisting of a minimum of 60,000-75,000 square feet of commercial space and housing opportunities including rental and individually sold units, that will benefit the City by creating new full-time jobs, di1
Acreage+19.33 acresWHEREAS, the Developer intends to purchase approximately +19.33 acres of land, some of which is currently owned by the City and some of which will be acquired by the City within one hundred and eighty (180) days from the Original Effective Date of this Agreement, and which is located within the corporate limits of the City of Corinth, Texas, legally described in EXHIBIT A and depicted in EXHIBIT “1
Performance deadlineAugust 21, 2030The term of this Agreement (the “Term’’) shall begin on the Effective Date and continue until either the earlier of Completion of Construction or August 21, 2030, unless extended or sooner terminated as provided herein or as agreed upon by the Parties in writing.3
ExpirationAugust 21, 2030The term of this Agreement (the “Term’’) shall begin on the Effective Date and continue until either the earlier of Completion of Construction or August 21, 2030, unless extended or sooner terminated as provided herein or as agreed upon by the Parties in writing.3
Effective dateFebruary 11, 2026Date: February 11, 202618
SignatoryRyanTHE DEVELOPER: Kairos Communities Partners, LLC 1420 Mockingbird Way Suite 640 Dallas, TX 75247 Email: [email protected]16
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 21
983665 · 983668 · 38694 · 705818 · 38908 · 38912 · 227848 · 755164
How to check this page

Every line above is in the contract.

Agreement 0013422 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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