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R-11-05-12-12C1 - 5/12/2011RESOLUTION NO. R -11-05-12-12C1 WHEREAS, on January 20, 1999, the City of Round Rock ("City") and Ryan Sanders Ryan, Inc. ("RSR") entered into that one certain Convention Center Complex Lease Agreement ("Lease") which was thereafter assigned on March 29, 1999 to Round Rock Baseball Club, Inc. ("RRBI"), and WHEREAS, Article V, Section 5.12, of the Lease sets forth the procedures and process for the approval of Capital Repair Work and Capital Improvement Work and require that such be approved by the City Council, and WHEREAS, on January 13, 2011, the City Council approved Capital Repair Work and Capital Improvement Work and expenditure of funds for the Convention Center Complex, and WHEREAS, the RRBI has submitted a letter requesting the expenditure of additional funds for Capital Repair Work and Capital Improvement Work, attached hereto as Exhibit "A", Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That Amendment No. 1 to the proposed Capital Repair Work and Capital Improvement Work and expenditure of funds for the Convention Center Complex, as set forth in Exhibit "B", attached hereto and incorporated herein for all purposes, are hereby approved. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 12th day of May, 2011. _ m 4,----- ALAN MCGRAW, Mayor ATTEST: City of Round Rock, Texas 4244,t1, --(,lam' SARA L. WHITE, City Secretary O:\wdox\SCC1nts\0112\ 1104\MUNICIPAL\00220942.DOC/rmc April 13, 2011 Cheryl Delaney Finance Director City of Round Rock TX Dear Cheryl, Please accept this letter as our request for City approval to access the remaining funds in Capital Repair Fund #593 and Capital Improvement Fund #595. Attached please find supporting information for our request. On January 13, 2011 the City Council approved the use of available funds from both accounts for numerous upgrades and repairs at Dell Diamond in preparation of the 2011 season. After the approval of those budgets, several factors contributed to unexpected additional expenses due to market pricing and the re-engineering of the stadium storage facility to accommodate drainage issues. Additionally, we undertook a number of smaller repair projects that we are seeking reimbursement for under the guidelines set forth in the formation of the repair account. This off-season was exciting for a number of reasons, not the least of which was the results realized in the projects we discussed in the January 13th Council meeting. In an effort to further enhance the facility, Ryan -Sanders Baseball will incur an estimated $150,000 to $200,000 of other expenses to increase the fan experience at Express baseball games and to refresh the overall appearance of the ballpark. We thank you for your consideration and are available to answer any questions you may need help with. Respectfully, George King Executive Vice President & General Manager 1 EXHIBIT "A" Proposed Capital Expenditures for Convention Center Complex FY 2011 Revision #1 Capital Repair Items Revised Estimated Cost Estimates Variance Ticket Window Suite Repairs Labor Costs Contingency Weather Tex -Concrete Sealing Concrete Repairs Underpinnning Concrete Repairs Way -finding Signage Replacement TOTAL CAPTIAL REPAIRS $ 11,800 $ 169,170 25,000 20,000 13,400 197,600 25,000 15,190 7,425 34,910 $ (1,600) (28,430) 20,000 (15,190) (7,425) (34,910) $ 225,970 $ 293,525 $ (67,555) Capital Improvement Items Revised Estimated Cost Estimates Variance Suite Improvements Batting Cage Enclosure Centerfield Storage Building Perimeter Fencing and Lighting TOTAL CAPITAL IMPROVEMENTS $ 139,740 $ 56,000 150,000 40,000 139,740 $ 56,000 172,000 47,500 22,000 7,500 $ 385,740 $ 415,240 $ (29,500) 1 EXHIBIT ..B ., ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY City Council Agenda Summary Sheet Agenda Item No. 12C1. Agenda Caption: Consider a resolution approving Amendment No. 1 to the budget and authorizing the expenditure of funds for capital repair work and capital improvement work at the Convention Center Complex (Dell Diamond). Meeting Date: May 12, 2011 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: As stated in the Convention Center Complex Lease Agreement, the Lessee (Round Rock Baseball) must provide the City a proposed schedule and budget for Capital Repair Work and Capital Improvements to be performed at the Complex. The City, as owner of the Complex, must pay for the applicable repairs and improvements from Hotel Occupancy Taxes set aside in a Capital Repair Work Account; this is the first amendment to that budget. The original budget was presented to Council in January 2011 which included repairs and remodeling to the facility. After receiving bids on the items presented, additional funds are needed to complete the improvements, as well as, provide funds for way -finding signage and some further repairs. This amendment will provide added funds for those improvements. The funding for the Capital Repair and Improvement accounts were established in Convention Center Lease Agreement dated January 1999. The City is required to maintain these accounts to help maintain/upgrade the facility. The Capital Improvement Program account funds are to be used for new improvements or upgrades to the facility. The Capital Repair Work account is used for repairs or maintenance. Funds are allocated based on facility needs. Strategic Plan Relevance: 8.0 Maintain and enhance public confidence, satisfaction and trust in City government. 20.0 Build and maintain the facilities needed to make the City attractive to target businesses. $293,525 for Capital Repair Cost: $415,240 for Capital Improvement Source of Funds: Hotel Occupancy Tax Fund Date of Public Hearing (if required): N/A Recommended Action: Approval