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Home My WebLink AboutResolution - 2020-R0344 - Downtown Permittable Grant, 1013 BroadwayResolution No. 2020-RO344 Item No. 7.14 September 22, 2020 RESOLUTION WHEREAS, pursuant to Article 1V, 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 806 Development, LC, is hereby approved pursuant to Section 5 of the Amended and Restated Bylaws of the Corporation. Passed by the City Council on September 22, 2020 DANIEL M. POPE, Al AT EST: Re ecca Aarza,ity Secretary E ED AS TO CONT 'NT: erardi, Business evelo ment Director APPROVED AS TO FORM: Kell Leisure, Assistant City Attorney ccdocs/RES. Market Lubbock Downtown Permittable Grant Program 806 Dev 08.27.20 Resolution No. 2020-RO344 RE 20 52 RESOLUTION APPROVING 806 DEVELOPMENT, LC AT 1013 BROADWAY DOWNTOWN 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, August 26, 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 with 806 Development, LC, which is renovating the old Levine's building at 1013 Broadway, located in the Downtown TIF. The scope of permittable work will include replacing the roof and asbestos abatement and truss work totaling $240,551 in permittable expenses. 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 806 Development, LC, a Downtown Permittable Grant for $24,055 for the project at 1013 Broadway, which is located 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 renovations to their property, meet and comply with the qualifications and purposes of Corporation for the granting of such Economic Development Grants and Contracts. Upon Motion by Director, Mr. Calvin Davis and Seconded by Director, Dr. Matt Bumstead, IT WAS RESOLVED that MLI offer and, if accepted by Recipient, enter into an Economic Grant and Contract with 806 Development, LC, for the improvements to the building at 1013 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. O�L&�O� John Osborne, President & CEO ana Jo n, CFO/COO MARKET LUBBOCK, INC. — DOWNTOWN GRANT PROGRAM 1013 Broadway (806 Development, LC) TOTAL PERMITTABLE SCOPE OF WORK = $240,551 PERMITTABLE GRANT = $24,055 M A R K E T 111111111 :�14. ,� Downtown Grant Program Presented to MLI Board August 26, 2020 Project 1013 Broadway (Permittable) Nicholas Dragga, with 806 Development, LC, is renovating the old Levine's building at 1013 Broadway, located in the Downtown TIR The scope of permittable work will include replacing the roof and asbestos abatement and truss work totaling $240,551 in permittable expenses. The MLI Board is being asked to consider a Downtown Permittable Grant for 806 Development, LC totaling $24,055 at 1013 Broadway. 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: iorgeArnarketlubbock.orq Date Initial Application Submitted (Due prior to start of construction or permits assigned) 08/03/20 Projected Project Start Date 09/01/20 Project Property Address 11013 Broadway Property LCAD R# 1110371 Company Name 806 Development LC Street Address 4613117th Street City, State, zip Lubbock, TX 79424 GENERAL INFORMATION ABOUT THE COMPANY CONTACT Name Nicholas Dragga Title Owner Phone Number 806-786-6604 Email ndractga@gmaii.com INFORMATION ABOUT THE PROJECT Property Ownership: Own [] Grant Type (May choose both if applicable): Permittable R] Lease ❑ Owner Approved ❑ Fagade ❑ uetanea vro ect 5ummary (incluaing projected start date and Description of Work: Complete Roof Replacement: Tear off existing roof, Install Carlisle .060 TPO; Roof Truss Repair (August 1); Asbestos Abatement (August 15) Summary of Expenses (detailed bids attached) Projected MLI Approved Reimbursement Roof Replacement $118,604 $11,860 Asbestos Abatement and Truss Work $121,947 $12,195 $0 $0 $0 TOTALI $240,551 $24,055 ru.ao u-1-v mu ue umeu ru catcutate me project casr aria gran amounr. MLI 2,19.20 COMPANY BACKGROUND List any person or entity that has at least 5% ownership in the Applicant Company: Name Percent Name Percent Nicholas Dragga 100% Is the firm registered with the Secretary of State's Office to do business in Texas? Yes f Are you in good standing with the State of Texas? Yes It 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 It you answered "Yes" to either of the above two questions, please explain APPLICANT'S RESPONSIBILITIES (PROPERTY OWNER OR LEASEE) City of Lubbock requirements: Director of Business Development (Brianna Gerardi) 806-775-3082 Contact the City of Lubbock to determine the following: F) Does the scope of work meet downtown standards and guidelines? El Are permits required for any aspect of the scope of work? 0 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) 806-7494500 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 0 Copy of Current Certificate of Occupancy Detailed Construction Bids or Schedule of Values Before Picture (prior to construction beginning) 0 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 ❑ Processed Checks, Bank or Credit Card Statements matching PAID invoices 2 MLI 2.19.20 Overview • An Applicant must be a valid Owner or Tenant (Lessee) of the property needing improvements • Properties must fall within the Lubbock Downtown TIF boundaries (Central Business District TIF) • Single -Family residences are excluded. • An Applicant is eligible to receive a permittable grant and/or fagade grant per property (LCAD R# or Development Lot), per enterprise, per fiscal year. (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 Lubbock Central Appraisal District (LCAD) records • MLI disbursements are characterized as "reimbursable grants". • 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 $10,000 • The permittable grant reimburses 10% of approved expenses up to a $100,000 grant • Permittable scope of work that may be considered: • HVAC • Plumbing • Electrical • Structural • Any other work requring a City of Lubbock permit Facade 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 fagade grant reimburses 50% of approved expenses up to a $25,000 grant • Fagade scope of work that may be considered: • Painting • New windows and doors • Signage • Landscaping • Parking lots • Awnings • Any other work that improves the appearnce of the fagade Signature (not required for electronic submittals): Nicholas Dragga Date: 3 Au -20 3 MLI 2.19.20 .� . _ .. =col Nino I u W-, Q, 41N i AL —114 spa 7 - � � �_�&�= . ! � �- � ABF ROOFING & FOAM EST. 2007 702 Woodrow Rd. P.O. Box 64684 Lubbock, TX 79464 Phone: (806) 863-3626 Fax (806)863-3149 Date: April, 23 2020 TO: Jef Conn, Coldwell Banker Commercial RE: 1013 Broadway Building Lubbock, TX i5 3 S -A:. WE HEREBY PROPOSE to furnish labor and materials complete in accordance with the specifications below. • Broom gravel and remove from entire roof • Remove existing built up roof down to existing 1x6 wood deck • Loose lay crickets between scuppers • Mechanically fasten R-20 Polyiso insulation board to wood deck • Install Carlisle .060 TPO per manufacturer specifications • Install Carlisle .060mil TPO on parapet walls • Install new wood nailer at top of parapet walls as required • Install 22 gauge cleat and 24 gauge preBnished metal cave edging at north and west lower roofs • Install 22 gauge cleat and 24 gauge metal coping at all upper roof parapet walls and south wall of lower roof • Install new 24 gauge prefinished conductor heads and downspouts at all scuppers • 15 year Carlisle NDL warranty • ABF 2 year labor warranty Proposal Bid (Material Sales Tax Included) ................................................$ 118,603.94 Alternate (Mechanical Equipment remove by others) ....................................$ 116,424.88 Mechanical contractor to disconnect RTU's, ABF to haul off and install new decking In existing holes. Replace lx6 wood decking.........................................................................$7.50/LF Payments to be made as following: L Upon Completion All material is guaranteed to be as specified. All work is to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from the above specification involving extra costs will be executed only upon written orders and will become an extra charge over and above the some estimate. All agreements are contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance. Exclusions. The following items are not included in this proposal: bonds, repairs to the roof deck, all wood curbs, painting, structural, electrical, plumbing, brass plumbing components, as well as any structural components and or roof top mounted equipment including cage and non -cage ladders. Company shall not be responsible for any damage incurred due to penetrating the roof deck with fasteners, or damage to anything secured to the roof deck, joist or any other structural member which becomes loose, unsecured, or falls as a result of the roofing operations. ABF Commercial Roofing: Date: EXHIBIT A - GMP Summary TEINERT .CON STRLICTION Levine's Renovation Lubbock, Texas GMP Recap Date: 8/14/2020 Bid Date: 712812020 Bldg. Area: 6,000 sf Phase Descript[on wl part La bor Material Sub Total sub/supplier $/sqft GENERAL CONDITIONS & COST OF WORK General Conditions 10,159 10159 Teinert 1.69 Building Permit & Plan Review 1,200 1 200 City of Lubbock En ineerin Fees 3,000 3,000 Building Package Abatement & Demo 59,093 59,093 CSA 9.65 Trusses 3,155 3,155 3,155 Noltex 0.53 Truss Demo & install 25,000 25 000 1 Roo Contractors 4.17 IShoring & Bracing 2,500 2,500 1 Teinert 0.41 SUBTOTAL 3,155 0 104,207 104,107 17.35 SUBTOTAL General idabill Insurance SUBTOTAL Overhead & Profit 0.660% 7.50% 104107 667 0 104 794 7,850 9,294 Gross Receipts Tax 8.25%