The firm looking to find a public sector partner for Tyler’s proposed hotel conference center is requesting more time.
The Tyler City Council will consider allowing a time extension to help find proper partners for the city during its regular meeting at 9 a.m. Wednesday in City Hall, 212 N. Bonner Avenue. The meeting is open to the public.
In September, the city signed a Memorandum of Understanding with Champ Hospitality LLC related to the development of a hotel and conference center, which is proposed to be constructed near the intersection of South Broadway Avenue and Toll 49. The purpose of the MOU is to summarize the terms for the HCC.
The memorandum outlines goals for Champ Hospitality and the city of Tyler.
According to its opening statement, the document is intended as a starting place for more conversation.
"This MOU is intended solely as a basis for further discussion and is not intended to be, and does not constitute, a legally binding obligation. No other legally binding obligations will be created, implied or inferred until all necessary debt and equity for the project are secured in their form and are approved, executed and delivered by all parties," according to the document.
But deeper in the document, in the memorandum’s financing section, Champ was given 120 days to get two letters of intent signed - one with a financier and another with a hotel operator.
Those deadlines are upcoming on Jan. 12 and on March 13.
Camp is requesting a time extension, which will be granted at the discretion of the council.
In other business:
The council will consider adopting an ordinance amending city codes to change a list of things at Tyler Pounds Regional airport.
Those include establishing an airport concession fee for onsite rental car companies, amending ready car rental space fees, prohibiting dual branding at a single leased counter space, clarifying airport wash bay fees and amending off-site car rental business permit fees.
Councilmembers also will consider appointing representatives to various city advisory boards.
Those include the Tax Increment Reinvestment Zone No. 1, Disabilities Issues Review Board, Traffic Safety Board and the Half Cent Sales Tax Board.
The Tyler Morning Telegraph will attend the meeting. For updates as they happen, follow @TMTFaith on Twitter.