Plaza Lodging, LLC-Second Amendment to Civc Center Agreement-CN 2021-07-13STATE OF TEXAS §
§ SECOND AMENDMENT TO CMC CENTER AGREEMENT
COUNTY OF DALLAS §
This Second Amendment to Civic Center Agreement (the "Agreement") is made by and
between the City of Coppell, Texas ("City"), and Plaza Lodging, LLC, a Texas limited liability
company (the "Company") (collectively the "Parties," or singularly as a "Party"), acting by and
through their respective authorized officers and representatives.
WITNESSETH:
WHEREAS, the Parties entered into that certain Civic Center Agreement dated January 12,
2017, as amended by that certain First Amendment to Civic Center Agreement dated December 28,
2017 (collectively the "Civic Center Agreement"); and
WHEREAS, the Parties desire to amend Section 4.1 of the Civic Center Agreement to
extend the date for Completion of Construction of the Improvements, as set forth herein.
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, the Parties agree as follows:
1. That the Civic Center Agreement is hereby amended by amending Section 4.1,
Construction of Hotel and Conference Center, to read as follows:
"4.1 Construction of Hotel and Conference Center. Company shall,
subject to events of Force Majeure, cause Commencement of Construction of the
Hotel and Conference Center to occur on or before January 1, 2018; and subject to
events of Force Majeure, cause Completion of Construction of Hotel and Conference
Center to occur on or before September 30, 2023."
2. That this Second Amendment to the Civic Center Agreement shall take effect on the
last date of execution hereof.
3. That the Civic Center Agreement, except as amended herein, shall remain in full
force and effect.
4. That this Second Amendment to the Civic Center Agreement may be executed in
counterparts. Each of the counterparts shall be deemed an original instrument, but all of the
counterparts shall constitute one and the same instrument.
5. That each Party represents that it has full capacity and authority to grant all rights
and assume all obligations that are granted and assumed under this Second Amendment to the Civic
Center Agreement.
(Signature page to follow)
PAGE 1 SECOND AMENDMENT TO CIVIC CENTER AGREEMENT
CITY OF COPPELL AND PLAZA LODGING, LLC (TM 123249)
JEXECUTED on this /.L day of , 2021.
AY,
OF COPPEPL-01
, TEXAS
Approved
EXECUTED on this day of
By:
Mike an , City
ATTEST:
Ashley Owe , City Secretary
2021.
PLAZA LODGING, LLC
Dilip P. Pranav, Owner
PAGE 2 SECOND AMENDMENT TO CIVIC CENTER AGREEMENT
CITY OF COPPELL AND PLAZA LODGING, LLC (TM 123249)