HomeMy WebLinkAbout26-1005
DOWNTOWN REINVESTMENT GRANT AGREEMENT
Manager, and d20 Tavern LTD Company a Texas limited liability company with principal place
of business at 112 W. Oak St.,
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
City of Denton Economic Development Office and which is incorporated herein by reference; and
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 9th day of December 2025, Owner submitted an application for a
reinvestment grant with various attachments to the City concerning the contemplated use of the
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 $23,031 (the "Grant")
attributable to new Improvements, as hereinafter defined, being constructed on the
Premises.
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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.
B. A condition of receiving the Grant is that, by July 14, 2027, Owner will
complete paint and sign updates as described in Exhibit "B" (collectively, the "Improvements") on
the Premises.
C. 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.
D. Owner agrees to comply with all the terms and conditions set forth in this
Agreement.
E. 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, either
reduce the amount of the Grant or te1minate the Agreement.
F. 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
A. 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.
B. Prior to the payment of any portion of the Grant, Owner shall have constructed
the Improvements as specified in Exhibit "B."
C. If alterations to the paint or sign are made for any reason within one (1) year·
from final payment of the Grant, Owner is required to reimburse the City in the full amount of the
Grant.
D. Prior to the award of the Grant, Owner shall own or have a leasehold interest in
the Premises.
III.
RECORDS AND EVALUATION OF PROJECT
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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 forth 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:
D20 Tavern LTD Company
112 W. Oak. St.
Denton, TX 76201-4143
CITY:
Cassey Ogden, Interim City Manager
City of Denton
215 East McKinney
Denton, Texas 76201
Fax No. 940.349.8596
VI.
CITY COUNCIL AUTHORIZATION
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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
Page 4 of 6
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 of its
bligations hereunder 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 INDIRECTLY
ARISES FRO
OBLIGATIONS HEREUNDER AND ANY CONTESTS OR CHALLENGES TO THE
LEGAL AUTHORITY OF THE CITY OR OWNER TO ENTER INTO THIS
AGREEMENT AND ANY AND ALL LIABILITIES, LOSSES, COSTS OR EXPENSES
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
Page 5 of 6
CITY OR THE BREACH BY THE CITY OF THIS AGREEMENT.
This Agreement is executed and effective on this, the day of, 2026, (the
CITY OF DENTON
CASSEY OGDEN, INTERIM CITY MANAGER
ATTEST:
KRISTI FOGLE, INTERIM CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
BY:
OWNER:
D20 Tavern LTD Company
Mark Michnevitz, Owner
Page 6 of 6
EXHIBIT A
LEGAL DESCRIPTION OF THE PREMISES
Being the East-on-half of Lot 3, Block 5 of the ORIGINAL TOWN OF DENTON, an
Addition to the City of Denton. Denton County, Texas, according to the Plat thereof
recorded in Volume 4, Page 53, Plat Records, Denton County, Texas.
EXHIBIT B
APPLICATION AND IMPROVEMENTS
Project
D20 Tavern
YLEE INTERIORS CORPORATION
Email: yleeicorp@gmail.comDATE:5-20-2025
Date
5/20/2025
CustomerID:1202
Owner
Address
112 west Oak st
Estimate
City
Denton TX 76201
Sq. Footage
0sf
Phone : 972-302-1753
Estimator
Jong Lee
TOTA
DIVISIONSCOPE OF
$3,730.00
GENERAL CONDITIONS
Site Supervision$ 2,000.00
Project Signage$ 650.00
Final Clean - Heavy Clean$ 1,080.00
$3,950.00
Demolition
wall / cabinet / remove$ 3,950.00
$0.00
$12,820.00
WOOD/MILLWORK
food expo solid face Countertop installed$ 6,700.00
new custom counter base cabinet (laminate finish)$ 6,120.00
$10,280.00
FRAMING / CEILINGS / INSULATION
new wall metal framing restroom/ half wall$ 5,980.00
Drywall 5/8” gypsum$ 4,300.00
$14,280.00$14,280.00
electric workelectric work
1-relocate existing panel Reconet all existing equipment and light $ 14,280.00
And plug Power for 10-new plug.
Provide and 4 new can light 2- new xfan Provide and install 4
new emergency light
$3,800.00
DOORS/HARDWARE
prefinished 4 door with frame /hardware$ 3,800.00
$12,316.00
FLOORING
ceramic tile installed wet bar wall/floor/couter$ 4,096.00
floor cut for plumbing line with finish after inspectionfloor cut for plumbing line with finish after inspection$ 1,020.00$ 1,020.00
floor refinish$ 1,500.00
restroom tile 48" high/ floor tile$ 3,900.00
$ 1,800.00
water proofing membrane install
$5,050.00
PAINTING/WALL COVERING
1coat primer 2coat paint / wall / restroom$ 2,800.00
wall patch and mud tape plaster smooth finish$ 2,250.00
$4,400.00$4,400.00
MECHANICALMECHANICAL
extend restroom AC$ 4,400.00
$ 750.00
DUMPSTER
30YD l dumpster service$750.00
$2,650.00
other work
restroom/storage /ceiling grid with tile$ 2,650.00
$25,542.00$25,542.00
PLUMBINGPLUMBING
For Plumbing Including Demo existing restroom Demo water heater for reuse 64'
$ 25,542.00
Sanitary system
2 Floor drains and 1 Floor sink 1 Above ground grease trap 200' Hot and cold
water system Reconnect water heater
2 Toilets and 2 Lavatories
1 Mop sink
Hookup hand sink and bar sink NO GAS PIPING
NO PAINTING
TOTAL PLUMBING 21,285.00
0
$820.00$820.00
MISCELLANEOUS MISCELLANEOUS
grab bar dispensor restroom$ 820.00
Subtotal$99,638.00
NOTE
Overhead and Profit$-
Discount$-
Tax$-
Permit Cost$-
TOTAL CONSTRUCTION COST$99,638.00
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