Agreement 0013672, filed with the Texas Comptroller by City of Midland, Texas.
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 Midland, TexasCITY OF MIDLAND, TEXAS | 3 |
| Contracting entity | Midland Downtown Renaissance, LPMIDLAND DOWNTOWN RENAISSANCE, LP | 3 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Master Development AgreementMASTER DEVELOPMENT AGREEMENT | 3 |
| Governing chapter | Chapter 380, Local Government CodeWHEREAS, Article III, Section 52-a, of the Texas Constitution and Chapter 380 of the Texas Local Government Code provide constitutional and statutory authority for CITY’s grant of incentives hereunder to promote local economic development and to stimulate business and commercial activity in the City of Midland; | — |
| Capital investment | $125,000,000Total Estimated Investment by Company: $125,000,000 | 2 |
| Grant or incentive | $45,000,000Total Capital Contributions: $45,000,000 | 2 |
| 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 | December 31, 2027Notwithstanding the foregoing paragraph or any contrary provision contained herein, MDR shall satisfy the Financing Obligation on or before December 31, 2027. | 9 |
| Expiration | TBDthis Agreement becomes effective on the Effective Date and shall terminate on the later of: (i) the tenth (10") anniversary of the HOT Rebate Commencement Date for Project Phase II; (ii) the tenth (10) anniversary of the Property Tax Rebate for Project Phase II; and (iii) the date of CITY’s final SCCHP rebate payment due under this Agreement | 21 |
| Effective date | January 23, 2024“Effective Date” means January 23, 2024. | 6 |
| Signatory | W.D. Hord, IIIW.D. Hord, III | 32 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013672 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.