From
Megan Mahan
Title
Resolution authorizing an Economic Development Agreement and Five-Year Tenant Lease with Option to Renew for one Five-Year Term with Alchemy Events, LLC, for the Construction and Operation of a Restaurant at 321 Main Street
Presenter
Marty Wieder, Economic Development Director
Recommended Action
Approve
Analysis
Grand Prairie has made significant investments to revitalize our downtown area in the past few years with restoration of the Uptown Theater, development of a new Market Square, additional parking, working with building owners to create new facades, rebuilding sidewalks, and improving drainage. Adding to this focus on the downtown area, the City constructed a new Fire Station on the north side of Main Street. It provided a modern facility that serves the fire and EMS needs of the area. Grand Prairie Fire Department occupied the new Fire Station in the Fall of 2014, and the previously occupied 1950's era Fire Station has remained vacant.
To continue revitalization efforts in our downtown and attract more people into the area, the City desires to repurpose the old Fire Station as a restaurant. Staff prepared a Request for Qualifications (RFQ) and invited potential restaurant owners/operators to consider partnering with the City and promoting the viability of the downtown area as a destination. The RFQ was issued in April 2017, the City received four formal proposals, and three were selected for further investigation, negotiation, and interviews. Based on this process, staff recommended ALCHEMY EVENTS LLC as the tenant/restaurant operator who best fit the City's requirements.
ALCHEMY EVENTS LLC owners are experienced restaurateurs currently operating several venues in Los Angeles, CA. ALCHEMY EVENTS LLC president is Jason Alan Smith and vice-president Carlee Smith. Together, the two owners have a combined 10 years of experience in the food and event industry.
City staff negotiated an Economic Development Agreement with ALCHEM...
Click here for full text