The Abatement RegisterAthensAgreement 0014299
Texas Chapter 380 / 381 agreement · Athens

JAB REALTY INVESTMENTS, LLC

Agreement 0014299, filed with the Texas Comptroller by CITY OF ATHENS, TEXAS.

$2,595committed capital investment
$25,000grant or incentive
twelve (12) monthsperformance deadline
The obligation

What the contract requires.

“Ownership of the property will return to the City of Athens for a price of one dollar ($1.00) at the end of twelve (12) months from the date of ownership transfer if the Buyer has not constructed a single-family home on the property and obtained a Certificate of Occupancy”Executed agreement, p. 12
“Developer shall pay for the cost of the water and sewer taps upon sale of the single-family home at a cost not to exceed $2,595.”Executed agreement, p. 4
The remedy

What the contract says happens.

“property ownership shall revert back to City per the provisions of the Purchase and Sale Agreement included at Attachment A.”Executed agreement, p. 4

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

What was abated, and for how long.

—one (1) year

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 ATHENS, TEXASCITY OF ATHENS, TEXAS, a Texas home-rule municipality (“hereinafter referred to as the “City”)1
Contracting entityJAB REALTY INVESTMENTS, LLCJAB REALTY INVESTMENTS, LLC a Texas limited liability company (hereinafter referred to as “Developer’’)1
Parent / guarantorNot stated in the agreement—
InstrumentChapter 380 Economic Development Program and AgreementThis CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT1
Governing chapterChapter 380, Local Government Code<<<PAGE 1>>> CITY OF ATHENS, TEXAS AND JAB REALTY INVESTMENTS, LLC CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered into by and between the CITY OF ATHENS, TEXAS, a Texas home-rule municipality (“hereinafter referred to as the “City”), and JAB REALTY INVESTMENTS, LLC a—
Capital investment$2,595Developer shall pay for the cost of the water and sewer taps upon sale of the single-family home at a cost not to exceed $2,595.4
Grant or incentive$25,000City shall provide a $25,000 financial incentive to the Developer by selling Block 1, Lot 8 of the R. C. Fisher Estates to the Developer for one dollar ($1.00).4
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageone thousand (1000) square feetThe minimum floor area per dwelling unit shall be one thousand (1000) square feet.16
AcreageNot stated in the agreement—
Performance deadlinetwelve (12) monthsOwnership of the property will return to the City of Athens for a price of one dollar ($1.00) at the end of twelve (12) months from the date of ownership transfer if the Buyer has not constructed a single-family home on the property and obtained a Certificate of Occupancy12
ExpirationSeptember 30, 2027shall continue thereafter until September 30, 2027, unless terminated sooner under the provisions hereof.2
Effective dateNot stated in the agreement—
SignatoryEdgar BobadillaEdgar Bobadilla, President10
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0014299 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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