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HomeMy WebLinkAboutResolution - 2023-R0174 - Downtown Permittable Grant with Historic Cactus Theater at 1812 Buddy Holly AveResolution No. 2023-R0174 Item No. 6.10 April 11, 2023 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 Downtown Permittable 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 the Historic Cactus Theatre of Lubbock, Inc. is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on ATTEST: Courtney Paz, InteritUity ecr APPROVED AS TO CO ENT: l� Brianna Brown, Business Development Director ER W W C 1]+I w I1E.1"111-Ell U K/& ��Z W� elli Leisure, Senior Assistant City Attorney ccdocs/RES. Market Lubbock DT Permittable Grant — Cactus Theatre 3.22.23 April 11, 2023 RE 23-16 RESOLUTION APPROVING HISTORIC CACTUS THEATER OF LUBBOCK, INC. AT 1812 BUDDY HOLLY AVENUE DOWNTOWN FACADE AND PERMTTABLE 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, March 22, 2023, 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 the Historic Cactus Theater of Lubbock, Inc., who is making improvements to the property at 1812 Buddy Holly Avenue, which is in the Downtown TIF. The Cactus Theater was constructed in Lubbock, Texas in 1937 and officially opened in April 1938 as the first suburban, neighborhood movie theater, Built with a cost of around $30,000, it originally featured 720 seats and a washed air-cooling system. Its marquee featured 750 feet of neon lighting. The original Cactus operated as a movie house from 1938 to 1958, when it was closed, stripped of its interior furnishings and equipment. For many years, it was used as a storage facility for scrap iron by the neighboring Greer Iron Works. On July 1, 2016, the Cactus Theater was acquired by Lubbock businessman and music promoter Darryl Holland. The vision for the Cactus remains focused on showcasing top- notch local talent, and promoting an expanded regional and national touring acts, screening classic and independent films on the new installed digital projection system. A new, state -of-the-art sound system has recently been installed as well, giving Cactus patrons the ultimate listening environment possible The scope of the facade and permittable work will include the complete restoration of the marquee totaling $84,830 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 the Historic Cactus Theater of Lubbock, Inc. a Downtown Facade Grant for $25,000 and a Permittable Grant totaling $3,483 at 1812 Buddy Holly Avenue, 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. James Conwright, and Seconded by Director, Ms. Melissa Collier. IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with the Historic Cactus Theater of Lubbock, Inc. for improvements to the property at 1812 Buddy Holly Avene, 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 Linda Davis, Secretary MARKET LUBBOCK, INC. — DOWNTOWN GRANT PROGRAM 4 r �� :i•Tr'-�-�—s-�}fir i. _ ctr .It iti ltt.^. tttJti (T CILitSl 12"tt.�lt ([Ut • a.155 9r SItQ '. r1LL•;� i5 "Autii IY16 ull" u lti�r t iwt{P 6N i All iMtlf {Ip fRltttli CLAMTlttq A111 ■ 1812 Buddy Holly (Historic Cactus Theater of Lubbock, Inc.) TOTAL SCOPE OF WORK = $84,830 TOTAL GRANTS = $28,483 TOTAL FACADE SCOPE OF WORK = $50,000 FACADE GRANT = $25,000 TOTAL PERMITTABLE SCOPE OF WORK = $34,830 PERMITTABLE GRANT = $3,483 M A R K E T Downtown Grant Program Presented to MLI Board March 22, 2023 Project 1812 Buddy Holly (FaVade & Permittable) The Historic Cactus Theater of Lubbock, Inc. is making improvements to the property at 1812 Buddy Holly Avenue, located in the Downtown TIF. The Cactus Theater was constructed in Lubbock, TX in 1937 and officially opened in April 1938 as the first suburban, neighborhood movie theater. Built with a cost of around $30,000, it originally featured 720 seats and a washed air-cooling system. Its marquee featured 750 feet of neon lighting. The original Cactus operated as a movie house from 1938 to 1958.... when it was closed, stripped of its interior furnishings and equipment. For many years, it was used as a storage facility for scrap iron by the neighboring Greer Iron Works. On July 1, 2016, the Cactus Theater was acquired by Lubbock businessman and music promoter Darryl Holland. The vision for the Cactus remains focused on showcasing top-notch local talent; promoting an expanded offering of regional and national touring acts; and screening classic and independent films on the newly installed digital projection system. A new, state-of-the-art sound system has recently been installed as well ... giving Cactus patrons the ultimate listening environment possible. The scope of facade and permittable work will include the restoration of the marquee totaling $84,830 in expenses. The MLI Board is being asked to consider a Downtown Fagade Grant for the Historic Cactus Theater of Lubbock, Inc. totaling $25,000 and a Downtown Permittable Grant totaling $3,483 at 1812 Buddy Holly. B LUBOCK. 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: iome(Wmarketlubbock.org Date Initial Application Submitted (Due prior to start of construction or permits assigned) 03/10/23 Projected Project Start Date 04/03/23 Project Property Address 1812 Budd Holly Ave, Lubbock, TX 79401 Property LCAD R# 1130687 GENERAL INFORMATION Company Name Historic Cactus Theater of Lubbock, Inc. Contact Darryl Holland Street Address 1812 Buddy Holly Ave. Title Member City, State, Zip Lubbock, TX 79401 Phone 806-438-2396 Email dar I cactustheater.com INFORMATION ABOUT THE PROJECT Property Ownership: Own Lease Grant Type: Permittable Fagade :2�1 Marquee upgrade Summary of Expenses (detailed bids attached) Projected MLI Approved Marquee Fagade $50,000 $25,000 Permittable $34,830 $3,483 TOTALI $84,830 1 $28,483 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 Percent Darryl Holland 100% 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 If 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 s Has the company or principals of the company had prior bankruptcies or lawsuits? No IV If you answered "Yes" to either of the above two MLI 12.28.22 Is the firm receiving tax revenue from any government agency? No APPLICANT'S 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 Gerardi, City Director of Development bgerardi@mylubbock.us , to determine: Does the scope of work meet downtown standards and guidelines? ❑ 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 ❑ orr@mylubbock.us) Architectural Renderings (if applicable) ❑ Architectural Plans (if applicable) ❑ After Completion of Construction Certificate of Occupancy or Similar City Document Approving ❑ Completion (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): Daryll Holland Date: 3/10/23 per email 2 MLI 12.28.22 Post Office Box: 87 Amarillo, TX 79105 www.skyrite.com 806.376,7716 voice Company: CachaTEecer Date: 3023 Contact Darryl Holland Bid #: 1o0-157 Project:— CwbnThPmsrl*oratkm _— $kyrite Ree: lisaaci- ntandm ^ Address: 1812BudayHoltyAm. Umbork.TX79401 Phone_ (906)542-1119 Phone: (806) 438-2396 Email: itwnandaxt *yfi,taxm Email: darr�ti@�caat�ntlwatar aorro Texas Elemrical Sign Contrmcmrs Licerse 4!:18972 _._ New Mexico Sign Utemae 4U: 396270 Sconce of Worle (12)17' Tall Open Facia Nwn Chanraii !.altars - S12:2401 Qatarm Raceway - $2.640 1 hats avian - $Z500 (6) Masa Pana]s wish Now orLED Lpiighbng - $W40 - Installation - $4,5001 (4) PahWd Alumcon" Cacti - $4.200 - bWL*asia,: $1,5W Cantor Piece on Marquwa - Fakiftao Now 8'-8": 91".224' of Nwrk Tramfomwrs, GTO, Stand-cfh & Gi= Mrn>xkup - $1QSi0 - InAnUtinm $12,501) � Paatberg of Ong •mwl m - $1,500 Pamst & Acqusitim - $500 Quanity Materials, labor, equipment etc. Lump Sum Payment Terms: A half down payment of $42.415.00 will 6e due with a signed contract The remainder of the balance will 6e due upon completion Price Extended sai.aao ie&IMI wbTotal: w-xmo Tax.: &D.W Total: =41' 1 j Regulated by The Texas Department of Licensing and Regulations: R.O. Box 12157 Austin, Texas 711711 I Phone: 1-:BM803-9202 or S12-463-6S" Webute: www.tdlr.texa 9ov Acceptance & Agreement to Terms By signing below, I confirm that I am authorized 6y Customer to enter into this Agreement. I have read, understand, and expressly agree to the Proposal and the Terms and Conditions detailed on pages one and two. This proposal mny 6e withdrawn in 30 days if not accepted. Accepted b1r. S rrte Reprere+ tative: Darryl Holland DaSgpod!?C6mflEt.i:wl Die 2D23927D l2M45 D. 310123 Signature Date Signature die CACTVS 1812 BUDDY HOLLY AVE. LUBBOCK, TX VECTOR ARTV/ORK/LOGO (Ai Or PDF) YES NO "DDI IIONAI CHARGF. TO VECiORVF. LOGO "MCISSUH)ECT TO CHAFIGE AF-IF^n VF:CIOFI%I-.I) I OGO RF'CeIVF.D ACCOUNT EXECUTIVE ISAAC HERNANDEZ DES;GNED BY SHELBY CARRIZALES la ADDITIONAL SIGNS TO EXISTING MARQUEE QUARTER VIEW Q O 0% ��- EXPOSED VEEP GREEN NEON ALUMINUM OPEN CHANNEL -- LETTERS PAINTED INSIDE GREEN /J OUTSIDE TO RETURN DK ORANGE 21'-7"APPROX O.A.W L SIGN CO. . n..aa.�rw:eMpr.Y L11. , MEMBER TE><�- SIGN ASSOCIATION UpLK"ING OPEN FACE NEON CHPoL LTRS NEW GVCRYa CUSTOM PAINT WENT SIGNATURE DATE: REPAMf CABRETS SIDE VIEW 27"APPROX © EXISTING 8" T SI" 2111 O r EXIS ,INOG MARQUEE 1 iF "VERIFY WITH TECHNICAL SU ODETAIL f � IScYy_�•i 1 4$' 19 6- d0 75" w�� 1`m 2V-7"APPROX O.A-W CLIENT SIGNATURE OAT / ! EXPOSED ORANGE NEON o' WIREWAY PAINTED .T- CUSTOM PAINTED ALUMINUM CACTUS 361 x 57-w CUSTOM PAINTED ALUMINUM. CACTUS 22't x 30'w 8' 37 25--� EXPOSED YELLOW NEON f 8' EXPOSED YELLOW NEON 63 p- it 18'- 10" YEAR Ty CLIENT SIGNATURE c6NTC DATE / ! "'VERIFY :'JITH TFCHidI"-At_ St-JRVFY--- (2 sets) OPEN FACE NEON1 -Overall Dimension: AS SHOWN FACE: Acrylic/Nlycarbonate -Overall Dimension AS SHOWN FACE: Aluminum -Open Face Metal Neon Lit Channel Letter PAINT: TBD -Non lit Alumn. painted Panels PAINT- TBD -Mount to Existing Marquee RETURNS•TBD & Custom painted Accents. Cactus 3" x 3" Wireway RACE WAY: TBD NEON /LED NEON: Green 1 -Overall Dimensions: AS SHOWN PAINT:TBD OventI Linear feet: Appmx 224' NEON: Yellow, Red, Pink, Orange Repaint Existing Marquee Sign -New Glass Neon As Proposed -Overall Dimension: AS SHOWN -Includes Install, Mobilization, Permit, & StaffTmre MledlumTone End Imes DarkTone LitghterTone Neon 1939 -NOW CLANI Ur-uruxt DATF _ I / eon CACTUS THEATRE Lubbock TX Final Design Feb2023