OTHERAPPROVED

Lancaster Economic Development Corporation Agenda Packet May 2026

LEDC Commits Up to $350K in Grants to Noble

Up to $150,000 Site Development Grant plus $200,000 Additional Restaurant Grant; maximum LEDC payment $350,000City of LancasterNOBLE LANCASTER LLCMay 17, 2026

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Description

The Lancaster Economic Development Corporation committed up to $350,000 in combined site development and additional restaurant grants to Noble Lancaster, LLC under an amended performance agreement. Funding will reimburse development and permitting costs for a new Starbucks and support a second quick service restaurant, contingent on completion milestones and capital investment.

Contract Details

Contract Amount

Up to $150,000 Site Development Grant plus $200,000 Additional Restaurant Grant; maximum LEDC payment $350,000

Vendor

NOBLE LANCASTER LLC

Agency

City of Lancaster, TX

Contract Type

OTHER

Document Date

May 17, 2026

Contract Term

Through December 31, 2030; CO for primary facility by June 30, 2028; additional quick service restaurant must be completed during the same period

Renewal Date

2030-12-31

Renewal Info

Performance-based grants within an agreement term ending December 31, 2030; no explicit renewal options, but replaces a prior 2024 agreement and sets a new maximum payment cap.