The Henrietta Growth Corporation gave Henrietta Economic Development Director Rick Langford approval Monday night to move forward with an application for a Texas Capital Funds Grant.
Following approval, the HGC board went into executive session to discuss the financial status of a business that has shown interest in opening a location in Henrietta. Langford noted that discussions with the company are not to the point where the business can be disclosed publicly.
Langford said the company is interested in a .676-acre property adjacent to the Best Western Hotel on the Hwy. 287 south frontage road. He has received an application for business assistance.
To make the property usable, the city would first have to build a street from the hotel parking lot west to Clayton Road. The new street will solve an issue brought up by TxDOT, which will allow no new parking lot entries off the frontage road due to safety concerns.
Langford said the grant would cover the cost of constructing the street, as well as the expansion of any utilities needed. He said water and sewer lines already go to the property, located inside the city limits, and that three-phase electricity can be expanded from the neighboring hotel.
A utility easement is available behind the hotel and prospective business properties.
The city also has the option to allow common parking for the hotel, the new business and future development. Other parcels of land, between the Best Western and Clayton Road, are available. Harish Patel owns the property.
Langford has continued talks with Huddle House, a Georgia company with restaurants in 20 states and six in Texas. The company has shown interest in a franchise near the hotel.
Langford said that the grant competition is a points-based system, and the addition of a restaurant – and its employees – would add points for the city.
Langford is working on estimates to build a street and extend utilities.
Justin O’Malley, who hopes to have renovations of the former Whackers building completed in June, updated HGC on his progress Monday. O’Malley Arms, a custom gun shop, will be located in the building, located on the south side of the courthouse square.
O’Malley is requesting a façade grant to install lighting on the front of his building. The HGC board will meet in a special session Monday, May 14, at 5:30 p.m. to consider the request.