The City of Coppell
File #: 2017-3680    Version: 1 Name: Plaza Lodging First Amendement to Tax Abatement - Resolution
Type: Resolution Status: Passed
File created: 12/4/2017 In control: City Council
On agenda: 12/12/2017 Final action: 12/12/2017
Title: Consider approval of a Resolution approving the First Amendment to Tax Abatement Agreement between the City of Coppell and Plaza Lodging, LLC, and authorizing the Mayor to sign.
Attachments: 1. Plaza Lodging First Amendment to Tax Abatement - Memo.pdf, 2. Plaza Lodging First Amendment to Tax Abatement Agreement - Resolution.pdf, 3. Plaza Lodging First Amendment to Tax Abatement Agreement - Agreement.pdf

Title

Consider approval of a Resolution approving the First Amendment to Tax Abatement Agreement between the City of Coppell and Plaza Lodging, LLC, and authorizing the Mayor to sign.

 

 

Summary

City Council approved a Tax Abatement Agreement with Plaza Lodging, LLC in December 2016.  This First Amendment to Tax Abatement Agreement extends the required deadlines for Commencement of Construction and Completion of Construction.

 

Fiscal Impact:

N/A

 

Staff Recommendation:

Staff recommends approval.

 

Goal Icon:

 

Business Prosperity