HomeMy WebLinkAboutResolution - 2008-R0334 - Acceptance To Downtown Redevelopment Commission Recommendations - 08/29/2008Resolution No. 2008-RO334
August 28, 2008
Item No. 6.7
RESOLUTION
WHEREAS, the citizens and leaders of Lubbock invested in a new vision for
downtown and identified the need to revitalize downtown Lubbock and map out a
strategy for expanding its presence as the regional hub of commerce, entertainment,
culture and government in the Downtown Revitalization Action Plan which has been
adopted by the City Council of the City of Lubbock; and
WHEREAS, the City issued a Request for Qualifications and Preliminary
Proposals (RFQ) to identify an experienced and qualified developer with the proven
skills, resources, and the commitment to successfully redevelop, market and manage an
urban redevelopment area; and
WHEREAS, Delbert McDougal, on behalf of McDougal Companies, responded
to the RFQ with a team that included Humphreys & Partners, Architects, L.P., Parkhill,
Smith and Cooper, and Garfield Traub Development; and
WHEREAS, the McDougal Companies have developed and built more than $500
million in commercial and residential property including the $200+ million Overton
Park area in Lubbock; and
WHEREAS, the McDougal Companies is currently the Master developer for the
City of Irving's Downtown Redevelopment Project and has been hired to study areas
for redevelopment in the City of Farmer's Branch; and
WHEREAS, both the Downtown Redevelopment Commission and the Board of
Directors of the Central Business District Tax Increment Reinvestment Zone have
recommended that the City contract with McDougal Companies to serve as the Master
Developer Consultant to oversee and implement the Downtown Revitalization Action
Plan; and
WHEREAS, the City Council of the City of Lubbock finds that the McDougal
Companies possesses the qualifications, knowledge and experience necessary to
successfully redevelop, market and manage the urban redevelopment area of Downtown
Lubbock; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock hereby accepts the
recommendations of the Downtown Redevelopment Commission and the Board of
Directors of the Central Business District Tax Increment Reinvestment Zone that the
City enter into an agreement with McDougal Land Companies, L.C. to provide services
as a Master Developer/Consultant to oversee and implement the Downtown
Revitalization Action Plan and instructs staff to begin negotiations for such an
agreement.
Passed by the City Council this 28th day of August , 2008.
1;1_� 1144 -
TOM MARTIN, MAYOR
ATTEST:
City Secretary
APPROVED AS TO CONTENT:
Rob Allis , Assis bit anager
Development Services
APPROVED AS TO FORM:
Linda L. Chamales,
Economic Development Attorney
Lc: CityAtt/Linda/Res-Downtown Master Developer
August 19, 2008