The URL can be used to link to this page

Home My WebLink AboutResolution - 2020-R0228 - Downtown Permittable Grant, Metro Towers Housing Partners, LPResolution No. 2020-RO228 Item No. 7.4 July 28, 2020 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 Permittable 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 Metro Towers Housing Partners, LP, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on July 28, 2020 DANIEL M. POPE, MAYOR FrWY*1IF. . 'a&-j . ) - Reb ca Garza, City Secret APPROVED AS TO CO Brianna Gerardi, Business fveloiment Director APPROVED AS TO FORM: Ili Leisure, Assistant City Attorney ccdocs/RFS Market Lubbock DT Expenditure .. Metro Towers Downtown Permutable Grant Program 07.06.20 Resolution No. 2020-RO228 RE 20-28 RESOLUTION APPROVING METRO TOWER HOUSING PARTNERS, LP AT 1220 BROADWAY DOWNTOWN FACADE & PERMITTABLE 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, June 24, 2020, 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 Metro Housing Partners, LP, who are renovating the NTS building at 1220 Broadway, located within the Downtown TIF. This project is an adaptive reuse of the existing 20-story NTS office tower in downtown Lubbock to a mixed -use building of commercial, residential and hotel. The current owner, NTS, will continue to keep its offices on the tad and 31d floors of the building and will lease the space from the Limited Partnerhsip. Floors 4 though 18 will be developed as apartments along with a portion of the 11" floor for common amenity space. Units proposed on floors 4 through 8 will be efficiencies, with one -and two -bedroom units, with 75 of the 89 units reserved for households with income at or below 601/o of the Median Income with 15 units being at market rate apartments. The top 2 floors will be converted to a pocket hotel. To retain the historic integrity and quality for historic tax credits, no new walls may intersect with the window glazing. The scope of facade work for this project includes new fencing and signage totaling $55,600 in facade expenses. The permittable work includes demolition work on all 20 floors and the renovation of each floor totaling $14,651,825 in permittable expenses for a total of $14,707,425. 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 for Metro Housing Partners, LP , a Downtown Facade Grant for Metro Tower Housing Partners, LP totaling $25,000 and a Downtown Permittable Grant totaling $100,000 at 1220 Broadway, which is Iocated within the Downtown TIF, 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 to renovate their facility, 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, Ms. SuzAnn Kirby, IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with Metro Tower Housing Partners, LP. for the improvements for the NTS building at 1220 Broadway, Lubbock, Texas. This Economic Development Grant and Contract will be on the normal terms and conditions of such Downtown 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 Linda Davis, Secretary MARKET LUBBOCK, INC. — DOWNTOWN GRANT PROGRAM 1220 Broadway (Metro Tower Housing Partners, LP) TOTAL COMBINED SCOPE OF WORK = $14,707,425 COMBINED GRANT = $125,000 TOTAL FACADE SCOPE OF WORK = $55,600 FAI,ADE GRANT = $25,000 TOTAL PERMITTABLE SCOPE OF WORK = $14,661,825 PERMITTABLE GRANT = $100,000 M A R K E T LUBBOCK. Downtown Grant Program Presented to ML! Board June 24, 2020 Project 1220 Broadway (Fa;ade and Permittable) Metro Tower Housing Partners, LP is renovating the NTS building at 1220 Broadway and located within the Downtown TIF. This project is an adaptive reuse of the existing 20story NTS office tower in downtown Lubbock to a mixed -use building of commercial, residential, and hotel. The current owner, NTS, will continue to keep its offices in floors 2 through 3 of the building and will lease the space from the Limited Partnership. Floors 4 through 18 will be developed as apartments along with a portion of the first floor for common amenity space. Units proposed in floors 4 through 18 will be efficiencies, one and two bedroom units. Seventy-five of the 89 units are reserved for households with income at or below 60% of the Median Income. Fifteen will be market rate apartments. The top two floors will be a pocket hotel. To retain the historic integrity and qualify for historic tax credits no new walls may intersect with the window glazing. This creative solution by the architects is an open floor plan with open efficiency floor plans. The scope of fagade work includes new fencing and signage totaling $55,600 in fagade expenses. The scope of permittable work includes demolition work on all 20 doors and the renovation of each floor totaling $14,651.825 in permittable expenses for a total expense of$14,707,425. The MLI Board is being asked to consider a Downtown Fagade Grant for Metro Tower Housing Partners, LP totaling $25,000 and a Downtown Permittable Grant totaling $100,000 at 1220 Broadway, LUBB(*%fJ'K. Downtown Grant -Application The information requested on this form will be used by Market Lubbock, Inc. for analysis ofyourproject. MU CONTAGI INFORMATION Jorge Duirino - Special Projects Market Lubbock, Inc. 1500 Broadway, Sixth Floor, Lubbock, TX 79401 Phone B06,749,4500 Email- lone Mmarketiubbock.ora '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 11220 Broadway Lubbock, TX 79401 GE-N-ERALINFORMATION ABOUTTHECOMPANY Company Name Metro Tower Housing -Partners, LP Street Address 10777Barkley Street, Suite 140 City, State, Zip Overland Park, KS 66211 Federal Tax ID 9 Included in Original 11.8.19 application and transferred to OneNote on 10,17.19 JO GENERAL INFORMATION ABOUT THE COMPANY CONTACT Name Title Phone Number Email Date Submitted Jacob Mooney Manager 913 638-2500 lmooney2mrecaphal.com 10/11/19 COMPANYBACKGROUND List any person or entity that has at least 5°% ownership in the Applicant Company: Mama Parran4 MOM& 0---..§ JCM Ventures, LLC 700A Jacob Moon! 100% Diva Imaging LLC 30°% Sallie Burchett 100% sailie@structuretexas.com 512.473.2527 Is the firm registered with the Secretary of States. Office to do business in Texas? Yes pr 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 % Has the company or principals of the company had prior bankruptcies or lawsuits? No If ou answered "Yes" to either of the above two questions, Qlease explain 1 MLI 113/19 INFORMATION ABOUT_THE PROJECT Project Name (MLI Use) Property LCAD R# Property Ownership. Grant Type (Check One): Metro Tower Lofts R107746 f)wn estimated 12-31-19j Permittable Lease Owner Approved Fapde Detailed Project -Summary and Descri tion of Work: Metro Tower Lofts is an adaptive reuse of the existing 20 story NTS office tower in downtown Lubbock to a mixed use building of commerical, residential, and hotel. The current owner, NTS, will continue to keep its offices in floors 2 through 3 of the buildling and will lease the space from the Limited Partnership. Floors 4 through 18 will be developed as apartments along with a portion of the first floor for common amenity space. Units proposed in floors 4 through 18 will be efficiencies, one and two bedroom units. Seventy-five of the 89 units are reserved for households with income at or below 60% of the Median Income. Fifteen will be market rate apartments. The top two floors will be a pocket hotel. To retain the historic integrity and qualify for historic tax credits no new wails may Interesect with the window glazing. This creative solution by the architects is an open floor plan with open efficienev floor clans. Project's NAILS Code (North American Industry Classification System) 1631110 NAICS Description iLessors of Residential Buildings and Dwellings. Definition of NAICS Code 531110 TThis City Permit Total Amount (if applicable) Summary of ExpenseilSr-hedule of Va ues attached Projected MLI pprove eim ursement MLI USE Fa ade $55,600 $25,000 Permittable $14,651.825 $100.000 $0 $0 $0 $o $0 $0 $0 $0 $o $0 $0 $0 $0 $0 0 TOTAL[,4z 0 Raw Dios will be used io carcuiate the project cost and grant amount 2 MLI 113/19 Scope of work must be approved by the City of Lubbock The link below includes the City documents used to determine compliance: htt s:/I i.l b k s/de artments/ lannin 1 uidelines The property owner or leases is responsible for communicating directly with the City of Lubbock to determine N any aspects of the scope of work require permits or public Improvements. Public Improvements may be required N the project meets all four of the following criteria: 1) Lbcated within the CBD TIF area; 2) Valuation of $100,000 or more; 3) Scope of work affects the fagadelexterior of the building and surrounding area 4) a building permit is required. CITY CONTACT Director of Business Development Office 80S.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: Applicant Signature: Date: 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 MLI 113119 Lon 271 9 �,� ��u �M�� luau � IIII 11 i AP kA City of CITY of LUBBOCK EubboCk TEXAS PERMIT RECEIPT Page I of t APN: 6670000011700008000 DATE ISSUED: 02-Mgr-2020 PEIMUT: COMM-088705-2020 SCOPE: Commercial Building Alterations SITE ADDRESS: 1220 Broadway SUBDIVISION: ORIGINALTOWN LUBB( CITY: Lubbock Contact ADMIRE LP Company Easttand Properties, LP Date Fee Name Fee Notes 06-3an-2020 Advanced Building Permit Plan Review Fee (50 00) 06-Jan-2020 Comm - Aherauan-Remodeloug_ 2140.2020 Building Permit Plan Re:v,ew Fee 25%of Pcrmit Fees PARCEL OWNER: N T S MANAGEMENT CC ADDRESS: 1220 BROADWAY CITYISTATE/ZIP: LUBBOCK, TX 79401-320 Role Applicant Paid To Date $50.00 S5,377.50 SI 294.38 Billine Contact Yes - Balance Due $0.00 S0.00 $0.00 Total so.00 Payment Number Payment Date Payment TYDc Pavmcnt, Nate Transaction Tvne Rilline Contact Payment Amount TRC-110469-06-01-2020 01106/2020 Check 12518 Fee payment MIKE KLEFFNE b50 40 Fee Name CREDIT DEBIT Al1IOUNT ACCOUNT ACCOUNT PAID Advanced Building Permit Plan 1006222 1001003 $50 00 Review Fee (50 00) Payment Number Payment Date Payment Tvne —Payment Note Transaction Type Bllaipe Contact Payment Amount TRC-114862.02-03.2020 03/02/2020 Check 14030 Fee Payment ADMIRE LP $6,$71 Bg Fee Name CREDIT DEBIT AMOUNT ACCOUNT ACCOUNT PAID 139ji'ding Permit Plan Review Fee 100,6222 1001003 S1,294 38 Comm - AlterationlRemodeling 100.6222 1001003 $5.377.50 •� City of CITY OF LUBBOCK Eubma ALTERATIONS COMMERCIAL BUILDING TEXAS Monday, Mach 2, 2020 2: 29PM Page -1 of 2 Date Entered Date--� Permit Tvoe umber Project Number 02-Mar-2020 31-Aug-2020 COMM-088705-2020 Parcel PIN: 41249 Address: 1220 BROADWAY Zip: 79401 Units: 95 Subdivision: ORIGINALTOWN LUBBOCK Legal Detail: OR1G T LUBBOCK BLK 117 L 1 & 2 & 6 THRU 9 Zone Type of Construction Occupancy I -A R-2 Proposed Development 437 - COMMERCIAL ADDITIONS /ALTERATIONS MIN. FINISHED FLOOR ELEV. Not Determined PER TABLE 403.1. 7.3, 20091RC AMENDMENTS. FLOOD PLAIN? ORIG T LUBBOCK BLK 117 L 1 & 2 & 6 Tl DESCRIPTION COMMENTS COMMENTS: DESCRIPTION CORRECTIVEACTION COMMENTS RECOMMENDATION TO REQUEST INSPECTIONS CALL (806)775-3159 OR (806)77S-3174 FOR BUILDING INSPECTION AND (806)775-2589 FOR WATER UTILITIES. Revised 4th floor plan will have to be submitted to building safety for approval as per GQ - 2/2812020 Valua4ian §-guare footage C of O Required $2,390,000.00 167,739.00 YES ,.W.....M.....,-- - — ..._....�.d�..� - �6 C40 i of CITY OF LUBBOCK Uubbkk ALTERATIONS COMMERCIAL BUILDING TEIAS Monday, March 2, 2020 2:29PM Page 2 of 2 Date Entercd Date Expires 02-Mar-2020 31-Aug-2020 Professional State License: ACTIVE Professional Liccnsc: Required Inspections Fire Final Building Final Zoning Final Slab Building Framing Footing Notice/Signature Permit TvneMNimber Project Number COM14-088705-2020 1 hereby certify that the above statements are true facts concerning the construction of the building or other work for which this application ismade. I alsounderstand that the issuance ofth is permit does not relieve the permit holder from the responsibility of complyingwithallopplicableCityofl.ubbock regulations,codesand ordinancesandthat railuretocomplymaysubjectthe permit holder to criminal and/or civil liability. Issuance ofthis city permit does not insure compliance with state or federal regulations, rules or laws. I understand that it is the responsibil ityofthepermitholderorhisagentstomectappl icablestateand fedemirequirements.Thescrequirementsmay include, butarenot lim ited to, those imposedbytheAmericanswith Disabi IitiesAct, theU. S. Environmental Protection Agency,theTexas Architectural Barriers Act, the Texas Department of Licensing and Regulation, the Texas Department ofHealth and the Texas Commission of Environmental Quality This list is not all-inclusive and other federal or state requirements may be applica Customer Signature:_ Permit Issued By: 170303 CONSTRUCTION BUDGET (NRA) LhdnQ SF 81029 Common 5FIFlocr j,Qa Common SF 4Ih through 18th noon 28,630 Basement 8,325 Firsl Floor 91325 TOTAL Under Root SF DIV VSF (Gross) SISF (NRA) Coat 1 Cleaning 15,604 50 1 2 Abatement Asbestos remeffistion 376 051.69 Managernent 182 225 00 65 976.69 3 AaphaM Puking , Asphalt puking lab d, paving repair 195 614.00 Exterior street and parking lighting 105 701.18 slo0W9 10 282.50 Fences 10,521.45 Curb guitar and concrete 29,741.26 Landscape 34,683.71 s3.01 0 Sa7.23 dr 4 Demolition Rough D&ndlkm 938,507.50 Constnrebon Clean Up 46,473,00 Construction Debris Corrlalner 113.739.00 $9.32 1, 5 Concrete Sew Cut and Floor Prop 26,533.66 Stairwell hale pfop 67.316 42 Basement Floor Repair 25.651.25 Floor Patch and grind 108,343.13 Fire escape stair (oaten 6,513.72 2.93 6 Masonry MasoM Reswm&m 405,799 07 Plaster Restoratlon 54 075 00 88 7 Metals , Internal stalroW 162.225 00 Stairs hand ral 73.387.50 Hat Channel 40 448.10 Metal Framing 345 151A6 Fire escape stairs 104.287.60 Roof guard rail and ladder cage 12.553.13 • 4 11 a,062.6a 8 Rough Carpentry (Wood Backing) 20.969.75 50.23 35 29. , 9 Finish Carpentry Interior Doors 45,156,49 Interior Trim 5.407,50 Trim and Door Labor 81.398.33 1.63 iOlnwletlon 118,90500 47 i., 11 Roofing (TPO) 34,43281 0.27 ,4 12 Ooan and Hardware Unit Entry 23.606 09 stainra0 31.318 00 Remote Slorage 6 327 55 Chase and Closet 7,493.26 Other Common Area 33 603.76 5torefrent 29,52a.e1 Common Area Hardware 29.151.88 1. 1 1 . 35.33 13 V*Kkw a Refurbishment and Restaradon 270.366 29 interlor Clean and Seal 74,160 00 25 14 Suspended Ceiling 12,802.26 10 $0.16 12.802.2 15 Drywall Drywall 340.077 21 Tape lexbrre 170 680 67 9a $6 31 611,65748 16 Faor polish and Seal I16,6a6.25 31.69 S1417 216,68626 17 Carpet Carpet Tile in corridors 57,277.01 Vinyl Base 75 094.73 1.03 i . 132.371.T 18 Painting 261,436.52 3.23 261.43UZ 19 Terrazzo Restoration 6,180.00 $0.96 50.08 CROW 20 Cabinets Cabinets 166,337.78 Tops 20.495.15 Install labor 50.058.00 1.64 $2.91 236,690.93 21 ftwile 6.608.74 9 .4 22 Bathroom and Closet Aecessorlas Unit Hardware 28,976.$2 Vft Shelving 48.217 39 $0.60 $0.96 77.194.01 23 Fire Extinguishers 9.05604 $011 , 24 Appliances 273.375 54 $2.13 13.37 273,376 25 Wndow Coverings 69,270.Oa 20 F, re Alarm System Alarm 90.356 63 Access Control 59 991 55 1.24 $197 ISF.SaIr 27 Elevators 66006250 54.30 .91 50,092.110 28 Plumbing 1.14330000 $1190 514.11 1, 29 Fro Sprinkler 384 46143 30 HVAC 1 546 000 00 $1202 SM07 99 31 Electrical 1 33a 147 69 10.41 MGM 1,336, 7. 32 Special Equipment mat boxes 12.576 30 Amazon HUB 15 450.00 VNFI equipment 36715,47 Chain link foWng 30.470.50 50.80 $1.27 .G*nmmcdcn3uhWW SO.N 313553 11,314,460.60 egUirementa 3 78 Subtotal VIMA 1t 1 6%1 as Owrhud U 70 Butdees Prom $5.23 $s ss b78,6i7.04 TUM U9n9trWCWn conlingem $14.93 $2367 1,218,usiz arse 1 1. 1 14,707,43511 cm4buetion COMM $143.657 Comtruction CosVUnh W contingency) i166,26Z &DOWD PF4 Enl Ff I L I- rl. VL%lO=0*41STnwpLft,w pl, ML Gl)[ HILJ [110] aw" LEGEND z \ lu, 69 I!ZILOOK RL%O%-ATjO.%l PLJ.% 9,4 ITTH I;tdW)RNF-%(WATKWnAY 1 IIENt QVWAI OOIGIMTA / ' ila �• CCpU_+� , 1 1 • R N 1= lot ■far _... _ . _ � ..� r i�i� �+ ma� 1 • very . ./ • . r � � I IMipll r � ..S =��' � } � �f �.1 � r--a �+•'.. r• „--' s—• .f tier +'r . �'� Y F'f ! 1 1 I• 1 1 � +ww K�+wr'1w �Iwr ' w iwe'�ii � ��wil%?�'ie� iw�'•�•w a. «waver. w.f+ I,a . Mf«afRf•r v rs w +R +. frw rf w+.w,r. wf r• 1• 1 « +�� w•w. ea �ii�r�ii7.�ii u7:•*y�^w''1'S7li" +M+f FaF •y r�M�MM �I�YF veal. APW Wf%7J7n.,?.14-%- MT.,; S • rlaru/w• faa•..e MBs7aLFr 'aiiw SEEN • � : JiLif LL jrW • �f• �,�i-� � . •�:=,i�.^SS•.� -# •' 1 ir� `� •Ir � � jug wi;f -J •r'r'rJif �r'� i"'''+I f I'1 1 #* SI •1 re� j 'r•►fN-rti«ii.::.iTj�I i �� , f .f1i Y•'�� a 1,1 .�.� N { ii 1 a4�n.war.r .0 :P e - F • f kk s��i •frr.wr•i•�- fw 1 4 I k -are �1�1 �� s 1 I r.� ,..a .w�• ' e.�ii. f.e+«.ii'Z r 1 e f1Y1• �. ..y� � •I ��fi I I } I ` • lays � i �' ++ter'' �_ '�F7r�� 1 1 �1 .• f*fM — M•.•rr.ar••iNfY.f ' � I7 1 r ,. •i wr«�fw. re�a�r R ��"R very lal�nsr w.� w :., i ,ri•� 4wr t .•i r•u ��% raifah - � rue rafr 1r f lr lrwtf/R ft rw wwr vow R ql