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Home My WebLink AboutResolution - 2018-R0166 - Market Lubbock Expenditure - Western Bank - 05/10/2018Resolution No. 2018-RO166 Item No. 6.16 May 10, 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 Circle 1 Bank Group, Inc. d.b.a Western Bank, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on May 10, 2018 ATTEST: Reb cca Garza, City Secre ry APPROVED AS TO CONTENT: W. Ja&tt Atkinson, City Manager APPROVED AS TO FORM: T City DANIEL M. POP , MAYOR ccdoc RES arket Lubbock Expenditure — Circle 1 Bank Group, Inc. d.b.a Western Bank —Downtown Grant Program May 1, 2eT8 M A R K E T RIIIII, I ri .,13 1 Downtown Grant Program May 10, 2018 Total Capital - $84,817 Total Grants - $25,000 Western Bank — 1617 Broadway o Grant Type — Fagade (50% up to $25,000) o Expense Total = $84,817 o Grant Total = $25,000 o Board Approval — April 25, 2018 1500 Broadway, 6tn Floor, Lubbock, Texas 79401 Phone (806) 749-4500 MARKET LUBBOCK, INC. — DOWNTOWN GRANT PROGRAM 1617 Broadway (Western Bank) TOTAL SCOPE OF WORK = $84,817.45 FAQADE GRANT = $25,000 M A R K E T II U 1 1 I 1 1 r,+ Downtown Grant Program Presented to MLI Board April 25, 2018 Project 1617 Broadway fFa�ade) Western Bank provides community based financial services to customers, employees, communities, and shareholders in Texas and is relocating their headquarters to 1617 Broadway, located within the Downtown TIF. The scope of work will include a complete renovation of the building's facade (walls, landscape, etc.) totaling $84,817.45 in expenses. ($31,162.05 of these expenses are attributed to public improvement requirements.) The MLI Board is being asked to consider a Downtown Facade Grant for Western Bank totaling $25,000 at 1617 Broadway. x o I► 0 VIA; r . 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 Phone: 806.723.8241 Special Projects Market Lubbock, Inc. Email: jorge.quirino@lubbockeda.org 1500 Broadway, Sixth Floor Lubbock, TX 79401 *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 11617 Broadway V GIY Gf�/1L IIYr Vf�lYl 1 IVI\ 1.1wv 1 1 "L- VVlrlr/'11\ 1 Company Name Street Address City, State, Zip Company Website Western Bank 5701 82nd St. Lubbock, TX 79424 httLs://thebank.net GENERALINFORM� Name Title Phone Number Email ,TION ABOUT THE COMPANY CONTACT Ma an Catne 806-798-9700 mcatne westernbankonline.com Date 15,15.17 COMPANY BACKGROUND 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 f 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 tr Has the company or principals of the company had prior bankruptcies or lawsuits? No f you answered "Yes" to either of the above two questions, please explain 1 MLI 4/ 12/2018 INFORMATION ABOUT THE PROJECT Project Name (MLI Use) 1617 Broadwa LCAD R#'s (MLI Use) Grant Type (Check One): Permittable ❑ Fapade ❑ uetaiieo Nrolect Summary and uescription of vvorK: Fapade renovation. Project's NAICS Code (North American Industry Classification System) 522 NAICS Description JCredit Intermediation and Related Activities City Permit Total Amount (if applicable) Summary of Itemized Expenses: Projected MLI Approved Reimbursement MLI USE Boulders, trees, etc. $84,817 $25,000 TOTALS $84,817 1 $25,000 1 Final bids will be used to calculate the project cost and grant amount. 2 MLI 4/12/2018 Scope of work must be approved by the City of Lubbock The link below includes the City documents used to determine compliance: https://www.ci.lubbock.tx. us/departmental-websites/departments/planning/area-redevelopment ■ 1999 Design Standards for Central Business District ■ Central Business District — CB-2 ■ Central Business District — CB-3 ■ Central Business District — CB-4 ■ Central Business District — CB-5 ■ Central Business District — CB-6 ■ Downtown Public Improvements Design Standards The property owner or /easee is responsible for communicating directly with the City of Lubbock to determine if any aspects of the scope of work require permits as well as determining if public improvements will be required. MLI USE Required during grant review process: City Written Verification of Permit & Public Improvement Needs ❑ Detailed & Itemized Construction Bid Proposal(s) ❑ or Schedule of Values w/Architectural Plans Before Picture (prior to construction beginning) ❑ Architectural Renderings (if applicable) ❑ Architectural Plans (if applicable) n Texas State Comptroller Report (MLI) ❑ Texas Secretary of State Report (MLI) ❑ Required 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 ❑ Canceled Checks, Bank or Credit Card Statement ❑ After Picture (once construction is complete) ❑ 3 MLI 4/12/2018 s Broadway Planting Key Entry Drive Through Dense Yew 0 Nellie R. Stevens Holly - Tree Form Parking Western Bank Boulder Texas River Rock - 6-8" Purple Writer Creeper Alley Fesque Turf Entry Yaupon Holly -Tree Form ------------------- Tc n a 3 L,Oht Bollards Crape myrtle -Tree Form yts 11 co"te curb Cedar Elm - 4" cal_ Parking Alley Live Oak - 4" cal Parking Red Oak - 4" cal. Existing Tree to Remain s A Landscape Bid for Western Bank January 12, 2017 Final Bid All City Requirements No. Items Each Total 9 3 gal. Dense Yew $42.00 $378.00 4 #15 Jellie R. Stevens Holly Tre $200.00 $800.00 3 600lb. Boulder $300.00 $900.00 10 400lb. Boulder $200.00 $2,000.00 3 100lb. Boulder $50.00 $150.00 14 C.Y. Texas River Rock 6-8" $230.00 $3,220.00 1400 4" Purple Winter Creeper $3.75 $5,250.00 320 c.f. Cypress Mulch $4.25 $1,360.00 1400 s.f. Fescue Sod $1.25 $1,750.00 1 #30 Yaupon Holly Tree $400.00 $400.00 2 4" cal. Cedar Elm $800.00 $1,600.00 2 4" cal. Live Oak $800.00 $1,600.00 2 4" cal. Red Oak $800.00 $1,600.00 hrs. Crane Rental $500.00 $500.00 2135 s.f. Weed Fabric $0.95 $2,028.25 270 s.f. Steel Edging $4.25 $1,147.50 1 ea. Southwest Tree Pruning $200.00 $200.00 90 c,f, Organic Mulch $6.75 $607.50 1 ea, installation $5,200.00 1 ea. Irrigation System " $16,500.00 Parkway 516 s.f. Brick Pavers $18.05 $9,313.80 5 72" Tree Grates $3,508.65 $17,543,25 37 C.Y. Excavation $65.00 $2,405.00 20 C.Y. sand $30.00 $600.00 20 C.Y. compact gravel $65.00 $1,300.00 Total $78,353.30 Sales Tax $6,464.15 Project Total $84,817.45 NOTES: 1 Assumes demolition, all concrete is installed by the contractor 2 Short list of plantings creates overall unity and lower maintenance 3 Wintercreeper is very easy to maintain with one to two weedeater applications per year yet gives you a full green effect and 0's slightly purple cast In the winter gives you something besides bare ground, and doesn't create a desert look. 4 Client may choose any or all servfces listed. NOTES: 5 Prices shown are good for 30 days. 6 Additional work or changes must be approved by the owner & Nash & Associates prior to commencing. 7 Demolition, dirt work, and electrical changes are not included. 8 Nash & Associates warranty covers all plantings with an approved sprinkler system for 30 days following installation. There is no additional warranty expressed or implied. 9 Plant warranty does not cover acts of nature, Insects, pets, neglect, lack of or excessive irrigation. 10 Prices shown include all materials, labor, supervision, insurance and any incidentals necessary to complete the the project. 11 Irrigator is responsible for all irrigation sleeves 12 Irrigitation price is shown with asphalt removed for sleeves if irrigator has to bore or go through existing asphalt the price for irrigation will increase. 13 Contractor is responsible for electric high volate lights and fixtures as well as the power to them. Submitted by: Projected Start Date Cody Hill President Architectural Rendering: *y h s� NNW-` p