The Abatement RegisterGatesvilleAgreement 0014181
Texas Chapter 380 / 381 agreement · Gatesville

GRT-1, LLC, d/b/a Crescent Townhomes

Agreement 0014181, filed with the Texas Comptroller by City of Gatesville.

$7,748,000.00committed capital investment
40–100%of ad valorem taxes assessed by City against the Property abated
one (1) year after Commencement of Constructionperformance deadline
The obligation

What the contract requires.

“Completion of Construction of the Project to occur on or before one (1) year after Commencement of Construction.”Executed agreement, p. 6
“The total Capital Investment by the Company in the Project shall be at least $7,748,000.00.”Executed agreement, p. 6
The repayment remedy

What happens if it is not met.

“Company shall repay the amount of the Grants and any other funds received by Company from City”Executed agreement, p. 14

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 taxes assessed by City against the Property · p. 2

What was abated, and for how long.

100%Grant Year 1
90%Grant Year 2
80%Grant Year 3
70%Grant Year 4
60%Grant Year 5
50%Grant Year 6
40%Grant Year 7

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 Gatesvillebetween the City of Gatesville, a Texas home rule municipality ("City")1
Contracting entityGRT-1, LLC, d/b/a Crescent Townhomesand GRT-1, LLC, d/b/a Crescent Townhomes, Texas limited liability company ("Company")1
Parent / guarantorNot stated in the agreement—
Instrumenteconomic development grantswould be an agreement by City to provide economic development grants to Company1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> RESOLUTION 2026-034 CHAPTER 380 ECONOMIC DEVELOPMENT STATE OF TEXAS § § AGREEMENT COUNTY OF CORYELL § This Chapter 380 Economic Development Agreement (this “Agreement”) is made by and between the City of Gatesville, a Texas home rule municipality (“City”), and GRT-1, LLC, d/b/a Crescent Townhomes, Texas limited liability company (“Company”) (City and Company may be collectively referr—
Capital investment$7,748,000.00The total Capital Investment by the Company in the Project shall be at least $7,748,000.00.6
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage8.00 acrean approximately 8.00 acre parcel of land situated in the William Suggott Survey1
Performance deadlineone (1) year after Commencement of ConstructionCompletion of Construction of the Project to occur on or before one (1) year after Commencement of Construction.6
Expirationninth (9th) anniversary of the Commencement Date"Expiration Date" shall mean the ninth (9th) anniversary of the Commencement Date.3
Effective dateApril 11, 2026EXECUTED this // ‘day of Ape. / 2026.15
SignatoryAndy HansenAndy Hansen, Managing Member15
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 1

48 townhome dwelling units contained in four (4) buildings, a separate leasing office building, and an associated dog park

How to check this page

Every line above is in the contract.

Agreement 0014181 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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