HomeMy WebLinkAboutResolution - 2024-R0133 - Commercial Revitalization Grant Prog. Façade, Woodberry Investments,3532 34Th St - 03/26/2024Resolution No. 2024-R0133
Item No. 5.20
March 26, 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 Woodberry Investments, LLC, is hereby approved pursuant to
Section 5 of the Amended and Restated Bylaws of the Corporation.
Passed by the City Council on March 26, 2024
ATTEST:
Cou ney Paz, City Secre ary~
APPROVED AS TO CONTENT:
Brianna Brown, Business Development Director
APPROVED AS TO FORM:
elli Leisure, Senior Assistant City Attorney
ccdocs/RES. Market Lubbock CRG Facade Expenditure — Woodberry Inv.
2.28.24
Resolution No. 2024-R0133 RE 24-16
RESOLUTION APPROVING
WOODBERRY 1NVESTMENTS, LLC AT 3532 34T" STREET
COMMERCIAL REVITALIZATION GRANT PROGRAM 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, February 28, 2024, held in conformity with the
bylaws, after due notice as therein provided, a quorum being present and acting, the fo(lowing resolution was unanimously
adopted:
WHEREAS, MLI presented to members of the Board the proposal of a possible Economic Development Grant and Contract
to Woodberry Investments, LLC, that is renovating its properiy at 3532 34�' Street, which is located in the Lubbock
Neighborhood Empowerment Zone as designated by the City of Lubbock. Woodberry Investments, LLC owner, Chase
Marberry, started his career in real estate before he even graduated from high-school, obtaining his real estate license 2 weeks
after he turned 18. He bought his first investment property at just 19 years old and became a landlord and property manager at
20. He eats, sleeps and breathes real-estate and is passionate for helping others discover financial freedom through investing
in it. Now as a husband and father Chase values his time more than ever and has successfully built a company that involves
and revolves around his family. Building passive income and generational wealth is more than a job; it's a lifestyle.
The scope of the facade work includes an updated parking lot totaling $30,000 in expenses.
The terms and conditions of such Economic Development Grant and Contract, other than the normal terrns and conditions
applicable to all such Economic Development Grant and Contracts by the Corporation, are described generally as follows, to wit:
Grant Woodberry Investments, LLC a Commercial Revitalization Grant Program Fa�ade Grant for $15,000 at 3532 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,
IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with
Woodberry Investments, LLC, owner Chase Marberry, 3532 34'� Street, Lubbock, Texas. This 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.
�
John Osborne, President & CEO
• 16i� V��-
Linda Davis, Secretary
MARKET LUBBOCK, INC.
COMMERCIAL REVITALIZATION GRANT PROGRAM
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3532 34t" St.
(Woodberry Investments, LLC)
TOTAL FAC�ADE SCOPE OF WORK =$30,000
FAC�ADE GRANT = $15,000
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Commercial Revitalization Grant Program
Presented to MLI Board
February 28, 2024
Project 3532 34th St. (Fa�ade)
Woodberry Investments, LLC, is renovating its property at 3532 34th St., located within a Lubbock
Neighborhood Empowerment Zone as designated by the City of Lubbock.
Woodberry Investments, LLC owner, Chase Marberry, started his career in real estate before he even
graduated from high-school, obtaining his real estate license 2 weeks after he turned 18. He bought his
first investment property at just 19 years old and became a landlord and property manager at 20. He eats,
sleeps and breathes real-estate and is passionate for helping others discover financial freedom through
investing in it. Now as a husband and father Chase values his time more than ever and has successfully
built a company that involves and revolves around his family. Building passive income and generational
wealth is more than a job; it's a lifestyle.
The scope of fa�ade work includes an updated parking lot totaling $30,000.
The MLI Board is being asked to consider a Commercial Revitalization Grant Program Fa�ade Grant for
Woodberry Investments, LLC totaling $15,000 at 3532 34th 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: jorg�marketlubbock.org
Date Initial Application Submitted (Due prior to start of construction or permits assigned) 02/23/24
Projected Project Start Date 04/01/24
Project Property Address 3532 34th St
Property LCAD R# R138039
Company Name
Street Address
City, State, Zip
Name
Title
Phone Number
Email
Woodberry Investrr
2619 34th #2
Lubbock. Tx 79410
Chase Marbei
Owner
806-773-7050
LLC
INFORMATION ABOUT THE PROJECT
Property Ownership: Own �
Grant Type (May choose both if applicable): Permittable ❑
Detailed Project Summary (including projected start date) and
Add an asphalt cap to the parking lot to improve the parking.
of
Final
bids
a
used to
TOTAL� $30,000
ct cost and grant amount.
Lease ❑
Owner Approved ❑
Fa�ade 0
of Work:
MLI
d Reimbursement
15,000
i MLI 5.23.23
COMPANY BACKGROUND
List any person or entity that has at least 5% ownership in the Applicant Company:
Name Percent Name Percent
Chase Marberry 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 you answered "Yes" to either of the above two questions, please 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:
0 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?
0 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
• Fa�ade 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): Chase Marberry
Date: 2/23/24 per email
MLI 5.23.23
o�rey�s
Superior Asphalt
Manufacturing, Inc. p: (806) 744-2592 / F:(806) 702-8981
Serving the Texas Panhandle, Permian Basin
And Eastern New Mexico
Office and Plant 420 E. Lehigh St. Lubbock, Texas 79403
BID DATE: February 21, 2024
ATTN: Chase Marberry
PHONE: 806-773-7050
EMAIL: chaseC�housechaser.com
PR07ECT LOCATION: 3532 34th Street, Lubbock Texas 79410
INVOICE DETAILS
• Clean and prepare area to begin
• Apply tack coat
• Overcap parking lot with Type D hot mix
Stripe
Complete cleanup of project site
BID TOTAL: $30,000.00
Daley's Superior Asphalt Paving Inc thanks you for your business. Should you have
questions please feel free to contact your sales rep Sean.
Sincerely,
Sean Daley
806-407-4766
3532 34t" St. - Before Pictures
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