Thornton Custom Homes

Agreement 0013616, filed with the Texas Comptroller by CITY OF ABILENE, TEXAS.

$203,000.00grant or incentive

5–15%of total interim financing needed for the single-family construction abated

before the expiration of this agreementperformance deadline

The obligation

What the contract requires.

“The Developer shall perform or cause to be performed, the construction of the improvements set forth in Exhibit A- "Public and Private Improvements on or before the expiration of this agreement.”Executed agreement, p. 6

The remedy

What the contract says happens.

“If the Defaulting Party cures the default within thirty (30) days after notice of default is received”Executed agreement, p. 7

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 · total interim financing needed for the single-family construction · p. 5

What was abated, and for how long.

ten (10%) percentclosing of the interim construction financing

five (5%) percentclosing of the final buyer

fifteen (15%) percentclosing of the final buyer

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.

Field	Value & quoted source	Page
Granting body	CITY OF ABILENE, TEXASCITY OF ABILENE, TEXAS, a home rule city and municipal corporation	4
Contracting entity	Thornton Custom HomesThornton Custom Homes ("Developer")	4
Parent / guarantor	Not stated in the agreement	—
Instrument	Economic Development AgreementThis Economic Development Agreement ("Agreement")	4
Governing chapter	Chapter 380, Local Government Code64-2026 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ABILENE, TEXAS, APPROVING CHAPTER 380 AGREEMENTS BETWEEN THE CITY OF ABILENE AND THORNTON HOMES REGARDING 918 CLINTON ST., 926 CLINTON ST., 1202 MESQUITE ST., 1210 MESQUITE ST., 1218 MESQUITE ST., 1226 MESQUITE ST., 801 N.	—
Capital investment	Not stated in the agreement	—
Grant or incentive	$203,000.00the home sales price shall not exceed a maximum price of $203,000.00	6
Jobs committed	Not stated in the agreement	—
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	Not stated in the agreement	—
Performance deadline	before the expiration of this agreementThe Developer shall perform or cause to be performed, the construction of the improvements set forth in Exhibit A- "Public and Private Improvements on or before the expiration of this agreement.	6
Expiration	eighteen months from the Effective DateThis Agreement shall remain in full force and effect until the earlier of: (A) each party hereto has completed their respective obligations hereunder; or (B) eighteen months from the Effective Date ("Term").	5
Effective date	March 26, 2026This Economic Development Agreement ("Agreement") is effective as of the _26th__day of March , 2026	4
Signatory	Trey ThorntonName (printed): Trey Thornton	10
Chain status	Terminal document — no later agreement in the registry names this one as its predecessor	—

Project components · p. 11

See attachment - building plans

How to check this page

Every line above is in the contract.

Agreement 0013616 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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