PILLAR: Growing
AGENDA DATE: October 22, 2025
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize Supplemental Agreement No. 2 to the Chapter 380 economic development grant agreement ("Agreement") with Corinth Communications, Inc. dba The Dallas Examiner ("Grantee") previously authorized by City Council on June 28, 2023 by Resolution No. 22-0920, and as amended by Administrative Action No. 24-6423, related to capital improvements and construction costs for the property located at 4510 South Malcolm X Boulevard ("Project") to: (1) extend the Project completion deadline from September 30, 2025 to March 31, 2027; (2) amend the Project scope to remove external/internal painting, wrought iron security door with mailbox, electrical upgrade, plumbing upgrade, door replacement, and tempered glass for external door; (3) reflect that the grant payment will be made in one installment; and (4) reduce the grant amount not to exceed $39,755.00, from $82,115.00 to $42,360.00. Financing: South Dallas/Fair Park Opportunity Fund
*In alignment with Economic Development Incentive Policy.
Body
BACKGROUND
On June 28, 2023, the City Council authorized a Chapter 380 economic development grant agreement with Corinth Communications, Inc. dba The Dallas Examiner for capital improvements and construction costs related to the expansion and renovation of real property improvements located at 4510 South Malcolm X Boulevard in a total amount not to exceed $170,998.00, by Resolution No. 23-0920. The original terms and conditions of the Agreement were recommended by the Small Business Center (SBC) after an underwriting review. On May 13, 2023, the South Dallas/Fair Park Opportunity Fund Board of Directors recommended approval of the Agreement.
On October 26, 2024, Administrative Action No. 24-6423 authorized Supplemental Agreement No. 1, which ef...
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