FINANCIAL_SERVICESAPPROVED

Lewisville City Council Minutes 2026-05-18

City Approves Incentives for Nevermore Tavern Project

(1) 75% of mixed beverage and sales taxes for years 1–5; (2) 50% for years 6–10; (3) up to $10,000 mural grant; (4) up to $40,000 façade grant; (5) 100% waiver of City building permit feesCity of LewisvilleNEVERMORE PROPERTIES LLCMay 18, 2026

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Description

Lewisville City Council approved an economic development agreement with Nevermore Properties, LLC to support renovation of 170 W. Main Street into Nevermore Tavern. The City will provide tax-based grants, up to $50,000 in mural and façade support, and fee waivers over a ten-year term in exchange for improvements, operations, and public parking access.

Contract Details

Contract Amount

(1) 75% of mixed beverage and sales taxes for years 1–5; (2) 50% for years 6–10; (3) up to $10,000 mural grant; (4) up to $40,000 façade grant; (5) 100% waiver of City building permit fees

Vendor

NEVERMORE PROPERTIES LLC

Agency

City of Lewisville, AR

Contract Type

FINANCIAL_SERVICES

Document Date

May 18, 2026

Contract Term

Ten years of tax-based grants; mural and façade grants are one-time; fee waiver at time of building permit

Renewal Date

2036-12-31

Renewal Info

Agreement provides 10 years of performance-based tax grants; mural and façade assistance are capped one-time grants and permit fee waiver applies at time of building permit. No automatic renewal is described.