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Heath council approves EDC agreement and land sale for 1880 Kitchen, tying loans to construction milestones Council unanimously approved agreements enabling Troubadour Food and Beverage LLC to buy 1.639 acres for $500,000 and receive a two-part loan package up to $400,000 (a $250,000 0% construction reimbursement loan and a conditional $150,000 reimbursement if the restaurant opens by Dec. 31, 2027); EDC will retain second-lien status and require financial reporting.

Heath City Council has just greenlit a $500,000 land sale and up to $400,000 in loans for the exciting new 1880 Kitchen project, promising over 70 jobs by 2027!

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#HeathRockwallCounty #TX #HeathEconomicDevelopment #JobCreation #LocalBusinessSupport #CommunityInvestment

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Heath EDC approves incentive package for 1880 Kitchen including $500,000 land sale and two loans At its Oct. 21 meeting the Heath Economic Development Corporation approved an economic incentive agreement for the 1880 Kitchen project: a $500,000 land sale for about 1.6 acres, reimbursement and loan components, permit and survey fee abatements, and a performance condition tied to a December 2027 opening timeline. The vote was 4-0.

The Heath Economic Development Corporation has greenlit an impressive incentive package for the 1880 Kitchen project, including a $500,000 land sale and loans tied to its opening by December 2027!

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#HeathRockwallCounty #TX #CitizenPortal #HeathEconomicDevelopment

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