The Abatement RegisterRichardsonAgreement 0014637
Texas Chapter 380 / 381 agreement · Richardson

RealPage, Inc.

Agreement 0014637, filed with the Texas Comptroller by City of Richardson, Texas.

50–75%of ad valorem taxes assessed by City against the Tangible Personal Property abated
The obligation

What the contract requires.

“relocation of Company operations to the Leased Premises will create approximately 1,347 employment positions”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“Company shall immediately refund to City an amount equal to the amount of all of the Grants that have been provided by City to Company prior the date of such termination”Executed agreement, p. 13

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 Tangible Personal Property · p. 2

What was abated, and for how long.

fifty percent (50%)up to twelve (12) consecutive annual
seventy-five percent (75%)twenty-four (24) consecutive

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 Richardson, TexasThis Second Amended and Restated Economic Development Incentive Agreement (this “Agreement”) is made by and between the City of Richardson, Texas (“City”)1
Contracting entityRealPage, Inc.RealPage, Inc., a Delaware corporation (“Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Second Amended and Restated Economic Development Incentive Agreement (this “Agreement”)1
Governing chapterChapter 380, Local Government Codeand WHEREAS, City is authorized by Article III, Section 52-a of the Texas Constitution and Texas Local Government Code Chapter 380 to provide economic development grants to promote local economic development and to stimulate business and commercial activity in City;—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committed1,347 recital language, not a covenantrelocation of Company operations to the Leased Premises will create approximately 1,347 employment positions1
Wage requirement$77,000.00with an average annual salary of $77,000.00, before benefits1
Square footage420,990leased approximately 420,990 square feet of office space1
AcreageNot stated in the agreement—
Performance deadlineNot stated in the agreement—
ExpirationSeptember 1, 2028“Expiration Date” shall mean September 1, 2028, unless sooner terminated as provided herein.3
Effective dateNot stated in the agreement—
SignatoryAkash RajName; Akash Raj17
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 0014637 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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