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Home My WebLink AboutResolution - 2024-R0156 - CRGP Permittable, Wooldridge Properties, LLC, 1526 East 19Th Street - 04/09/2024Resolution No. 2024-R0156 Item No. 6.16 April 9, 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 �ouncil 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 RESOLVEll 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 thc City Council on A rn il 9, 2�?_4 TRAY PAYN , AYOR APPROVED AS TO CONTENT: Brianna Brown, Business Development Director APPitOVEll AS TO FOItM: elli Leisure, Senior Assistant City Attorney ccdocs/RGS. Market Lubbock CRG Facade Expenditure - Woodbcrry Inv. 2 3.28.24 Resolution No. 2024-R0156 RE 24-20 RESOLUTION APPROVIl�iG WOODBERRY INVESTMENTS, LLC AT 2619 34TH STREET COMMERCIAL REVITALIZATION GRANT PROGRAM FA�ADE 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 27, 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 Woodberry Inveshnents, LLC, that is renovating its property at 2619 34'h 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 fnancial 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, exterior paint and window re-glazing totaling $17,825. 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 Woodberry Investments, LLC a Commercial Revitalization Grant Program Fa�ade Grant for $8,913 at 2619 34h 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. Blake Womble, 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, 2619 34°i 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. l.�*^",�, John Osborne, President & CEO � l�i�S��d v Linda Davis, Secretary MARKET LUBBOCK, INC. COMMERCIAL REVITALIZATION GRANT PROGRAM � 2619 34t" St. (Woodberry Investments, LLC) TOTAL FAC�ADE SCOPE OF WORK =$17,825 FA�ADE GRANT = $8,913 � � + � - f � ` A �. _ . .... . .. _._ __ . . . _ . . . . , , � .3,; � . r-. , . .-•- .... .__ �._..w... _. - ---_.w . M A R K E T 1 1 I'�, 1 1 r� Commercial Revitalization Grant Program Presented to MLI Board March 27, 2024 Project 2619 34th St. (Fa�ade) Woodberry Investments, LLC, is renovating its property at 2619 34t" 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, exterior paint and window re-glazing totaling $17,825. The MLI Board is being asked to consider a Commercial Revitalization Grant Program Fa�ade Grant for Woodberry Investments, LLC totaling $8,913 at 2619 34th St. LUBB�CK_ Commercial Revitalization Grant - Application The information requested on this form will be used by Market Lubbock, Inc. for analysis of your project. MLI CONTACT INFORMATION Jorge Quirino - Special Projects Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Phone: 806.23.8241 Email: iorQe(a�marketlubbock.orq Date Initial Application Submitted (Due prior to start of construction or permits assigned) 01/15/24 Projected Project Start Date 02/01/24 Project Property Address 2619 34th St Property LCAD R# R122038 GENERAL INFORMATION ABOUT THE COMPAN Company Name Woodber Investments, LLC Street Address 2619 34th St #2 City, State, Zip Lubbock, Tx 79410 Name Chase Marber Title Owner Phone Number 806-773-7050 Email chase(a�house INFORMATION ABOUT THE PROJECT Property Ownership: Own Q Grant Type (May choose both if applicable): Permittable ❑ Lease ❑ Owner Approved ❑ Fa�ade � Detailed Project Summary (including projected start date) and Description of Work: Repaint front exterior of building and reglaze windows. Parking lot repair. Planned start date of February 1, 2024. COMPANY BACKGROUND List any person or entity that has at least 5% ownership in the Applicant Company: � 1 Name Percent MLI Name Pe►'T�i.23 Chase Marberry 100% Final bids will be used to calcu/ate the project cost and grant amount. � i � � ��' • � �� Q'�- _ - ---- -- - �� - � � � ��rk t4 b� P��rnr��d. � � �� 5�1�.4 ��t� �t��t ��ahk�� %x�5 ��.4 ��o�� -�� www+nr,f��r�4c.c��rrf ��Qg� CF$��I'� �-,�'�� ■ r ' R� �� )_� + ��: � - r� �~,� � � w� �� • � r� �� r� ��t��r � ��t �u� �p�� ' � Daley's Superior Asphalf Manufacturing, Inc. p: (g06) 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: March 21, 2024 ATTN: Chase Marberry PHONE: 806-773-7050 EMAIL: chase@housechaser.com PROJECT LOCATION: 2619 34th Street, Lubbock Texas 79410 INVOICE DETAILS • Clean and prepare area to begin • Apply tack coat • Overcap parking lot with Type D hot mix • Stri pe • Complete cleanup of project site INVOICE TOTAL: $15,000.00 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 1 _ . , { 1 _i '�• � � � . �'_.{ r +. �id .+.^7��l. �. .�7�r� ' _ , � !' � . . ,� . r- w .. _ r�� .... : a� _ �:- _ `� i - � -� -- _ ��' : a: "u�. � �• � � � - �-: — - — - - - _ -- ._ �.... �._... ..:'L3. --- - '�*�' '�-• - .. ,. . .r�+ � -- t - _.. . . : .' . _. -e. = ._ �-. _ ...' - �..� , . , " �- _- � _ - �� -- � ... r='-.. 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