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Conduct a public hearing and consider a resolution approving the terms and conditions of a program to promote local economic development and stimulate business and commercial activity in the City, authorizing the City Manager to finalize and execute an Economic Development Program Agreement (Chapter 380 Agreement) and related Lease Agreement for such purposes with ADJ Restaurant Group, LLC, for the development of a restaurant in a City-owned building located in downtown Mesquite at 117 West Main Street, Mesquite, Texas (the "Premises"), providing for the lease of the Premises with an option to purchase the Premises for such price and upon such terms and conditions as set forth in the Agreement and Lease, and authorizing the City Manager to administer the Agreement and Lease on behalf of the City.
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In 2018, the City of Mesquite purchased the property located at 117 West Main Street in Downtown Mesquite with the goal of utilizing the property for downtown development purposes. In 2019, the City issued a Request for Qualifications to seek respondents interested in developing a restaurant at the property.
In Executive Session, Council directed staff to enter into negotiation with ADJ Restaurant Group to locate a restaurant at 117 West Main Street. Upon request, the restaurant prepared a business plan and staff and restaurant ownership negotiated lease agreement terms, which were reviewed with Council in Executive Session on June 15, 2020.
ADJ Restaurant Group requests to partner with the City of Mesquite through a Chapter 380 Agreement outlining the terms and obligations necessary to execute development of a restaurant at 117 West Main Street.
Conditions include:
* ADJ Restaurant Group to provide all tenant finishes in addition to all fixtures, equipment, fittings and furnishings as detailed in Exhibit E of the Lease.
* ADJ Restaurant Group to operate full-service restaurant with bar, indoor and outdoor dining and live entertainment.
* ADJ Restaurant G...
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