HomeMy WebLinkAboutResolution - 2023-R0597 - Downtown Grant Program Permittable, Tru Dean Realty, LLC, 611 Broadway - 12/12/2023Resolution No. 2023-R0597
Item No. 5.8
December 12, 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 Tru Dean Realty, LLC is hereby approved pursuant to Section 5 of the
Amended and Restated Bylaws of the Corporation.
Passed by the City Council on December 12, 2023
TRAY P E, MAYOR
ATT ST:
Courtney Paz, City Sec�e ary
APPROVED AS TO CONTENT:
��
Brianna Brown, Business Development Director
APPROVED AS TO FORM:
. —� `
�!/�G
T lli Leisure, Senior Assistant City Attorney
ccdocs/RES. Market Lubbock DT Permittable Grant - Tru Dean Realry
I I .29.23
Resolution No. 2023-R0597 RE 23-81
RESOLUTION APPROVING
TRU DEAN REALTY AT 611 BROADWAY
DOWNTOWN FA�ADE & PERMTTABLE GRANTS
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 29, 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
Tanner Dean and Ruben Trujillo, owners of Tru Dean Realty, LLC, who are renovating their property at 611 Broadway, located
in the Downtown TIF. Tanner moved from the high trees of East Texas to the high plains of West Texas in 2012. In 2014, he met
his amazing wife Mackenzie and decided together to commit to raising a family in Lubbock. In addition to his family, Tanner is
passionate about investing in and caring for others and is able to do those through the career path of Real Estate. Tanner strives to
live life with the utmost integrity which will undoubtedly be seen through working with him.
Faith and family are two words that are near to Ruben's heart and he is married to a supportive wife, Haley, and together they
have four children. Ruben moved to Lubbock in 2009 to attend school at Texas Tech University and found himself loving Lubbock
so much that he called it `home' ever since. Ruben has a passion for helping people and has spent his career channeling that
passion into helping his clients in various industries for over I S years. In Real Estate, he has been helping families in the Lubbock
area buy and sell homes since 2017.
The scope of fagade work wilt include exterior lighting, glass, landscaping and brick work totaling $44,700 in expenses. The
scope of permittable work will include demolition, electrical, and plumbing totaling $301,244 in permittable expenses. Grand
total of $345,944 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 a Downtown Farade Grant for the Tru Dean Realty, LLC $22,350 and a Downtown Permittable Grant for $30,124 at 611
Broadway, 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, Dr. John Opperman, and Seconded by Director, Mr. Blake Womble, .
IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with Tru Dean
Realty, LLC,. for improvements to the property at 6l 1 Broadway, 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
611 Broadway
(Tru Dean Realty, LLC)
TOTAL SCOPE OF WORK = $345,944
TOTAL GRANTS = $52,474
TOTAL FAC�ADE SCOPE OF WORK =$44,700
FAC�ADE GRANT = $22,350
TOTAL PERMITTABLE SCOPE OF WORK =$301,244
PERMITTABLE GRANT = $30,124
M A R K E T
1 1 I •„"�,
1 1 r�
Downtown Grant Program
Presented to ML[ Board
November 29, 2023
Project 611 Broadway (Fa�ade & Permittable)
Tanner Dean and Ruben Trujillo, owners of Tru Dean Realty, LLC, are renovating their property at 611
Broadway, located in the Downtown TIF.
Tanner moved from the high trees of East Texas to the high plains of West Texas in 2012. In 2014, he met
his amazing wife Mackenzie and decided together to commit to raising a family in Lubbock. Tanner and
Mackenzie have a beautiful daughter named Laken with another on the way. In addition to his family,
Tanner is passionate about investing in and caring for others and is able to do those through the career
path of Real Estate. Tanner strives to live life with the utmost integrity which will undoubtedly be seen
through working with him.
Faith and family are two words that are near to Ruben's heart. He is married to a wonderful, supportive
woman, Haley, and together they have 4 energetic young children. Ruben moved to Lubbock in 2009 to
attend school at Texas Tech University and found himself loving Lubbock so much that he called it'home'
ever since. Ruben has a passion for helping people and has spent his career channeling that passion into
helping his clients in various industries for over 15 years. In Real Estate, he has been helping families in
the Lubbock area buy and sell homes since 2017.
The scope of fa�ade expenses includes exterior lighting, glass, landscaping, and brick work totaling
$44,700 in expenses. The scope of permittable work will include demolition, electrical, and plumbing
totaling $301,244 in permittable expenses. Expense totals $345,944.
The MLI Board is being asked to consider a Downtown Fa�ade Grant of $22,350 and a Downtown
Permittable Grant of $30,124 to Tru Dean Realty, LLC at 611 Broadway.
LUBB�CK_
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:
Market Lubbock, Inc.
1500 Broadway, Sixth Floor, Lubbock, TX 79401
Phone� 806.749.4500
Email: ioraeCa�marketlubbock.orp
Date Initial Application Submitted (Due prior to start of construction or permits assigned) 06/20/23
Projected Project Start Date Estimated Au 1, 2023
Project Property Address 611 Broadwa St, Lubbock, TX 79401
Property LCAD R# R111699
GENERAL INFORMATION
Company Name Tru Dean Real , LLC Contact Tanner Dean
Street Address 5 S. Lakeshore Drive Title Co-Owner / Tenant
City, State, Zip Ransom Can on, TX 79366 Phone 806-905-7377
Email tanner clearrockreal .com
INFORMATION ABOUT THE PROJECT
Property Ownership: Own 0 Lease �
Summary Scope
te Renovation -Interior, Plumbing, Electrical, etc.
Grant Type:
Permittable� Far,ade ❑
124
Final bids will be used to calculate the project cost
grant amount.
COMPANY BACKGROUND
List any person or entity that has at least 5% ownership in the Applicant Company:
Name Percent Name Percent
TannerDean 50%
Ruben Tru'illo 50%
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 ou answered "No" to either of the above two uestions, lease ex lain
Is the firm and/or principals delinquent on any federal, state or local tax obligations?
Has the company or principals of the company had prior bankruptcies or lawsuits?
answered "Yes" to either of the above two
M LI
No �
No �
122822
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)� Tanner Dean per email
Date: 6/20/2023
MLI 12.2822
611 Broadway — Before Pics
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To whom it may concern,
Attached is our Good Faith Estimate for our remodel at 611 & 613 Broadway for Clear Rock Realty.
If you have any questions or concerns, please feel free to reach out to me!
Thank you,
Jason Nesloney
Nesloney Homes, LLC
www.nesloneyconstruction.com
neslonevhomes@�mail.com
806.620.3031
Hardware Mata�aLs Danent S 1,000 00
Roo(ng 7'hermathield 3 I I 600 00
New Guners 7fiermashield S 3 000 00 FBU
Cable RaJing Mata�al TBD S 4,000 00 Stainvell and Upsm�rs Lounge
Cable Radm Inslall Ncslon Commercml S 2,500 00
Storefront Glass Glass Gurus S 6,000 00 Srorcfront at Lounge
Conferrnce & Ot�ce Glass - Lower Level Glass Gurus S I S 000 00 Let's sa wha� we can gtt for E I Sk
Stucco Patch on NE S�de Glass Gurus S 8,000 00
SiddBack Door TBD S 3 000 00
Intenor poors hlcCo sB4 5 J,418 00
Ba�hroom Hardware & Grab Bars Matenal A+ Opmmgs and Soluuons E I,000 00
BaJvoom Hardware & Grab Bars labor TBD E 500 00
Room S�unaedGlazs Daals S�¢ns on the Go S 500 00
Ratroom Tde & Backsplash labor � � Robert Rybak S 6,500 00 Tde wavuwt Q�back wall and Floor at 4 bathrooms, Backsplash @ Breakroom
Tde MatenaLs Yx�a Floonn Cmter S 4,500 00 Bud et Allowance I�em
V myl & Cove Base labor Robert Rybak 5 4,500 00 LoFl Carpet Tde - or LVT- Floormg, Cove Baze on sheetrock wa1Ls
Vmrl & Cove Bue b(atenaLs Yata Floonn¢ Crntc S 4,500 00 20 md V �np�l tivouRhout oftice �a� E]!SF w' wazte
gh In Plumbmg 1 Slone Service S a.000 00
Top Out 1 Stone Sm�ice S a,000 00
Tnm Fu�al 1 Stone Service 3 �I 000 00
1 a Fea COL S I.663 00
Elecvic LP&L S I,000 00 MNermg FealRaoulmg Poaver Supply
Mealwork at Slaus Nalon Commercial S 5,000 00
Patch Plumbmg Sawcut RanovaLs LR Cabraa S 1,000 00
Prep Concrele Zachary Watkms S 8 500 00
Pol�shConcrete 7BD 5 8.50000
Bnck Labor & tilaterals West Texas ELte Masonry S 2.000 00 Pom�ng up Alortar
Elatr�pl Final TBD � 9.250 00
Eqwpment Rrntal TBD F -l.000 00
Breal:room Appliances Faguson Enterpr�sa S 4,000 00 Fndge, Microwave, Duhwasher
Extenor Ligh�ng TBD E 500 00
Intenor Lighimg DemenUOnline E 3 000 00
OH&P Naloney Commac�aVDynamic Homes S 15,750 00
Toml Pro�ected Costs S 249,981 00
Ongmal Esumatod Toml S 250,000 00
Ddla S 19 00
Confamce Room Glass Glass Gurus E 6.000 00
StoreGont Glass Glass Gurus S 7,500 00 Storefront ro Breakroom Area
Back Door A+ Open�ng Soluaons S 2,000 00
Imerwr poors TBD S From 61 I
Sheetrock/D wall Finahes Pedro Se a 5 4,500 00
Grand Total = $349,944
Subtract Appliances ($4,000) _ $345,944
FACADE (yellow) _ $44,700
PERMITTABLE _ $301,244
Im q Fees COL E 1,663 00
Pol�sh Conttete TBD S �C000 00
Extenor Lighung TBD E 500 00
IntaiorLi hhn DemenUOnlme S 1,50000
OH&P Naloney Homa/Dynamic Homa E 10,000 00
Total Pro�octad Costs f 99,963 00
Onginal Eshmated Total S 100,000 00
Delm S 3700