Agreement 0013066, filed with the Texas Comptroller by CITY OF EL PASO.
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| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | CITY OF EL PASOCITY OF EL PASO, TEXAS ("City"), a Texas home rule municipal corporation | 7 |
| Contracting entity | MILLS PLAZA PROPERTIES V, LP, a Texas limited partnership and KRESS TUNNEL, LLC, a Texas limited liability companyMILLS PLAZA PROPERTIES V, LP a Texas limited partnership and KRESS TUNNEL, LLC a Texas limited liability company (collectively, “Applicant”) | 7 |
| Parent / guarantor | FML Acquisition GP, LLC, a Texas limited liability companyBy: FML Acquisition GP, LLC, a Texas limited liability company | 5 |
| Instrument | Chapter 380 Economic Development Program AgreementCHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT | 7 |
| Governing chapter | Chapter 380, Local Government Code<<<PAGE 1>>> 48 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EL PASO: That the City Manager be authorized to execute a First Amendment to that certain Chapter 380 Economic Development Program Agreement (“Agreement”) executed on April 26, 2022 by and between the City of El Paso (“City”) and the Mills Plaza Properties V, LP, a Texas limited partnership and Kress Tunnel, LLC, a Texas | — |
| Capital investment | $30,000,000.00Minimum Investment amount shall be $30,000,000.00 | 2 |
| Grant or incentive | $2,049,000.00economic incentives not to exceed $2,049,000. | 6 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 45,000The Kress, at completion shall include approximately 45,000 usable square feet | 9 |
| Acreage | 0.4236 acresProperty means approximately 0.4236 acres of real property | 9 |
| Performance deadline | December 31, 202612-month extension to December 31, 2026 to obtain a certificate of occupancy | 2 |
| Expiration | nulltwenty-four years from the Effective Date | 10 |
| Effective date | April 26, 2022executed on April 26, 2022 | 2 |
| Signatory | William KellWilliam Kell Chief Operating Officer | 5 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
The project will include the preservation of the iconic Kress Building in its current Art Deco style and will include the renovation of the interior of the building. Interior uses in the building will include approximately 15,0000 square feet of dining options and retail shops, approximately 15,0000 square feet of entertainment and meeting spaces, and approximately 15,000 square feet of hospitality amenities, including a spa, for the Plaza Hotel.
Agreement 0013066 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.
Where the contract says nothing, the field is left empty rather than filled with a guess.
This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.
Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.