The Abatement RegisterDallasAgreement 0013461
Texas Chapter 380 / 381 agreement · Dallas

ONU VENTURES, INC.

Agreement 0013461, filed with the Texas Comptroller by CITY OF DALLAS.

$2,940,000.00committed capital investment
$250,000.00grant or incentive
December 31, 2026performance deadline
The obligation

What the contract requires.

“Developer/Grantee must complete the Project Components described in Section 5.C. on or before December 31, 2026 (the "Substantial Completion Deadline")”Executed agreement, p. 5
“Estimated hard construction costs - $2,940,000.00”Executed agreement, p. 5
The repayment remedy

What happens if it is not met.

“If Developer/Grantee commits or permits an uncured Event of Default under Section 10.A.(ii) it shall be required to repay the City the following amounts of the Grant: $250,000 per year (prorated on a monthly basis for any partial years) for the remaining Compliance Period.”Executed agreement, p. 13

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

What was abated, and for how long.

—5 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 DALLASCITY OF DALLAS, a Texas municipal corporation located in Dallas County, Texas ("City")3
Contracting entityONU VENTURES, INC.ONU VENTURES, INC., a Texas corporation, acting by and through its authorized officers, and/or affiliates ("Developer/Grantee")3
Parent / guarantorThe Adaline at Bonnie View, LLCan affiliate of Developer/Grantee, The Adaline at Bonnie View, LLC owns the real property4
InstrumentChapter 380 Economic Development GrantAuthorize a Chapter 380 Economic Development Grant agreement ("Grant Agreement")2
Governing chapterChapter 312, Tax Code, and Chapter 380, Local Government Code21, pursuant to the Texas Local Government Code, Chapter 378 and the Texas Tax Code, Section 312.202.—
Capital investment$2,940,000.00Estimated hard construction costs - $2,940,000.005
Grant or incentive$250,000.00for a grant in an amount not to exceed $250,000.00 ("Grant")2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage9,300 square feetThe Project includes design and construction of new ground-up commercial/retail buildings totaling approximately 9,300 square feet2
Acreage2.36 acresconstructed on approximately 2.36 acres at 4315 Riverside Road ("Project")2
Performance deadlineDecember 31, 2026Developer/Grantee must complete the Project Components described in Section 5.C. on or before December 31, 2026 (the "Substantial Completion Deadline")5
ExpirationDecember 31, 2031ECO-2025-00026811 [contract Term] 5/30/2025 | to | _ 12/31/20312
Effective dateDecember 10, 2025EXECUTED and effective as of Lucondoy!? 2025 ("Effective Date") by the City, signing by and through its City Manager, duly authorized to execute same by Administrative Action No._ - 256662, approved on _December 10, 202523
SignatoryMikial OnuMikial Onu, President/CEO23
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 7

new ground-up construction of two (2) commercial/retail buildings totaling a minimum of 9,000 gross square feet; an outdoor lounge area and event space totaling a minimum of 5,900 square feet in size; minimum of 90 on-site parking spaces; an on-site detention facility required to support stormwater management for this retail development and for the adjacent multi-family residential development; on-site improvements (e.g., grading; utilities; paving; drainage; lighting; landscaping; signage; etc.) necessary to complete the components listed in Section 5.C. A, B, C, and D; streetscape improvements along the Property’s Bonnie View Road frontage.

Parcels · p. 25
8262
How to check this page

Every line above is in the contract.

Agreement 0013461 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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