second_amended_economic_incentive_and_performance.pdf
Amended Business Incentive Agreement for Angus Grille
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Description
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.
Contract Details
Vendor
FAYSHAM LLC DBA ANGUS GRILLE
Agency
Housing Authority of Pittsburg, TX
Contract Type
FINANCIAL_SERVICES
Document Date
October 23, 2025
Contract Term
As of October 23, 2025; facility operational by July 9, 2025; loan term not explicitly specified
Renewal Date
2025-07-09
Renewal Info
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.
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