The Abatement RegisterRichardsonAgreement 0013507
Texas Chapter 380 / 381 agreement · Richardson

Legacy/ Collier Residential LLC

Agreement 0013507, filed with the Texas Comptroller by City of Richardson, Texas.

50%of ad valorem taxes assessed by City against the Improvements abated
December 31, 2029performance deadline
The obligation

What the contract requires.

“Completion of Construction of the Improvements to occur on or before December 31, 2029”Executed agreement, p. 8
The repayment remedy

What happens if it is not met.

“Company shall immediately repay to City an amount equal to the Grants paid by City to Company preceding the date of such termination”Executed agreement, p. 15

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 · ad valorem taxes assessed by City against the Improvements · p. 8

What was abated, and for how long.

fifty percent (50%)fifteen (15) consecutive Grant 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 Richardson, TexasCity of Richardson, Texas (the “City”)1
Contracting entityLegacy/ Collier Residential LLCLegacy/ Collier Residential LLC, a Delaware limited liability company (“Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentTIF Zone No. 1 Economic Development Incentive and Chapter 380 AgreementTIF Zone No. 1 Economic Development Incentive and Chapter 380 Agreement1
Governing chapterChapter 380, Local Government Code1 § ECONOMIC DEVELOPMENT INCENTIVE COUNTY OF DALLAS § AND CHAPTER 380 AGREEMENT This Amended and Restated TIF Zone No.—
Capital investmentNot stated in the agreement—
Grant or incentiveSix Million Five Hundred Thousand and No/100 Dollars ($6,500,000.00)“Development Grant” shall mean an economic development grant in the amount of Six Million Five Hundred Thousand and No/100 Dollars ($6,500,000.00)5
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageapproximately 620,000 square feetconsisting of one or more buildings containing approximately 620,000 square feet of space1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2029Completion of Construction of the Improvements to occur on or before December 31, 20298
Expirationthe date of payment of the last of the City Grants“Expiration Date” shall mean the date of payment of the last of the City Grants.5
Effective dateNot stated in the agreement—
SignatoryMatthew D. BrendelMatthew D. Brendel, as Executive Managing Director of Legacy/Collier Residential LLC22
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0013507 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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