The Abatement RegisterVictoriaAgreement 0013608
Texas Chapter 380 / 381 agreement · Victoria

Victoria Exchange Development, LP

Agreement 0013608, filed with the Texas Comptroller by City of Victoria, Texas.

$25,000,000committed capital investment
$1,000,000.00grant or incentive
50%of $330,000 abated
September 30, 2026performance deadline
The obligation

What the contract requires.

“shall be completed, including all items as described in Sections 1-3 above, on or before September 30, 2026”Executed agreement, p. 3
“an investment of approximately twenty-five million dollars ($25,000,000)”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“failure to complete both Phases by September 30, 2026 shall result in termination of this Agreement and Developer shall no longer be entitled to either the Phase II Reimbursement or any Sales Tax Rebate”Executed agreement, p. 3

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 · $330,000

What was abated, and for how long.

—Phase I completion
—Phase II completion
50%first five years after completion of Phase II

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 Victoria, Texasthe City of Victoria, Texas (“City”)1
Contracting entityVictoria Exchange Development, LPVictoria Exchange Development, LP, a Texas Limited Partnership1
Parent / guarantorNot stated in the agreement—
InstrumentAmended Ch. 380 AgreementAmended Ch. 380 Agreement1
Governing chapterChapter 380, Local Government CodeNow, Therefore, in consideration of the mutual benefits and promises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City and Developer agree as follows: Article 1 Definitions The following terms, when capitalized and used herein, carry the following meanings: “Chapter 380 Payment” means the amounts paid by the City to Developer unde—
Capital investment$25,000,000an investment of approximately twenty-five million dollars ($25,000,000)1
Grant or incentive$1,000,000.00the City shall reimburse Developer a total amount of one-million dollars ($1,000,000.00)3
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage90,000 sq. ft.approximately 90,000 sq. ft. of retail space1
Acreage9.8 acresthe approximate 9.8 acres, known as Victoria’s Retail Village1
Performance deadlineSeptember 30, 2026shall be completed, including all items as described in Sections 1-3 above, on or before September 30, 20263
ExpirationSeptember 30, 2026shall be completed, including all items as described in Sections 1-3 above, on or before September 30, 20263
Effective date4/8/2026EXECUTED on 4/8/20266
SignatoryAsif MumtazAsif Mumtaz, Managing Partner6
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 0013608 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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