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Copy of the agreement
Previous Agreement Number:
Officer Title: Director of Economic Development
Phone Number: 972-218-1314
Email: msshepard@lancaster-tx.com
Comptroller’s Online Chapter 380-381 Economic Development Agreements Database
Note: For agreements that do not have a set expiration date, the expiration date will show as 12/31/2078. All information has been provided by local governments. Only agreements that are or were active as of Sept. 1, 2021, when HB 2404 went into effect or agreements that have been entered into, amended or renewed since then are required to be reported to the database.
Lancaster
Chapter 380-381 economic development agreement information as reported to the Comptroller by this entity.
About This Local Government
Local government type: City
Local government code: 0009383
Type of agreement: New
Record filed: 06/26/2024 10:32
Address of Local Government
Address
211 N Henry Street
Lancaster, TX 75146
Contact information for officer/other person representing the local government
Opal Mauldin-Jones
City Manager
972-218-1300
citysecretary@lancaster-tx.com
Entity Information
Entity Name: Mayflower Star LLC
Assumed Name of the Entity:
Business Address of Entity: 4907 Wildflower Lane, Temple, Texas 76502
Entity Contact Phone Number: 9722181314
Entity Contact Email: msshepard@lacnaster-tx.com
Agreement Information
Effective Date of Agreement: 02/26/2024
Expiration Date of Agreement: 12/31/2038
Counties that the agreement affects: Dallas
Total Monetary Value of Agreement: 640000.00
Terms on Which Agreement Expires: The agreement expires on December 31, 2038, unless terminated earlier due to default or failure to meet obligations such as obtaining a Certificate of Occupancy by January 31, 2028, and maintaining operational standards.
Source of Money Used or Type of Tax Implicated By the Agreement: HOT Funds and General Funds
Agreement Information
Agreement Number: 0009383
Purpose of Agreement
Mayflower Star LLC will build a Homewood Suites Hotel with at least 100 rooms and a minimum investment of $10 million. The City provides a tax rebate up to 40% for five years, extended up to 10 years at 50% if additional development criteria are met
Copy of the agreement
Previous Agreement Number:
Contact information for person submitting agreement to database
Officer Name: Shane ShepardOfficer Title: Director of Economic Development
Phone Number: 972-218-1314
Email: msshepard@lancaster-tx.com