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Home My WebLink AboutResolution - 2019-R0351 - Amendment To Public Infrastructure Funding Agreement With LEDA - 09/24/2019 Resolution No. 2019-R0351 Item No. 6.35 September 24, 2019 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for and on behalf of the City of Lubbock, an Amendment to Public Infrastructure Funding Agreement, by and between the City of Lubbock and Lubbock Economic Development Alliance and related documents. Said Agreement is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council on September 24, 2019 DANIEL M. POPE, MAYOR ATTEST: Rebe ca Garza, City Secreta y APPROVED AS TO CONTENT: �— DIB—lu Kos elich, Chief Financial Officer APPROVED AS TO FORM: Amy X uty City orney Resolution No. 2019-80351 AMENDMENT TO PUBLIC INFRASTRUCTURE FUNDING AGREEMENT BETWEEN THE CITY OF LUBBOCK AND LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE WHEREAS, pursuant to an Agreement (the "Original Agreement") dated on or about January 22, 2019, Resolution No. 2019-R0023, the City of Lubbock (the "City") and Lubbock Economic Development Alliance ("LEDA") entered into an agreement whereby LEDA agreed to perform the construction and development of certain public infrastructure within the Lubbock Business Park, and the City agreed to reimburse LEDA for said performance; WHEREAS, the funding amount, as described in Exhibits A and B of the Original Agreement, is to be amended; WHEREAS, on September 5, 2019, the Lubbock Business Park Tax Increment Financing Reinvestment Zone #3 Board of Directors recommended approval of this Amendment to the Original Agreement; and WHEREAS, the City and LEDA now desire to replace Exhibits A and B in the Original Agreement under the terms and conditions set forth in the Original Agreement. NOW, THEREFORE, for and in consideration of the premises and the mutual covenants herein contained, the City and LEDA agree to modify the Original Agreement as follows: 1. The Original Agreement shall be amended by replacing"Exhibit A" with "Exhibit A-1", attached to this Amendment to Agreement and made a part hereof-'for all purposes. 2. The Original Agreement shall be amended by replacing"Exhibit B" with "Exhibit B-1", attached to this Amendment to Agreement and made a part hereof for all purposes. 3. Except as expressly modified or amended herein, all terms and provisions of the Original Agreement shall be and remain in full force and effect as therein written. IN WITNESS HEREOF, the parties have executed this Agreement as of this 24th day of Septernhe,• 2019. CITY OF LUBBOCK: LEDA: DANIEL M. POPE, Mayor John Os rne, Chief Executive Officer ATTEST: Reecc Garza, City S cretai APPROVED AS TO CONTENT: C*qt� Cheryl Brock, Director of Financial Planning& Analysis APPROVED AS TO FORM: Amy L.1%ms, Deputy City Attorney EXHIBIT A-1 - .--_--— ----- - -----._' -r--s �- m_yn. _ • �( H ZW CC rw Rl I a I 4 t 1 t r ti x; . EXHIBIT A-1 PARKHILLSMITH&COOPER D LUBBOCK BUSINESS PARK - NORTH KING AVENUE LUBBOCK BUSINESS PARK PSC PROJECT NO. 01.2301.18 November 20, 2018 2:00 PM LONE STAR DIRT AND OPC PAVING,LTD BASE BID Unit Unit Item No. Description Quantity Unit Price Amount Price Amount 1 Mobilization 1 LS $25,000.00 S25,00.00 $55,000,00 $55,000.00 2 ADA Ramp Removal 2 EA $500.00 $1,000.00 51,500.00 $3,000.00 3 Curb and Gutter Removal 261 LF $20.00 $5,220.00 $10.00 $2,610.00 4 Excavation(Roadway) 3,650 CY $5.00 S18,250.00 525.00 $91,250.00 5 Excavation(Channel) 1,610 CY $5.00 $8,050.00 $15.00 $24,150.00 6 Contnuousl-Reinforced Concrete Pavement(CRCP) 3,415 SY $93.00 $317,595.00 570.00 $239,050.00 7 Concrete Curb and Gutter 1,541 LF $18.00 S27,738.00 520.00 $30,820.00 8 Concrete Valley Gutter 19.10 SY $89.00 $1,699.90 S75.01) $1,432.50 9 Concrete Brick Pavers 14.30 SY $300.00 $4,290.00 S90.00 $1,287.00 10 Rock Rip Rap 26.75 CY $49.00 $1,310.75 $150.00 $4.012.50 11 Concrete Cradle 6 CY $200.00 $1,200.00 $400.01) $2.400.00 12 Accessible Curb Rarnp 2 EA 51,200.00 $2,400.00 $1,500.00 $3.000.00 13 Seeding 2,566 SY $6.00 $15,396.00 $2.00 $5,132.00 14 lBardcades and Traffic Control 6 MO $2,500.00 $15,000.00 $3,000.00 518.000.00 15 Stormwater Pollution Prevention Plan SWPPP 1 LS $4,500.00 $4.500.001 $7,500.00 $7,500.00 16 Roadway 111uminationAssemblies 1 EA $4,455.00 $4,455.00 $5,500.00 $5,500.00 17 Conduit 730 LF $4.90 $3,577.00 $4.00 $2,920.00 18 Electrical Conductor(No.6)(Bare) 730 LF $0.90 5657.00 $1.50 $1,095.00 19 Electrical Conductor(No.6)(Insulated) 1,460 LF $2.00 $2,920.00 $1.75 $2,555.00 20 Ground Box Ty C 2 EA $900.00 $1,800.00 S450.00 S900.00 21 Electrical Service 1 EA $6,000.00 $6,000.00 $5,000.00 $5.000.00 22 Small Sign Assemblies 2 EA $1,200.00 $2,400.00 $750.00 $1,500.00 23 Heavy Polyethylene Warning Tae 320 LF $2.75 $580.00 $0.50 $160.00 24 10-inch PVC(SDR 26)Sewer Line 320 LF $77.00 S24,640.00 5200.00 $64,D00.00 25 Trench Safety 320 LF $5.50 $1,760.00 510.00 $3.200.00 26 Manholes Including Drop Manhole) 3 EA $6,050.00 S18,150.00 $7,500.00 $22.500.00 27 Extra Verticle Feet of Manhole 25 VF $220.00 $5,500.00 S475.00 $11.875.00 28 Sewer Service Tee with Extension 1 LS $770.00 $770.00 S750.01) $750.00 29 jTe to Existing Sewer Line 1 LS 51,650.00 $1,650.00 $1,500.00 $1,500.00 TOTAL BASE BID 1$523,808.65 $612,D99.00 ADDITIVE ALTERNATE 1 Dense-Graded HMA(Ty D)(PG64-28) 355.50 TON $145.00551,547.50 S175.05 $62.212.50 2 Prime Coat MC-30 790 1 GAL $5.95 1 $4.700.501 $5.00 $3.950.00 TOTAL ADDITIVE ALTERNATE 1 $56,248.00 S66,162.50 TOTAL BASE BID AND ADDITIVE ALTERNATE 1$580,056.65 5678,261.50 EXHIBIT B-1 Lubbock Business Park TIF Appropriation Summary Unappropriated Planning Years Appropriation Total to Date FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 Appropriation 92563 North King Street Project 680,000 0 tl 0 0 0 0 680,000 Total Lubbock Business Park TIF 680,000 0 it 0 0 0 0 680,000 EXHIBIT B-1 Lubbock Business Park TIF _ _ Funding Summary Unappropriated Planning Years Funding to Tom Date FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 202{-25 Appropriation FY 2018 Lubbock Business Park TIF Cash 630,000 0 0 0 0 0 0 680,000 Total Lubbock Business Park TIF 680,000 0 0 0 0 0 0 680,000 EXHIBIT B-1 Project Name.- North King Street Project Project Number: 92563 Managing Department: Lubbock Economic Development Alliance Project Manager. John Osborne Project Classification: Road Construction Project Status: Approved ' Start Date: 9/1/2018 End Date: 9/30/2020 Project Scope: Construction of a City of Lubbock standard"Industrial"street at approximately the mid-point between North Ivory Ave and North Nutmeg Avenue within the Lubbock Business Park. The proposed street would extend from Lubbock Business Park Blvd.,south approximately 600 feet. The new street is proposed to be 42R wide from face of curb to race of curb,accommodating one lane of traffic in each direction and accommodating width for a central turn lane. Project Justification: Development at the Lubbock Business Park continues to increase. Adding paving and street lights along the west side of Lot 22 will allow better access and road conditions for a prospective tenant on that piece of property. Project History: $500,000 was appropriated in FY 2017-18 Budget Amendment No.22,Ord.No.2018-00092,August 23,2018. $180,000 was appropriated in FY 2018-19 Budget Amendment No.21,Ord.No.2019-00092,August 13,2019 Unappropriated Planning Years Appropriation to FY 2019-20 FY 2020.21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024.25 Total Appropriation Detail Date Appropriation Construction 680,000 0 0 0 0 0 0 680,000 Total Project Appropriation 680,000 0 0 0 0 0 0 680,000 Unappropriated Planning Years Funding to FY 2019.20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 Total Funding Detail Date Funding Lubbock Business Park TIF Cash 680,000 0 0 0 0 0 0 680,000 Total Funding Sources 680,000 0 0 0 0 0 0 650,000 Unnppropriatcd Planning Years FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 Tuta1 Operating Budget Impact Funding No Impact Anticipated 0 0 0 0 0 0 0 Total Operating Budget Impact 0 0 0 0 0 0 0