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Home My WebLink AboutResolution - 2023-R0173 - Downtown Façade Grant with Historic Cactus Theater at 1812 Buddy Holly AveResolution No. 2023-R0173 Item No. 6.9 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 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 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 April 11, 2023 ATTEST: . -AlAry Co ney Paz, IAterim&WSecktdy APPROVED AS TO CONTENT: 0(� Brianna Brown, Business Development Director APPROVED AS TO FORM: K li Leisure, Senior Assistant City Attorney ccdocs/RES. Market Lubbock DT Facade Expenditure - Cactus Theatre 3.22.23 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 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 i 1 1 11I �, III r� Downtown Grant Program Presented to MLI Board March 22, 2023 Project 1812 Buddy Holly (Facade & 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 fagade 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: lorcle(o�marketlubbock.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 a cactustheater.com INFORMATION ABOUT THE PROJECT Property Ownership: Own [-, Lease Grant Type: PermittableEl Fagade i� Project Summary 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 Is the firm registered with the Secretary of State's Office to do business in Texas? Yes s 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 T 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 MLI 12.28.22 Ita-1 4 1 L3! S1 YRM welticm sign co. 0 Post Office Box. 87 Amarillo, TX 79105 www.skyrite.com 806.376.7716 voice Company C*d=Theater Date: 312t23 Contact Darryl I-Wila d Bid b: 7QQ-157 Project: Cacus Tyr RmarnLim _ Skyrite Rep: Isaac Hanaandmr . Address: 1B12BuagHcvy" tabodr.TX7U01 Phone: (13M542-1119 Phone: (13M 438-2396 Email: ihwnwAu6sIr0taccm Email: Texas Elemrical Sign Contractors License N: 111872 New Mewco Sign Ucerme v 396270 5cono of Worle (12)17' Ta11 Opon Fncn itaon Ohannoi Ldturs - 512-2401 Cuswna Racw" - $2.W 1 iratilavcn - $2. 500 (6) Mom Panels with Noon orLEO Ll A4 ftiiny - $32,240 - Insuiiatmm - $4,5001 (4) Pa&dmd Aiu nwwm Caob - $4, 2DQ - Prmtaliatian: $1,54D Contar P-raw on Mwqum - IFatsnmw Neer B'-B"a 9'1", 224' of Plsaoa, Transfommws, GTO, Stand -of [a & fslass Housings - $IQS1D - rnstaibbotd. $12,5DD i Pdnting of amu g an wm - $15QQ Ponatit & Acquisitxm - $500 Quanity Materials, labor,, equipment etc. Lump Sum Payment Terms: A half down payment of $42,415.0C will be due with a signed contract The remainder of the balance will be due upon completion Price Extended aaAIM) seam Su6Talal: Um Total: I Regulated by The Texas Department of Licensing and Regulations: P.O. Box 12157 Austin, Texas 79711 Phone: I-SMS03-9202 or 512-463-65" Webute: www.tdlr.texas,gov Acceptance & Agreement to Terms By signing below, I confirm that I am authorized by 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 may be withdrawn in 30 days if not accepted. Accepted br: Skyrite Representative: Darryl Holland s'1' Uaw2t12303DY MU OM' 3ri(Y23 Signature Date Signature Dale CACTVS 1812 BUDDY HOLLY AVE. LUBBOCK. TX VECTOR ARTWORK/LOGO (A+ or PDF) YES NO ..ADDIIIONAI CH4ARCt T0VtCi0RVF IOGO "PhNCFS SUFJFC I TO CF:ANGF AF I F R & C IOT,R/FD I OGO RFCFNF D ACCOUNT EXECUTIVE ISAAC HERNANDEZ DESIGNED BY SHELBY CARRIZALES OADDITIONAL SIGNS TO EXISTING MARQUEE EXPOSED VEEP GREEN NEON ALUMINUM OPEN CHANNEL LETTERS PAINTED INSIDE GREEN OUTSIDE TO RETURN DK ORANGE 21'-7"APPROX O.A.W QUARTER VIEW .L SIGN CO. Ao..16.nnlra.:wir N. 4-* MEMBER = +. SIGN ASSOCIATION OPEN FACE NECN CNN& LTRS WFE1'NY EXPOSED OPWIGE NEON NEW CACTUS CUSTOM PAINT REPAWT NEW CHANNEL „,. >.�.. CASKETS CLIENT SIGNATURE DATE 27"APPROX 115mm% EXISTING DETAIL A W 48' 40 75' 19 - 0" 8" f8,"" d o EXISTING MARQUEE 17'0" x 2'8" 21'-7"APPROX O.A.W RVEY- CLNNT SIGNATURE DATE < Lir IC]P1 I 10 EXPOSED ORANGE NEON o' WIREWAY PAINTED TBD CUSTOM PAINTED ALUMINUM CACTUS 36-t x 57 w CUSTOM PAINTED ALUMINUM- CACTUS 22"t x 30'w liwk As. 8' 37 25� EXPOSED YELLOW NEON 18 EXPOSED YELLOW NEON --� rrr��+rrrr�T rTr - 4- E 18 - 10 YEAR CLIENT SIGNATURE WARRAN DATE / / VERIFY :'JITH —. r— . irc i a iovcv.. OPEN FACE NEONr -Overall Dimension: AS SHOWN FACE: Acrylic / Polycarbonate -Overall Dimension: AS SHOWN FACE: Aluminum -Open Face Metal Neon lit Channel Letter PAINT:TBD -Non Lit Alumn. painted Panels PAINUBD -Mount to Existing Marquee RETURNS: TBD & Custom painted Accents: Cactus 3' x 3" Wireway RACEWAY:TBD NEON /LED NEON: Green GLASS r 7Zr-afl7Dirrkerksio-4ns:WN PAINT. TBD -Overall linear feet: Appmx 224' NEON: Yellow, Red, Pink, Orange ign -New Glass Neon As Proposed INSTALLATION -Overall Dimension: AS SHOWN Indudes Install, Mobilization, Permit, & Staff Time MediurnTone DarkTone End lures LitghterTone Nunn 1939 NOW CLIENT SKWUNT: DATE / eon 4940491%p s CACTUS THEATRE Lubbock. TX Final Design Feb2023