Title
Resolution - A Resolution of the City of Mansfield, Texas, Approving the Terms and Conditions of an Agreement With Texas Brew Works , LLC. Pursuant to a Program to Promote Economic Development and Stimulate Business and Commercial Activity In The City;Authorizing the City Manager to Execute Said Agreement For Such Purposes; and Providing an Effective Date
Requested Action
Consider approving the resolution authorizing the Chapter 380 Agreement with Texas Brew Works, LLC (Dirty Job Brewing)
Recommendation
Staff recommends approval of the resolution authorizing the Chapter 380 Agreement with Texas Brew Works, LLC (Dirty Job Brewing)
Description/History
Dirty Job Brewing (Texas Brew Works, LLC) opened on July 8, 2017 at 117 N. Main in historic downtown Mansfield and has been very successful. Increased demand has created the need to expand their brewing capacity and in order to do so they must install a minimum 3 barrel brewing system with an anticipated cost of $30,000 to $50,000. This agreement,if approved, will provide Dirty Job Brewing with a $20,000 forgivable loan to assist with the purchase and installation of this new brewing system.
Justification
See above information
Funding Source
The $20,000 will come from the City's General Fund.
Prepared By
Richard Nevins, Assistant Director Economic Development, 817-728-3652