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Home My WebLink AboutResolution - 2022-R0134 - Downtown Grant Program Façade to Broadway Market at 1318 BroadwayResolution No. 2022-R0134 Item No. 7.19 March 22, 2022 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 Broadway Market, LLC, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on March 22, 2022 L, - DANIEL M. P E, MAYOR ATTEST: Reb cca Garza, City SecletAy APPROVED AS TO C NT: YI.�Z Brianna Gerardi, Busine elopment Director APPROVED AS TO FORM: lli eisure, Assistant City Attorney ccdocs/RES. Market Lubbock DT Facade Expenditure -- Broadway Market 3.4.22 Resolution No. 2022-RO134 RE 22-14 RESOLUTION APPROVING BOADWAY MARKET, LLC AT 1318 BROADWAY DOWNTOWN FACADE GRANT 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, February 23, 2022, 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 Broadway Market, LLC, which is composed of three local investors, George Hardberger, Jim Gilbreath, and Rober Taylor. All three are very passionate about the revitalization of Downtown Lubbock into a vibrant and unique hub for activity in Lubbock. With the exciting new Lubbock Civ Park directly across the street, the Broadway Market missed -use development will become an eat, work and play destination for the citizens of Lubbock. The current concept incorporates an adaptive reuse of the old Community Health Center of Lubbock, whose very history was focused on serving the community. Our hope for this project is that it will continue to energize much needed local activity in our downtown, while supporting local businesses and spurring new creative concepts in the heart of our city. The property at 1318 Broadway is located within the downtown TIF. The scope of the facade work will include removing the existing exterior facade totaling $50,000 in expenses. 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 Broadway Market, LLC, a Downtown Facade Grant totaling $25,000 for the project at 1318 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, Mr. Walter Cathey and Seconded by Director, Mr. Matt Bumstead. IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with Broadway Market LLC, for improvements to the property at 1318 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. -11-041 i John Osborne, President & CEO Y4&1�AQ.�; Linda Davis, Secretary MARKET LUBBOCK, INC. - DOWNTOWN GRANT PROGRAM 1318 Broadway (Broadway Market, LLC) TOTAL FACADE SCOPE OF WORK = $50,000 FACADE GRANT = $25,000 M A R K E T LUBBOCK. Downtown Grant Program Presented to MLI Board February 23, 2022 Project 1318 Broadway (FaVade) Broadway Market, LLC is renovating the facade at 1318 Broadway, located in the Downtown TIF. Broadway Market, LLC is composed of three local investors, George Hardberger, Jim Gilbreath and Robert Taylor. All three are very passionate about the revitalization of Downtown Lubbock into a vibrant and unique hub for activity in Lubbock. With the exciting new Lubbock Civic Park directly across the street, the Broadway Market mixed -use development will become an eat, work and play destination for the citizens of Lubbock. The current concept incorporates an adaptive reuse of the old Community Health Center of Lubbock, whose very history was focused on serving the community. Our hope for this project is that it will continue to energize much needed local activity in our downtown, while supporting local businesses and spurring new creative concepts in the heart of our city. The scope of facade work will include removing the existing exterior facade totaling $50,000 in expenses. The MLI Board is being asked to consider a Downtown Facade Grant for Broadway Market, LLC totaling $25,000 at 1318 Broadway. LUBBOCK. 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 Phone: 806.749.4500 Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Email: jorge(�marketlubbock.org Date Initial Application Submitted (Due prior to start of construction or permits assigned) 11/12/21 Projected Project Start Date 12/01/21 Project Property Address 11318 Broadway Property LCAD R# I R107558 GENERAL INFORMATION ABOUT THE COMPA Company Name Broadway Market, LLC Street Address 1500 Broadway, Suite 1207 City, State, Zip Lubbock, TX 79401 GENERAL INFORM Name Title Phone Number Email ATION ABOUT THE COMPANY CONTACT George Hardber er Member/Manager 806-548-1451 hardber er mail.com INFORMATION ABOUT THE PROJECT Property Ownership: Own F-1 Grant Type (May choose both if applicable): Permittable ❑ uetaueoyroject summa Remove fagade exterior. Lease ❑ Owner Approved ❑ Fagade ❑ start date) and Description of Work: Summary of Expenses detailed bids attached Projected MLI Approved Reimbursement Remove fa de exterior $50,000 $25,000 TOTALI $50,000 $25,000 meat aids wm de used to caicu►ate the project cost and grant amount. 1 MLI 5.26.20 COMPANY BACKGROUND List any person or entity that has at least 5% ownership in the Applicant Company: Name Percent Name Percent Jim Gilbreath 33.33 George Hardber er 33.33 Robert Taylor 33.33 Is the firm registered with the Secretary of State's Office to do business in Texas? Yes Are you in good standing with the State of Texas? Yes If 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 IV It you answered "Yes" to either of the above two questions, please explain APPLICANT'S RESPONSIBILITIES (PROPERTY OWNER OR LEASEE) City of Lubbock requirements: City of Lubbock - Planning Department 806-775-2108 Contact the City of Lubbock to determine the following: ❑ Does the scope of work meet downtown standards and guidelines? ❑ Are permits required for any aspect of the scope of work? ❑ Are public improvements required? ❑ Is there a current Certificate of Occupancy on file for this property? Market Lubbock, Inc. (MLI) requirements: Manager of Downtown & Special Projects (Jorge Quirino) 806-749-4500 Application Packet: ❑ Initial application (page one of this document) must be received by MLI prior to the start of construction and/or before permits are assigned All remaining documents must be received and an application packet presented to the MLI Board no more than three months after the initial application is received by MLI. Date Final Documents Received: ❑ Copies of City permits or City approval ❑ Copy of Current Certificate of Occupancy ❑ Detailed 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 Approving Completion (Applicant responsible for final scope of work matching approved scope) Proof of Payment: ❑ PAID Invoices (must reference the approved project) ❑ Processed Checks, Bank or Credit Card Statements matching PAID invoices (legible copies) MLI 5.26.20 Overview • An Applicant must be a valid Owner or Tenant (Lessee) of the property needing improvements • Properties must fall within the Lubbock Downtown TIF boundaries (Central Business District TIF) • Single -Family residences and duplexes are excluded. • An Applicant is eligible to receive a permittable grant and/or fagade grant per property (LCAD R# or Development Lot), per enterprise, per year. Must wait one year from approval to apply again for the same property. (Expenses used in one application cannot be used in another application.) • Applicant is not eligible for grant program funding if delinquent in property taxes according to LCAD records - includes all LCAD properties listed in the applicants name • MLI disbursements are characterized as "reimbursable grants" - Applicant pays expenses first • Expenses eligible for reimbursement must relate to reasonable costs or expenses. • Receipt of an application is not a guarantee of grant approval. Grant Types Permittable Projects • Improvements require a City of Lubbock permit • Improvements may be made to the exterior and/or interior of the property • Improvements must total a minimum of $10,000 • The permittable grant reimburses 10% of approved expenses up to a $100,000 grant • Permittable scope of work that may be considered: • HVAC • Plumbing • Electrical • Structural • Any other work requring a City of Lubbock permit Fagade Projects • Improvements may or may not require a City of Lubbock permit • Improvements must be made to the exterior of the property facing the most prominent street • Improvements must total a minimum of $1,000 • The facade grant reimburses 50% of approved expenses up to a $25,000 grant • Facade scope of work that may be considered: • Painting • New windows and doors • Signage • Landscaping • Parking lots • Awnings • Any other work that improves the appearnce of the facade Signature (not required for electronic submittals): George H. per phone follow up Date: 1.31.22 Initial application received 11.12.21 3 MLI 5.26.20 ED THEEMOMPANY To: Broadway Market, Llc Contact: ariclampert@gmail.com Description: Removal of stone facade Removal of Stone facade incuding all strapping and ties assumed 15, 700 sf Haul off of all debris generated KC63ULU I tU UT: ON BEHALF OF: Broadway Market, Llc PROJECT MANAGER: Dane Kustes PM PHONE NO.: ESTIMATOR: Jared Lehr Page 1 of 1 REQUEST FOR CHANGE ORDER Ref.# COR-0001 GC Ref# Date Dec 08, 2021 Job # D21-377 Project: Community Health Center Of Lubbock - Whit 1318 BROADWAY ST Lubbock, TX 79401 Contact: Aric Lampert 2303 Shorecrest Drive, Dallas, TX 75235 214-502-2091 www.diedemocompany.com $45,456.00 Sub Total: $45,456.00 Mark Up: $4,544.00 10.00% Total: $50,000.00 J 41t d x #fir'4hr�;. • ti.. .r.�N•'' J� IT 4 •. r . . ri ,T__,.,, ft- �t' Sew Ramp. 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