Agreement 0013777, filed with the Texas Comptroller by CITY OF MAGNOLIA, TEXAS.
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.
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 MAGNOLIA, TEXASCITY OF MAGNOLIA, TEXAS, a Texas Type A general law municipality (the “City”). | 1 |
| Contracting entity | FUQUA BLACKHAWK, LTD.FUQUA BLACKHAWK, LTD., a Texas limited partnership (“Developer”) | 1 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | Economic Development IncentiveEconomic Development Incentive. In consideration of the Developer's delivery of the Anchor Tenant, the City shall provide certain economic development incentives to Developer. | 4 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT (MAGNOLIA SQUARE) This Chapter 380 Economic Development Agreement (the “Agreement”) is made and entered into by and between FUQUA BLACKHAWK, LTD., a Texas limited partnership (“Developer”), and the CITY OF MAGNOLIA, TEXAS, a Texas Type A general law municipality (the “City”). | — |
| Capital investment | Not stated in the agreement | — |
| Grant or incentive | $3,000,000.00be obligated to make any payments to Developer exceeding $3,000,000.00 in total (the “Maximum Reimbursement Amount”). | 4 |
| Jobs committed | 40conditioned upon the provision of a minimum of 40 jobs resulting from the Project’s development. | 2 |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 100,000 square feetDeveloper shall be obligated to provide at least 100,000 square feet of space within the Property to be utilized as a big box retail store | 2 |
| Acreage | 59.3-acreDeveloper intends to develop an approximately 59.3-acre tract of land | 1 |
| Performance deadline | three (3) yearsIf the Developer fails to commence construction on the Anchor Tenant within three (3) years of the Effective Date, this Agreement shall automatically expire by its terms and be of no further force or effect. | 7 |
| Expiration | Not stated in the agreement | — |
| Effective date | Febouows IO. 2026effective as of the Effective Date Febouows IO. 2026. | 12 |
| Signatory | DowAtuwBefore me, the undersigned authority, on this day personally appeared DowAtuw_, | 13 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013777 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.