HomeMy WebLinkAbout26-0675
DOWNTOWN REINVESTMENT GRANT AGREEMENT
This Downtown Reinvestment Grant Agreement (the
and between the City of Denton, Texas, a Texas municipal corporation duly acting herein by and
through its City Manager , and McKarroll Partners, LLC, a Texas limited liability
company with principal place of business at 325 W. McKinney Street, Denton, TX 76201
No. 2007-072, elected to offer downtown reinvestment grant incentives and has adopted
guidelines and criteria governing downtown reinvestment grant incentive agreements known as
the Downtown Reinvestment Grant Program Policy (the a copy of which is on file
in the City of Denton Economic Development Office and which is incorporated herein by
reference; and
WHEREAS, the Program constitutes appropriate and governing
downtown reinvestment grant incentive agreements to be entered into by the City;
WHEREAS, the Owner will be the owner or have a leasehold interest, as of the Effective
attached hereto and incorporated herein by reference and made a part of this Agreement for all
WHEREAS, on the 10th day of December, 2025, Owner submitted an application for a
reinvestment grant with various attachments to the City concerning the contemplated use of the
Premises (the which is attached hereto and incorporated herein by reference as
WHEREAS, the City Council of the City of Denton finds that the contemplated use of the
Premises, the Improvements (as hereinafter defined) to the Premises as set forth in this
Agreement, and the other terms hereof are consistent with encouraging development in
accordance with the purposes and are in compliance with the Program and similar guidelines and
criteria adopted by the City and all applicable law;
NOW, THEREFORE, the City and Owner for and in consideration of the premises
contained herein do hereby contract, covenant, and agree as follows:
I.
TERMS AND CONDITIONS OF REIMBURSEMENT GRANT
A. In consideration of and subject to the Owner meeting all the terms and conditions of
reimbursement set forth herein, the City will pay to the Owner the following reimbursement
grant:
1. A reimbursement grant in an amount not to exceed $50,000 (the
"Grant") attributable to new Improvements, as hereinafter defined,
being constructed on the Premises.
2.The Grant will be distributed to Owner as a lump sum
reimbursement upon completion of the Project, the receipt of
adequate documentation of expenditure of the Grant amount on
costs necessary and related to the Improvements as described in
Exhibit "B" attached hereto, and approval of the completed
Improvements by the City.
A condition of receiving the Grant is that, by May 5, 2027, Owner will complete paint,
roof repair, and utility upgrades as described in Exhibit "B" (collectively, the "Improvements")
on the Premises.
A condition of the Reimbursement is that the Improvements be completed and used
substantially in accordance with the description of the project set forth in Exhibit "B" and
comply with the requirements of the Program, which are incorporated herein by reference.
Owner agrees to comply with all the terms and conditions set forth in this Agreement.
The parties expressly understand and agree that City's payment of the Grant is
contingent upon City's receipt and appropriation of adequate funds to pay the Grant. If
adequate funds are not available to make the payment under this Agreement, City may, at its
option, eitherreduce the amount of the Grant or teminate the Agreement.
It is expressly understood that this Agreement in no way obligates the City to provide
more funds than the Grant amount.
II.
CONDITION OF REIMBURSEMENT
Prior to payment of any portion of the Grant, all ad valorem real prope1iy taxes with
respect to the Premises and all other prope1iy in the City owned by the Owner shall be current.
Prior to the payment of any portion of the Grant, Owner shall have constructed the
Improvements as specified in Exhibit "B."
If alterations to the are made for any reason within one (1) year·
fromfinal payment of the Grant, Owner is
required to reimburse the City in the full amount of theGrant.
Prior to the award of the Grant, Owner shall own or have a leasehold interest in the
Premises.
III.
RECORDS AND EVALUATION OF PROJECT
A. The Owner shall provide access and authorize inspection of the Premises by City
employees and allow sufficient inspection of financial info1mation related to construction of
the Improvements to ensure that the Improvements are made, and performance thresholds are
met according to the specifications and conditions of this Agreement. Such inspections shall
be done in a way that will not interfere with Owner's business operations.
IV.
GENERAL PROVISIONS
A. The City has adopted guidelines and criteria for the Program that allow it to enter into
this Agreement containing the te1ms set fo1th herein.
B. The City has determined that procedures followed by the City to enter into this
Agreement and the obligations of the parties to this Agreement conform to the requirements
of the Code and the Program.
C. In the event of any conflict between the City zoning ordinances, or other City
ordinances or regulations, and this Agreement, such ordinances or regulations shall control.
D. Owner represents and warrants that Owner is authorized to make the Improvements
to the Premises.
E. Pursuant to Section 2264. 051 of the Texas Government Code, Owner certifies that it
and its branches, divisions, or departments do not and will not knowingly employ an
undocumented worker.
V.
NOTICE
All notices called for or required by this Agreement shall be addressed to the
following, or such other party or address as either party designated in writing, by certified
mail postage prepare, by hand delivery or via facsimile:
OWNER: CITY:
McKarroll Partners, LLC Cassey Ogden, Interim City Manager
325 W. McKinney St. City of Denton
Denton, TX 76201 215 E. McKinney,
Denton, Texas 76201
Fax No. 940-349-8596
VI.
CITY COUNCIL AUTHORIZATION
This Agreement was authorized by the City Council by passage of Ordinance No.
authorizing the City Manager to execute this Agreement on behalf of the City.
VII.
SEVERABIILTY
In the event any section, subsection, paragraph, sentence, phrase or word is held invalid,
illegal or unconstitutional, the balance of this Agreement shall stand, shall be enforceable and
shall be read as if the parties intended at all times to delete said invalid section, subsection,
paragraph, sentence, phrase, or word. In the event that (i) the term of the Grant with respect to
any property is longer than allowed by law, or (ii) the Grant applies to a broader classification of
property than is allowed by law, then the Grant shall be valid with respect to the classification of
property abated hereunder, and the portion of the term, that is allowed by law.
VIII.
OWNER STANDING
Owner, as a party to this Agreement, shall be deemed a proper and necessary party in any
litigation questioning or challenging the validity of this Agreement or any of the underlying
ordinances, resolutions, or City Council actions authorizing same and Owner shall be entitled to
intervene in said litigation.
IX.
APPLICABLE LAW
This Agreement shall be construed under the laws of the State of Texas and is fully
performable in Denton County, Texas. Venue for any action under this Agreement shall be in
Denton County, Texas.
X.
ENTIRE AGREEMENT
This instrument with the attached exhibits contains the entire agreement between the parties with
respect to the transaction contemplated in this Agreement.
XI.
BINDING
This Agreement shall be binding on the parties and the respective successors, assigns,
heirs, and legal representatives.
XII.
COUNTERPARTS
This Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument.
XIII.
SECTION AND OTHER HEADINGS
Section or other headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement.
XIV.
NO JOINT VENTURE
Nothing contained in this Agreement is intended by the parties to create a partnership
or joint venture between the parties, and any implication to the contrary is hereby disavowed.
XV.
AMENDMENT
This Agreement may be modified in writing by the parties hereto to include other
provisions which could have originally been included in this Agreement or to delete
provisions that were not originally necessary to this Agreement.
XVI.
FORCE MAJEURE
If, because of flood, fire, explosions, civil disturbances, strikes, war, acts of God, or
other causes beyond the control of either Party, either Party is not able to perform any or all
shall be suspended during such period but for no longer than such period of time when the
party is unable to perform.
XVII.
INDEMNIFICATION
OWNER SHALL INDEMNIFY, SAVE AND HOLD HARMLESS THE CITY, ITS
ELECTED OFFICIALS, OFFICERS, AGENTS, ATTORNEYS AND EMPLOYEES
DEMAND, ACTION OR CAUSE OF ACTION WHICH DIRECTLY OR
OF ITS OBLIGATIONS HEREUNDER AND ANY CONTESTS OR CHALLENGES
TO THELEGAL AUTHORITY OF THE CITY OR OWNER TO ENTER INTO THIS
AGREEMENT AND ANY AND ALL LIABILITIES, LOSSES, COSTS OR
DISBURSEMENTS) THAT
ANY INDEMNITEES SUFFER OR INCURS AS A RESULT OF ANY OF THE
FOREGOING; PROVIDED, HOWEVER, THAT OWNER SHALL HAVE NO
OBLIGATION UNDER THIS PARAGRAPH TO THE CITY WITH RESPECT TO
ANY OF THE FOREGOING ARISING OUT OF THE GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT OF THE CITY OR THE BREACH BY THE CITY OF
THIS AGREEMENT.
ThisAgreementisexecutedandeffectiveonthis,thedayof,2026,
(thebydulyauthorizedofficialsoftheCityand Owner.
CITYOFDENTON
CASSEYOGDEN,INTERIMCITYMANAGER
ATTEST:
INGRIDREX,CITYSECRETARY
BY:
APPROVED AS TO LEGAL FORM:
MACKREINWAND,CITYATTORNEY
BY:
OWNER:
McKarroll Partners LLC
By: JNW Ventures, LLC, Manager
By:
John Withers,Memberof JNW Ventures, LLC
EXHIBIT1
LEGAL DESCRIPTION OF PROPERTY
EXHIBITB
APPLICATION AND IMPROVEMENTS
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5L PLUMBING LLC
Keaton Long M-44466
19001 North County Line Rd.
Ponder, TEXAS 76259
940-389-6596
5lplumbingcompany@gmail.com
DATE: December 16, 2025
BUILDER/HOMEOWNER: STAG Commercial LLC
PROPERTY ADDRESS: 325 W. McKinney, Denton, TX
Total Bid Amount: $15,250.00
*3% transaction fee for credit/debit card payments
Sewer Line Replacement Bid:
Description:
Up to 110 of hand dug sewer line replaced
Back fill clean up and haul off
Permit and Inspection
*Please note: Current sewer line is cast iron and has recently stopped up numerous times
All Material Is Guaranteed To Be As Specified And In Accordance With The Drawings/Blueprints Submitted.
Any Deviation From The Original Drawings/Blueprints Involving Extra Time Or Material Will Become An
Additional Charge.
Owner/Builder Is To Carry Fire, Tornado, Theft And Other Necessary Insurance Coverage. 5L Plumbing Will
Provide Proof Of Workers Compensation And General Liability Insurance Coverage.
5L Plumbing Warranties All Plumbing Fixtures, Pipes And Workmanship For One Year From The Issued Date
of the Final Draw. This Contract Is Binding Between 5L Plumbing And Builder Only and will be VALID FOR
30 DAYS FROM DATE OF ISSUE.
I Acknowledge That I Have Read And Agree To The Above Terms And Conditions
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Texas State Board Of Plumbing Examiners
7915 Cameron Road, Austin, Texas 78754
(512) 936-5200
ISSUED ON: 12/16/2025
All pricing includes Materials, Labor, Equipment and Taxes.
Suite 105 325 Mckinney.Replace14 SEER Single Phase 3 ½ Ton 80,000 BTU R-32 Gas Furnace
System and 14 SEERSingle Phase4 Ton 80,000 BTU R-32 Gas Furnace Systems.Including Crane, 4x4 Treated
Lumber for Condensers, Thermostat, Disconnect and Whips, Flue and Gas material, all other misc. materials
needed, and Freon at start-up. Comes with 1-Year labor warranty and a 5-Year parts and equipment
warranty. All quotes are good for 30 days. Payment is due upon approval. Discount added for loyal
customer.
With Discountfor Both Units 19,500.00
Server Room 325 Mckinney. Replace 14 SEER Single Phase 1 ½ Ton A/C only system. Including
Crane, 4x4 Treated Lumber for Condenser, Thermostat, Disconnect and Whip, Drain Pan and Float Switch,
Supply and Return Plenums, all other misc. materials needed, and Freon at start-up. Comes with 1-Year
labor warranty and a 5-Year parts and equipment warranty. All quotes are good for 30 days. Payment is due
upon approval. Discount added for loyal customer.
With Discount 7,500.00
Suite 103 325 Mckinney.Replace 5 TonSingle PhaseGas Package Unit. Including Crane, Curb
Adaptor, Thermostat, Disconnect and Whip, Flue and Gas material, all other misc. materials needed, and
Freon at start-up. Comes with 1-Year labor warranty and a 5-Year parts and equipment warranty. All quotes
are good for 30 days. Payment is due upon approval. Discount added for loyal customer.
With Discount 16,000.00
Suite 109 325 Mckinney.Replace two 3-Phase 4 Ton Gas Package Units. Including Crane, 4x4
Treated Lumber for Side Discharge Unit, Curb Adaptor for other unit, Thermostat, Disconnect and Whips,
Flue and Gas material, all other misc. materials needed, and Freon at start-up. Comes with 1-Year labor
warranty and a 5-Year parts and equipment warranty. All quotes are good for 30 days. Payment is due upon
approval. Discount added for loyal customer.
With Discount for Both Units 26,000.00
Suite 101 300 N. Carroll.Replace two 3-Phase 4 Ton Gas Package Units. Including Crane, 4x4
Treated Lumber for Side Discharge Unit, Curb Adaptor for other unit, Thermostat, Disconnect and Whips,
Flue and Gas material, all other misc. materials needed, and Freon at start-up. Comes with 1-Year labor
warranty and a 5-Year parts and equipment warranty. All quotes are good for 30 days. Payment is due upon
approval. Discount added for loyal customer.
With Discount for Both Units 26,000.00
Total Cost for full project if all done 95,000.00
Customer/Date
Stagg Properties/09/2025
Address:
325 Mckinney/300 N. Carroll Denton, Tx 76201
Phone:
Email:
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