Resolution authorizing a Fifteen-Year Tenant Lease with Option to Renew for two Ten-Year Terms with MLC Dallas Stadium Co, LLC (or related assignee), for the Conversion Construction and Operation of a Cricket Stadium in the Entertainment District for a base rent of $20,000 monthly for 80 months, and $10,000 monthly for the Remainder of the Lease and percentage rent of 5% of Gross Revenues; Economic Development Agreement for a Cash Grant of $1,300,000 for Construction, a $200,000 Maintenance Reserve, waiver of all construction building permit fees and impact fees, and a 100% rebate of the 1% General Fund sales tax for construction materials; Consent to Easement and Use Agreement between MLC Dallas Stadium Co, LLC (or related assignee) and Anschutz Texas, L.P. for related construction on ancillary land
What this record is
- Held by
- MLC Dallas Stadium Co, LLC
- Amount
- $1.30M
- Runs until
- September 10, 2035 9 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- amendment
- Field
- Real estate
real estate contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Attorney
- Introduced
- September 10, 2020
- On agenda
- November 17, 2020
- Passed
- November 17, 2020
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