HomeMy WebLinkAboutResolution - 2018-R0255 - Market Lubbock Expenditure - 2 Docs Brewing - 08/09/2018Resolution No. 2018-RO255
Item No. 6.12
August 9. 2018
RESOLUTION
WHEREAS, pursuant to Article IV, Section S of the Amended and Restated Bylaws ofthe
Market Lubbock i.conomic Development Corporation (the "Corporation"), the City Council
I' of the City of Lubbock (the "City Council"), as the Corporation's authorizing unit, hots the
authority to apprtw e 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 he provided to ? Does Brewing
Co.. I.LC. is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of
the Corporation.
Passed by the City Council on
ATTEST:
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Garza. City Secret r
APPROVED AS TO CONTENT:
August 9.2018
DANIEL M. POPE, MAYOR
.lusti Prue t. Business Development Director
APPROVED AS TO FORM:
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S. Deputy _ . torney
%;WocsvRES. Moka t.u1+1x>tk 1:t{+ensiiture 2 W" Iire" i n g Co , LI-C Do%%mu+tin Urant Program
July 26, 2018
MARKET LUBBOCK, INC. - DOWNTOWN GRANT PROGRAM
502 Texas
(2 ❑OCs Brewery)
TOTAL SCOPE OF WORK = $58,793
EAQADE GRANT = $25,000
M A R K E T
LUBBOCK.
Downtown Grant Program
Presented to MLI Board
July 25, 2018
Project 502 Texas Ave (FaVade)
2 Docs Brewery, a new brewery led by local investors from across the community, is renovating the
building at 502 Texas Ave, located within the Downtown TIF. The scope of work will include installing a
solar energy awning that will cover the front patio and total $58,793 in expenses. This innovative awning
will produce enough energy to meet the needs of the 2 Docs Brewery.
The MLI Board is being asked to consider a Downtown Fagade Grant for 2 Docs Brewery totaling $25,000
at 502 Texas Ave.
BEFORE
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M A R K E T
LUBB*C
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
'Applicatlons 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 1502 Texas Ave.
ti LI'1 L11ML IITI VIN IvjMI
Company Name
Street Address
City, State, Zip
Company Website
IVI■ MI.JVU 1 1 rlC V%J IYI r-mpj 1
2 Docs Brewing Co.
10707 Kline Ave
Lubbock, Tx, 79424
n/a at this time
Name
Title
Phone Number
Email
IP- -11 441• 1"4
Eric Cunningham
Cc -President
806-445-3957
redraidervet ahoo.carn
Date 11 /03/17
COMPANY BACKGROUND
Is the firm registered with the Secretary of State's Office to do business in Texas? Yes fil
Are you in good standing with the State of Texas?
f you answered "No" to either of the above two questions, elease explain
Yes
Is the firm and/or principals delinquent on any federal, state or local tax obligations? No G
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 7/19/2018
INFORMATION ABOUT THE PROJECT
Project Name (MLI Use) 1502 Texas Ave
LCAD R#'s (MLI Use) R91 770
Grant Type (Check One): Permittable [] Facade L]
ueraueo rro ect bummary ana Uescn tion ❑t Work:
Install a solar panel awning to cover a new patio on the Front end of the property. Solar panel will generate enough
power to meet the needs of the 2 flocs Brewery with any excess power to be sold to the City of Lubbock.
Project's NAICS Code (North American Industry Ciassification System) 1722
NAICS Description Food Services and Drinkinp Places
City Permit Total Amount (if applicable)
Summary of Itemized Expenses: Projected MLI Approved Reimbursement
MLI USE
Solar Panel Awning $58,793 $25,000
TOTALS $58,793
Final bids will be used to calculate the project cost and grant amount.
2 MLI 7/19/2018
RE 18-45
RESOLUTION APPROVING TWO DOC'S BREWING CO.
502 Texas Avenue, Lubbock, Texas
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,
July 25, 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 Facade Grant and Contract to Two Doc's Brewing Co. at 502 Texas Avenue. 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 Two Doc's Brewing Co. $25,000 for renovations for the building and property at
502 Texas Avenue, located within the Downtown TER The scope of work includes installing a
solar energy awning that will cover the front patio cover with a total of $58,793 in expenses at 502
Texas Avenue, Lubbock, Texas 79401.
WHEREAS, The Board of Directors of MLI finds that an Economic Development Grant
and Contract offering the incentive for providing assistance to renovate their 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, Ms. Regina
Johnston,
IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic
Grant and Contract with Two Doc's Brewing Co. This Economic Development Grant (Facade)
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
J
John Osborne, President & CEO
Linda Davis, Secretary