The Abatement RegisterBudaAgreement 0014173
Texas Chapter 380 / 381 agreement · Buda

Happy Buda On The Creek, LLC

Agreement 0014173, filed with the Texas Comptroller by City of Buda, Texas.

50%of Real Property Taxes abated
September 30, 2028performance deadline
The obligation

What the contract requires.

“Company shall complete the Required Improvements and shall obtain its final Certificate of Occupancy for the Project and be open for business on or before September 30, 2028”Executed agreement, p. 12
The repayment remedy

What happens if it is not met.

“Company shall be immediately obligated to repay all Economic Development Funds tendered to or on behalf of the Company pursuant to this Agreement within ninety (90) days after the date the City or BEDC sends its written demand for repayment of the incentive payments, in whole or in part, to the Company”Executed agreement, p. 24

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 · Real Property Taxes · p. 5

What was abated, and for how long.

fifty (50) percentfirst five (5) years
fifty percent (50%)ten (10) year period

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 Buda, TexasThis Chapter 380 Economic Development and Performance Agreement (“Agreement”) by and between the City of Buda, Texas, a home rule municipality and political subdivision of the State of Texas (“City”)1
Contracting entityHappy Buda On The Creek, LLCHappy Buda On The Creek, LLC, a Texas limited hability company, (“Company”)1
Parent / guarantorTimothy Gerald Dowling, Joshua Bygosh Bumb and Richard Thomas VereggeTimothy Gerald Dowling, Joshua Bygosh Bumb and Richard Thomas Veregge (collectively, the “Guarantors’’)1
InstrumentChapter 380 Economic Development and Performance AgreementThis Chapter 380 Economic Development and Performance Agreement (“Agreement”)1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> CHAPTER 380 ECONOMIC DEVELOPMENT & PERFORMANCE AGREEMENT BETWEEN THE CITY OF BUDA, TEXAS, a home-rule municipality and political subdivision of the State of Texas AND THE CITY OF BUDA 4B CORPORATION AND HAPPY BUDA ON THE CREEK, LLC, TIMOTHY GERALD DOWLING, JOSHUA BYGOSH BUMB, and RICHARD THOMAS VEREGGE STATE OF TEXAS § § COUNTY OF HAYS § This Chapter 380 Economic Development and Perfo—
Capital investmentNot stated in the agreement—
Grant or incentiveTwo Million Nine Hundred Fifty Thousand Dollars ($2,950,000 00)the maximum aggregate amount of all economic incentives, financial assistance, reimbursements, fee credits, and capital participation that may be earned or received by Company from the City of Buda, Texas (the “City”) and the Buda Economic Development Corporation 601-(“BEDC’), collectively, shall not exceed the value of Two Million Nine Hundred Fifty Thousand Dollars ($2,950,000 00)21
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage60,000 square feetCompany shall construct or cause to be constructed on the Project Site certam commercial improvements (“Commercial Improvements’) consisting of new office, business, retail, and restaurant space, with a minimum aggregate gross floor area of at least 60,000 square feet6
Acreage18 576 acresCompany intends to develop an approximate 18 576 acre commercial parcel located near the curve of FM 967 near White Oak Preserve in Buda, Texas 786102
Performance deadlineSeptember 30, 2028Company shall complete the Required Improvements and shall obtain its final Certificate of Occupancy for the Project and be open for business on or before September 30, 202812
ExpirationSeptember 30, 2028Company shall complete the Required Improvements and shall obtain its final Certificate of Occupancy for the Project and be open for business on or before September 30, 202812
Effective dateNot stated in the agreement—
SignatoryTim G DowlingBy Tim G Dowl - Manager33
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 2
R149780 · R183128 · R93307 · R93308
How to check this page

Every line above is in the contract.

Agreement 0014173 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.

[email protected]