Contract - Stonemill Hospitality - 8/8/2019 FIRST AMENDMENT
TO
ECONOMIC DEVELOPMENT AGREEMENT
This FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT "First
Amendment") by and between the City of Round Rock ("City") andStonemill Hospitality, LLC,
("SHLLC") is made and entered into this day of A it'J ' 2019, by and between the
City, and SHLLC.
RECITALS
WHEREAS, the City and SHLLC entered into that one certain Economic Development
Agreement (the "Agreement") effective January 26, 2017, setting forth various agreements and
understandings with respect to the City's agreement to provide SHLLC certain incentives in
consideration for SHLLC's agreement to construct an Embassy Suites Hotel and convention center
in the City; and
WHEREAS, the City and SHLLC now desire to amend the Agreement as described
herein;
NOW, THEREFORE, in consideration of the mutual covenants and conditions herein
contained,the parties agree as follows:
I.
Section 4.2 of the Agreement is hereby amended to read as follows:
4.2 Improvements and Additions to Real and Personal Property. SHLLC agrees to spend
a cumulative total of at least $20,000,000.00 in improvements to real property and additions to
personal property within the City no later than July 1, 2021, and maintain real property,
improvements, and business personal property within the City with a historic cost of
$20,000,000.00 during the Term of this Agreement.
II.
To the extent necessary to effect the terms and provisions of this First Amendment, the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
IN WITNESS WHEREOF,the parties have executed and attested this First Amendment
by their officers thereunto duly authorized.
R-?-a 02
00427842.DOCX
CITY OF ROU ROCK,TEXAS
By: m- /
Craig Morgan,Mayory
STONEMILL HOSPITALITY, LLC
By: pL_e'Z -�
Printed Name: r a
Title: . S�
2.
No Text
CERTIFICATE OF INTERESTED PARTIES
FORM 1295
1 of 1
Complete Nos.1-4 and 6 if there are interested parties. OFFICE USE ONLY
Complete Nos.1,2,3,5,and 6 if there are no interested parties. CERTIFICATION OF FILING
1 Name of business entity filing form,and the city,state and country of the business entity's place Certificate Number:
of business. 2019-524003
Stonemill Hospitality, LLC
Round Rock ,TX United States Date Filed:
2 Name of governmental entity or state agency that is a party to the contract for which the form is 07/31/2019
being filed.
City of Round Rock Date Acknowledged:
08/07/2019
3 Provide the identification number used by the governmental entity or state agency to track or identify the contract,and provide a
description of the services,goods,or other property to be provided under the contract.
000000- Embassy Suites
Hospitality, Food and Beverage, Meeting Space
Nature of interest
4
Name of Interested Party City,State,Country(place of business) (check applicable)
Controlling Intermediary
Mulij, Pradip Cedar Park, TX United States X
Patel, Rajnikant South Padre Island,TX United X
Patel, Bharat South Padre Island,TX United X
5 Check only if there is NO Interested Party. ❑
6 UNSWORN DECLARATION
My name is and my date of birth is
My address is
(street) (city) (state) (zip code) (country)
I declare under penalty of perjury that the foregoing is true and correct.
Executed in County, State of on the day of ,20
(month) (year)
Signature of authorized agent of contracting business entity
(Declarant)
Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V1.1.39f8039c