AGENDA CAPTION:
Title
Consider approval of Resolution 2015-92R approving an Economic Development Incentive Agreement, pursuant to Section 1.4.4.1 of the Land Development Code ("LDC"), between the City of San Marcos and Willy Jack, L.L.C. 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; and at least 12 months before it may sell mixed beverages for on-premises consumption in connection with a proposed restaurant and bar at 242 N. LBJ Drive; authorizing the City Manager to execute said agreement on behalf of the City contingent upon the issuance of a Conditional Use Permit for on-premises consumption of alcoholic beverages by the Planning and Zoning Commission; and declaring an effective date.
Body
Meeting date: July 21, 2015
Department: City Manager
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
CITY COUNCIL GOAL: Economic Vitality and Responsible Finances
COMPREHENSIVE PLAN ELEMENT(s): Economic Development Goal 4: An enhanced and diverse local economic environment...
BACKGROUND:
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. Willy Jack, LLC, proposed to commence operations under the name CRAFThouse Urban Kitchen and Tap, has proposed and intends to improve and occupy approximately 5,000 square feet of retail space in the existing building located at 242 N. LBJ (currently occupied by Wally's). CRAFThouse will serve food, wine, beer, and mixed beverages for consumption on the premises.
Improvements related to the conversion of the space to restaurant use are estimated at $1.6 M, and are part of a larger adaptive reuse project that will mod...
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