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Home My WebLink AboutResolution - 2019-R0418 - Market Lubbock Expenditure - Facade Grant, Mccourt Place - 11/19/2019 Resolution No. 2019-RO418 Item No. 6.19 November 19,2019 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 Fagade 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 McCourt Place, L.C., is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on November 19, 2019 DANIEL M. POPE, MAYOR ATTEST: —DO41JA, - JV Rebe a aria, City Secret ry APPROVED AS TO CONM4�, Br Gerardi, Busines Develo ment Director APPROVED AS TO FORM: Ke li Leisure;Assistant City Attorney ccdocs/RES.Market Lubbock D'1'Expenditure-McCourt Place-Facade 10.30.19 MARKET LUBBOCK, INC. - DOWNTOWN GRANT PROGRAM 1001 Main St. (Mike McDougal — McCourt Place, L.C.) TOTAL SCOPE OF WORK = $20,160 FACADE GRANT = $10,080 M A R K E T LUBBOCK- Downtown Grant Program Presented to MLI Board October 23, 2019 Project 1001 Main St. (Facade) Mike McDougal,with McCourt Place, L.C., is renovating the exterior of the building at 1001 Main St., located within the Downtown TIF. The scope of work will include replacing the concrete of the existing sidewalks and adding brick pavers totaling$20,160 in expenses. The MLI Board is being asked to consider a Downtown Facade Grant for McCourt Place, L.C.,totaling $10,080 at 1001 Main St. M A R K E T LUBBOCK. 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-Special Projects Phone: 806.749.4500 Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Email: jorge(D.marketlubbock.org *Applications must be received by MLI prior to pulling a City permit or starting construction *Scope of work must be approved by the City of Lubbock(more detail on page 3) Project Property Address 1001 Main St., Lubbock,TX 79401 GENERAL INFORMATION ABOUT THE COMPANY Company Name McCourt Place, L.C. Street Address 4605 21 st St. City, State, Zip Lubbock, TX 79407 Federal Tax ID# # provided and documented in OneNote JQ 10.23.19 GENERAL INFORMATION ABOUT THE COMPANY CONTACT Name Mike McDougal Title Manager Phone Number 806-239-5903 Email mikemcdougalcapital.com Date Submitted 1014119 per Mike M. email to J COMPANY BACKGROUND List any person or entity that has at least 5%ownership in the Applicant Company: Name Percent Name Percent McDougal Capital 99.99% Mike McDougal 0.01% Is the firm registered with the Secretary of State's Office to do business in Texas? Yes Qr Are you in good standing with the State of Texas? Yes If you answered "No"to either of the above two questions, please explain Is the firm and/or principals delinquent on any federal, state or local tax obligations? No f. Has the company or principals of the company had prior bankruptcies or lawsuits? Yes If you answered "Yes"to either of the above two questions, please explain General business litigation. McCourt Place, LC has no pending litigation. 113119 1 MLI INFORMATION ABOUT THE PROJECT Project Name(MLI Use) 11001 Main St. Property LCAD R# JR108358, R87164, R317250 Property Ownership: Own F/I Lease ❑ Owner Approved ❑ Grant Type (Check One): Permittable ❑ Fagade 0 Detailed Project Summary and Description of Work: Replace concrete sidewalks with concrete and inlade bricks to match City of Lubbock's downtown design guidelines. Project's NAICS Code (North American Industry Classification System) 1531120 NAICS Description Lessors of Nonresidential Buildings City Permit Total Amount (if applicable) Summary of Itemized Expenses: Projected MLI Approved Reimbursement (MLI USE) Concrete $16,000 $8,000 Brick $4,160 $2,080 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $o $0 $0 $0 0 TOTALI $20,160 1 $10,080 Final bids will be used to calculate the project cost and grant amount. 113119 2 MLI Scope of work must be approved by the City of Lubbock The link below includes the City documents used to determine compliance: https://ci.lubbock.tx.us/departments/planning/design-guidelines The property owner or leasee is responsible for communicating directly with the City of Lubbock to determine if any aspects of the scope of work require permits or public improvements. Public Improvements may be required if the project meets all four of the following criteria: 1)_ocated within the CBD TIF area; 2yaluation of$100,000 or more; 3)3cope of work affects the fagade/exterior of the building and surrounding area 4)4 building permit is required. CITY CONTACT Director of Business Development Office 806.775.3082 DOCUMENTS REQUIRED FROM THE APPLICANT At the time of application: Application (must be received prior to construction started or permits pulled) Written City Approval of: Permit Needs Public Improvement Needs Detailed/Itemized 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(Permit) City Written Verification of Guideline Compliance(Non-Permit) Proof of Payment: PAID Invoices Processed Checks, Bank or Credit Card Statements matching PAID invoices Applicant Signature: Date: 1/3/19 3 MLI 314 $'SOLD TO SHIPTO !ODRESS ADDRESS STATE,ZIP — ----- —_ —__-- --- -- CITY,STATE,ZIP TOMER ORDER NO. TSOLD BY I TERMS F.O.B. GATT i - ERED SHIPPED DESCRIPTION PP,ICE UKITAMU T 1 ------ ---- � 24973 s- i l cocig r�'L�cr I ori Slb w,q�jcs � 1 I a AE►+r" __ artH:��u•ys. 'trr�r+suoi+s— MTALAMOIR[7 s...ter....., o.., RE 19-69 RESOLUTION APPROVING FAr�,ADE GRANT FOR MCCOURT PLACE, L. C. MIKE MCDOUGAL,MANAGER 1001 MAIN STREET 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, October 23, 2019, 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 McCourt Place, L.C., Mike McDougal, Manager, at 1001 Main Street, Lubbock, Texas. 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 McCourt Place, L. C., Mike McDougal, Manager, located at 1001 Main Street, Lubbock Texas, a Fagade Grant in the amount of$10,080. The scope of work includes replacing the concrete of the existing sidewalks and adding brick pavers totaling $20,160 in (facade) expenses WHEREAS, The Board of Directors of MLI finds that an Economic Development Grant and Contract offering the incentive for providing assistance to updating the exterior of the building 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. Calvin Davis, and Seconded by director, Mr. Matt Bumstead, it was approved, IT WAS RESOLVED that MLI offer and,if accepted by Recipient,enter into an Economic Grant and Contract with McCourt Place, L.C., Mike McDougal, Manager, at 1001 Main Street, Lubbock,Texas. This Economic Development Grant and Contact will be on the normal terms and conditions of such Downtown (Facade) Grant Program and Contract offered by MLI to existing businesses and business prospects and authorize the CEO to enter into and negotiate Performance Agreement. John Osborne, President &CEO Linda Davis, Secretary