The Abatement RegisterMansfieldAgreement 0013491
Texas Chapter 380 / 381 agreement · Mansfield

Nack Development, LLC

Agreement 0013491, filed with the Texas Comptroller by City of Mansfield, Texas.

$10,000,000.00committed capital investment
$3,380,000.00grant or incentive
30permanent jobs committed
December 31, 2025performance deadline
The obligation

What the contract requires.

“No later than December 31, 2025, Company must receive a Building Final for Phase 1 Improvements”Executed agreement, p. 7
“A minimum of thirty (30) people shall be employed in the construction of the Phase 1 Improvements”Executed agreement, p. 8
“The minimum Capital Investment for Phase 1 Improvements of the Project shall be $10,000,000.00”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“Company shall immediately refund to MEDC an amount equal to the amount of the Grants that have been provided by MEDC to Company prior to the date of such termination”Executed agreement, p. 11

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 · $1,500,000

What was abated, and for how long.

—Nov-23
—Apr-24
—Dec-25
—Jun-27

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 Mansfield, TexasCity of Mansfield, Texas, a Texas home rule municipal corporation of the State of Texas (the “City’’)1
Contracting entityNack Development, LLCNack Development, LLC, a Texas Limited Liability Company (“Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development AgreementECONOMIC DEVELOPMENT AGREEMENT1
Governing chapterChapter 380, Local Government Codeand WHEREAS, by approval of the City Council, the Board has all the powers of a municipality under Chapter 380, Texas Local Government Code;—
Capital investment$10,000,000.00The minimum Capital Investment for Phase 1 Improvements of the Project shall be $10,000,000.008
Grant or incentive$3,380,000.00TOTALS $5,499,558.00 $5,499,558.00 $3,380,000.0023
Jobs committed30A minimum of thirty (30) people shall be employed in the construction of the Phase 1 Improvements8
Wage requirementNot stated in the agreement—
Square footage79,000consisting of approximately 79,000 square feet of Retail, Restaurant or Professional Office space1
Acreage4City owns approximately 4 acres of land1
Performance deadlineDecember 31, 2025No later than December 31, 2025, Company must receive a Building Final for Phase 1 Improvements7
ExpirationNot stated in the agreement—
Effective dateNot stated in the agreement—
SignatoryDonny ChurchmanName: Donny Churchman17
Chain statusSuperseded by agreement 0013496—
How to check this page

Every line above is in the contract.

Agreement 0013491 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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