Title
Conduct a public hearing and consider a resolution approving the terms and conditions of a program (Chapter 380 Agreement) to promote local economic development and stimulate business and commercial activity in the City and authorizing the City Manager to finalize and execute an agreement for such purposes with Ocampo Brothers, LLC, for a proposed new restaurant at 717 N. Bryan-Belt Line Road, Mesquite, Texas.
Body
The Martinez family, Ocampo Brothers, LLC, has purchased a commercial building at 717 North Bryan-Belt Line Road, the former site of the Steak Angus restaurant, in order to open the Bull’s Pen Café restaurant concept in Mesquite. The Martinez family also owns Martinez Restaurant at 901 Gross Rd., a Mesquite establishment for over 20 years.
The renovation of 717 North Bryan-Belt Line Road includes a completely remodeled dining area, privacy walls for the restroom entrances, restroom renovation, and kitchen and staging area upgrades. Additionally, the facility will be upgraded to meet current building code standards, including a utility water line, fire sprinkler and alarm system, and landscaping enhancements.
The Martinez family is requesting reimbursement of development fees of $2,193.80 and a Sales and Use Tax sharing agreement, based on the net City local collection rate of one percent of sales over a period of five years, not to exceed a total reimbursement of $52,806.20, as an incentive for the project which will bring a family-owned restaurant to the vacant location. The project will create 10 new full-time equivalent jobs in Mesquite.
Recommended/Desired Action
Following the public hearing, staff recommends approval of the resolution.
Attachment (s)
Resolution
Executive Summary
Drafter
Kim Buttram
Head of Department
David Witcher