Celina approves incentive agreement with Local Dive Collective

The City of Celina and the Celina Economic Development Corporation approved a Chapter 380 Economic Development and Performance Agreement with Local Dive Collective, LLC to develop and operate a restaurant and bar at 501 W. Walnut Street. The agreement provides up to $50,000 in combined reimbursements for qualified expenditures in exchange for a minimum $138,451 investment, operational commitments, and job creation through December 31, 2027.

Scope & details

The full contract record, as filed.

Contract amount

City: $25,000 reimbursement; CEDC: $25,000 reimbursement; minimum Developer Qualified Expenditures: $138,451.00

Contract type

OTHER

Contract term

Effective Date through December 31, 2027

Renewal date

2027-12-31

Renewal

Agreement term runs through December 31, 2027, with no explicit renewal options described in the summary; performance conditions and default provisions govern early termination or clawback of incentives.

Document type

Agreement

Source document

city-of-celina-economic-development-agreement_003.pdf

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Celina Economic Development Corporation Agenda Packet 2026-09-01

AMENDED

City of Celina city, TexasCity reimbursement $25,000; CEDC reimbursement $25,000; total grant not to exceed $50,000Sep 1, 2026

Celina Economic Development Corporation Agenda September 1, 2026

PENDING

City of Celina city, TexasSep 1, 2026

chapter_380_economic_development_agreement.pdf

APPROVED

City of Celina city, TexasUp to $50,000.00 total (City: $25,000.00; CEDC: up to $25,000.00)May 9, 2026

city-of-celina-economic-development-agreement_79a.pdf

APPROVED

City of Celina city, TexasUp to $25,000May 6, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Celina city?

Local Dive Collective Llc was awarded this government contract by City of Celina city, as recorded on May 6, 2025. The contract value is City: $25,000 reimbursement; CEDC: $25,000 reimbursement; minimum Developer Qualified Expenditures: $138,451.00.

How much is the Local Dive Collective Llc contract with City of Celina city worth?

The Local Dive Collective Llc contract with City of Celina city is valued at City: $25,000 reimbursement; CEDC: $25,000 reimbursement; minimum Developer Qualified Expenditures: $138,451.00.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in city-of-celina-economic-development-agreement_003.pdf (Agreement), dated May 6, 2025 from City of Celina city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Local Dive Collective Llc hold?

Local Dive Collective Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Local Dive Collective Llc's profile

What is City of Celina city currently buying?

Explore City of Celina city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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