HomeMy WebLinkAboutResolution - 2018-R0256 - Market Lubbock Expenditure - Downtown Social LBK - 08/09/2018Resolution No. 201 8-R0256
Item No. 6.13
August 9,2018
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 Downtown
Social LBK, LLC, is hereby approved pursuant to Section 5 of the Amended and Restated
Bylaws of the Corporation.
Passed by the City Council on August 9, 2018
DANIEL M. POPE, MAYOR
ATTESTT:^_,,
C
Reb eca Gaga, City SecretdizJ
APPROVED AS TO CONTENT:
Justin rui , Business Develop enfi t Director
APPROVED AS TO FORM:
Amy L. 9<11 epu i y
wW.VaELM et Lubbock Fxpurullt.n- Downtown Social LBK,LLC- Downtown Gram Ngmm
July 26. 2018
MARKET LUBBOCK, INC. - DOWNTOWN GRANT PROGRAM
1711 Texas
(Downtown Social LBK)
TOTAL SCOPE OF WORK = $16,339
FACADE GRANT = $8,171
M A R K E T
LUBB(*CK.
Downtown Grant Program
Presented to MLI Board
July 25, 2018
Project 1711 Texas Ave (Facade)
Downtown Social LBK, LLC is renovating the building at 1711 Texas Ave, located within the Downtown
TIF. The scope of work will include painting an existing awning, installing a new neon sign, security
lighting upgrades and repainting the existing parking lot totaling $16,339 in expenses. Mark Martinez, the
primary stake holder in Downtown Social, also owns The Library Bar and The Garden, both located in the
Depot District and has renovated those properties as well.
The MLI Board is being asked to consider a Downtown Facade Grant for Downtown Social LBK, LLC
totaling $8,171 at 1711 Texas Ave.
M A R K E T
Uao
Project Profile - Downtown
The information requested on this form will be used by Market Lubbock, Inc. for analysis of your project.
Jorge Quirino- Special Projects Phone: 806.723.8241
Market Lubbock, Inc.
1500 Broadway, Sixth Floor, Lubbock, TX 79401 Email: jorge.quirino@iubbockeda.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 11711 Texas Ave
GENERAL INFORMATION ABOUT THE COMPANY
Company Name Downtown Social LBK, LLC
Street Address 1711 Texas Ave
City, Stale, Zip lLubbock,TX 79401
Company Website Iwww.downtownsociallblk.corn
Name
Title
Phone Number
Email
Date 6/15/2018 received 7.19.18 via email - JQ
COMPANY BACKGROUND
List any person or entity that has at least 5% ownership in the Applicant Company:
Is the firth registered with the Secretary of State's Office to do business in Texas? Yes fr
Are you In good standing with the State of Texas? Yes
Is the firm and/or principals delinquent on any federal, state or local tax obligations? No 6
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 12/5/17
INFORMATION ABOUT THE PROJECT
Project Name (MLI Use) 11711 Texas Ave
LCAD RWs (MLI Use) IP309404
Grant Type (Check One): Pennittable ❑ Facade
)will be replacing our monl awning, new paint Job on entire building front and back, new neon sign, new security
lung on building and new seal coat and striping to all parking lots (3), Our parking lots are used during the day
All About Looks, La Moss, Bentley Arrow, Jux-ta-posh, Bally Hoo and Brown's Barber Shop. The Depot Alley
king lot is also used by the entire Depot District Including the Cactus Theater,
Project's NAICS Code (North American Industry Classification System) 1722
NAICS Description I Food Services and Drinking Places
City Permit Total Amount (if applicable)
Summary of Itemized Expenses:
Projected
MLI Approved Reimbursement
MLI USE
Exterior Paint Job
$2,500
$1,250
Security LI hting to entire building front back and side
$4,097
$2,049
New Neon Sin
$4.763
$2,382
Seal Coat and Stripe 3 parking lots
$4.980
$2,490
TOTALI
$16 339
1 $8,171
Final bids will be used to calculate the project cost and grant amount.
MLI 12/5/17
Before Pictures
S
RE 18-46
RESOLUTION APPROVING DOWNTOWN SOCIAL LBK, LLC
1711 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 Downtown Social LBK, LLC at 1711 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 Downtown Social LBK, LLC $8,171 for renovations for the building and property
at 1711 Texas Avenue, Iocated within the Downtown TIF. The scope of work includes painting
the existing awning, installing a new neon sign, security lighting upgrades and repainting the
existing parking lot with a total of $16,339 in expenses at 1711 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 Downtown Social LBK, LLC. 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.
NO
John Osborne, President &
Linda Davis, Secretary