Amended Business Incentive Agreement for Angus Grille

The Pittsburg Economic Development Corporation has approved a second amendment to its incentive agreement with Faysham LLC dba Angus Grille. This amendment extends performance deadlines and revises job creation and tax revenue requirements, allowing for tiered loan forgiveness linked to the company's achievement of specified hiring, wage, and revenue targets.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

As of October 23, 2025; facility operational by July 9, 2025; loan term not explicitly specified

Renewal date

2025-07-09

Renewal

Original agreement was from May 15, 2024; first amendment December 11, 2024; second amendment as of October 23, 2025. Agreement may require early repayment if performance defaults occur. Amendment extends operational deadline and modifies forgiveness schedule; loan remains in effect until performance metrics satisfied.

Document type

Agreement

Source document

second_amended_economic_incentive_and_performance.pdf

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city-of-pittsburg-edc-meeting-minutes-may-9-2024_837.pdf

APPROVED

City of Pittsburg, Texas$60,000 incentive for equipment in the form of a forgivable loanMay 9, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of Pittsburg?

Faysham Llc Dba Angus Grille was awarded this financial services contract by Housing Authority of Pittsburg, as recorded on October 23, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in second_amended_economic_incentive_and_performance.pdf (Agreement), dated October 23, 2025 from Housing Authority of Pittsburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Faysham Llc Dba Angus Grille hold?

Faysham Llc Dba Angus Grille may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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