The Abatement RegisterBrownwoodAgreement 0013655
Texas Chapter 380 / 381 agreement · Brownwood

Mustang Ridge Venture Capital LLC

Agreement 0013655, filed with the Texas Comptroller by City of Brownwood, the Brownwood Municipal Development District.

25–100%of Ad Valorem Tax Revenues abated
three (3) years after the election by the Developer to construct the water and sanitary sewer infrastructureperformance deadline
The obligation

What the contract requires.

“The duplexes shall be completed, and a certificate of occupancy issued by the City for each duplex, no later than three (3) years after the election by the Developer to construct the water and sanitary sewer infrastructure”Executed agreement, p. 9
The repayment remedy

What happens if it is not met.

“Developer shall repay the amount of the financial incentives received by Developer as of the date of such violation within 120 business days after the date Developer is convicted, following any and all available appeals, plus interest at the rate of five percent (5.0%) per annum, from the date of such conviction until paid.”Executed agreement, p. 9

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 · Ad Valorem Tax Revenues · p. 10

What was abated, and for how long.

100%2027
80%2028
70%2029
50%2030
25%2031

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 Brownwood, the Brownwood Municipal Development Districtby and between the City of Brownwood, a Texas home-rule municipality (the “City”), the Brownwood Municipal Development District, a political subdivision of the State of Texas and City of Brownwood (“BMDD”)1
Contracting entityMustang Ridge Venture Capital LLCMustang Ridge Venture Capital LLC, a Texas limited liability company, and or its assigns, whose address is A590 FM A545 _, Brownwood, Texas 76801, hereinafter referred to as the ("Developer").1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 AgreementDEVELOPER’S AGREEMENT, ECONOMIC DEVELOPMENT AND CHAPTER 380 AGREEMENT1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> DEVELOPER’S AGREEMENT, ECONOMIC DEVELOPMENT AND CHAPTER 380 AGREEMENT FOR THE DEVELOPMENT OF THE PRESERVE ON MUSTANG RIDGE HOUSING DEVELOPMENT BY AND BETWEEN THE CITY OF BROWNWOOD, THE BROWNWOOD MUNICIPAL DEVELOPMENT DISTRICT AND MUSTANG RIDGE VENTURE CAPITAL LLC THIS DEVELOPER’S AGREEMENT, ECONOMIC reat PMENT AND CHAPTER 380 AGREEMENT (this “Agreement” is entered into on the [07 day —
Capital investmentNot stated in the agreement—
Grant or incentiveTHREE HUNDRED AND SEVENTY-FIVE THOUSAND DOLLARS ($375,000.00)The Chapter 380 Payments under this Agreement shall not exceed the Chapter 380 Payments Maximum.10
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage1,350 square feetwith each housing unit of the duplex being a minimum of 1,350 square feet9
Acreage14.999 acresthe Developer has purchased approximately 14.999 acres of land located in the City of Brownwood1
Performance deadlinethree (3) years after the election by the Developer to construct the water and sanitary sewer infrastructureThe duplexes shall be completed, and a certificate of occupancy issued by the City for each duplex, no later than three (3) years after the election by the Developer to construct the water and sanitary sewer infrastructure9
ExpirationNot stated in the agreement—
Effective dateApril, 2026entered into on the [07 day of April, 20261
SignatoryRobert WadeBy: / <i Robert Wade18
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 0013655 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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