To: Aaron Rector, City Manager
From: Ana Erwin, Assistant Director of Economic Development
Subject:
Title
Consider a Chapter 380 Economic Development Agreement Amendment for 200 Keller Parkway, Keller, TX 76248.
Background:
HOPS is a proposed 7,200-square-foot, high-end Pan-Asian steakhouse located at 200 Keller Parkway, developed by the owners of HUSH.
At its August 18, 2026 meeting, the City Council approved reimbursement of up to $159,049 in eligible impact and permit fees, payable over four years and contingent upon meeting established performance benchmarks.
The applicant has submitted a request for additional City assistance to offset costs associated with required drainage infrastructure improvements.
Applicable City Incentive Policies:
The proposed amendment would be considered under the City's Chapter 380 Economic Development Program, established by Resolution No. 4471, adopted January 18, 2022. The request remains subject to applicable program requirements and City Council approval.
Request Details:
The applicant is requesting an additional $100,000 to assist with labor and installation costs associated with required drainage infrastructure improvements.
If approved, the City's total potential incentive commitment would increase from $159,049 to $259,049.
Applicant Investment:
The applicant is redeveloping the property into an approximately 7,200-square-foot restaurant, including associated building, utility and site improvements.
Proposed Reimbursement and Performance Requirements:
The existing agreement provides reimbursement of eligible impact and permit fees over four years, contingent upon established performance benchmarks.
Any additional reimbursement would be limited to verified eligible costs incurred and paid by the applicant, subject to documentation and City approval. Final terms would be established through an amendment to the existing agreement.
Potential Economic and Community Impact:
The proposed restaurant would introduce a new upscale dining option to Keller, generate additional taxable sales and encourage reinvestment along Old Town Keller, Elm Street and Keller Prkway.
The requested assistance would help offset infrastructure costs associated with completing the redevelopment.
Keller Economic Development Board Recommendation:
At its November 16, 2026, meeting, the Keller Economic Development Board will consider the request and vote on a recommendation to the City Council.