RE 2013-0611.1
RESOLUTION NO. 2013-0611.1
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BY AND
BETWEEN THE CITY OF COPPELL, TEXAS, AND LODGING 5.05, LLC;
AUTHORIZING ITS EXECUTION BY THE MAYOR; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS,
the City Council has been presented a proposed Tax Abatement Agreement by
and between the City of Coppell, Texas, and Lodging 5.05, LLC, a copy of which is attached hereto
and incorporated herein by reference; and
WHEREAS,
upon full review and consideration of the Agreement, and all matters related
thereto, the City Council is of the opinion and finds that the terms and conditions thereof should be
approved, and that the Mayor should be authorized to execute the Agreement on behalf of the City
of Coppell, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COPPELL, TEXAS, THAT
:
SECTION 1.
The Agreement attached hereto having been reviewed by the City Council of
the City of Coppell, Texas, and found to be acceptable and in the best interest of the City and its
citizens, be, and the same is hereby, in all things approved, and the Mayor is hereby authorized to
execute the Agreement on behalf of the City of Coppell, Texas.
SECTION 2.
The Council finds that the improvements proposed to be built upon the
Premises described in the Agreement will enhance the economic vitality of the community
through a combination of new capital investment, increased sales tax revenues, and the creation
of additional job opportunities.
SECTION 3.
The tax abatement to be granted by the Agreement will not include
inventory, and supplies.
SECTION 4.
The improvements proposed for the Premises will accomplish the tax
abatement guidelines of the City of Coppell, Texas.
1
that the City of Coppell, Texas, intends to enter into the Agreement. The notice given by the
City Manager included a copy of the Agreement approved by this Resolution.
SECTION 6. This Resolution and the Tax Abatement Agreement are hereby approved
by the affirmative vote of the majority of the members of the City Council of the City of
Coppell, Texas, at a regularly scheduled meeting of the City Council.
SECTION 7. This Resolution shall become effective immediately from and after its
passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas,
on this the I —day of�t„, ?, � ,2013.
CITY • COP LL, TEXAS /
A i bbi
• ' N SE BO HUNT, •YOR
ATTEST:
Ii�% . ∎1/_.
CHRISTEL PET—I OS,CITY SE ,' TARY
APPROVE I • TO FORM:
0
CIT • •RNEY
(PGS:7-10-12:56312)
2
Exhibit “A”
(copy of Tax Abatement Agreement to be attached)
3
STATE OF TEXAS §
§ TAX ABATEMENT AGREEMENT
COUNTY OF DALLAS §
This Tax Abatement Agreement (the "Agreement") is entered into by and between the
City of Coppell, Texas (the "City"), and Arosh, LLC, a Texas limited liability company (the
"Owner") (collectively the "Parties," or singularly as a "Party"), acting by and through their
authorized representatives.
WITNESSETH:
WHEREAS,the City Council of the City of Coppell, Texas (the "City Council"), passed
an Ordinance (the "Ordinance") establishing Tax Abatement Reinvestment Zone No. 72 (the
"Zone"), for commercial/industrial tax abatement, as authorized by the Property Redevelopment
and Tax Abatement Act, Chapter 312 of the Texas Tax Code, as amended (the "Tax Code"); and
WHEREAS, the City has adopted guidelines for tax abatement (the "Tax Abatement
Guidelines"); and
WHEREAS, the Tax Abatement Guidelines contain appropriate guidelines and criteria
governing tax abatement agreements to be entered into by the City as contemplated by the Tax
Code and were adopted within two (2) years of the date hereof; and
WHEREAS, the City has adopted a resolution stating that it elects to be eligible to
participate in tax abatement; and
WHEREAS, in order to maintain and enhance the commercial and industrial economic
and employment base of the Coppell area, it is in the best interests of the taxpayers for the City
to enter into this Agreement in accordance with said Ordinance, the Tax Abatement Guidelines
and the Tax Code; and
WHEREAS,Owner owns or is under contract to purchase land located at the intersection
of Divided Drive and Point West Boulevard, Coppell, Texas, being further described in Exhibit
"A" ("Land"), and intends to construct or cause to be constructed thereon a select service hotel
consisting of a minimum of six (6) stories in height and containing at minimum of one hundred
fifty (150) guest rooms ("Select Service Hotel"), with a conference center containing not less
than ten thousand (10,000) gross square feet of conference space attached to the Select Service
Hotel and serving the Select Service Hotel ("Conference Center")(collectively, "Select Service
Hotel" and "Conference Center", referred to as the "Improvements"), , as generally depicted on
the site plan attached as Exhibit`B": and
WHEREAS, Owner's development efforts described herein will create permanent new
jobs in the City; and
Page 1 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
WHEREAS, the City Council finds that the contemplated use of the Premises
(hereinafter defined), and the contemplated Improvements are consistent with encouraging
development of the Zone in accordance with the purposes for its creation and/or in compliance
with the Tax Abatement Guidelines, the Ordinance adopted by the City, the Tax Code and all
other applicable laws; and
WHEREAS, the City Council finds that the Improvements are feasible and practicable
and would be of benefit to the Premises to be included in the Zone and to the City after
expiration of this Agreement; and
WHEREAS, a copy of this Agreement has been furnished, in the manner prescribed by
the Tax Code, to the presiding officers of the governing bodies of each of the taxing units in
which the Premises is located; and
NOW, THEREFORE, in consideration of the mutual benefits and promises contained
herein and for other good and valuable consideration, the adequacy and receipt of which is
hereby acknowledged, including the expansion of primary employment, the attraction of major
investment in the Zone, which contributes to the economic development of Coppell and the
enhancement of the tax base in the City, the Parties agree as follows:
Article I
Definitions
Wherever used in this Agreement, the following terms shall have the meanings ascribed
to them:
"Approved Franchise" shall mean franchise agreements with Approved Franchisors
whereby the Owner is permitted to operate the Improvements as a Select Service Hotel and
Conference Center using the name and reservation system of the Approved Franchisor.
"Approved Franchisor" shall mean a national or international hotel franchisor, for a
specific hotel product, approved by the City; provided, however, that the City shall not
unreasonably withhold its consent to a franchisor of a Select Service Hotel and Conference
Center, and which is one of the five (5) largest national or ten (10) largest international hotel
chains as of such date. The City has approved Intercontinental Hotel Group, Hilton and Sheraton
as the initial Approved Franchisor.
"Bankruptcy or Insolvency" shall mean the dissolution or termination of a Party's
existence as a going business, insolvency, appointment of receiver for any part of a Party's
property and such appointment is not terminated within one hundred eighty(180) days after such
appointment is initially made, any general assignment for the benefit of creditors, or the
commencement of any proceeding under any bankruptcy or insolvency laws by or against such
Party, and such proceeding is not dismissed within one hundred eighty(180) days after the filing
thereof.
Page 2 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
"Base Year Taxable Value" shall mean the Taxable Value for the Land for the year in
which the Tax Abatement Agreement is executed.
"Casualty" shall mean the Premises is wholly or partially destroyed by fire, tornado,
hurricane, earthquake, flood or similar casualty that renders the Premises unfit for the intended
purpose.
"City" shall mean the City of Coppell, Texas.
"Commencement of Construction" shall mean that: (i) the plans have been prepared and
all approvals thereof and permits with respect thereto required by applicable governmental
authorities have been obtained for construction of the Improvements; (ii) all necessary permits
for the construction of the Improvements on the Land pursuant to the respective plans therefore
having been issued by all applicable governmental authorities; and (iii) grading of the Land or
the construction of the vertical elements of the Improvements has commenced.
"Completion of Construction" shall mean: (i) substantial completion of the Select Service
Hotel and the Conference Center; and (ii) a final certificate of occupancy has been issued for
Select Service Hotel and the Conference Center.
"Conference Center" shall mean a full service, upscale, conference center containing not
less than ten thousand (10,000) gross square feet of conference space, including at least four (4)
separate meeting rooms attached to, and serving the Select Service Hotel and operated pursuant
to an Approved Franchise.
"Effective Date" shall mean the last date of execution of this Agreement, unless the
context indicates otherwise.
"First Year of Abatement" shall mean January 1 of the calendar year immediately
following the first anniversary date of Completion of Construction of the Improvements, unless
the Owner elects to delay the First Year of Abatement until January 1 of the calendar year
following the second anniversary date of the Completion of Construction of the Improvements
by delivery of written notice of such election to the both the City and the Dallas Central
Appraisal District on or before January 1 of the calendar year immediately following the first
anniversary date of Completion of Construction of the Improvements..
"Force Majeure" shall mean any contingency or cause beyond the reasonable control of a
party including, without limitation, acts of God or the public enemy, war, riot, civil commotion,
insurrection, adverse weather, government or de facto governmental action (unless caused by
acts or omissions of such Party), fires, explosions or floods, strikes, slowdowns or work
stoppages.
"Freeport Goods" shall have the same meaning as assigned by Section 11.251 of the Tax
Code and Article VIII, Section 1-j of the Texas Constitution and located on the Property.
Freeport Goods does not include "Goods in Transit" as defined by Tax Code, Section 11.253.
Page 3 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
"Goods in Transit" shall have the same meaning assigned by Tax Code, Section 11.253.
"Improvements" shall mean collectively, the Select Service Hotel and attached
Conference Center.
"Land"means the real property described in Exhibit"A".
"Owner" shall mean Arosh, LLC, a Texas limited liability company.
"Premises" shall mean collectively, the Land and Improvements following construction
thereof.
"Required Use" shall mean the operation of the Select Service Hotel and Conference
Center and related amenities open to the public and serving the adjacent business community and
the citizens of the City, under and in accordance with the standards of an Approved Franchise.
"Related Agreement" shall mean that certain Civic Center Agreement by and between
the Parties dated approximate date herewith, and any other agreement by and between the City
and the Owner, its parent company, and any affiliated or related entity owned or controlled by
the Owner or its parent company.
"Select Service Hotel" shall mean the construction of a first class select service hotel
consisting of a minimum of six (6) stories in height and containing at least a minimum of one
hundred fifty (150) guest rooms, and restaurant facilities at which food and beverages are
prepared on site for at least two (2) meals per day (including breakfast) operated pursuant to an
Approved Franchise on the Land (and other ancillary facilities such as reasonably required
parking and landscaping more fully described in the submittals filed by Owner with the City
from time to time in order to obtain a building permit).
"Tangible Personal Property" shall mean tangible personal property, equipment and
fixtures, other than inventory or supplies owned or leased by the Owner and located at the
Improvements subsequent to the execution of this Agreement.
"Taxable Value" means the appraised value as certified by the Appraisal District as of
January 1 of a given year.
Article II
General Provisions
2.1 Owner is the owner of the Land, or is under contract to purchase the Land, which
Land is located within the city limits of the City and within the Zone. Owner intends to
construct the Select Service Hotel and attached Conference Center on the Land.
2.2 The Premises are not in an improvement project financed by tax increment bonds.
Page 4 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
2.3 This Agreement is entered into subject to the rights of the holders of outstanding
bonds of the City.
2.4 The Premises are not owned or leased by any member of the Coppell City Council
or any member of the Coppell Planning and Zoning Commission, or any member of the
governing body of any taxing units joining in or adopting this Agreement.
2.5 Owner shall, before May 1 of each calendar year that the Agreement is in effect,
certify in writing to the City that it is in compliance with each term of the Agreement.
2.6 The Land and the Improvements constructed thereon at all times shall be used in
the manner (i) that is consistent with the City's Comprehensive Zoning Ordinance, as amended,
and (ii)that, during the period taxes are abated hereunder, is consistent with the general purposes
of encouraging development or redevelopment within the Zone.
Article III
Tax Abatement Authorized
3.1 This Agreement is authorized by the Tax Code and in accordance with the City
Tax Abatement Guidelines, and approved by resolution of the City Council.
3.2 Subject to the terms and conditions of this Agreement, and provided the Taxable
Value of the Improvements, excluding the Land, is at least $5.5 Million as of the First Year of
Abatement and as of January 1 of each calendar year thereafter for a total period of ten (10)
consecutive years, the City hereby grants Owner an abatement of the Taxable Value of the Select
Service Hotel and Conference Center (excluding the Land), and an abatement of the Taxable
Value of the Tangible Personal Property located therein for a period of ten (10) consecutive
years beginning with the First Year of Abatement in accordance with the schedule set forth
below. The actual percentage of Taxable Value of the Select Service Hotel and Conference
Center subject to abatement will apply only to the portion of the Taxable Value of the Select
Service Hotel and Conference Center that exceeds the Base Year Taxable Value. The actual
percentage of Taxable Value of the Tangible Personal Property located within the Select Service
Hotel and Conference Center subject to abatement will apply only to Tangible Personal Property
added to the Select Service Hotel and Conference Center after this Agreement is executed.
Year Percentage of Abatement
1 100%
2 100%
3 75%
4 75%
5 75%
6 75%
7 75%
8 75%
Page 5 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
9 50%
10 50%
3.3 The tax abatement herein authorized shall be for a period of ten (10) consecutive
years.
3.4 During the period of tax abatement herein authorized, Owner shall be subject to
all taxation not abated, including but not limited to, sales tax and ad valorem taxation on land.
3.5 During the term of this Agreement beginning on the date of Completion of
Construction of the Improvements and continuing thereafter until the expiration of the term, or
earlier termination, the Premises shall not be used for any purpose other than the Required Use
and the Owner shall not allow the operation of the Premises in conformance with the Required
Use to cease for more than thirty (30) days, except in connection with and to the extent of an
event of Force Majeure.
3.6 The term of this Agreement shall begin on the Effective Date and shall continue
until March 1 of the calendar year following the eleventh(11th) anniversary date of the First Year
of Abatement, unless sooner terminated as provided herein.
Article IV
Improvements
4.1 Owner owns or is under contract to purchase the Land and intends to construct or
cause to be constructed thereon the Improvements. Nothing in this Agreement shall obligate
Owner to construct the Improvements on the Land, but said actions are conditions precedent to
tax abatement pursuant to this Agreement.
4.2 As a condition precedent to the initiation of the Owner's tax abatement pursuant
to this Agreement for the Select Service Hotel and Conference Center and the Tangible Personal
Property located therein, Owner agrees, subject to events of Force Majeure, to cause
Commencement of Construction of the Select Service Hotel and Conference Center to occur
within eighteen (18) months after the Effective Date and subject to events of Force Majeure to
cause Completion of Construction of the Select Service Hotel and Conference Center to occur
within forty-eight (48) months after the Effective Date, as good and valuable consideration for
this Agreement, and that all construction of the Select Service Hotel and Conference Center will
be in accordance with all applicable state and local laws, codes, and regulations (or valid waiver
thereof).
4.3 Construction plans for the Select Service Hotel and Conference Center
constructed on the Land will be filed with the City, which shall be deemed to be incorporated by
reference herein and made a part hereof for all purposes.
4.4 Owner agrees to maintain the Select Service Hotel and Conference Center during
the term of this Agreement in accordance with all applicable state and local laws, codes, and
regulations.
Page 6 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
4.5 The City, its agents and employees shall have the right of access to the Premises
during construction and following construction to inspect the Select Service Hotel and
Conference Center at reasonable times and with reasonable notice to Owner, and in accordance
with visitor access and security policies of the Owner, in order to insure that the construction and
operation of the Select Service Hotel and Conference is in accordance with this Agreement and
all applicable state and local laws and regulations (or valid waiver thereof).
Article V
Default: Recapture of Tax Revenue
5.1 In the event Owner: (i) fails to cause Commencement and/or Completion of
Construction of the Select Service Hotel and Conference Center in accordance with this
Agreement or in accordance with applicable State or local laws, codes or regulations; (i) has
delinquent ad valorem or sales taxes owed to the City(provided Owner retains its right to timely
and properly protest such taxes or assessment); (iii)has an event of Bankruptcy or Insolvency; or
(iv) breaches any of the terms and conditions of this Agreement, or a Related Agreement, then
Owner, after the expiration of the notice and cure periods described below, shall be in default of
this Agreement. As liquidated damages in the event of such default, the Owner shall, within
thirty(30) days after demand, pay to the City all taxes which otherwise would have been paid by
the Owner to the City without benefit of a tax abatement for the property (the Select Service
Hotel, Conference Center and Tangible Personal Property located therein) the subject of this
Agreement at the statutory rate for delinquent taxes as determined by Section 33.01 of the Tax
Code, as amended, but without penalty. The Parties acknowledge that actual damages in the
event of default termination would be speculative and difficult to determine. The Parties further
agree that any abated tax, including interest, as a result of this Agreement, shall be recoverable
against the Owner, its successors and assigns and shall constitute a tax lien against the Premises,
and shall become due, owing and shall be paid to the City within thirty (30) days after notice of
termination.
5.2 Upon breach by Owner of any of the obligations under this Agreement, the City
shall notify Owner in writing, which shall have thirty (30) days from receipt of the notice in
which to cure any such default. If the default cannot reasonably be cured within a thirty(30) day
period, and the Owner has diligently pursued such remedies as shall be reasonably necessary to
cure such default,then the City may extend the period in which the default must be cured.
5.3 If the Owner fails to cure the default within the time provided as specified above
or, as such time period may be extended, then the City, at its sole option, shall have the right to
terminate this Agreement by providing written notice to the Owner.
5.4 Upon termination of this Agreement by City for reasons of default by Owner, all
tax abated as a result of this Agreement, shall become a debt to the City as liquidated damages,
and shall become due and payable not later than thirty (30) days after a notice of termination is
provided. The City shall have all remedies for the collection of the abated tax provided generally
in the Tax Code for the collection of delinquent property tax. The City at its sole discretion has
Page 7 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
the option to provide a repayment schedule. The computation of the abated tax for the purposes
of the Agreement shall be based upon the full Taxable Value of the Select Service Hotel and
Conference Center and Tangible Personal Property without tax abatement for the years in which
tax abatement hereunder was received by the Owner, as determined by the Appraisal District,
multiplied by the tax rate of the years in question, as calculated by the City Tax Assessor-
Collector. The liquidated damages shall incur penalties as provided for delinquent taxes and
shall commence to accrue after expiration of the thirty(30) day payment period.
Article VI
Annual Application for Tax Exemption
It shall be the responsibility of the Owner, pursuant to the Tax Code, to file an annual
exemption application form for the Select Service Hotel and Conference Center and the Tangible
Personal Property with the Chief Appraiser for each Appraisal District, or successor, in which
the eligible taxable property has situs. A copy of the respective exemption application shall be
submitted to the City upon request.
Article VII
Annual Rendition
The Owner shall annually render the value of the Select Service Hotel and Conference
Center and the Tangible Personal Property to the applicable Appraisal District, or successor, and
shall provide a copy of the same to the City upon written request.
Article VIII
Miscellaneous
8.1 Binding Agreement. The terms and conditions of this Agreement are binding
upon the successors and permitted assigns of the Parties hereto.
8.2 Limitation on Liability. It is understood and agreed between the Parties that the
Owner and City, in satisfying the conditions of this Agreement, have acted independently, and
the City assumes no responsibilities or liabilities to third parties in connection with these actions.
The Owner agrees to indemnify and hold harmless the City from all such claims, suits, and
causes of actions, liabilities and expenses, including reasonable attorney's fees, of any nature
whatsoever by a third Party arising out of the Company's performance of the conditions under
this Agreement.
8.3 No Joint Venture. It is acknowledged and agreed by the Parties that the terms
hereof are not intended to and shall not be deemed to create a partnership or joint venture
between the Parties.
8.4 Notice. Any notice required or permitted to be delivered hereunder shall be
deemed received three (3) days thereafter sent by United States Mail, postage prepaid, certified
Page 8 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
mail, return receipt requested, addressed to the Party at the address set forth below or on the day
actually received if sent by courier or otherwise hand delivered:
If intended for City,to: With a copy to:
Attn: City Manager Peter G. Smith
City of Coppell, Texas Nichols, Jackson,Dillard, Hager& Smith, L.L.P.
P. O.Box 478 1800 Lincoln Plaza
Coppell, Texas 75019 500 N. Akard
Dallas, Texas 75201
If intended for Owner, to: With a copy to:
Attn: Suhas Naik Leonard I. Margolis
Arosh, LLC 1518 Legacy Drive, Suite 270
2311 Texas Drive, Suite 105 Frisco,Texas 75034
Irving,Texas 75062
8.5 Authorization. This Agreement was authorized by resolution of the City Council
approved by its Council meeting authorizing the Mayor to execute this Agreement on behalf of
the City.
8.6 Severability. In the event any section, subsection, paragraph, sentence, phrase or
word herein 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.
8.7 Governing Law. This Agreement shall be governed by the laws of the State of
Texas without regard to any conflict of law rules. Exclusive venue for any action under this
Agreement shall be the State District Court of Dallas County, Texas. The Parties agree to submit
to the personal and subject matter jurisdiction of said court.
8.8 Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original and constitute one and the same instrument.
8.9 Entire Agreement. This Agreement embodies the complete agreement of the
Parties hereto, superseding all oral or written previous and contemporary agreements between
the Parties and relating to the matters in this Agreement, and except as otherwise provided herein
cannot be modified without written agreement of the Parties to be attached to and made a part of
this Agreement.
8.10 Recitals. The determinations recited and declared in the preambles to. this
Agreement are hereby incorporated herein as part of this Agreement.
Page 9 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
8.11 Exhibits. All exhibits to this Agreement are incorporated herein by reference for
all purposes wherever reference is made to the same.
8.12 Amendment. This Agreement may only be amended by the mutual written
agreement of the Parties.
8.13 Legal Construction. In the event any one or more of the provisions contained in
this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect,
such invalidity, illegality, or unenforceability shall not affect other provisions, and it is the
intention of the Parties to this Agreement that in lieu of each provision that is found to be illegal,
invalid, or unenforceable, a provision shall be added to this Agreement which is legal, valid and
enforceable and is as similar in terms as possible to the provision found to be illegal, invalid or
unenforceable.
8.14 Assignment. This Agreement shall be binding on and inure to the benefit of the
Parties and their respective heirs, executors, administrators, legal representatives, successors, and
permitted assigns. This Agreement may not be assigned by the Owner without the prior written
consent of City's City Manager, which consent shall not be unreasonably withheld, conditioned
or delayed.
8.15 Right of Offset. The City may at its option, offset any amounts due and payable
under this Agreement against any debt (including taxes) lawfully due to the City from the
Owner, regardless of whether the amount due arises pursuant to the terms of this Agreement or
otherwise and regardless of whether or not the debt due the City has been reduced to judgment
by a court.
8.16 Employment of Undocumented Workers. During the term of this Agreement, the
Owner agrees not to knowingly employ any undocumented workers and, if convicted of a
violation under 8 U.S.C. Section 1324a (f), the Owner shall repay the taxes abated herein, and
any other funds received by the Owner from the City as of the date of such violation within 120
days after the date the Owner is notified by the City of such violation, plus interest at the rate of
6%compounded annually from the date of violation until paid.
8.17 Approval of Parties. Whenever this Agreement requires or permits the approval
or consent to be given by a Party, the Parties agree that such approval or consent shall not be
unreasonably withheld, conditioned or delayed.
(Signature page to follow)
Page 10 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
EXECUTED in duplicate originals the 1 I lk
day of 14,,,.� , 2013.
CITY OF COPP LL,T S /
By: iA Lail bt)i.di
en Selbo Hunt,Mayo
Attest:
By: / � 1
Christel Pettinos, ity��a y
Agreed as to 'or ,:
/"/
By: ��/_//% /.,_,__ ,
City Attorney
Pr
EXECUTED in duplicate originals the 2I day of ' e4'‘A-'1. , 2013.
AROSH,LLC
1
/
By: ----------.
Suhas Naik,Manager
Page 11 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
Exhibit"A"
(Legal Description of the Land)
Lot 2R,Block C of the Duke Lesley Addition (5.005 acres).
•
Page 12 Tax Abatement Agreement Select Service Hotel and Conference Center
City of Coppell and Arosh,LLC(TM 56301)
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