IDCAP Manor, LLC

Agreement 0013424, filed with the Texas Comptroller by CITY OF MANOR, TEXAS.

$1,332,268.16committed capital investment

$2,915,000.00grant or incentive

June 15, 2028performance deadline

The obligation

What the contract requires.

“the Facility was constructed and completed on the Property, but not later than June 15, 2028”Executed agreement, p. 3

“Grand Total $1,332,268.16”Executed agreement, p. 21

Statutory clause

This is not a performance remedy.

“if the COMPANY is convicted of a violation under 8 U.S.D. Section 132(a)(f), the COMPANY shall repay to the CITY the full amount of Chapter 380 Grants made under Article V of this Agreement. Repayment shall be paid within 120 days after the date following an un appealable conviction of the COMPANY”Executed agreement, p. 5

Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.

Abatement schedule · $1,330,000.00

What was abated, and for how long.

—within thirty (30) days after the CITY has received from COMPANY reasonably satisfactory evidence that COMPANY has caused the public streets to be completed and accepted by the City

—thirty (30) days after the foundation for the Facility has been poured

—within thirty (30) days after the detention facility, the sidewalks and the TxDot improvements are completed and have been inspected and accepted by the CITY and TxDot

—within thirty (30) days after Hobby Lobby Stores, Inc. retail branch opens to the public for business at the Facility

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.

Field	Value & quoted source	Page
Granting body	CITY OF MANOR, TEXASCITY OF MANOR, TEXAS, a home-rule city and municipal corporation of Travis County, Texas (hereinafter, the “CITY”).	1
Contracting entity	IDCAP Manor, LLCIDCAP Manor, LLC, a Texas Limited Liability Company (hereafter referred to as “COMPANY”)	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Chapter 380 GrantCHAPTER 380 GRANT AGREEMENT	1
Governing chapter	Chapter 380, Local Government Code<<<PAGE 1>>> L) ORIGINAL CHAPTER 380 GRANT AGREEMENT Kimbro Crossing (NWC Hwy 290 and Old Kimbro Road) THIS CHAPTER 380 GRANT AGREEMENT for a development project located at the northwest corner of US Hwy.	—
Capital investment	$1,332,268.16Grand Total $1,332,268.16	21
Grant or incentive	$2,915,000.00Maximum Grant Amount” shall mean the total amount of payments paid to COMPANY under this Agreement in the schedule provided in Section V.A.1 herein and in an amount not to exceed $2,915,000.00.	2
Jobs committed	Not stated in the agreement	—
Wage requirement	Not stated in the agreement	—
Square footage	55,000 square footconstruction of a 55,000 square foot retail location	1
Acreage	3.95 acresapproximately 3.95 acres of property located in Travis County, Texas	1
Performance deadline	June 15, 2028the Facility was constructed and completed on the Property, but not later than June 15, 2028	3
Expiration	Not stated in the agreement	—
Effective date	SeptemberThis Agreement shall be effective on the rr day of Ye temo , AS	14
Signatory	LEE RICK SAULName: L&E Riek fe SAUL.	15
Chain status	Superseded by agreement 0013990	—

How to check this page

Every line above is in the contract.

Agreement 0013424 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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