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File #: 2020-0369   
Type: Resolution Status: Approved
File created: 12/2/2020 In control: City Council
On agenda: 12/17/2020 Final action: 12/17/2020
Title: Consider a resolution authorizing the Mayor to execute the Second Amendment to Economic Development Agreement with Stonemill Hospitality, LLC.
Attachments: 1. Resolution, 2. Exhibit A, 3. Form 1295

Title

Consider a resolution authorizing the Mayor to execute the Second Amendment to Economic Development Agreement with Stonemill Hospitality, LLC.

 

Body

This item is a request to for a second amendment the 380 Agreement between the City of Round Rock and Stonemill Hospitality, LLC, (Embassy Suites Hotel). The request is for a six-month extension of the current agreement that was executed on August 8, 2019.

 

The amended agreement will provide SHLLC an extension of six months, with a new targeted completion date of January 1, 2022, to meet the terms of section 4.2 as outlined in the original agreement. No other terms of the agreement will change.

 

 

Cost: N/A

Source of Funds: N/A