Contract - Stonemill Hospitality - 12/17/2020 SECOND AMENDMENT
TO
ECONOMIC DEVELOPMENT AGREEMENT
This SECOND AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT
"Second Amendment") by and between the City of Round Rock ("City") and Stonemill
Hospitality, LLC, ("SHLLC") is made and entered into this 1 r - day oft&6&be 2020, 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 entered into that one certain First Amendment to
Economic Development Agreement (the "First Amendment") effective the 81, day of August,
2019, extending the date for completion of the improvements to July 1, 2021; 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-,r-umulati�e_-,total--of-at-least--$20,000,000.0-0_--in_improvements- to-xeal property _and
additions to personal property within the City and to complete such improvements no later than
January 1, 2022, 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 Second Amendment,the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
R-2020-t)SLA
00460448.D00(
IN WITNESS WHEREOF, the parties have executed and attested this Second
Amendment by their officers thereunto duly authorized.
CITY OF ROUND ROCK, TEXAS
By:
Craig rgan, or
STONEMILL HOSPITALITY,LLC
By:
Printed Name: R"k
Title: Mew.I>e�
-- -- ---------
- - - -- - ----
2.
CERTIFICATE CIF INTERESTED PARTIES
1=c,RM-129.5
1ofS;
complete Nos.1-4,nnd if:ihere ace:tnteYested.parties OFFlbEUSE ONLY°
Gompiete No&1,2,;3,5,and 8 if there are no.interested,pames: CERTIFICA71C3N"01 TILItVG':
1 NaM4 of business entity filing forrn and the:6ty,,9tate and country of the busihdss entity`s place Certificate Number:
of business. 2020 695044•:
sionemiii.Hosphility L.LC
RoundRock,TX United States, Date Filed:,
2 Name of governments entity or state;agency that,i e Form.is 12/0212020
a party to the contract for which t
being filed..
'City.of Round ROek: Date:Acknowledged:
3 i?roviiie:the idenfifiGation number used by'the governmental,entity or state.agency ro track or identify the contract,and provide a
description of the services,goods,or other prop"'tu be provided under;the'contract.
,-000000.
-coRdmic�Deveiii. .. t'Aedreement
Nature of Interest
4• ,
t Name,of`lnterested Party' City;State,Country(place,of business) (check-applicable)
Controlling I Intermediary?
j
Patei,Bharat South Padre Island,TX United. Xx
:
Patel,Ftajrikant South Padre island,TX United:-X
Pifel,Pradip Cedar Dark,TX t1t1teti States X
j
i
f'
5 :Check oily if there is NO Interested,Party.
Q
6' B UNISWORN DECLARATION
tvlyname:is. . Vc-� Y�i i„. ` c G And.mydate'otbirth is
{' . y'e. :ty ; .; S" .- GC S Rfy.-address rs i O yt a rl w _ la,e ,
{street} (eitY) (:7t t's}: (zip cc"). (count
)declare birder penaity otperiiiry that the fdregoing is`true anti correct..
�T VVIC Exutt, ,l ouny `Stateof on te nj dayo n
a ,
� 20 Z c
i {ritontfij {year}
a;
� Sgnatur.e ofauihoYed agent qt"contraciirigkusiness e riiiy
f Eor7l provided,by Texas-Ethics Commission www ethics:state.tx:us Version V1A.W34673b
CERTIFICATE OF INTERESTED PARTIES
FORM 1295
1of1
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.
2020-695044
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 12/02/2020
being filed.
City of Round Rock Date Acknowledged:
12/03/2020
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
Economic Development Agreement
4 Nature of interest
Name of Interested Party City,State,Country(place of business) (check applicable)
Controlling Intermediary
Patel, Bharat South Padre Island,TX United X
Patel, Rajnikant South Padre Island,TX United X
Patel, Pradip Cedar Park,TX United States 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.cd346739