Seagraves, TX · Gaines County
Economic Development Performance Agreement
This proposed agreement sets out a $50,000 economic development grant and the requirements Perez Building Material, LLC agrees to meet.
What this form is
The agreement describes a proposed grant from the Seagraves Economic Development Corporation to help Perez Building Material, LLC purchase inventory for its hardware store. It sets conditions for the grant, including inventory, employment, reporting, tax, utility, and business-operation requirements, and explains what happens if the business defaults. The agreement identifies the parties and terms but does not provide a general application process.
Who needs it
The agreement is for the Seagraves Economic Development Corporation and Perez Building Material, LLC to review and sign for the proposed grant.
How to submit it
Submit it to the city department named on the form; check the city website for current contact details.
About notarization
This agreement has no notary block and is signed without a notary; it does not identify any attachment or related step that must be notarized or sworn.
How to submit this form
- 1
Download The Agreement
Download the Economic Development Performance Agreement PDF.
- 2
Review The Terms
Review the grant conditions, business requirements, and default provisions with the other named party.
- 3
Prepare The Required Statement
The agreement says Perez Building Material must provide a written statement listing suppliers, items, quantities, and purchase costs.
- 4
Sign And Submit
Sign the agreement and submit it to the city department named on the form; check the city website for current contact details.
Frequently asked questions
- What does the Economic Development Performance Agreement cover?
- It describes a proposed $50,000 grant for hardware-store inventory and sets requirements for inventory, employment, reporting, taxes, utilities, and continued operation.
- Who is this agreement for?
- The document names the Seagraves Economic Development Corporation and Perez Building Material, LLC as the parties to the proposed agreement.
- Do I need a notary for the Economic Development Performance Agreement?
- No. The agreement has no notary block and is signed without a notary. It does not identify an attachment or related step that must be notarized or sworn.
- How do I submit the Economic Development Performance Agreement?
- The document does not provide submission instructions. Submit it to the city department named on the form; check the city website for current contact details.