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Home My WebLink AboutResolution - 2022-R0511 - Downtown Façade Grant to Doubletree at 505 Ave QResolution No. 2022-R0511 Item No. 5.7 December 13, 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: I : �-(1-11-�� ]_A+/ �i7 ;-'�Y-.-1_��1-�11'ZK�IIJ►[�1-1_1t�Z�TI_Y .=1_��l-�l`Z�] a7 All � ; �ZK►� 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 Q-505, LLC, dba Doubletree Lubbock University Area, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on December 13, 2022 ATTEST: Re cca Garza, City Secre APPROVED AS TO NTENT: Brianna Gerardi, B nes Development Director APPROVED AS TO FORM: elli Leisure, Assistant City Attorney ccdocs/RES. Market Lubbock DT Facade Expenditure -- Doubletree 11.29.22 RE 22-81 RESOLUTION APPROVING Q-505, LLC AT 505 AVENUE Q 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, November 28, 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 Q-505, LLC, who is renovating the exterior of the building at 505 Avenue Q, which is located in the Downtown TIF. The scope of work will include repairing the parking lot, painting, and adding landscaping in front of the building and along Avenue Q. Travis Stribling is the owner of the property. The scope of the fagade work will includes replacing asphalt drive lanes on the South and completing the second half of the south side approach on Mac Davis Lane and landscaping on the front of the building and along Avenue Q. The drive lane in front of the port cochere has been removed and landscaping with trees, shrubs and ground cover will be added to this area with total expenses totaling $75,299 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 Q-505, LLC at 505 Avenue Q a Downtown Facade Grant of $25,000, which is in 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. Matt Bumstead, and Seconded by Director, Mr. Barry Orr. IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with Q- Q-505, LLC for improvements to the property at 505 Avenue Q, 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. John Osborne, President & CEO ck6i�f-' Linda Davis, Secretary MARKET LUBBOCK, INC. — DOWNTOWN GRANT PROGRAM 505 Ave Q (Q-505, LLC — dba Double Tree Lubbock University Area) TOTAL SCOPE OF WORK = $75,299 FACADE GRANT = $25,000 M A R K E T LUBBOCK_ Downtown Grant Program Presented to MLI Board November 28, 2022 Project 505 Ave Q (Facade) Q-505, LLC, dba Double Tree Lubbock University Area, is renovating the exterior of the building at 505 Ave Q, located within the Downtown TIF. The scope of work will include repairing the parking lot, painting and adding landscaping totaling $75,299 in faVade expenses. The MLI Board is being asked to consider a Downtown Facade Grant for Q-505, LLC, totaling $25,000 at 505 Ave Q. 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 - Director of Downtown & Special Project: Phone: 806.749.4500 Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Email: jorget�marketlubbock.org Date Initial Application Submitted (Due prior to start of construction or permits assigned) 08/01/22 Projected Project Start Date Ion or before 8/15/2022 Project Property Address Property LCAD R# GENERAL INFORMATION Company Name Q-505, LLC Contact Travis Stribling Street Address 119 S. Irving Title Owner City, State, Zip San Angelo, TX 76903 Phone 832.453.6050 Email travisstriblingLaM211200 INFORMATION ABOUT THE PROJECT Property Ownership: Own 0 Lease ❑ Grant Type: Permittable❑ Fagade G Project Summary Scope Replace asphalt drive lanes on South (completing second half of South side through approach on Mac Davis Ln) and East sides of the building with concrete. Landscaping in front of the building along Avenue Q. We removed a drive lane in front of the porte cochere and are adding landscaping (trees, shrubs, and ground cover) to the area. Summary of Expenses (detailed bids attached) Projected I MLI Approved Parking Lot $11,611 $5,806 Landscaping $34,680 $17,340 Painting $29,007 $14,504 TOTAL $75,299 1 $25,000 Final bids will be used to calculate the project cost and grant amount COMPANY BACKGROUND List any person or entity that has at least 5% ownership in the Applicant Company: Name Percent Name Is the firm 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 1W If you answered "No" to either of the above two questions. Dlease exDlain Is the firm and/or principals delinquent on any federal, state or local tax obligations? No s Has the company or principals of the company had prior bankruptcies or lawsuits? No If you answered "Yes" to either of the above two questions, please explain Percent MLI 6.10.22 Is the firm receiving tax revenue from any government agency? No APPLICANTS CHECKLIST: Initial application 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. Contact Brianna Gerard!, City Director of Development bgerardi@mylubbock.us , to determine: Does the scope of work meet downtown standards and guidelines? F/I Are permits required for any aspect of the scope of work? ❑ Are public improvements required? ❑ Documents Required for Final Grant Application Copies of City permits, if applicable ❑ Detailed/Itemized Bids ❑ Before Pictures ❑ Copy of building's current certificate of occupancy (request at El Architectural Renderings (if applicable) ❑ Architectural Plans (if applicable) ❑ After Completion of Construction Certificate of Occupancy or Similar City Document Approving El (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) Signature (not required for electronic submittals): Date: MLI 6.10.22 P"� Invoice P.O. Sox 940" Lubback, TX 79493 so to Q505, LK 50S Ave Q Lubbock, TX 79401 Date 10/15/ZQU [invoice It 23M Que Abe IGIIQM22 Terms Net 15 Swb Total $ILLS4.00 5a�a Tax.. S36L33 Tatad! $1.1,61133 Balance Dun 311,611.33 Paxrmnt S0.00 Past dap amount will bear fnteaest on the unpaM prindpal balance at the rate aP 1 and i/Z% per month, not to exceed n% =nplc annual brtterut on the past On unpvid principal balance only. Interest accrued will be wflectod an subsequent to olces for unpaid balance_ OffteB-391-=4 Make c#lc* pwpWo to 3huff Construction, his, fax SM-M-5284 ��SittfYGt'�n P.O. Box 94066 LAbbacli, TX 79493 Bill To Q505, LLC SOS Ave Q Lubbock, TX 7WI Invoice Date B/10/2022 Invoice 41 28864 bug bate 305/Z022 Terms Nat iS SubTatal $32,037.28 Sale Tait: $2,641.02 Total- $34,690-U Balanrx Due 534fM-W PeyrneIt $QAD Past due amount vAll bear enterest an She unpaid PrrErtreipaf baIwM at the rate 4f 1 and 1/Z% per nr+ontN rsot m exceed 19% simple amnual Internet on the past dire wr,pa4 princi;W belanee wlr. Interest aoanoed will be re ected on nfteciuent imalaes for UMMId balance. Office 80 391•2164 10ake dhcdt payable to Shuff CoMruutlort, Inc. Feet 688-M1-5E64 To: (Owner/Representative) Doubletree by Hilton 505 Ave Q Lubbock, TX 79401 888-391-2164 888-391-5264 PROPOSAL October 21, 2022 EFFIS Paint Dark Brown 1. Wash off EFFIS with power washer 2. Apply one coat of super paint exterior flat 3. Apply one of Emerald Rain Refresh exterior flat West and South $15,923.40 (2 weeks) West, North and South $23,507.10 (3 weeks) Need to budget $5,000 - $5,500 month rental for boom lift for one month $29,007.10 Shuff Construction, Inc. a Texas Corporation Contractor: Jason Shuffler Sales Person Purchaser: Signature Company Name and Title Date Signature The undersigned Purchaser by execution hereof accepts this document and all its terms and conditions