Agreement 0013566, filed with the Texas Comptroller by CITY OF MAGNOLIA, TEXAS.
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.
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.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | CITY OF MAGNOLIA, TEXASCITY OF MAGNOLIA, TEXAS, a Texas Type A general law municipality (the “City”). | 1 |
| Contracting entity | CAPITAL RETAIL PROPERTIESCAPITAL RETAIL PROPERTIES, a Texas limited liability company (“CRP”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Chapter 380 Economic Development AgreementThis Chapter 380 Economic Development Agreement (the “ Agreement”) | 1 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT (CAPITAL RETAIL PROPERTIES) This Chapter 380 Economic Development Agreement (the “ Agreement”) is made and entered into by and between CAPITAL RETAIL PROPERTIES, a Texas limited liability company (“CRP”), and the CITY OF MAGNOLIA, TEXAS, a Texas Type A general law municipality (the “City”). | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $750,000.00be obligated to make any payments to CRP exceeding $750,000.00 in total (the “Maximum Payment Amount”). | 3 |
| Jobs committed | 40 jobsconditioned upon the provision of a minimum of 40 jobs resulting from the Project’s development within three (3) years of the Effective Date. | 2 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 50,000 square feetCRP shall be obligated to provide at least 50,000 square feet of space within the Property to be utilized as an Academy Sports + Outdoors retail store | 2 |
| Acreage | 7-acreapproximately 7-acre tract of land near the intersection of FM 1488 and Spur 149 | 1 |
| Performance deadline | three (3) years of the Effective Dateconditioned upon the provision of a minimum of 40 jobs resulting from the Project’s development within three (3) years of the Effective Date. | 2 |
| Expiration | ten (10) calendar years following the issuance of the first Sales Tax Payment to CRPthis Agreement shall terminate on the earlier of: (i) the date upon which payments made by the City pursuant to the terms of this Agreement total $750,000.00; or (ii) ten (10) calendar years following the issuance of the first Sales Tax Payment to CRP. | 5 |
| Effective date | FebuanslO2026effective as of the Effective Date FebuanslO2026. | 9 |
| Signatory | Erick WalkerAttn: Erick Walker | 9 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013566 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.
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.