HomeMy WebLinkAboutResolution - 2002-R0077 - Interlocal Agreement - Lubbock Reese Redevelopment Authority - 02_28_2002Resolution No. 2002—R0077
February 28, 2002
Item No. 30
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock hereby authorizes for and on
behalf of the City of Lubbock the assignment by Lubbock Reese Redevelopment
Authority of the funds associated with and for the purpose of conducting marketing
activities in the Interlocal Agreement dated September 24, 1998, by and between the
City of Lubbock and Lubbock Reese Redevelopment Authority to Market Lubbock
Economic Development Corporation. Said Assignment is attached hereto and
incorporated in this Resolution as if fully set forth herein and shall be included in the
minutes of the Council.
Passed by the City Council this 28th day of February , 2002.
WINDY SITTO14, MAYOR
ATTEST:
Garza, City
APPROVED AS TO CONTENT:
FU541:11,11YESE-ml.
Deputy City Manager
APPROVED AS TO FORM:
C-AmY' Sxifis � -'"�
r
Assista#t � ttorney
ALS:cp L:\CityattWmy\LRRA.res & ccdocs
February 5, 2002
Resolution No. 2002—R0077
MULLIN HOARD BROWN LANGSTON CARR HUNT & JOY, L.L.P.
DAVID MULLIN
'miThkNE-YS AT LAW
STEJOHN M. L.B HOAROWN
WELLS F_'�RGO CENTER
JOHN M. BROWN
DAVID R LANGSTON
1500 BROADWAY, SUITE 700
DONALD M. HUNT
LUBBOCK, TEXAS 79401
JEFFREY E. RITTER
765-7491
DON D. SUNDERLAND
(806)
JOHN S. IRWIN
FAX (806) 765-0553
LATRELLE BRIGHT JOV
CHARLES R. WATSON, JR.
JONATHAN S. MILLER
MAILING ADDRESS:
JOHNNY K. MERRITT
P. O. BOX 2585
JOEL R. HOGUE
LUBBOCK, TEXAS 79408-2585
JOHN G. TURNER III
VINCENT E. NOWAK
ROBERT R. BELL
W.mullinhoard.com
www.mullinhoard.com
T. KEVIN NELSON
MICHAEL D. HICKS
WOLFPUCKETT
January 29, 2002
Eric Williams
Executive Director
Lubbock Reese Redevelopment Authority
P.O. Box 586
Reese AFB, Texas 79489
RE: Marketing Agreement between MLI and LRRA
Dear Eric:
SPECIAL COUNSEL
WARLICK CARR
JOHN MOZOLA, P.C.
JIMMY ROSS
LISA L. HAUGE
MARK S. LOGSDON
DAVID A.KELLY,JR.
GUY COOKSEY
J. DREW HOUGHTON•
CLINT R. LATHAM
LAWRENCE M. DOSS
MICHAEL P. SPRINGER
JANA G. CLIFF
MICHAEL B. FRANKLIN
"Licensed in Oklahoma only
Enclosed please find three originals of the Marketing Agreement the Board approved at the last
meeting. The requested changes, a required accounting of how the funds are spent and the return of unearned
funds to LRRA if the contract is terminated, have been made. Please attach the necessary exhibits behind
each exhibit cover page and then ask Delbert to execute these on behalf of LRRA. Upon execution please
return them to me so that I can forward them to Market Lubbock for execution.
Please call if you have any questions. Thank you for the opportunity to assist LRRA with this matter.
MPS/dag
Enclosures - as stated
Amarillo Office:
Amarillo National Plaza/Two
500 South Taylor, Suite 800
Amarillo, Texas 79101
(806)372-5050
Fax (806) 372-5086
RECEIVED
JAN 3 0 2002
W:\WEST\Home\\VPDocs\6000\LetterslWilliarns013002.wpd
Resolution No. 2002-R0077
February 28, 2002
Item No. 30
MARKETING AGREEMENT BETWEEN LUBBOCK REESE
REDEVELOPMENT AUTHORITY AND MARKET LUBBOCK, INC.
This Marketing Agreement ("Agreement") is made and entered into this date, by and
between the Lubbock Reese Redevelopment Authority, a political subdivision of the State of
Texas ("LRRA") and Market Lubbock, Inc., a Texas non-profit corporation ("MLI").
Recitals
I.
1. LRRA is a political subdivision of the State of Texas formed for the purpose of
developing and maintaining the former Reese Air Force Base located in Lubbock County, Texas.
2. LRRA is developing the former air base as a technology and research park known
as the Reese Technology Center ("Reese Center"), and is responsible for administering the real
and personal property within its boundaries which are more fully described in the Texas Local
Government Code § 396.009 (the "Property").
3. MLI is a Texas non-profit corporation organized by the City of Lubbock for the
public purposes of development and diversification of the economy of the state, the elimination
of unemployment or underemployment, the stimulation of agriculture innovation, the fostering of
the growth of enterprises based upon agriculture, or the development or expansion of
transportation or commerce in the State of Texas. This Agreement is executed as a part of the
Economic Development Program of the City of Lubbock
4. In order to attract and maintain sophisticated and technologically innovative
companies, LRRA has determined that it is in its best interest to enter into a Marketing
Agreement with MLI in order to facilitate the leasing and/or sale of the Property at Reese Center.
5. The United States of America has either leased or conveyed certain parcels of the
Property at Reese Center to LRRA, pursuant to a Lease in Furtherance of Conveyance ("LIFC")
or the provisions of a No -Cost Economic Development Conveyance Agreement ("EDC").
6. LRRA serves as the Local Reuse Authority under applicable federal Base
Realignment and Base Closure Statutes ('BRAG').
7. MLI is willing to enter into this Agreement on the terms and considerations set
forth herein.
NOW, THEREFORE, in consideration of the mutual consideration and promises more
fully described herein, the parties do hereby agree as follows:
1. MLI agrees to assume all marketing and promotion activities related to the use
and redevelopment of Reese Center in order to facilitate the leasing and/or sale of the Property.
-1-
In this regard, LRRA will provide MLI with a listing portfolio ("Listing Portfolio") of buildings
available for lease as well as a description of all land and other facilities available for lease or
sale at Reese Center. Such listing portfolio will include floor plans, statistical information,
condition assessments of existing facilities, and applicable pricing and common area
maintenance ("CAM)" fees related to the various properties contained in the listing, and a
summary of available funds for new construction and modification or renovation of existing
facilities. This Listing Portfolio is being delivered by LRRA to MLI simultaneously with the
execution of this Agreement. In this regard, the following inventory of information is attached
hereto and incorporated herein for all purposes:
♦ Exhibit "A" - Inventory of Buildings and Facilities;
♦ Exhibit "B" - Schedule of Common Area Maintenance fees;
♦ Exhibit "C" - Summary of Available funds for new construction and renovation
and improvement of existing facilities; and
♦ Exhibit "D"- Condition assessment reports relating to buildings and facilities.
If there are any changes in the Listing Portfolio or any of the Exhibits A-D, LRRA will,
provide changed Exhibits or a changed Listing Portfolio within thirty (30) days of any such
change.
2. As a part of the consideration for this Agreement, MLI shall receive all future
monies received or to be received by LRRA or to which LRRA may be entitled to receive from
and after the date of this Agreement, which are to be_ used solely for the purposes of the
promotion of the Property for the purposes of sales, leases, or joint ventures of all or any portion
of the Property.
3. The initial contract term of this Agreement begins on January 1, 2002, and
continues at will until it is terminated by either party. This Agreement may be terminated by
either party with thirty (30) days written notice of its intent to terminate the Agreement. Upon
any such termination, any monies received by MLI not yet earned for services rendered by MLI
under the terms of this Agreement will be refunded or paid to LRRA and an appropriate
accounting given for such funds.
4. MLI will use its best, good faith efforts to solicit and secure satisfactory tenants
and other end users for sale of the Property, or for ground or build -to -suit leases, or joint
ventures of all or a portion of the Property. MLI will focus its efforts to promote Reese Center
for research and development uses focusing on new technologies or for the purpose of advancing
existing technologies. Potential manufacturing prospects will be those involved in
telecommunications, biotechnology, food technology, medical device development and
manufacturing, electronics and semiconductors manufacturers, pharmaceuticals, environmental
engineering, software development, and other such science and technology applications. Any
distribution prospects will be reviewed on a case -by -case basis but will generally be discouraged.
-2-
Existing manufacturing and distribution prospects already located and established in the
Lubbock area will be discouraged from relocating to Reese Center if the relocation would lead to
a significant loss of existing tax base to surrounding governmental entities, or in the event it is
determined that such relocation is an attempt to avoid ad valorem or personal property taxes
charged by other political subdivisions.
5. MLI will identify and actively recruit what MLI identifies as qualified prospects
("Qualified Prospects") for the Property. Based solely upon the information provided in Exhibits
A-D of this Agreement, MLI may make proposals to Qualified Prospects for sales or leases of
the Property. MLI will provide copies of such proposals to LRRA; provided, however, that as
long as the terms of any proposal are consistent with those terms set forth in Exhibits A-D of this
Agreement, no prior approval of LRRA shall be required for such proposals. MLI will submit all
Qualified Prospects and proposals made to any Qualified Prospect to LRRA. MLI shall act as a
facilitator for all transactions involving sales or leases of the Property, all ground or build -to -suit
lease, and all joint ventures of all or any portion of the Property. MLI agrees in such matters to
act in the best interest of LRRA, with actual negotiations of terms and conditions to be directed
by management of LRRA, subject to final review and approval by the Board of Directors of
LRRA, which final approval will not be unreasonably withheld, provided the terms and
conditions of any proposal are substantially as set forth in Exhibits A-D of this Agreement.
6. MLI will use its best, good faith efforts to achieve the goals of this Agreement.
However, LRRA acknowledges that MLI has been organized by the City of Lubbock and has as
its mission to promote economic development in the region. As such, MLI must promote the
entire Lubbock region for economic and industrial development, including manufacturing,
distribution, regional/national services, regional/national headquarters locations, and other
office/industrial users. MLI shall make every effort to promote Reese Center to a prospect which
fits the described tenant or end user criteria contained in this Agreement, but LRRA must
recognize that each prospect makes its own ultimate decision on site location and MLI will
present all available options within the Lubbock region to the prospects MLI contacts or solicits.
7. LRRA currently has an Interlocal Agreement with the City of Lubbock for the
City to provide it with marketing funds for use in promoting the redevelopment of Reese Center
during fiscal years ending September 30, 2002 and September 30, 2003. LRRA agrees that it
will transfer and assign to MLI all of its rights to receive such marketing funds from the City of
Lubbock for these fiscal years under the current Interlocal Agreement with the City. However, it
is specifically agreed that no funds from the City currently in the possession of LRRA will be
transferred to MLI. Rather, such funds now in possession of LRRA will be retained and used in
the development of Reese Center as deemed necessary by LRRA Board.
8. MLI agrees that it will use the marketing funds received pursuant to the Interlocal
Agreement with the City of Lubbock exclusively for promotion of the lease and/or sale of the
Property at Reese Center. MLI's marketing efforts shall include, but not be limited to, the scope
of services described in Exhibit "E" of this Agreement, which is attached hereto and incorporated
herein for all purposes. Additional activities shall include the production and distribution of
appropriate advertisements in applicable industry and trade publications, regional and national
-3-
newspapers and magazines, and appropriate electronic media outlets. Upon termination of this
Agreement, all promotional materials produced or generated by MLI relating to Reese Center
will become the property of LRRA. During the term of this Agreement, MLI will also be
responsible for maintaining the web page of LRRA, keeping the information current and keeping
such web page active on the world wide web. Further, MLI may send representatives to
appropriate economic development or industry trade shows. All advertisements and promotional
materials require the prior approval of the Board of LRRA before proceeding, and such approval
is at the sole discretion of LRRA Board, provided, however, that such approval will not be
unreasonably withheld by LRRA.
9. During the term of this Agreement, MLI's main point of contact with LRRA
Board of Directors will be the Chief Executive Officer for MLI. The Chief Executive Officer of
MLI will be responsible for the development of all marketing and promotion activity related to
Reese Center and for all personnel matters relating to such marketing.
10. The Chief Executive Officer of MLI, or his designated representative, shall report
on all marketing and promotion activities related to this Agreement on at least a quarterly basis
to LRRA Board of Directors. MLI will be given a copy of such report and will be allowed to
have a representative present for the presentation of such report to LRRA Board of Directors.
This report will include an accounting for all monies spent by MLI, pursuant to this Agreement.
This accounting to be included in this activity report shall be prepared by MLI and need not be
prepared by nor audited by independent or outside accountants. MLI will keep a listing of all
contacts with prospects and will maintain a tracking system which identifies the name of the
prospect, the person at the prospect responsible for negotiations of any lease or purchase, the
MLI employee responsible for such prospect, the status of negotiations and discussions, the date
of the most recent status change and the next action proposed to be taken. The parties
acknowledge the confidential nature of such information and the fact that MLI is subject to the
provisions of the Texas Open Records Act. While MLI will use its best efforts to maintain the
confidentiality of such information, the parties recognize that MLI is subject to foregoing Act.
11. Currently, LRRA has in existence various lease, conveyance, or license
agreements with the Air Force Base Conversion Agency ("AFBCA") which are consistent with
federal BRAC statutes and regulations. These agreements provide that all tenants of LRRA
property must have casualty and liability insurance coverage with both LRRA and AFBCA
named as co -insureds. Furthermore, such agreements have specific requirements relating to
excavation work performed anywhere on the property and require both LRRA and any tenant or
other end user to obtain specific AFBCA approval to undertake any excavation or construction
activities. MLI acknowledges that it has been advised of the existence of these type of
agreements with the federal government as well as the existence of federal statutes and
regulations which govern the reuse of BRAC facilities. MLI agrees that in any negotiations
with prospective tenants or end users that it will advise them of the need to comply with and
abide by terms of the existing AFBCA agreements and all applicable federal BRAC regulations
and statutes. Both LRRA and MLI recognize that Reese Center contains areas affected by
contaminated or hazardous substances which are currently the subject of remediation activities of
the United States Department of Defense. A map of these areas is attached hereto as Exhibit "F"
-4-
and is incorporated herein for all purposes. MLI acknowledges that it has been advised by
LRRA of the existence of these environmental concerns. While LRRA currently maintains
environmental insurance coverage, neither LRRA nor MLI can provide assurances to any
prospective tenant or end user on the impact of the existence of these contaminated areas nor
warrant the extent of the coverage or effectiveness of the environmental insurance. Therefore,
MLI agrees to inform all prospects of the existence of environmentally contaminated areas which
are the subject of remediation activities.
12. If either party institutes legal action to enforce its rights under this Agreement, the
prevailing party will be entitled to recover its reasonable attorneys' fees and other costs of suit
incurred as a result of such action.
13. All building, ground and build -to -suit leases, or other such conveyance
documents, and all modifications and extensions thereof, shall be prepared and approved and
executed by LRRA. All preparation, approval and execution of such conveyance documents
shall be in the sole discretion of LRRA and subject to the approval of its Board in all instances.
14. MLI will not be responsible for matters of a legal nature, including environmental
matters, and will not be providing legal representation to or on behalf of LRRA regarding
documentation and negotiation of leases or conveyance documents or environmental matters.
LRRA agrees to engage such attorneys as are required in connection with any such
documentation, negotiations and environmental matters. The choice to retain an attorney and the
selection of that attorney shall be within the exclusive control of LRRA.
15. MLI agrees that it shall not assign any interest in this Agreement and shall not
transfer any interest in the same, without the prior written consent of LRRA, which such consent
by the Board of LRRA may be withheld, conditioned or denied in its sole discretion.
16. This Agreement is binding upon the parties hereto and their respective successors,
successors in trust, and assigns.
17. This Agreement constitutes the entire agreement between LRRA and MLI and
supercedes all prior discussions and agreements, if any. Any modifications or supplements to
this Agreement will only be binding upon the parties if memorialized in writing, approved by
their respective Board of Directors and executed by an authorized official of both LRRA and
MLI. All provisions of this Agreement will be interpreted in accordance with the laws of the
State of Texas. Furthermore, any liability that may arise as a consequence of the execution of this
Agreement, or any activities undertaken pursuant to such Agreement, shall be the responsibility
of LRRA or MLI, and shall not be the personal responsibility of any board member, officer or
director of either LRRA or MLI, or any employee of LRRA or MLI.
18. Except as otherwise provided in this Agreement, all notices or other
communications to either party as may be required by this Agreement shall be deemed given
when made in writing and when delivered, or deposited in the United States Postal Service to the
following individuals:
-5-
For LRRA: Eric Williams
Executive Director
Lubbock Reese Redevelopment Authority
9801 Reese Blvd., Suite 200
Lubbock, Texas 79416
(806) 885-3597
(806) 885-6003 facsimile
For MLI: David Sharp
Chief Executive Officer
Market Lubbock.Inc.
1301 Broadway, Suite 200
Lubbock, Texas 79401
(806) 749-4500
(806) 749-4501 facsimile
Entered into and agreed to this 28th day of February , 2002, to be
effective January 1, 2002, as evidenced by the signatures of the authorized representatives below
whose authority has been delegated to each by resolutions duly passed and approved by their
respective Board of Directors.
LUBBOCK REESE REDEVELOPMENT AUTHORITY
By U,14Z�
Delbert McDouga , President
MARKET LUBBOCKINC.
By_
Mike Field, Pr6siddnt
Attachments:
Exhibit "A" - Inventory of Buildings and Facilities
Exhibit "B" - Schedule of Common Area Maintenance Fees
Exhibit "C" - Schedule of Available Funds
Exhibit "D" - Condition Assessment Reports
Exhibit "E" - Scope of Services
Exhibit "F" - Map of Areas Affected
-6-
Resolution No. 2002-R0077
EXHIBIT "A"
INVENTORY OF BUILDINTGS AND FACILITIES
EXHIBrr "A" Resolution No. 2002—R0077
Reese Technology Center
A Master -Planned Research & Business Park
EXECUTIVE SPACE SUMMARY
1/28/2002
TEXAS TECH (17 BLOGS) - PUBLIC BENEFIT TRANSFER - 151 LEASE - 2
SOUTH PLAINS COLLEGE - ALL PUBLIC BENEFIT TRANSFER - 6
E
105
Building #5
25,642
820
Building #3
26,701
900
Building #1
15,396
920
Building #2
31,600
955
Building #4
4,278
1160
Building #6
17,760
NNIFNINWE't
1 -1 m WWO
0 via W, a 5mm W, �
ADVANCED DNA TECHNOLOGIES - LEASE - 1
12381
Lab Offices
6,4721
tf , ,,
m
1,
SUPERIOR MARKETING - LEASE - I
...................
Page 1 of 5
76
LPD Academy
24,324
3109
Storage
545
3110
Storage
150
b
_
e
S.P.A.G. - LAW ENFORCEMENT DIVISION - LEASE -1
E i
<r Q
5001
Law Enforcement Classrooms
7,323
Lease (2,453)
s s
� x
GTE (PHONE) - LEASE -1
20 GTE
6,644
LRRA-LEASE-3
50
LRRA Shop
7,600
Maintenance
74
Lubbock Fire Dept / SPEMS
15,663
Right of Entry
800
LRRA Administration / AFBCA
25,497
Administration (8,000 sf - 1 st Floor Available)
mwmx��'� x
�
ASLAN- LEASE -2
61
Manufacturing Plant
10,928
70
Storage / Offices
5,8051
Partial — Offices Only
PNB (BANK) - LEASE -1
440
Bank
1,998
Page 2 of 5
SUPACHILL- LEASE -2
S.P A G - PUBLIC BENEFIT TRANSFER - 2 - FIRING RANGE (WEST OF AIRFIELD]
m
_... A.
ft
A
3100 Storage
1,000
Public Benefit Transfer
3104 Storage
1,828
Public Benefit Transfer
PIMNY
DESIGN LEASING / BROKERS - LRRA PROPERTY - 5 BLDGS RIGHT OF ENTRY - 1 YEAR
e
89
Storage
6,951
Short Term Right of Entry
92
Hangar
24,080
Short Term Right of Entry
96
Storage
2,296
Short Term Right of Entry
102
Storage
5,898
Short Term Right of Entry
1111
lOffices
2,411
Short Term Right of Entry
AVAILABLE FOR LEASE - 2002 - 31 BLDGS.
7
Workshop
3,032
11
Offices
4,156
15
Offices
10,376
36
Offices / Computer Area
8,507
51
Storage Warehouse
6,750
52
Storage Warehouse
70,726
59
Storage Warehouse
26,187
60
Hangar
6,750
70
Hangar
20,000
79
Special Events Offices
6,947
82
Hangar
55,318
89
Storage
6,951
92
Hangar / Storage
24,080
123
Special Events / Theater
9,507
Seats 250
210
LPD / Special Events - Gym
22,660
220
4th Corp / Dorms
28,788
Use for Reserve Training
230
Offices / Labs
23,912
310
Office / Classrooms
12,701
315
Restaurant or Offices
14,080
340
Offices / Lab
4,992
Pending Lease
341
Offices / Lab
6,953
430
Courtyard Restaurant
14,555
500
SPAG - Law Enforcement Classrooms
4,870
SPAG - First Right of Refusal
535
Research
44,814
Temporary Right of Entry - 25,000 sf / Hollands)
537
Office / Research
37,570
540
Auto Shop
6.185
Lease Pending City Street Department
Page 3 of 5
AVAILABLE FOR LEASE - 2002 - 31 BLDGS CONTINUED
OHM - PUBLIC BENEFIT TRANSFER -1
DEMOLITION - 82 BUILDINGS
3
Water Pump Station
750
21
Bowling Center
12,683
32
Animal Clinic
1,860
40
Test Cell
300
41
POL Fuel Stand
100
44
Vehicle Servicing Rack
100
45
Liquid Fuels Trco
440
47
Lox Storage
160
71
Electric Utility Vault
2,219
83
Water Pump Station
1,471
84
Shack
440
88
Flight Branch
660
97
Paint Barn
160
98
Hazmat Storage
296
99
Water Supply
180
103
Parts Storage
440
110
Control Tower
2,239
153
Storage
368
170
Shack
811
213
Storage
240
214
Bath House
1,626
Pool
215
Pool
4,000
251
Hazardous Storage
368
252
Hazardous Storage
1,327
270
Shack / Storage
916
320
Dormitory
29,780
420
Dormitory
28,788
421
Quality Training
4,824
470
Shack
916
507
Storage
144
541
Warehouse
9,421
Pending Lease - TTU Storage
542
Warehouse
9,266
Pending Lease - TTU Storage
550
Hazmat Storage
112
570
Shack
939
650
Carwash
N/A
731
Latrine
216
770
Shack
969
780
Fuels Pump Station
198
792
Hush House
1061
Sold for Parts
Page 4 of 5
RMI*IiqkgLolm •, 1Rib
ro:
870
Shack
969
946
Latrine
216
970
Shack
916
1030
Dormitory
16,902
1066
Pool
3,300
1067
Bath House
2,000
1070
Shack
916
1140
Dormitory
17,269
1145
Dormitory
15,380
1150
Temporary Lodging Facility
10,616
1170
Shack
979
11731
Liquid Oxygen Plant
439
1220
Dormitory
17,269
1225
Dormitory
17,269
1234
Training Tower
728
1250
Latrine
216
2001
Sewage Treatment
991
2002
Storage
1,800
2003
Entomology
1,270
2004
Storage
572
2005
Hazardous Storage
2,714
2008
Waste Treatment Pump
196
2020
Gatehouse
121
2026
Latrine
47
2104
DRMO
4,000
2105
Water Pump House
168
2107
Storage
3,280
2108
Hazardous Storage
384
2110
Hazardous Storage
403
3011
Latrine
460
3015
Day Care
7,680
3016
Shed
100
3018
Recreation Storage
480
3113
Runway Supervision Unit
472
3114
Runway Supervision Unit
472
3116
Runway Supervision Unit
472
3118
Runway Supervision Unit
472
31191
Radio Transmitter / Receiver
81
3120
Shed
196
3122
Vortac / Tacan
900
3130
Generator House
186
6570
Shack
969
�.��',{,
*'�� a:.� � ^
�' I —
' h" ! �<.. , Jf — ,�,. '`vs�,_ , SSE • �`�',�ea, . �t�' �;
SUMMARY
30 Public Benefit Transfer - (CAM Fees Only - No Lease Income)
16 Leased - (3 are LRRA Buildings- No Lease Income)
82 Demo
31 Available Currently - (All require various levels of repair / renovation / some pending leases)
158 TOTAL BUILDINGS
Page 5 of 5
Resolution No. 2002-R0077
EXHIBIT "B"
SCHEDULE OF COMMON AREA MAINTENANCE FEES
Resolution No. 2002-R0077
EXHIBIT "B"
LUBBOCK REESE REDEVELOPMENT AUTHORITY
CAM FEE SCHEDULE (COMMON AREA MAINTENANCE)
FY 2002
REVISED 01/30/02
TOTAL SQ. FT. LEASED / PBT (01/30/02) 532,279 / SF
CAM TOTAL COST / SF $1.52 / SF
Resolution No. 2002-R0077
EXHIBIT "C"
SCHEDULE OF AVAILABLE FUNDS
EXHIBIT "C" Resolution No. 2002—R0077
Lubbock Reese Redevelopment Authority
FY 00-02 Combining Budget
Cash Flow Analysis
October 2001 Through September 2002
General
OEA
Marketing
Caretaker
'01= 02
Fund
Fund
Fund
Fund
Total
Beginning Cash
$
414,014
$ 32,399
$
273,938
$
734,558
$
1,454,908
Beginning Investments
$
1,395,335
$
473,655
$
1,868,990
Add:
Net Income from
$
-
Operations
$
15,750
$ -
$
48,250
$
-
$
64,000
Non -cash Expenses
$
55,069
$
4,155
$
59,224
Collections on Housing
$
1,000,000
$
11000,000
Increase in Accounts
Payable
$
2,400
$
1,500
$
(8,700)
$
(4,800)
Decrease in Interfund
Payables
$
9,698
Less:
Capital Equipment
$
(15,750)
$
(48,250)
$
(64,000)
EDA Grant Match
$
(693,300)
$
(693,300)
AFBCA Cash Advance
$
(734,558)
$
(734,558)
Increase in Accounts
Receivable (1)
$
(19,315)
$
14,070
$
(5,245)
Decrease in Accrued
Liabilities
$ (5,380)
$
3,823
$
(15,068)
$
(16,625)
Ending Cash $ 2,154,202 $ 27,018 $ 757,071 $ 0 $ 2,928,594
(1) Increase in accounts receivable in General Fund due to increase in CAM fees in FY 2002
Resolution No. 2002-R0077
EXHIBIT "D"
CONDITION ASSESSMENT REPORTS
EXHIBIT "ID" Resolution No. 2002-R0077
6-Cr,
Reese Technology Center
A Master -Planned Research & Business Park
POTENTIAL LEASE SPACE
1 /28/2002
NOTE: Upgrades paid through Reimbursable Lease Program
r
-
7
Radar! Communication
3,032
$1.52
$2.00 - $3.00
$10,672.64 - $13,704.64
$30,320.00
11
Post Office
4,156
$1.52
$2.00 - $3.00
$14,629.12 - $18,785.12
$41,560.00
15
Library
10,376
$1.52
$2.00 - $3.00
$36,523.52 - $46,899.52
$103,760.00
36
Data Automation
8,507
$1.52
1 $3.00 - $4.00
$38,451.64 - $46,958.64
$85,070.00
51
Engine Hanger
6,750
$1.52
$1.00 - $2.00
$17,010.00 - $23,760.00
$67,500.00
52
Engine Hanger
70,726
$1.52
$1,00 - $2.00
$178,229.52 $248,955.52
$707,260.00
59
Aircraft Fab Hanger
26,187
$1.52
$1.00 $2.00
$65,991.24 - $92,178.24
$261,870.00
60
Fuel Sys. Hanger
6,750
$1.52
$1.00 $2.00
$17,010.00 $23,760.00
$67,500.00
" 70
Aircraft Hanger
20,000
$1.52
$1.00 - $2.00
$50,400.00 - $70,400.00
$200,000.00
79
Base Operations
6,947
$1.52
$3.00 - $4.00
$31,400.44 - $38,347.44
$69,470.00
82
Hangar
55,318
$1.52
$2.00 - $3.00
$194,719.36 $250,037.36
$55,000.00
89
NDI Lab
6,951
$1.52
$2,00 - $3.00
$24,467.52 $31,418.52
$69,510.00
92
T-37 Hanger
24,080
$1.52
$1.00 - $2.00
$60,681.60 - $84,761.60
$240,800.00
123
Theater
9,507
$1.52
$2.00 - $3.00
$33,464.64 $42,971.64
$95,070.00
210
Gymnasium
22,660
$1.52
$2.00 - $3.00
$79,763.20 - $102,423.20
$226,600.00
220
Airman's Dorm
28,788
$1.52
$1.00 $2.00
$72,545.76 $101,333.76
$287,880.00
230
Headquarters Bldg.
23,912
$1.52
$2.00 - $3.00
$84,170.24 - $108,082.24
$239,120.00
310
Family Center
12,701
$1.52
$2.00 - $3.00
$44,707.52 $57,408.52
$127,010.00
315
Enlisted Club
14,080
$1.52
$2.OD - $3.00
$49,561.60 $63,641.60
$140,800.00
340
Arts and Crafts
4,992
$1.52
$2.00 - $3.00
$17,571.84 - $22,563.84
$49,920.00
341
Child Care Center
6,953
$1.52
$2.00 $3.00
$24,474.56 - $31,427.56
$69,530.00
430
Caprock Cafe
14,555
$1.52
$3.00 - $4.00
$65,788.60 $80,343.60
$145,550.00
500
Security Building
7,323
$1.52
$2.00 - $3.00
$25,776.96 - $33,099.96
$73,230.00
535
Commissary
44,814
$1.52
$2.00 - $3.00
$157,745.28 $202,559.28
$448,140.00
537
Base Exchange
37,570
$1.52
$2.00 - $3.00
$132,246.40 - $169,816.40
$375,700.00
540
Auto Hobby Shop
6,185
$1.52
$2.00 - $3.00
$21,771,20 - $27,956.20
$61,850.00
541
Warehouse
9,421
$1.52
$1.00 - $2.00
$23,740.92 - $33,161.92
$94,210.00
542
Warehouse
9,266
$1.52
$1.00 - $2.00
$23,350,32 - $32,616.32
$92,660.00
1130
Officers Club
22,381
$1.52
$2.00 - $3.00
$78,781A2 - $101,162.12
$223,810.00
1180
T-1 Hanger
47,440
$1.52
$1.00 $2.00
$119,548.80 - $166,988.80
$474,400.00
1300
Hospital
60,628
$1.52
$2.00 - $3.00
$213,410.56 - $274,038.56
$606,280.00
0
NOTE: Building #70 - 5,850 SF is office space leased by Asian.
***NOTE: All buildings are in need of some repair. Amount of repair to each building will vary.
Resolution No. 2002-R0077
EXHIBIT "E"
SCOPE OF SERVICES
SCOPE OF SERVICES
The anticipated scope of services to be provided by MLI is expected to include, but is not limited
to, the following:
A) Initiate and establish contact with prospective users/buyers/investors, including MLI's
current prospects, to determine their capacity and desire for available buildings or land.
Qualifying characteristics will include the size of the company by employee count, dollar value
of company, financial strength of company, ability of company to use existing structures, and
potential to capitalize on emerging technologies as developed at Reese Center.
B) Upon direct referral of specific contacts from LRRA, respond to inquiries and proceed
with proposals consistent with information provided in Exhibits A-D of the Agreement.
C) Arrange meetings and tours with prospects in coordination with management of LRRA.
D) Submit preliminary proposal to potential users/buyers/investors. Subject to Section 4 of
the Agreement, LRRA reserves the right to review proposals before they are submitted to
prospects.
E) Follow up on submittals.
F) Conduct inspection and review of project and properties with users/buyers/investors.
G) Prepare and submit quarterly status reports to LRRA.
H) Qualify Prospects:
♦ Business plan and job creation potential
♦ Experience
♦ Motives
♦ Timing
♦ Financial Capability
Due diligence must be conducted by the prospective tenant or user and not by MLI or the LRRA
on behalf of the prospective tenant or user unless specifically disclosed and agreed to in writing
by all parties. All proposals to prospects will include such disclosure.
Resolution No. 2002-R0077
EXHIBIT "F"
LIST OF AREAS AFFECTED
NORTHWEST
RUBBLE
AREA
NORTH RUNWAYS SSA
SMALL ARMS
FIRING RANGE
KE i` t
r; J
^1 /
Z
0
H
FORMERLY
ACTIVE FTA _
SOUTHWEST
NDFILL —,. I'
AREA AND
_DG. 43 OV
EXHIBIT "F"
OLD FTA 2
—TOWER AREA (SOIL)
TOWER AREA SSA
L___
C.E. PAINT
SHOP TRENCH
BLDG. 555 OWS
2120
PICNIC LAKE
UPPER
SITE
a
INDUSTRIAL DRAIN
2110/
LINE (PICNIC LAKE/
2114
GOLF COURSE LAKE)
pqN T �4np
GOLF
N N BpV
ND
COURSE
$ S,gNTq F
y
GREENS
LANDFILL 4
GOLF COURSE LAKE
GOLF COURSE
PERIMETER ROAD SSA
,
GREENS
HURLWOOD ACQUISITION
HURLWOOD ACQUISITION
LANDFILL (GROUNDWATER)
II
LANDFILL (SOIL)
N O R T H LEGEND
FIRS 2 (RES) DEED
BENZENE
UNRESTRICTED
RECORDATION
CONTAMINATION
0
FUTURE USE
AREAS
> 5 ug/L
AREAS
RRS 2 (IND) DEED
RECORDATION
TCE
CONTAMINATION
a
AREAS
> 5 ug/L
RRS 3 DEED
o i000 zoao s000
m
n�. %_# L o % i 1%_#14
�.
AREAS
AREAS
�Liu
SCALE IN FEET�Li
SCALE IN FEET
a
Reese AF8 Land Use Restriction/Institutional Control Areas