RE 2020-0714.2 Tax Abatement Aloft
RESOLUTION NO. 2020-0714.2
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF THE FIRST AMENDMENT TO TAX ABATEMENT
AGREEMENT BY AND BETWEEN THE CITY OF COPPELL, TEXAS, AND
NORTHPOINT HOTEL GROUP, LLC, A TEXAS LIMITED LIABILITY COMPANY;
AUTHORIZING ITS EXECUTION BY THE MAYOR; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City entered into a Tax Abatement Agreement with Northpoint Hotel
Group, LLC on November 25, 2018 (“Tax Abatement Agreement”); and
WHEREAS, the City Council has been presented a proposed First Amendment to Tax
Abatement Agreement by and between the City of Coppell, Texas, and Northpoint Hotel Group, LLC,
a Texas limited liability company, a copy of which is attached hereto and incorporated herein by
reference; and
WHEREAS, upon full review and consideration of the First Amendment to Tax Abatement
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
First Amendment to Tax Abatement 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 First Amendment to Tax Abatement 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 First Amendment to Tax Abatement Agreement on behalf
of the City of Coppell, Texas.
SECTION 2. This Resolution shall become effective immediately from and after its
passage.
RESOLUTION - FIRST AMENDMENT TO TAX ABATEMENT AGREEMENT – ALOFT HOTEL
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas, on this
the day of `f 2020.
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ATTEST:
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CMJSTEL PE`FtNbS', CITY SECRETARY
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RESOLUTION - FIRST AMENDMENT TO TAX ABATEMENT AGREEMENT- ALOFT HOTEL
E XHIBIT
(Copy of First Amendment to Tax Abatement Agreement to be attached)
RESOLUTION - FIRST AMENDMENT TO TAX ABATEMENT AGREEMENT – ALOFT HOTEL