CC MEETING: October 28, 2025
DATE: October 16, 2025
TO: Erin Rinehart, City Manager
FROM: Jenny Zeilfelder, Director of Economic Development
Ravi Shah, Executive Director of Development
Shannon Hicks, Assistant City Manager
Title
Consider A Resolution Authorizing The City Manager To Negotiate And Execute An Economic Development Incentive Agreement With The Kogi House, LLC For The Renovation Of 3044 Old Denton Road, Suite 310 In An Amount Not To Exceed $159,932.
Body
BACKGROUND:
The tenant of 3044 Old Denton Road, Suite 310 has requested a grant through the Specialty Restaurant Rehabilitation Grant Program for the renovation of the suite.
The total construction cost has been estimated to be approximately $4,932,142. The plans include an exterior façade remodel, upgrades to mechanical, electrical, plumbing and fire sprinkler system.
The City Council Re-Development Committee has reviewed the proposal and determined that it meets the eligibility requirements of the Specialty Restaurant Rehabilitation Grant Program. Grants under this program are performance-based. The Committee recommended a grant amount not to exceed $159,932. This is eight percent (8%) of the estimated $1,999,159 mechanical, electrical, plumbing and fire sprinkler system costs, as submitted by the applicant. The Re-Development Committee unanimously recommended approval of this grant at its September 9, 2025 meeting.
FINANCIAL IMPLICATIONS:
By recommendation of the City Council Re-Development Committee, the tenant is eligible for a grant not to exceed $159,932. The grant is receipt reimbursable. Funding is available in the program account.
IMPACT ON COMMUNITY SUSTAINABILITY:
This project will enhance the City’s economic base by renovating a vacant suite located in a major shopping center. The renovation and upgrades to 3044 Old Denton Road, Suite 310 will generate additional tax revenue and enhance the economic viability of the retail district along Old Denton Road, Frankford Road and the surrounding area
STAFF RECOMMENDATION/ACTION DESIRED:
Staff recommends City Council approval of a Resolution authorizing the City Manager to negotiate and execute an economic development incentive agreement with The Kogi House, LLC.