The Abatement RegisterIrvingAgreement 0013541
Texas Chapter 380 / 381 agreement · Irving

222 WLC Owner, LP

Agreement 0013541, filed with the Texas Comptroller by City of Irving, Texas.

$30,000,000committed capital investment
$20,000,000grant or incentive
December 31, 2026performance deadline
The obligation

What the contract requires.

“COMPANY OBLIGATION TO COMPLETE NO: LATER THAN DECEMBER 31, 2026 (the “Minimum Threshold Eligibility Requirement”):”Executed agreement, p. 5
“Invest at least $30,000,000 in Capital Improvements at the Premises by December 31, 2032”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“In the event of default, after the expiration of the applicable notice and cure periods, the City shall receive from Company as liquidated damages a refund of all Grant payments made by the City to Company, less any annual payments made to the City equal to the full amount of the Annual Basic Rent due under the Parking Lease, for the entire Term, and interest thereon be charged at the Interest Rate from the date of s”Executed agreement, p. 10

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.

—Upon achievement of the Minimum Threshold Eligibility Requirement
—12-months following achievement of MQs
—24-months following achievement of MQs
—36-months following achievement of MQs
—48-months following achievement of MQs
—60-months following achievement of MQs
—72-months following achievement of MQs

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 Irving, Texasby and between the City of Irving, Texas (“City”), a home rule city located in Dallas County, Texas, the Tax Increment Reinvestment Zone No. 1, City of Irving, Texas (the “TIF District”), collectively referred to as “City”3
Contracting entity222 WLC Owner, LPand 222 WLC Owner, LP, a Texas limited’ partnership, an affiliate of Koa Partners, LLC, that is authorized to conduct business in Texas (“Company”)3
Parent / guarantorKoa Partners, LLCan affiliate of Koa Partners, LLC, that is authorized to conduct business in Texas (“Company”)3
InstrumentEconomic Development GrantCity shall provide Company an Economic Development Grant (the “Grant”)5
Governing chapterChapter 380, Local Government Codeand WHEREAS, Council Ordinance 2018-10137 extended the term of the TIF District until December 31, 2038 and adopted the Tax Increment reinvestment Zone Number | Amended Project and Financing Plan and subsequently amended the plan several times including an amendment to include chapter 380 powers within the TIF District (the “Amended Plan”);—
Capital investment$30,000,000Invest at least $30,000,000 in Capital Improvements at the Premises by December 31, 20326
Grant or incentive$20,000,000reimbursement in an amount not to exceed $20,000,000 will be paid in accordance with the Amended TIF District Reimbursement Policy1
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage850,000 Square Feet“Premises” means at least 850,000 Square Feet of Office Space as the at the Property.5
Acreage11.25 acresThence with the said corner clip, North 32 degrees 15 minutes 38 seconds East, a distance of 55.92 feet to the point of beginning and containing 11.25 acres of land, more or less.19
Performance deadlineDecember 31, 2026COMPANY OBLIGATION TO COMPLETE NO: LATER THAN DECEMBER 31, 2026 (the “Minimum Threshold Eligibility Requirement”):5
ExpirationJune 30, 2057This Agreement is effective as of the Effective Date, for a term concluding no later than June 30, 2057.10
Effective dateFebruary 20, 2026GIVEN UNDER MY HAND AND SEAL OF OFFICE this 20 day of {¢ Sotuary A.D., 2026.15
SignatoryHarry LakeBy: _ EE FT“ Harry Lake, Manager14
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 0013541 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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