The Abatement RegisterGarlandAgreement 0013769
Texas Chapter 380 / 381 agreement · Garland

DRP ODIN 15, LLC

Agreement 0013769, filed with the Texas Comptroller by City of Garland.

$150,000,000.00committed capital investment
$3,400,000.00grant or incentive
100%of Development Fees abated
December 31, 2030performance deadline
The obligation

What the contract requires.

“ODIN must have at least one Building Final issued for a single-family home for the Development by December 31, 2030”Executed agreement, p. 5
“ODIN agrees to make an initial capital investment of approximately one hundred fifty million ($150,000,000.00)”Executed agreement, p. 1
Statutory clause

This is not a performance remedy.

“ODIN agrees not to knowingly employ any undocumented workers and if convicted of a violation under 8 U.S.C. Section 1324a (f), ODIN shall repay the amount of the Incentive paid to and received by ODIN from and by the City”Executed agreement, p. 11

Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.

Abatement schedule · Development Fees · p. 7

What was abated, and for how long.

up to one hundred percent (100%)annually beginning in 2027 for tax year 2026

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 GarlandCity of Garland, a Texas home-rule municipality1
Contracting entityDRP ODIN 15, LLCDRP ODIN 15, LLC, a Delaware limited liability company1
Parent / guarantorTrilogy - BRD Acquisitions, LLCsuccessor-in-interest to Trilogy - BRD Acquisitions, LLC1
InstrumentEconomic Development grantEconomic Development grant to ODIN2
Governing chapterChapter 380, Local Government Coderecitals are true and correct and that the same is a material part of this Agreement: WHEREAS, the City desires to further the public interest and welfare and to induce the investment of private resources in productive business enterprises located within the City that will increase tax revenue and promote or develop new business enterprises through Economic Development Agreements as authorized by —
Capital investment$150,000,000.00ODIN agrees to make an initial capital investment of approximately one hundred fifty million ($150,000,000.00)1
Grant or incentive$3,400,000.00maximum reimbursement of Three Million Four Hundred Thousand Dollars and No Cents ($3,400,000.00)2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage1,700sfmust contain at least one thousand seven hundred square feet (1,700sf) of living space.4
Acreage178.1836 acresapproximately 178.1836 acres at 3000 S. Country Club Road1
Performance deadlineDecember 31, 2030ODIN must have at least one Building Final issued for a single-family home for the Development by December 31, 20305
ExpirationDecember 31, 2036terminate either upon the complete performance by the Parties of all obligations and conditions within this Agreement or on December 31, 2036, whichever is first.4
Effective dateApril 29, 2026EXECUTED and EFFECTIVE as of the 29th day of April , 2026.12
SignatoryHoudin HonarvarHoudin Honarvar12
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 1

approximately 300 homes and amenities identified in the PD

How to check this page

Every line above is in the contract.

Agreement 0013769 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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