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Copy of the agreement
Previous Agreement Number:
Officer Title: City Attorney
Phone Number: 281-996-3283
Email: khorner@friendswood.com
Comptroller’s Online Chapter 380-381 Economic Development Agreements Database
Note: For agreements that do not have a set expiration date, the expiration date will show as 12/31/2078. All information has been provided by local governments. Only agreements that are or were active as of Sept. 1, 2021, when HB 2404 went into effect or agreements that have been entered into, amended or renewed since then are required to be reported to the database.
Friendswood
Chapter 380-381 economic development agreement information as reported to the Comptroller by this entity.
About This Local Government
Local government type: City
Local government code: 0013325
Type of agreement: New
Record filed: 02/04/2026 09:29
Address of Local Government
Address
910 S Friendswood Dr.
Friendswood, TX 77546
Contact information for officer/other person representing the local government
Morad Kabiri
City Manager
281-996-3200
records@friendswood.com
Entity Information
Entity Name: Sterling Estates, LLC
Assumed Name of the Entity:
Business Address of Entity: 1506 E Winding Way Dr, Suite 401, Friendswood, TX 77546-5391
Entity Contact Phone Number: 2814823034
Entity Contact Email: adam.hill@sterling-builders.com
Agreement Information
Effective Date of Agreement: 02/03/2026
Expiration Date of Agreement: 12/31/2031
Counties that the agreement affects: Galveston
Total Monetary Value of Agreement: 492536.00
Terms on Which Agreement Expires: The agreement expires on December 31, 2031.
Source of Money Used or Type of Tax Implicated By the Agreement: Water/Sewer Working Capital Fund
Agreement Information
Agreement Number: 0013325
Purpose of Agreement
City’s Obligation:  To provide an economic incentive grant in an amount of $492,536. Developer’s Obligations:  To complete the redevelopment of the property on or before December 31, 2026;  To invest $2,900,000 in the project;  To create and maintain taxable value by tax year 2027 of at least $3,500,000 and thereafter throughout the term; and  To repay all or a portion of the economic incentive grant if the Developer fails to comply with the terms of the agreement.
Copy of the agreement
Previous Agreement Number:
Contact information for person submitting agreement to database
Officer Name: Karen HornerOfficer Title: City Attorney
Phone Number: 281-996-3283
Email: khorner@friendswood.com