The Abatement RegisterMesquiteAgreement 0014319
Texas Chapter 380 / 381 agreement · Mesquite

SRB Mesquite, LLC

Agreement 0014319, filed with the Texas Comptroller by City of Mesquite.

$25,000,000.00committed capital investment
December 31, 2027performance deadline
The obligation

What the contract requires.

“Minimum Capital Investment on or before December 31, 2027”Executed agreement, p. 11
“Minimum Capital Investment in the Capital Improvements. Thereafter, Company shall file a Capital Investment Certificate with the City demonstrating that it made or caused to be made the Minimum Capital Investment.”Executed agreement, p. 11
The remedy

What the contract says happens.

“the Company shall immediately pay to the City the sum equal to fifty percent (50%) of the most recent individual Incentive Payment paid by the City to the Company”Executed agreement, p. 18

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 · sales taxes the City collects from taxable sales occurring on the subject property · p. 2

What was abated, and for how long.

one-halffirst Incentive Tax 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 MesquiteCity of Mesquite, a Texas home rule municipality ("City")5
Contracting entitySRB Mesquite, LLCSRB Mesquite, LLC, a Texas limited liability company ("Company")5
Parent / guarantorSRB Holdings, LLCBy: SRB Holdings, LLC a Delaware limited liability company, its sole Member32
InstrumentAmended and Restated Chapter 380 Economic Development & Performance AgreementAmended and Restated Chapter 380 Economic Development & Performance Agreement5
Governing chapterChapter 380, Local Government Code___ 11-2026 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MESQUITE, TEXAS, APPROVING THE TERMINATION OF AN ECONOMIC DEVELOPMENT PROGRAM CHAPTER 380 AGREEMENT BETWEEN THE CITY AND SRB MESQUITE, LLC, DATED EFFECTIVE JANUARY 1, 2025, AND APPROVING THE TERMS AND CONDITIONS OF AN AMENDED AND RESTATED CHAPTER 380 ECONOMIC DEVELOPMENT AND PERFORMANCE AGREEMENT (“NEW AGREEMENT”) BETWEEN THE CITY AND SRB—
Capital investment$25,000,000.00Minimum Capital Investment in the Capital Improvements. Thereafter, Company shall file a Capital Investment Certificate with the City demonstrating that it made or caused to be made the Minimum Capital Investment.11
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage85,000 square feeta minimum of 85,000 square feet of the Sears Building6
Acreage18.6513 acreCompany currently owns an approximately 18.6513 acre parcel of land6
Performance deadlineDecember 31, 2027Minimum Capital Investment on or before December 31, 202711
ExpirationNot stated in the agreement—
Effective dateJanuary 1, 2026"Effective Date" January 1, 2026.9
SignatoryKarl WilliamsBy: Karl Williams32
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 0014319 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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