Title
Consider a resolution authorizing the Mayor to execute the First Amendment to the Economic Development Agreement with Stonemill Hospitality.
Body
This agenda item is a request to amend the 380 Agreement between the City of Round Rock and Stonemill Hospitality, LLC, (SHLLC). The request is for a two-year extension of the original completion date under section 4.2 of the original agreement resolved on January 26th of 2017. The amended agreement will provide SHLLC an extension of two-years, July 1, 2021, to meet the terms of section 4.2 as outlined in the original agreement. No other terms of the agreement will change.