AGENDA CAPTION:
Title
Consider approval of Resolution 2018-33R, approving an Economic Development Incentive Agreement with Haddad Enterprises, LLC, DBA Leyali’s Mediterranean Grill, that grants a waiver of the requirement under Section 4.3.4.2 of the Land Development Code that a restaurant in the Central Business Area must be in operation for at least six months before it may sell beer and wine for on-premises consumption in connection with a proposed restaurant at 301 N. Guadalupe Street, Suite 154; authorizing the City Manager to execute said agreement on behalf of the City; and declaring an effective date.
Body
Meeting date: 3/6/2018
Department: CMO - Kevin Burke, Economic Development & Downtown Administrator
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: The City Council previously approved similar waivers for Crafthouse, Buzz Mill, Blue Dahlia and Verts.
City Council Goal:
Goal #4 Economic Development
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Comprehensive Plan Element (s):
☒ Economic Development - Diverse Local Economic Environment
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☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Not Applicable
Master Plan:
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Background Information:
The City seeks to promote local economic development and to stimulate business and commercial activity in the City by, among other things, encouraging new in-fill development and job creation in the downtown area. Haddad Enterprises, LLC, d.b.a. Leyali’s Mediterranean Grill, has proposed and intends to improve and occupy approximately 1,800 square feet of retail space in the existing building located at 301 N. Guadalupe Street (former post office building). Leyali’s Mediterranean Grill will serve food, wine and beer for consumption on the premises.
Improvements related to the conversion of the space to restaurant use are estimated at $148,000. These improvements will increase the ad valorem property tax value of the property and create new employment and entertainment opportunities downtown.
In order to commence full operation in a timely manner, Leyali’s Mediterranean Grill is requesting a waiver of Section 4.3.4.2(b)(8) of the LDC, under which the applicant is subject to a 6-month waiting period before wine and beer may be sold. The waiting periods are a significant impediment to the owner’s successful operation of the business; therefore, they respectfully request Council consideration of this request for a waiver under Section 1.4.4.1 of the LDC.
Council Committee, Board/Commission Action:
None.
Alternatives:
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Recommendation:
Staff recommends approval.