Economic Development Performance Agreement Sample Contracts

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • June 8th, 2020 • Texas

This Performance Agreement (“Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Seabrook Economic Development Corporation, located in Harris County, Texas (hereinafter called “SEDC”), a Texas non-profit industrial development corporation under the Development Corporation Act and governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • May 11th, 2020 • Texas

This Performance Agreement (“Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Beeville Economic Improvement Corporation, located in Bee County, Texas (hereinafter called “Corporation”), a Texas non-profit industrial development corporation under the Development Corporation Act and governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act and (hereinafter called “Business”), otherwise known as the “Parties” to this Agreement.

TOMBALL ECONOMIC DEVELOPMENT CORPORATION ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • November 14th, 2023

This Agreement (the “Agreement”) is made and entered into by and between the Tomball Economic Development Corporation, an industrial development corporation created pursuant to Chapter 501 et seq. of the Texas Local Government Code, located in Harris County, Texas (the “TEDC”), and Imperial Star Solar (Cambodia) Co., Inc. (the “Company”), for a proposed development to be located at 19200 Hamish Road Tomball, Texas 77377 (the “Site”) (with the TEDC and the Company each being a “Party” and together the “Parties”), and is made effective by the Parties by the execution of this Agreement below by each Party’s authorized representative (the “Effective Date”).

SECOND AMENDED & RESTATED ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • March 12th, 2024 • Texas

This Second Amended & Restated Performance Agreement (“Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Bastrop Economic Development Corporation, located in Bastrop County, Texas (hereinafter called “BEDC”), a Texas non-profit industrial development corporation under the Development Corporation Act and governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act, and Moca Ventures Nebraska, LLC, a Texas entity (hereinafter called “Developer”), otherwise known as the “Parties” to this Agreement to amend and restate the original First Amended & Restated Economic Development and Performance Agreement enter into between the Parties dated as of February 7. 2022(“First Amended Performance Agreement”).

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT COLORADO RIVER PROJECT, LLC
Economic Development Performance Agreement • June 29th, 2021

This Economic Development Performance Agreement (“Agreement”) is entered into by County of Travis, a corporate and political subdivision of the State of Texas (“County”), and Colorado River Project, LLC, a Delaware limited liability company, qualified to do business in Texas, (“Company”), which owns or will own, or have allowable interest in (as described in 4.5 of this Agreement) taxable real property in Travis County, Texas.

ECONOMIC DEVELOPMENT PE RFORMANC E AGRE E M ENT
Economic Development Performance Agreement • March 11th, 2025 • Texas

This Economic Development Performance Agreement (Agreement) is made and entered into by and between the Sanger Industrial Development Corporation (SIDC), a Type 4A corporation under the Development Corporation Act of 1979 (Act), and the Sanger Education Foundation, Inc., a Texas non-profit corporation (SEF), on behalf of the Sanger Independent School District (SISD), together referred to as the Parties.

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • May 4th, 2020 • Texas

This Performance Agreement (“Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Seabrook Economic Development Corporation, located in Harris County, Texas (hereinafter called “SEDC”), a Texas non-profit industrial development corporation under the Development Corporation Act and governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • October 3rd, 2022 • Texas

This Performance Agreement (“Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Seabrook Economic Development Corporation, located in Harris County, Texas (hereinafter called “SEDC”), a Texas non-profit industrial development corporation under the Development Corporation Act, governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act; and Fay and Fay Properties, LLP, (Albert Bel Fay, Jr., Managing Partner), member of Fay & Fay GP, LLC, General Partner of Fay & Fay, LTD, a Texas limited partnership, f/k/a Fay & Fay, Inc, a Texas corporation, Seabrook Marina, Inc doing business herein as Regatta Inn Restaurant Seabrook, doing business at 1900 Shipyard Drive in Seabrook Marina, Seabrook, Texas 77586, (hereinafter called “Business”), otherwise collectively known as the “Parties” to this Agreement.

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • September 17th, 2021

nomic Development Corporation (“SEDC”), a Type B Corporation, and Main Street Seagraves, LLC, a Texas Limited Liability Corporation (“Main Street”).

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BY AND BETWEEN CITY OF SAN ANGELO DEVELOPMENT CORPORATION AND CALTECH SOFTWARE SYSTEMS INC.
Economic Development Performance Agreement • August 19th, 2016 • Texas

This Agreement is entered into by and between the City of San Angelo Development Corporation, a State of Texas non-profit Type B development corporation (“COSADC”) and CALTECH SOFTWARE SYSTEMS, INC., a Texas for profit corporation entitled to transact business in Texas (“Company”), and shall be effective from and after the 30th day of June, 2016 (the “Effective Date”).

FIRST AMENDMENT TO THE ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BETWEEN THE SEGUIN ECONOMIC DEVELOPMENT CORPORATION AND YUKON VENTURE PARTNERS, LLC.
Economic Development Performance Agreement • February 13th, 2024

This Second Amendment to the Performance Agreement (“Amendment”) is entered into to be effective as of , by and between the Seguin Economic Development Corporation, located in Seguin, Guadalupe County, Texas (hereinafter called “SEDC”), a Texas non-profit economic development corporation under the Development Corporation Act and governed by TEX. LOC. GOV. CODE chapters 501, 502 and 504 and the Texas Non-Profit Corporation Act and Yukon Venture Partners, LLC (hereinafter called “YUKON”), collectively known as the “Parties” to this Amendment.

ECONOMIC DEVELOPMENT & PERFORMANCE AGREEMENT BETWEEN
Economic Development & Performance Agreement • March 3rd, 2023 • Texas

This Economic Development and Performance Agreement (“Agreement”) is made and entered into by and between the City of Buda 4B Corporation, a Type B corporation created pursuant to the authority of the Development Corporation Act of 1979 (“BEDC”), and Robertsons Family Restaurant II, LLC, a Texas limited liability company, doing business as Brooklyn’s Down South (“Robertson” or “Company”), who may hereinafter be referred to collectively as the “Parties” and sometimes individually referred to as a “Party.”

HALLANDALE BEACH CRA ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • April 6th, 2012 • Florida

THIS PERFORMANCE AGREEMENT (the “Agreement”) is entered into this day of April, 2012 by High Tech Video Security International, Inc. (hereinafter referred to as the “Business”), and the Hallandale Beach Community Redevelopment Agency (hereinafter referred to as the “CRA”), who hereby agree as follows:

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BETWEEN THE SUGAR LAND DEVELOPMENT CORPORATION, AND PRC 03 STILES, LLC
Economic Development Performance Agreement • March 9th, 2023

The City of Sugar Land adopted an economic development sales tax and created the Sugar Land Development Corporation (the “SLDC”) to promote economic development activities as authorized by Chapter 501 of the Local Government Code. The SLDC and PRC 03 Stiles, LLC (“PRC”) wish to enter into this Agreement providing for the SLDC to make an economic incentive payment to PRC to reimburse it for a portion of its costs for certain infrastructure improvements to be constructed within the City’s corporate limits, that will serve businesses to be located on PRC’s property, in consideration of PRC performing the obligations imposed upon as specified in this Agreement.

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BETWEEN THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION AND JVEP COMMERCE CENTRE, LLC
Economic Development Performance Agreement • January 26th, 2024 • Texas

This Economic Development Agreement (“Agreement”) is made and entered into by and between the Benbrook Economic Development Corporation (“BEDC”) acting by and through its Board of Directors, a Texas nonprofit corporation organized under the Development Corporation Act of 1979, codified in Subtitle C1 of Title 12 of the Texas Local Government Code (Chapters 501 through 505) (the “Act”), and JVEP Commerce Centre, LLC (“JVEP”) (collectively, “the Parties”).

RESOLUTION NO. EDC-2024-16
Economic Development Performance Agreement • September 25th, 2024 • Texas

A RESOLUTION OF THE CITY OF SANGER, TEXAS (CITY), ESTABLISHING AN ECONOMIC DEVELOPMENT PROGRAM (PROGRAM) PURSUANT TO SECTION 380.001 OF THE TEXAS LOCAL GOVERNMENT CODE AND AUTHORIZING AS PART OF THE PROGRAM THIS CHAPTER 380 AND ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT (AGREEMENT) BY AND BETWEEN THE CITY, THE SANGER TEXAS DEVELOPMENT CORPORATION (STDC) AND RANDALL’S FOOD & DRUGS, LP, DOING BUSINESS AS TOM THUMB (GRANTEE), TO PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS AND COMMERCIAL ACTIVITY IN THE CITY; ESTABLISHING PERFORMANCE REQUIREMENTS; AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID AGREEMENT ON BEHALF OF THE CITY.

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • July 10th, 2024

This First Amendment to Economic Development Performance Agreement (this "Amendment") is entered into to be effective as of July , 2024 (the "Effective Date"), by and between the Bastrop Economic Development Corporation (hereinafter called “BEDC”), a Texas non-profit corporation, and Coltzin, LLC, a Texas domestic limited liability company (hereinafter called “Company”), and is effective as of the date of the last required signature hereto (“Effective Date”).

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • October 3rd, 2022 • Texas

This Performance Agreement (“Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Seabrook Economic Development Corporation, located in Harris County, Texas (hereinafter called “SEDC”), a Texas non-profit industrial development corporation under the Development Corporation Act, governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act; and Fay and Fay Properties, LLP, (Albert Bel Fay, Jr., Managing Partner), member of Fay & Fay GP, LLC, General Partner of Fay & Fay, LTD, a Texas limited partnership, f/k/a Fay & Fay, Inc, a Texas corporation, Seabrook Marina, Inc doing business herein as Regatta Inn Restaurant Seabrook, doing business at 1900 Shipyard Drive in Seabrook Marina, Seabrook, Texas 77586, (hereinafter called “Business”), otherwise collectively known as the “Parties” to this Agreement.

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • February 23rd, 2022 • Virginia

This Economic Development Performance Agreement (“Agreement”) is entered into and effective as of ________________, 2022, by and among TABB STREET DEVELOPMENT LLC, a Virginia limited liability company, (the “Company”), the CITY OF PETERSBURG, VIRGINIA, a municipal corporation and Virginia political subdivision, (the “City”), and the ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF PETERSBURG, VIRGINIA, a Virginia political subdivision (the “Authority”), to describe the agreement between the parties about the Authority’s economic development incentives to assist the Company in development of property for a hotel with common street address of 20 West Tabb Street, in the City of Petersburg, Virginia.

FIRST AMENDMENT TO PERFORMANCE AGREEMENT
Economic Development Performance Agreement • April 5th, 2023

This First Amendment to the Economic Development Performance Agreement (the “Amendment”), is made by and between the Seabrook Economic Development Corporation, a State of Texas Type B economic development corporation (the “SEDC”), and Fay & Fay Properties, LLP, a State of Texas limited liability partnership, or the related responsible entity under the Agreement (the “Company”) (with each being a “Party” and collectively, the “Parties”), and is executed by each Party’s authorized representatives.

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • October 25th, 2021 • Texas

This Economic Development Performance Agreement (“EDPA” or “Agreement”) is entered into the19TH day of November , 2021, (“the effective date”) by and between the Seagraves Eco- nomic Development Corporation (“SEDC”), a Type B Corporation, and Perez Building Material, LLC, a Texas Limited Liability Corporation (“Perez Building Material”).

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • February 21st, 2018 • Texas

(“Agreement”) is entered into to be effective as of the day of , 2018 (the “Effective Date”) by and between BAYLOR SCOTT & WHITE HEALTH, as agent on behalf of its affiliate, BAYLOR SCOTT & WHITE MEDICAL CENTERS – CAPITOL AREA (“BSWH”) and the BUDA ECONOMIC DEVELOPMENT CORPORATION (“BEDC”).

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
Economic Development Performance Agreement • December 13th, 2019 • Texas

ARLINGTON CONVENTION CENTER JV, LLC, a Delaware limited liability company ("Developer") is executed as of this day of , 2019 (the "Execution Date").

ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT BETWEEN THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION AND KIMBERLY NILES
Economic Development Performance Agreement • July 27th, 2022 • Texas

This Economic Development Agreement (“Agreement”) is made and entered into by and between the Benbrook Economic Development Corporation (“BEDC”) acting by and through its Board of Directors, a Texas nonprofit corporation organized under the Development Corporation Act of 1979, codified in Subtitle C1 of Title 12 of the Texas Local Government Code (Chapters 501 through 505) (the “Act”), and Kimberly Niles the duly authorized representative of Texas HomeMasters, LLC.

Contract
Economic Development Performance Agreement • January 26th, 2024
ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT ACUTRONIC REAL ESTATE HOLDING, INC. AND THE ACUTRONIC COMPANY
Economic Development Performance Agreement • October 3rd, 2023 • Texas

This Performance Agreement (this “Agreement”) is entered into to be effective as of the Effective Date (as defined in Article III below), by and between the Bastrop Economic Development Corporation, located in Bastrop County, Texas, a Texas Type B economic development corporation under the Development Corporation Act and governed by TEX. LOC. GOV. CODE chapters 501, 502 and 505 and the Texas Non-Profit Corporation Act (hereinafter called “BEDC”), created by, and for the benefit of the City of Bastrop, Texas (hereinafter sometimes called the “City”), Acutronic Real Estate, Inc. a Delaware corporation (hereinafter “Acutronic Real Estate”), and The Acutronic Company, a [Delaware corporation authorized to do business in the State of Texas (hereinafter called “Acutronic Operating Company”); the BEDC , Acutronic Real Estate and Acutronic Operating Company collectively referred to as the “Parties” to this Agreement.