The URL can be used to link to this page

Home My WebLink AboutResolution - 2021-R0121 - Downtown Facade Grant to Plains Realty 4.13.2021Resolution No. 2021-R0121 Item No. 7.20 April 13, 2021 RESOLUTION WHEREAS, pursuant to Article IV, Section 5 of the Amended and Restated Bylaws of the Market Lubbock Economic Development Corporation (the "Corporation"), the City Council of the City of Lubbock (the "City Council"), as the Corporation's authorizing unit, has the authority to approve all programs and expenditures of the Corporation; and WHEREAS, the City Council finds that it is in the best interest of the public to approve the program or expenditure, as proposed to the City Council by the Corporation, as set forth in Exhibit "A" attached hereto and incorporated herein by reference; NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Downtown Fagade Grant program or expenditure of the Corporation, in the amount set forth in Exhibit "A" attached hereto and incorporated herein by reference, to be provided to Plains Realty Investments, LLC, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on April 13, 2021 DANIEL M. POPE, MAYOR ATTEST: - - . Aq�e JK-1111 Rebe ca Garza, City Secr to VED AS TO Brianna Gerardi, Business Development Director APPROVED AS TO FORM: -eg a" Kelli sure, A t Citeyttorne§ ccdocs/RES. Market Lubbock DT Facade Expenditure Plains Realty 03.25.21 Resolution No. 2021-R0121 RE 21-18 RESOLUTION APPROVING PLAINS REALTY INVESTMENTS, LLC 513 BROADWAY DOWNTOWN FACADE AND PERMITTABLE GRANTS THE STATE OF TEXAS COUNTY OF LUBBOCK At a regular meeting of the Board of Directors of MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION, INC., a Texas nonprofit corporation (MLI), on Wednesday, March 24, 2021, held in conformity with the bylaws, after due notice as therein provided, a quorum being present and acting, the following resolution was unanimously adopted: WHEREAS, MLI presented to members of the Board the proposal of a possible Economic Development Grant and Contract to Plains Realty Investments, LLC for renovations to the property at 513 Broadway, located within the downtown TIF. The scope of facade work will include a new parking lot and landscaping totaling $41,831 in expenses. The scope of permittable work includes a new roof at $18,972 for a grand total of $60,803 in total renovations for the project. The terms and conditions of such Economic Development Grant and Contract, other than the normal terms and conditions applicable to all such Economic Development Grant and Contracts by the Corporation, are described generally as follows, to wit: Grant for Plains Realty Investments, LLC, a Downtown Fagade Grant of $20,916 and a Downtown Permittable Grant of $1,897 for the project at 513 Broadway, which is located within the Downtown TIF, once proof of payment has been submitted. WHEREAS, The Board of Directors of MLI finds that an Economic Development Grant and Contract offering the incentive for providing assistance for renovations to their property, meet and comply with the qualifications and purposes of the Corporation for the granting of such Economic Development Grants and Contracts. Upon Motion by Director, Ms. SuzAnn Kirby and Seconded by Director, Dr. John Opperman. IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with Plains Realty Investments, LLC, for the improvements to the building at 513 Broadway, Lubbock, Texas. This Economic Development Grant and Contract will be on the normal terms and conditions of such Downtown Grant Program and Contract offered by MLI to existing businesses and business prospects and authorize the CEO to enter into and execute all documents related to the Economic Grant and Contract. i John Osborne, President & CEO Linda Davis, Secretary MARKET LUBBOCK, INC. — DOWNTOWN GRANT PROGRAM 513 Broadway (Plains Realty Investments, LLC) TOTAL SCOPE OF WORK = $60,803 TOTAL GRANTS = $22,813 TOTAL FACJADE SCOPE OF WORK = $41,831 FAQADE GRANT = $20,916 TOTAL PERMITTABLE SCOPE OF WORK = $18,972 PERMITTABLE GRANT = $1,897 M A R K E T Downtown Grant Program Presented to MLI Board March 24, 2021 Project 513 Broadway (FaVade and Permittable) Plains Realty Investments is renovating their property at 513 Broadway, located in the Downtown TIF. Plains Realty Investments, LLC is a two member local real estate company formed in 2013. Chris McNeese is a lifelong Lubbock resident that is actively involved in residential and commercial projects across the city. Dustin Jones is a real estate broker an appraiser originally from Floydada. Both are graduates of Texas Tech University and have solid roots in West Texas and Lubbock specifically. Chris and Dustin began purchasing residential rent property in 2007 and continue to purchase and construct residential and commercial properties across the city. The scope of facade work will include a new parking lot and landscaping totaling $41,831 in expenses. The permittable scope of work will include a new roof at $18,972 for a grand total of $60,803 in total renovations. The MLI Board is being asked to consider a Downtown Fagade Grant for Plains Realty Investments, LLC totaling $20,916 and a Downtown Permittable Grant totaling $1,897 at 513 Broadway. LUBB(*CK. Downtown Grant - Application The information requested on this form will be used by Market Lubbock, Inc. for analysis of your project. MLI CONTACT INFORMATION Jorge Quirino - Special Projects Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Phone: 806.749.4500 Email: 0orge(cDmarketlubbock.ora *Applications must be received by MLI prior to pulling a City permit or starting construction *Scope of work must be approved by the City of Lubbock (more detail on page 3) Project Property Address 513 -Broadway Ave, Lubbock, TX GENERAL INFORMATION ABOUT THE COMPANY Company Name Plains Realty Investments, LLC Street Address 6824 Wayne Ave, St 3 City, State, Zip Lubbock, TX 79424 Federal Tax ID # 46-2577396 GENERAL INFORMATION ABOUT THE COMPANY CONTACT Name Dustin Jones or Chris McNeese Title Owners Phone Number 806.535.4278 Dustin or 806.548.3402 Chris Email dustin@dustinionesrealty.com Date Submitted 03/09/21 COMPANY BACKGROUND List any person or entity that has at least 5% ownership in the Applicant Company: Name Percent Name Percent Dustin Jones 50 Chris McNeese 50 Is the firm registered with the Secretary of State's Office to do business in Texas? Yes g Are you in good standing with the State of Texas? Yes IV r you answered "No" to either of the above two questions, please explain Is the firm and/or principals delinquent on any federal, state or local tax obligations? No si Has the company or principals of the company had prior bankruptcies or lawsuits? No r you answered "Yes" to either of the above two questions, please explain 9/17/19 1 MLI INFORMATION ABOUT THE PROJECT Project Name (MLI Use) 1513 Broadway Parking Lot/Landscape/Roof Project Property LCAD R# R112084 Property Ownership: Own 0 Lease ❑ Owner Approved ❑ Grant Type (Check One): Permittable ❑ Fagade ❑ Uetmeo Nroject Summary ana Uescrption of Work: Install new concrete at parking lot on West side of building that LCAD list as 517 Broadway (R112003). Landscape the parkways in front of 513, 515, 517 Broadway. Install new roof on 513 Broadway Ave. Project's NAICS Code (North American Industry Classification System) NAICS Description City Permit Total Amount (if applicable) Summary of Itemized Expenses: Projected MLI Approved Reimbursement MLI USE Fagade Cut out and grade for new concrete paving $9,025 $4,513 Concrete material/labor $25,376 $12,688 Stripe lines, curb stops, si na a $1,550 $775 Landscapinql $5 880 $2,940 20,916 Permittable Roof $18,972 $1,897 18,972 $1,897 TOTAL $60,803 $22,813 rinai Dius win ve usea to catcutare the project cost ana grant amount. 9/17/19 2 MLI Scope of work must be approved by the City of Lubbock The link below includes the City documents used to determine compliance: https://ci.lubbock.tx.us/departments/planning/design-guidelines The property owner or leasee Is responsible for communicating directly with the City of Lubbock to determine if any aspects of the scope of work require permits or public improvements. Public Improvements may be required if the project meets all four of the following criteria: 1) Located within the CBD TIF area; 2) Valuation of $100,000 or more; 3) Scope of work affects the fagade/exterior of the building and surrounding area 4) A building permit is required. CITY CONTACT Director of Business Development (Brianna Gerardi) Office 806.775.3082 DOCUMENTS REQUIRED FROM THE APPLICANT At the time of application: Application (must be received prior to construction starting or permits pulled) Written City Approval of: Permit Needs (Applicant is responsible for acquiring all appropriate permits) Public Improvement Needs Detailed/Itemized Construction Bids or Schedule of Values Before Picture (prior to construction beginning) Architectural Plans (if applicable) Architectural Renderings (if applicable) After completion of construction: Certificate of Occupancy or Similar City Document (Permit) City Written Verification of Guideline Compliance (Non -Permit) Proof of Payment: PAID Invoices Processed Checks, Bank or Credit Card Statements matching PAID invoices Applicant Signature: Date: 9/17/19 3 MLI Building Sketch Borrower/Client Proparty Address C4 County State Zip Code Lender Broadway Avenue Sidewalk Not Included �---------------------- 55;------------_---_-----� 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 515 Broadway Building c i j 1 1 513 Broadway c 1 1 Building w 0 u 1 1 1 � 1 1 c a p A 1 1 517 Broadway 3 1 1 v_ j Parking Lot In j [7575.75 Sq it] 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ------------- 1 1 24.5' 1 1 1 1 1 1 1 1 1 1 in 1 1 1 1 1 1 1 1 1 1 i�_____________________� i 26' i rn1 L---------------------- SS-------------------------------------------- 0------------ Alley--------J TOTAL Skein, M a la mode, irr- Area Calculations Summary Non -living Area Parking Lot 7575.75 Sq ft 115 x 54.5 = 6267.5 0.5 x 81 x 0.5 = 20.25 34 x 24.5 = 833 17.5 x 26 = 455 TOTAL Sketch software by a la mode, inc. 1-800-alamode 4818 CR 6300 Lubbock, Texas 79415 (806)765-5176 FAX (806) 765-5190 PROPOSAL Date: August 19, 2020 Proposal #CM-081920-01 Attn: Chris McNeese 48 Tuscan Villa Circle Lubbock, Texas 79423 •Labor, material & equipment to perform the following for 515 Broadway, Lubbock, Texas according to plans/specifications provided: -Cut/out and grade for new concrete paving Bid Price: $9,025.00 Notes: **Prices only include items mentioned above. Any extra work must be in the form of a change order from contractor w/price adjustments and must have a signature of approval from both R&R Ditching and contractor. **Proposal does not include any surveying, layout, topsoil provided for landscaping, material testing or treatment, SWP, or any other items not mentioned above. *Payment - Net 30 days from date of invoice. **Proposal must be signed and returned to our office before commencement of work. ***This nronosal's scone of work will supersede any other contracts produced for this project. All material is guaranteed to be as specified. All work to be completed in a workman like manner according to standard practices. Any alteration or deviation from above specifications involving extra cost will be executed upon written order, and will become an extra charge over and above the estimate. All agreements contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance. Our workers are fully covered by Workman's Compensation Insurance. This proposal is Qood only for 15 [lays. Bid By: Kevin Patterson Accepted By: Date: No Text Custom Stripe 806 N County Road 1600 Lubbock, TX 79416 US (806)577-7292 customstripetexas@gmail.com CustomStripeTexas.com Estimate ADDRESS Chris Mcniece PARKING (07 STRIPING 6 SEAICOATING ESTMATE # 1009 DATE 11/11/2020 EXPIRATION DATE 11/11/2020 PLEASE DETACH TOP PORTION AND RETURN WITH YOUR PAYMENT. ACTIVITY QTY RATE AMOUNT SMping Lines in Facility 18 10.00 180.00 Clean Lines with power sweeper and blower for proper adhesion. Spray one coat of Sherwin Williams commercial marking paint to Lines, Fire Lanes and Handicap Stencils Striping Lines in Facility:Fire lane 170 1.00 170.00 Curb Stops 18 50.00 900.00 Labor 1 300.00 300.00 Location: TOTAL $19550.00 517 Broadway Lubbock TX Accepted By Accepted Date Hiers Irrigation and Landscaping 6119 8th Drive Lubbock. Texas 79416 Phone, (806) 470 -7126 daniel_hiers@yahoo.com Bill To: Chris McNeese Ship To: I Estimate Number. E366 Date: March 10, 2021 (Description Quantity Price Tax 1 Amount Rock and fabric for Broadway office 2,60000 Plant material 1.28000 Red oak tree 900.00 Inigabon system 1,1€ 0.00 Sub -Total State Tax 8.25% on 0.00 Total 'Iff"ion in Texas is regulated by the Texas Commission on Environnrontal Quality (TCEQ) (MC-178) P. O Box 13087. Austin, Texas 78711-3087 TCEQ'a web site is waw tm stale $5,880.00 a o0 $5,880.00 ABF ROOFING & FOAM EST. 2007 702 Woodrow Rd. P.O. Box 64684 Lubbock. TX 79464 Phone: (806) 863-3626 Fax: (806) 863-3149 Chris McNeese and Dustin Jones 513 Broadway Street Lubbock, TX 79401 WE HEREBY PROPOSE to furnish labor and materials complete in accordance with the specifications below. TPO Roofing • Remove existing gravel ballast • Tear off BUR down to decking and repair any rotted decking • Mechanically fasten 3.5" polyiso insulation board • Fully adhere 60 mil Carlisle TPO per manufacture specifications • Fully adhere 60 mil Carlisle TPO on parapet walls • Install TPO base flashings at skylights • Install TPO pipe flashings • Install wood nailer on top of parapet walls • Install wood nailer at eave detail • Install 24 gauge prefinished eave trim at parapet walls and gutter detail • Install 24 gauge prefinished gutters and downspouts • 15 year Carlisle NDL warranty • ABF 2 year labor warranty Proposal Bid (Material Sales Tax Included) ........................................ $ 18,971.96 Payments to be made as following: 1. Upon Completion All material is guaranteed to be as specified. All work is to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from the above specification involving extra costs will be executed only upon written orders and will become an extra charge over and above the same estimate. All agreements are contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance. ABF Commercial Roofing: Date: Authorized Signature: Date: