Agreement 0013639, filed with the Texas Comptroller by CITY OF PRINCETON, TEXAS.
This clause ends the agreement. It states no repayment of money already received.
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 PRINCETON, TEXASCITY OF PRINCETON, TEXAS, a Texas home rule municipality located in Collin County, Texas (the "City"), the PRINCETON ECONOMIC DEVELOPMENT CORPORATION, a Type A development corporation (the "PEDC") | 1 |
| Contracting entity | HHRE PRINCETON MOB LLCHHRE PRINCETON MOB LLC, a Florida limited liability company (the "Company") | 1 |
| Parent / guarantor | Harrod Development, Inc.By: Harrod Development, Inc., a Florida corporation Its: Managing Member | 20 |
| Instrument | Development and Performance AgreementDEVELOPMENT AND PERFORMANCE AGREEMENT | 1 |
| Governing chapter | Chapter 380, Local Government CodeWHEREAS, Chapter 380 of the TEXAS LOCAL GOVERNMENT. | — |
| Capital investment | $4,000,000.00The Company shall make a minimum capital investment in the amount of FOUR MILLION AND NO/100 DOLLARS ($4,000.000.00) towards the Project | 10 |
| Grant or incentive | Not stated in the agreement | — |
| Jobs committed | seventy-five (75) full-time employment positions recital language, not a covenantthe Company reasonably believes the Medical Facility will provide a place for healthcare business and doctors’ offices to occupy so their business can create and provide for approximately seventy-five (75) full-time employment positions in the City | 2 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 25,000 square feetthe Company shall construct at least 25,000 square feet of vertical improvements capable of housing medical and healthcare offices | 2 |
| Acreage | 2.765 acresthe PEDC owns an approximately 2.765-acre parcel of real property located in the City of Princeton, Texas | 1 |
| Performance deadline | SEVEN HUNDRED THIRTY (730) CALENDAR DAYSThe Company shall, subject to any applicable Force Majeure Events, cause the Substantial Completion of the Project within SEVEN HUNDRED THIRTY (730) CALENDAR DAYS following the Closing Date of the Property | 8 |
| Expiration | Not stated in the agreement | — |
| Effective date | Not stated in the agreement | — |
| Signatory | Robert C. Webster, IITo the Company: HHRE Princeton MOB LLC ATIN: Robert C. Webster, II | 14 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013639 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.