Agreement 0013638, filed with the Texas Comptroller by City of New Braunfels.
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 New Braunfelsthe City of New Braunfels, Texas, a home rule municipality (the “City”) | 1 |
| Contracting entity | The New Braunfels Hotel Company/Das Faustian Bargain, LLCThe New Braunfels Hotel Company/Das Faustian Bargain, LLC (the “Company”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Economic Development AgreementThis Economic Development Agreement (this “Agreement”) | 1 |
| Governing chapter | Chapter 312, Tax Code, and Chapter 380, Local Government CodeIn no event should the City’s agreement to make a Grant Payment under this Agreement be construed as a tax abatement by the City under Chapter 312 of the Tax Code. | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $1,000,000.00until $1,000,000.00 in tax rebates has been issued | 2 |
| Jobs committed | 75 recital language, not a covenantThe Faust hotel will provide important employment opportunities, with 75 employees expected | 14 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | Not stated in the agreement | — |
| Acreage | Not stated in the agreement | — |
| Performance deadline | October 31, 2026This Agreement is effective October 31, 2026. | 9 |
| Expiration | Not stated in the agreement | — |
| Effective date | October 31, 2026This Agreement is effective October 31, 2026. | 9 |
| Signatory | Andrew W. DuettraAndrew W. Duettra, Managing Member | 8 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013638 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 I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.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.