HomeMy WebLinkAboutC2019-238 - 5/9/2019 - NA AMENDMENT NO. 1 TO DOWNTOWN DEVELOPMENT REIMBURSEMENT
AGREEMENT-- H2O Market Trust (Lucy's Snack Bar)
Whereas, on December 4, 2018, the Corpus Christi Tax Increment Reinvestment
Zone No. 3 (the "TIRZ#3") authorized a Downtown Development Reimbursement
Agreement between the City of Corpus Christi, as an agent of the TIRZ #3, and
H2O Market Trust (the "Developer") regarding the Development at 312 N.
Chaparral St. (the "Agreement"); and
Whereas, the Developer has requested an amendment extending the deadline for
completion of the Project until April 1, 2019 to allow the Developer time to complete
the necessary work to open the business;
NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:
1) Paragraph (a)of Section 3 of the Agreement is hereby amended as follows.
"(a) The Developer constructs all of the Improvements on the Property
on or before April 1, 2019 (the "Completion Date") in accordance with
Exhibit A and the City's building codes and policies."
2) All other terms and conditions of the previously executed Agreement
between the parties which are not inconsistent herewith shall continue in full force
and effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
C2019-238
5/09/19
H2O Market Trust
SIANNFfl
•
EXECUTED IN DUPLICATE ORIGINALS this day of v In x , 20 I'7by
the authorized representative of the parties.
City of Corpus Christi Developer
on Behalf of the TIR #
/2/4I// sly// i ,/_„LiVOAg ( ,. /
S.'�uel Keith ''el pan Ri hdrd� ax #
Interim City Manager T-tle:r,I ,n.1V IAA—
/
�
ate: 5. 3 - ( /
Date: , 57a-, / 7
gb,stei2v4t.:
Rebecca Huerta
City Secretary
proved as o Legal Form on 3 of en-ai , 20 tot .
4L'
{
Aimee Alcorn-Reed, Assistant City Attorney
Attorney for TIRZ#3
{
{
,