OTHERAPPROVED

Lancaster Economic Development Corporation Agenda Packet May 2026

LEDC Approves Amended Incentive Agreement With Noble Lancaster

Not to exceed $150,000City of LancasterNOBLE LANCASTER LLCMay 17, 2026

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Description

The Lancaster Economic Development Corporation approved an amended and restated Performance Agreement with Noble Lancaster, LLC for a grant not to exceed $150,000 to support development of a new Starbucks facility near I-20 and North Houston School Road. The agreement requires specified capital investment, timely occupancy by June 30, 2028, and sets obligations through 2030 with City Council ratification.

Contract Details

Contract Amount

Not to exceed $150,000

Vendor

NOBLE LANCASTER LLC

Agency

City of Lancaster, TX

Contract Type

OTHER

Document Date

May 17, 2026

Contract Term

Effective date of agreement through December 31, 2030; facility must obtain Certificate of Occupancy by June 30, 2028 and operate at least through December 31, 2038 for compliance

Renewal Date

2030-12-31

Renewal Info

Amended and restated agreement replacing a prior July 22, 2024 performance agreement; term runs through December 31, 2030, with performance milestones including Certificate of Occupancy by June 30, 2028 and ongoing operation of the facility through at least December 31, 2038.