HomeMy WebLinkAboutResolution - 2018-R0072 - Market Lubbock Expenditure - Mccourt Place - 02/08/2018Resolution No. 2018-R0072
Item No. 6.19
February 8, 2018
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 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 McCourt Place,
L.C., is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the
Corporation.
Passed by the City Council on February 8, 2018
L--� -
DANIEL M. POPE, MAYOR
ATTEST:
Reb cca Garza, City Secr tart'
APPROVED AS TO CONTENT:
� f
W. Jarrett Atkinson, City Manager
APPROVED AS TO FORM:
tt, Assigtant City Attorney
ccdocs. SMarket Lubbock Expenditure — McCourt Place, L.C. — Downtown Grant Program
January 26, 2018
M A R K E T
LUBBOCK_
Downtown Grant Program
Presented to MLI Board
January 24, 2018
Project 1001 Main St. (Permittable)
Mike McDougal, with McCourt Place, L.C., is renovating the interior of the building at 1001 Main St.,
located within the Downtown TIF. The scope of work will include an energy efficient phase on the HVAC
systems and controls along with LED lighting upgrades and elevator upgrades totaling $1,220,476 in
expenses.
The MLI Board is being asked to consider a Downtown Permittable Grant for McCourt Place, L.C., totaling
$100,000 at 1001 Main St.
MARKET LUBBOCK, INC. - DOWNTOWN GRANT PROGRAM
1001 Main St.
(Mike McDougal — McCourt Place, L.C.)
TOTAL SCOPE OF WORK = $1,220,476
PERMITTABLE GRANT = $100,000
M A R K E T
UBBOUIL�
Project Profile - Downtown
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: 806.723.8241
Market Lubbock, Inc.
1500 Broadway, Sixth Floor, Lubbock, TX 79401 Email: jorge.quirino@lubbockeda.org
'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 1001 Main Street; Lubbock, TX 79401
GENERAL INFORMATION ABOUT THE COMPANY
Company Name McCourt Place, L.C.
Street Address 4605 21 st Street
City, State, Zip Lubbock, TX 99407
Company Website lift .//www.loo net.com/Listin /1 QO1-Main-St-Lubbock-TX/41 5729/
Date Janua 9, 2018
COMPANY BACKGROUND
List any person or entity that has at least 5% ownership in the Applicant Company:
McDougal Capital
99,99%
1Yd111e vercent
Mike McDou al
f— 0.01%
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?
it you answerea "No" to either of the above two questions please explain
Yes
Is the firm and/or principals delinquent on any federal, state or local tax obligations? No
Has the company or principals of the company had prior bankruptcies or lawsuits? Yes
It you answered "Yes" to either of the above two questions please explain
General business litigation. McCourt Place, LC has no pending litigation.
1 MLI 12/5/17
INFORMATION ABOUT THE PROJECT
Project Name (MLI Use) JCourt Place Office Tower
LCAD R#'s (MLI Use) R108358, R87164, R317250
Grant Type (Check One):
Permittable Q
Fagade 0
wetaned Project Summary and Description of Work:
Permittable portion of the project is estimated at $1.3 million (actual bids attached). This project is in two
phases, Energy Efficiency and Elevator upgrades. The energy efficiency portion includes HVAC systems and
controls along with LED lighting upgrades.
Exterior work estimated at $50,000 (bids pending) to include rebuilding sidewalks on both sides of Main Street
between Avenue J and Texas Avenue to match how the city rebuilt during utility work (i.e. brick pattern bordering
the concrete). Note: Existing sidewalks are cracked and in need of replacement. It is our intention to upgrade
the work with the brick as described above instead of plain concrete.
Project's NAICS Code (North American Industry Classification System) 531120
NAICS Description I Lessors of Nonresidential Buildings
City Permit Total Amount (if applicable) $1,220, 776
Summary of Itemized Expenses:
LED Li htin U rades
Projected
$251,444
MLI Approved Reimbursement
MLI USE
HVAC Electronic Controls
$400,195
HVAC Piping Replacements
$282,250
RPZ (backilow preventer re wired by city code)
$15,943
Subtotal - Johnson Controls
$949,831
Electronic Elevators Controls and
Passenger Cab Renovations - Advanced Elevator
45
$2;,24
Miscellaneous related construction (i.e. climate
controlled enclosure for elevator equipment)
$7
Exterior Concrete Sidewalks (bids pending)
$59nQ
TOTALI
Final hirle mill hn weed Z ...J.. a-Z �6-
$1,350,000
$0
— -- -W11W 1aLV Via prvpieht cost and grant amount:
MLI 12/5/17
ELECTRICAL BID ($949,831)
CONTRACR AGREEMENT
This Contract Agreement (this "Agreement') is made and entered into by and between Johnson Controls, Inc.
('Company'), having offices at 1603 Loop 289 West, Lubbock, Texas 79416, and McCourt Place, LLC ( Client').
having Its principal office at 1101 M ain Street, Lubbock, Texas 79401.
RECITALS
WHEREAS, Client awns, operates, manages or otherwise controls certain buildings, facilities and property
identified in Schedule 1 (the "Premises') and desires to obtain certain equipment and services designed to reduce
energy andwater consumption and associated utility costs at the Premises;
WHEREAS, Client isauthor¢ed and empowered, and has taken all necessary action, under the Constitution the
laws of the State of Mississippi to enter into this Agreement.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and intending
be legally bound hereby. Client and Company hereto covenant and agree as follows
SECTION 1 THE PROJECT
Company shall develop, procure, construct, install and assist in commissioning the Facility Improvement
Measures specified in Schedule 1 (the "Work'). Company shall perform all activities and provide all materials,
supplies, tools and equipment necessary to complete the Work. Client shall make payments to Company for the
Work in accordance with Schedule 2.
SECTION 2 CONTRACT DOCUMENTS
The Contract Documents consist of this Agreement and the Schedules set forth below.
Schedule 1 — Premises
Schedule 2— Scope of Work
Schedule 3— Price and Payment Terms
SECTION 3 NOTICETO PROCEED: CONSTRUCTION SCHEDULE' SUBSTANTIALCOMPLETION
This Agreement shall become effective on the date of the last signature on the signature page below.
Company shall commence performance of the Work within ten (10) business days of receipt of Client's Notice to
Proceed, aform of which is attached hereto as Attachment 1, and shall achieve Substantial Completion of the Work
in accordance with the construction schedule to be agreed upon and finalized by Client and Company promptly
following the execution of this Agreement, subject to adjustments set forth in this Agreement. For purposes of this
Agreement, "Substantial Completion" means that Company has provided sufficient materials and services to permit
Client to operate the Facility Improvement Measures in accordance with their intended purpose and function
SECTION 4 STANDARDS FOR THE WORK; WARRANTIES
Company shall assure that all of the Work is accomplished in a workmanlike manner and in compliance with
the Contract Documents and that all services that require the exercise of professional skills or judgment shall be
accomplished by persons or firms qualified and competent in the applicable discipline and appropriately licensed, as
required by applicable law. Company shall perform the Work in such a manner so as not to harm the structural
integrity of the Premises or their operating systems. Company shall repair and restore to its original condition any
area of damage caused by Company's performance under this Agreement. All construction and installation of the
FIMs shall be in compliance with applicable building, fire and other codes in existence as ofthe date of the execution
of this Agreement. Company will promptly re -perform any defective Workfor no charge, as long as Client provides
written notice to Company within one (1) year following Substantial Completion. The foregoing warranty does not
Schedule 2 — Scope of Work
Company shall provide Client with the Scope of Work identified on this Schedule 2. Company shall supervise, coordinate,
and direct the Work and shall be solely responsible for construction means, methods, techniques, sequences, and
procedures for all Work under this Agreement. Company shall be responsible to pay for all labor, materials, equipment,
tools, construction equipment, machinery, transportation, facilities, and services necessary for the proper execution and
completion of the Work, whether temporary or permanent and whether or not incorporated or to be incorporated in the Work.
All completed Work will be fullyfunctional and installed in compliance with the local governing codes existing at the time of
execution of this Agreement.
General Mrk:
• Final engineering work for each Facility Improvement Measure (FIM) or partial FIM as required under the Agreement.
Once final engineering work is complete, some minor modifications to outlined Scope of Work may be required. No
modifications shall be made to the Workwithout prior approval of Client.
• One (1) each electronic copies of the Operations and Maintenance ('O&M') manuals shall be submitted to Client at
completion of the construction phase of the project.
• One (1) each electronic copies of as -built construction drawings for any major mechanicalfelectrical renovations and
the energy management control systems will be submitted to Client at completion of the construction phase.
• Company shall provide an as -built lighting table (similar to the tables listed in the below lighting FIM description) with
updated equipment counts to reflect actual Iampsrballasts/fixtures installed.
• All Workwill be coordinated with Client personnel to minimize interruptions, delays, or safety violations.
• All materials being installed by Company shall be new unless otherwise specified in this Schedule.
• Necessary protection will be provided by Companyto avoid damage to adjacent services in the surrounding workareas.
• The Johnson Controls Safety Specifications will be followed at all times. Any safety violations will be addressed
immediately. Work will not continue until any unsafe conditions are corrected.
• Work shall be performed in accordance with applicable state and local governing codesexisting at the time of execution
of the Agreement.
General Exclusions:
• HAZARDOUS MATERIALS. Unless specifically noted in this Scope of Work Company's obligations expressly exclude
any Work or Services of any nature associated or connected with the identification, abatement, cleanup, control,
removal, or disposal of hazardous materials or substances, including but not limited to asbestos, in or on the premises.
• Any structural modificationsto existing equipmentand infrastructure that isrequireddue to previously unknown deficient
structural conditions.
• Code upgrades for existing infrastructure and equipment scheduledto remain.
• Repair or replacement of defective mechanical, electrical or controls equipment, except the equipment described to be
replaced in the Schedule (Company will identify the location of defective equipment and notify Client personnel).
• Test and Balance of existing systems, unless specified in the Schedule.
• Existing building ventilation conditions and indoor air quality issues not included in this Schedule
• Engineering services, studies, and analysis associated with any exclusions or work clearly outside of the scope
definition.
• Repairs or upgrades to bring the existing systems up to code, including egress and American's with Disabilities Act
(ADA) code compliance issues.
60 page, full bid, available.
Facility I mprovement Measures
The following table surrmarizesthe Facility Improvement Measures (FIMs) to be implemented forth is project:
FIM No. I Description
FIM 1 Lighting Upgrades
FIM 2 Energy Management Control System Upgrade
FIM 3 HVAC Piping Modifications
FIM 1: Lighting Upgrades
The Work for this FIM includes materials, labor, engineering, and project management for the retrofit the existing lighting
system with LED lighting technology.
ASSUMPTIONS:
• All circuit breakers, contactors and switches are assumed to be operational and code compliant.
• All existing wiring is functional and code compliant.
FINAL ENGINEERING:
• Development of equipment submittals
FURNISH AND INSTALL:
• Labor and materials to perform the lighting system improvements as listed in the detailed Table 1.1.
• Wiping down prismatic lenses with dry cloth.
• Existing lamps, ballasts and other materials will be removed fromthe site by Company in accordance with
Federal, State, and Local regulations. It is also the responsibility of Company, acting as an agent forthe
Client, to ensure the proper disposal of hazardous waste in accordance with the Federal, State and Local
laws and regulations If PCB light ballasts are found, they will be disposed of accordingly listing the Client as
the "Generator" of the ballast waste.
• Light levels shall be measured in foot-candles by procedures recommended by the Illuminating Engineering
Society of North America 0ES) as depicted in their publication"The Lighting Handbook", 10th Edition, using a
calibrated light meter.
• In the absence of code -mandated light level requirements, Company shall use industry standards, primarily
the most recent edition of the Illuminating Engineering Society (IES) Lighting Handbook 10th Edition, IES
Recommended Practice documents, and IES Design Guides
• If specified materials become either temporarily or permanently unavailable for reasons beyond the control of
Company, thenthe expected time for performance of the work will be extended to the extent of unavailability
and Company reservesthe right to provide equivalent substitutions at no price increase.
Table 1.1
Line Floor Room #orUnique Existina
Identifier FixO
Proposed FIM Definition
Fix
1
Retrofit - 8' Industrial Fb(ture, Fluorescent,
(4) 48", T-8 lamps, Instant Start Ballast, NLO
9 Mechanical Rm 12
12
(0.85 < BF < 0.95), w/ LED Tube, (4) 48",
13VV LEDTube Line Votta a 13LEDT
Retrofd - 8' Industrial F b(ture, Fluorescent,
2 9 Mechanical Rm } 3
3
(4) 48", T-8 lamps, Instant Start Ballast, NLO
Office
(0.85 < BF < 0.95), w/ LED Tube, (4) 48",
13WLEDTube LineVotta e 13LEDT
f Retrofit - 8' Industrial Fixture, Fluorescent,
3 9 Elevator Equipment 12
1 2
I (4) 49', T-8 lamps, Instant Start Ballast, NLO
Rm
(0.85 < BF < 0 95), wl LED Tube, (4) 48",
II 13dV LED Tube, LlneVo'age, 13LEDT
Nell eplacement Fixture - xterior Wall
Pack Fixture, Metal Halide, (1) 100dV lamp,
4
Magnetic ballast, wit ExterlorWall Pack
9 Roof Exterior 2
2
Fixture, Light Emitting Diode (LED)
Luminaire (Multiple LEDs), 41W, with
Separate or Integrated Driver Component,
41 LEDF
Retrofd With KtJReflector- 2x4 Layin
Prismatic Fixture, Fluorescent, (4) 48", T 8
5 8 Hallway 16
16
lamps, Instant Start Ballast, NLO (0.85 < BF
< 0.95), w/ 2x4 Layin Prismatic Fixture, LED
Tube, (2) 48", 18W LED Tub es, Line
Voltage, 1 8LEDT2L Socket Bars
Retrofit With VGUReflector- 2x2 Layin
Prismatic Fb(ture, Fluorescent, (2) U-Tube,
6 8 Hallway 2
2
T-8 lamps, Instant Start Ballast, +nit 2x2 Layin
Prismatic Fixture, LED Tube, (3) 24", 15W
LED Tubes, Une Voltage, 1 5LEDT3L Socket
Bars
Relamp - Keyless Fixture, Compact
Fluorescent, (1) 23W screw -in lamp/base vd
7 8 Janitors Closet 1
1
permanent disk installed, any bulb shape, vd
Light Emitting Diode (LED) Screw -in Lamp,
11W, with Integrated Driver Component,
11LEDSI
Retrofd - 1 x 4 Surface M ount Prismatic
8 8
Fixture, Fluorescent, (2) 48", T-8lamps,
Men's Room 4
4
Instant Start Ballast, NLO (0.85 < BF <
0.95), w/ LED Tube, (2) 48", 1 3dV LED
Tubes Llne Voltage, 13LEDT
Retrofit - 1x4 Layin Prismatic Fixture,
Fluorescent, (2) 48", T-8 lamps, Instant Start
9 8
M en's Room
1
1
Ballast, NLO (0.85 < BF < 0.95), wit LED
Tube, (2) 48", 13dV LED Tubes, Line
Voltage, 13LEDT
Schedule 3 —Price and ftment Terms
Client shall make payments to Company pursuant to this Schedule 3.
Work. The price to be paid by Client for the Work shall be nine hundred forty-nine thousand eight hundred
thirty-one dollars and no cents ($ 949.831.00).
a. Payments from Client to Company shall include doom payment a down payment of ninety-four
thousand nine hundred eighty-three dollars and no cent ($ 94,983.00) which will become due upon
execution of the Notice to Proceed.
b. Additional payments shall be made by Client throughout the Construction Period as billed by
Company.
c. Company shall bill Client for the purchase of equipment as equipment arrives, aswell as monthly for
percentage of work completed.
TO: Tristan Thoma October 27, 2017
PO Box 95306
Lubbock TX 79464
BUILDING & Court Place
LOCATION Main Street
Lubbock TX 79401
WE PROPOSE:
ADVANCE ELEVATOR, INC. proposes to provide the necessary labor. material and
supervision to perform the following alterations on TXE 24430, 24431 at Court Place 1001 Main
Street Lubbock TX 79401:
1. Replace the existing controls with new from Elevator Controls. The controls will be
non-proprietary third party controls and will meet all the applicable codes for the
installation.
2. Retain the existing machine, add a Hollister Whitney rope brake to arrest un-intended
motion.
3. Retain the existing governors, we will clean and adjust as necessary for proper and code
compliant operation.
4. Replace the existing door operators with a new closed loop door operator from GAL.
5. Retain the existing Otis hoistway door interlocks, we will clean and adjust as necessary
for proper and code compliant operation.
6. Replace the existing car station with new #4 stainless steel car station from Innovation.
All the necessary components will be included with the service switches behind a locked
panel.
7. Replace the existing cab doors, returns and transoms with new #4 stainless steel
transoms, cab doors and returns by Elevated Cab Solutions.
8. Replace the existing hall buttons with new 44 stainless steel hall buttons from
Innovation.
9. Replace the existing hall lanterns with new 44 stainless steel hall lanterns from
Innovation, first floor hall lantern will have a position indicator integral with lantern..
10. Replace all the wiring in the machine room, hoistway and cab with new.
11. Provide all the necessary permits from the State for the elevator work accomplished.
12. Provide inspector for the acceptance test.
Once accepted the materials will take 10-12 week for delivery and 7 weeks per car for
construction.
We will provide this for Two Hundred Seventy Thousand, Six Hundred Forty Five Dollars
($270,645.00) plus any applicable tax.
WORK BY OTHERS:
Advance Elevator Inc. Phone 806-771-3600
1204 N Ave U Fax 806 687-0880
Lubbock TX 79415 Email : russ@AdvanceElevator.net
• Enclose machine room space and maintain between 70 and 90 degrees in the machine
room. Optimally extend the upper area to accommodate the new controls with a stair to
the new machine room area. This would allow a smaller area to be air conditioned.
■ Fused and lockable main line disconnects sized for the application located in the new
machine space.
• Fused and lockable 20 amp. 120 VAC disconnects for cab lighting.
0 200 LUX lighting in the machine room.
• 100 LUX in pit
Subject to the following terms and conditions, and additional terms and conditions on back
hereof, all of which are hereby agreed to.
Advance Elevator Inc. Phone 806-771-3600
1204 N Ave U Fax 806-687-0880
Lubbock TX 79415 Email : russ@AdvanceElevator.net
We undertake to make these suggestions in conformity with the usual applied codes and
standards of the elevator industry.
All work is to be performed during the regular working hours of the elevator trade (8:00 a.m. to
4:30 p.m., Monday through Friday). If overtime work is required, we will provide the purchaser
a separate or revised quotation reflecting the difference between our regular and overtime labor
billing rates.
All work is to be performed in an approved and workman -like manner.
This price will remain in effect for a period of ninety (90) days from date of this quotation, at
which time it will be subject to review due to uncertainties in material and labor costs.
It is expressly understood and agreed that all verbal agreements are void and that the acceptance
of this proposal shall constitute the contract for the material ad work specified above. Any
changes to the contract must be made in writing signed by both parties
Respectfully submitted:
ADVANCE ELEVATOR, INC.
1204 N Ave U
Lubbock. TX 79415
Russell Granzow, President
ACCEPTANCE: The foregoing Agreement is hereby signed and accepted in duplicate:
Alaston Group
Russell Granzmv, President
Advance Elevator, Inc.
Date:
ADVANCE ELEVATOR, INC.
TERMS AND CONDITIONS
Quotations are subject to change without notice.
You agree to pay. as an addition to the price herein quoted the amount of any tax based upon the transfer. use.
ownership or possession of the equipment unposed by any Iaw enacted after the date ofthis proposal or imposed upon you
by any existing lax.
Advance Elevator Inc. Phone 806-771-3600
1204 N Ave U Fax 806-687-0880
Lubbock TX 79415 Email . russ@AdvanceElevator.net
Monthly progress billings will be made by ADVANCE ELEVATOR, INC. to cover the materials shipped and labor
expended during the month. Payments shall become due and payable within 30 days after receipt of such progress billings
er.
by the custom40% due upon signing, 20% due upon deliveryof materials, progress billing for the remainder 40% based
upon work complete.
We reserve the right to discontinue our work at any time until progress payments have been made as agreed.
Final payment shall become due and payable when all of the work described in this contract has been completed.
The completion of work or delivery of material specified in this agreement is subject to delays caused directly or
indirectly by embargoes, strikes, lockout, common carriers, and accidents or by any other similar or dissimilar cause beyond
our control for which iwe are to be held harmless.
Should conditions develop beyond our control, making the building or premises in which our employees are working.
dangerous %ve reserve the right to discontinue our work until such dangerousconditions are corrected.
Should damage occur to our material or work on the premises, where our work is to be or is being performed by fire,
theft, or otherwise, the purchaser is to compensate us therefor. You shall at all times and at your own cost maintain
comprehensive bodily injury and property damage insurance (naming Advance Elevator, Inc. as an additional insured),
including bodily injury and property damage caused by the ownership, use or operation of the equipment described herein.
It is expressly understood, in consideration of our performance of the service enumerated at the price stated that the
purchaser assumes all liability for injury, including death, of any person or persons and for damage to property to defend,
indemnify and hold harmless our company, its officers, directors and employees from all damages, claims, suits, expenses
and payments on account of resulting from any such injury. death or damage to property, except that resulting from the sole
negligence of ADVANCE ELEVATOR, INC.
ADVANCE ELEVATOR, INC. nor its subsidiaries or divisions shall not be responsible or liable for any damages,
claims, suits, expenses and payments on account of or resulting from any injury, death or damage to property arising or
resulting from overloading above the rated capacity of the equipment herein named or any other device covered by this
contract.
Unless otherwise agreed it is understood that the work shall be performed during regular working hours of regular
working days of the elevator trade. If overtime work is mutually agreed upon and performed, the additional price, at our
usual rates for such work, shall be added to the contract price herein named.
The machinery, implements and apparatus furnished hereunder remain our personal property and we retain title thereto
until final payment is made, with right to retake possession of the same at the cost of die purchaser if default is made in any
of the payments, irrespective of the manner of atutchment to the realty, the acceptance of notes, or the sale, mortgage or
lease of the premises.
The statues requirement notice prior to filing a lien, this notice requirement is hereby complied with.
Advance Elevator Inc. Phone 806-771-3600
1204 N Ave U Fax 806-G87-0880
Lubbock TX 7941S Email : russ@AdvanceElevator.net
ELEVATOR, HVAC and ELECTRICAL BEFORE PICTURES
RE 18-10
RESOLUTION APPROVING MCCOURT PLACE, L. C.
MIKE MCDOUGAL, MANAGER
1001 MAIN STREET
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,
January 24, 2018, 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 McCourt Place, L.C., Mike McDougal, Manager, at 1001
Main Street, Lubbock, Texas. 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 McCourt Place, L. C., Mike McDougal, Manager, located at 1001 Main Street,
Lubbock Texas, $100,000. The scope of work includes an energy efficient phase on the HVAC
systems and control along with LED lighting upgrades and elevator upgrades totaling $1,220,476
in (permittable) expenses
WHEREAS, The Board of Directors of MLI finds that an Economic Development Grant
and Contract offering the incentive for providing assistance to updating the facility 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. Calvin Davis, and Seconded by director, Mr. Barry Orr,
it was approved,
IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic
Grant and Contract with McCourt Place, L.C., Mike McDougal, Manager, at 1001 Main Street,
Lubbock, Texas. This Economic Development Grant and Contact will be on the normal terms and
conditions of such Downtown (Permittable) Grant Program and Contract offered by MLI to
existing businesses and business prospects and authorize the CEO to enter into and negotiate
Performance Agreement.
Linda Davis, Secretary