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HomeMy WebLinkAboutResolution - 2024-R0063 - Commercial Revitalization Grant Program Facade Exp., Bob Teaff, 2432 34Th St. - 02/13/2024Resolution No. 2024-R0063 Item No. 5.6 February 13, 2024 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 Commercial Revitalization Fa�ade 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 Bob Teaff, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on February 13, 2024 ATTEST: Courtney Paz, City Secre ary TRAY P,A�N�, MAYOR APPROVED AS TO CO TENT: . Brianna Brown, Business Development Director APPROVED AS TO FORM: � r elli Leisure, Senior Assistant City Attorney ccdocs/RES. Market Lubbock CRG Facade Expenditure — Bob Teaff I 24.24 Resolution No. 2024-R0063 L',���il RESOLUTION APPROVING BOB TEAFF-PROPERTY OWNER OF LUBBOCK LOCK & KEY AT 2432 341e STREET COMMERCIAL REVITALIZATION FA�ADE GRANT ATE 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, January 24, 2024, 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 Bob Teaff, property owner, is renovating 2432 34'�' Street, which is located in the Lubbock Neighborhood Empowerment Zone as designated by the City of Lubbock. The location is home to Lubbock Lock & Key. The scope of the facade work includes sidewalk and awning repair and stone and concrete work totaling $21,721. 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 Bob Teaff a Commercial Revitalization Fa�ade Grant for $10,860 at 2432 34'" Street, which is in the Lubbock Neighborhood Empowerment Zone, 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. Sonny Garza, and Seconded by Director, Mr. Brett Cate. 1T WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with Bob Teaffproperty owner at 2432 34�' Street, Lubbock, Texas. 7'his Economic Development Grant and Contract will be on the normal terms and conditions of such Commercial Revitalization 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. l�'�� John Osborne, President & CEO L���GGG/i�'����!/,G� Linda Davis, Secretary MARKET LUBBOCK, INC. COMMERCIAL REVITALIZATION GRANT PROGRAM �� � �`, l. '. -�.•'" ' .... . - ..,._._. ,.. �. . . . . .. .- .. .._.._ . _ . �.. ' . . __ ... -as+. .�:i}�. -- =�--. 2432 34t" St. (Bob Teaff - Property Owner "Lubbock Lock & Key Location") TOTAL FAC�ADE SCOPE OF WORK =$21,721 FAC�ADE GRANT = $10,860 .�___--_.. _- _ _ _-- _ - - - = �-c-,--n-r�i--� _ ....... _ . . . .. . . i . � i I � �� � ��+. i . . .. ':7 ..i��J�. ''��. , ' . � . �. • a. M A R K E T 1 1 I �''�, 1 1 r� Commercial Revitalization Grant Program Presented to MLI Board January 24, 2024 Project 2432 34th St. (Fa�ade) Bob Teaff, property owner, is renovating 2432 34th St., located within a Lubbock Neighborhood Empowerment Zone as designated by the City of Lubbock. The location is home to Lubbock Lock & Key. The scope of fa�ade work includes sidewalk and awning repair and stone and concrete work totaling $21,721. The MLI Board is being asked to consider a Commercial Revitalization Grant Program Fa�ade Grant for Bob Teaff totaling $10,860 at 2432 34Lh St. LUBB�CK_ Commercial Revitalization 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 - Special Projects Phone: 806.23.8241 Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Email: ior4eCc�marketlubbock.orq Date Initial Application Submitted (Due prior to start of construction or permits assigned) 09/01/23 Projected Project Start Date 11/01/23 Project Property Address 2434 34th St. Property LCAD R# 115096 GENERAL INFORMATION ABOUT THE COMPANY Company Name Bob Teaff - Pro ert Owner Lubbock Lock & Ke location Street Address 2434 34th St. City, State, Zip Lubbock, TX 79411 Name Bob Teaff Title Owner Phone Number 806-535-3 Email 169 INFORMATION ABOUT THE PROJECT Property Ownership: Own 0 Grant Type (May choose both if applicable): Permittable ❑ Lease ❑ Owner Approved ❑ Fa�ade 0 Detailed Pro'ect Summa includin ro'ected start date and Descri tion of Work: Fa ade concrete, stone work, aint lus roof. Renovations conducted b Bob Teaff, ro ert owner. 1 MLI 5.23.23 Fina/ 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 Bob Teaff 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 vou answered "No" to either of the above two Is the firm and/or principals delinquent on any federal, state or local tax obligations? No � Has the company or principals of the company had prior bankruptcies or lawsuits? No � If vou answered "Yes" to either of the above two Questions, qlease explain Is the firm receiving tax revenue from any government agency? No � APPLICANT'S RESPONSIBILITIES (PROPERTY OWNER OR LEASEE) City of Lubbock requirements: City of Lubbock - Planning Department 806-775-2108 Contact the City of Lubbock to determine the following: ❑ Scope of work meets East Side/34th St./N. University standards and guidelines? ❑ Are permits required for any aspect of the scope of work? ❑ Are public improvements required? � Is there a current Certificate of Occupancy on file for this property? Market Lubbock, Inc. (MLI) requirements: Manager of Downtown & Special Projects (Jorge Quirino) 806-749-4500 Application Packet: � Initial application (page one of this document) must be 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. Date Final Documents Received: ❑ Copies of City permits or City approval ❑ Copy of Current Certificate of Occupancy ❑ Detailed Construction Bids or Schedule of Values ❑ Before Picture (prior to construction beginning) � Architectural Plans (if applicable) ❑ Architectural Renderings (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) MLI 5.23.23 Overview • An Applicant must be a valid Owner or Tenant (Lessee) of the property needing improvements • Properties must fall within the East Side, 34th St., or N. Lubbock Neighborhood Empowerment Zones • Single-Family residences and duplexes are excluded. • An Applicant is eligible to receive a permittable grant and/or fa�ade grant per property (LCAD R# or Development Lot), per enterprise, per year. Must wait one year from approval to apply again for the same property. (Expenses used in one application cannot be used in another application.) • Applicant is not eligible for grant program funding if delinquent in property taxes according to LCAD records - includes all LCAD properties listed in the applicanYs name • MLI disbursements are characterized as "reimbursable grants" - Applicant pays expenses first • Expenses eligible for reimbursement must relate to reasonable costs or expenses. • Receipt of an application is not a guarantee of grant approval. Grant Types Permittable Projects • Improvements require a City of Lubbock permit • Improvements may be made to the exterior and/or interior of the property • Improvements must total a minimum of $5,000 • The permittable grant reimburses 10% of approved expenses up to a$50,000 grant • Permittable scope of work that may be considered: • HVAC • Plumbing • Electrical • Structural • Any other work requring a City of Lubbock permit Fagade Projects • Improvements may or may not require a City of Lubbock permit • Improvements must be made to the exterior of the property facing the most prominent street • Improvements must total a minimum of $1,000 • The fa�ade grant reimburses 50% of approved expenses up to a$25,000 grant • Farade scope of work that may be considered: • Painting • New windows and doors • Signage • Landscaping • Parking lots • Awnings • Any other work that improves the appearnce of the fa�ade Signature (not required for electronic submittals): Bob Teaff (Turned in by hand) Date: 9/1 /2023 MLI 5.23.23 2432 34th St. — Pictures � �' � Z� �� INV�tCE 2346 DET�ILS . �� Y� << � � W� � � ��le�t ��x�s ��mm�res�l �o�f�r�g, L�� D U E 14104/2a23 �3, 03'I .00 .. . . ... Powered by QuickBooks r n � 1� �1i't�G. LLC 806-416•ROOF www.westfie�cescommerclelrvafi�g.cam COMMERCIAL ROOF CONTRACT �1dE4 REDtJIR� I�tOTtCE: "Texas tew req�ires a p�san euur�d �der a pcpc�ty msu�ariee pofi�r ro pay any deduc�ble �plicabla to e daim meFe undet the po�'x�r It is e rodstiun d Texas lew fa a seilef ot goodg a seroioes who reasonably ex�s to be pald wt+d�l�t or partly trom t�e poaeede ot a property insurence cl�lm to kna+�ingly allow the insured p�son b Iail a pay, or assist the �ed person's i�lure to pay. the eppNceble insuranGe deducdble.' COMPANY: CLAIM #� �aflo�s• � r� � s� �i1f:l .d�.e.� 8TATE; ^'Gr ZIP:Z��� � �r � % " .� c�tom.. r�.: :�, �� Phoaa �: �� s u-• 3, � � _ �a ca�mc� �: ! 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