Loading...
R-11-10-27-10D3 - 10/27/2011RESOLUTION NO. R -11-10-27-10D3 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, the RRBI has submitted a letter requesting the expenditure of funds for Capital Repair Work and Capital Improvement Work, attached hereto as Exhibit "A", 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, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That 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 27th day of October, 2011. 02}11/L� ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: SARA L. WHITE, City Secretary O:\wdox\SCC1nts\0112\ 1104\MUNICIPAL\00235 7I2.DOC/rmc October 17, 2011 Cheryl Delaney Finance Director City of Round Rock TX Dear Cheryl, 4 EXHIBIT • Please accept this letter as our request for City approval to access funds contained in Capital Repair Fund #593 and Capital Improvement Fund #595. As we continue to explore areas of need around the park, the focus will be on preventative maintenance, which we regularly incur as part of our tenancy, addressing repairs in many exposed areas affected by 12+ years of Texas weather and stretching every dollar to keep the ballpark relevant and fan -friendly with as many modern amenities as make sense. For capital improvements this off-season, we have identified the out -dated front marquee signage for upgrading in order to raise the profile of the facility with a digital display package that better represents the level of the attractions found inside of the park. This will also save considerable annual repair expenditures, which routinely top $10,000 for the current tri -vision components and basic one -color display. This year's request also gives overdue attention to a deteriorating roof system. Our initial request for the roof directs funds to repair the main structure over the main concourse, suites, Intel Club and the press box structure. Annual repairs in this area continue to be a matter of real concern as the original rubber roofing material separates itself from the surface of the structure around seams and structural attachments. Our repair request will provide for bidding for a monolithic roof system that combines the durability of EPDM rubber with the proven performance of hot-air weldable seams. Other items on the list include repairs and improvements mandated by Baseball to meet minimum Triple -A standards which have either recently changed or have been altered through wear and tear. Some of those items are related to player safety concerns. We've also provided for a surface replacement of the turf in the high -traffic Fun Zone area. We thank you for your consideration and are available to answer any questions you may have on these projects. Respectfully, George King Executive Vice President & General Manager Proposed Capital Expenditures for Convention Center FY 2012 Capital Repair Items Estimated Cost Funzone Turf Roof - Suite & Office Area Stadium Field Lighting UHC Blackout Screen Replacement Admin/Ticket Office Carpet Warning Track Rework Suite Floors Rework Steps/Dugout Floor Rework UHC Light Upgrades/Replacement Contingency TOTAL CAPTIAL REPAIRS $ 34,000 127,000 18,500 11,500 23,000 5,000 5,000 6,000 7,000 13,000 $ 250,000 Capital Improvement Items Estimated Cost New Marquee Rail Pads/Walls Contingency TOTAL CAPITAL IMPROVEMENTS EXHIBIT „B„ $ 89,000 6,500 4,500 $ 100,000 City of Round Rock Capital Repair Fund #593 2011-2012 Proposed Budget 1)1 "1 R11'111)A til 111 NI 1:11t1.1 Beg. Est. Unreserved Fund Balance 10/1/11 REVENUES Interest Income Transfer from Hotel Fund Insurance Proceeds Total Revenues Available Balance EXPENDITURES: Repairs to Dell Diamond Repairs to Dell Diamond(Leak repairs) Subtotal 2012 Expenditures Total Expenditures Estimated Unreserved Fund Balance 9/30/12 $ 255,512 $ 255,512 $ 255,512 $ 45,234 75 75 55 75,000 75,000 75,000 8,164 55 250,000 75,075 75,075 83,219 250,055 330,587 330,587 338,731 295,289 225,970 293,525 293,497 250,000 37,000 37,000 262,970 330,525 293,497 250,000 262,970 330,525 293,497 250,000 $ 67,617 $ 62 $ 45,234 $ 45,289 City of Round Rock Capital Improvement Fund #595 2011-2012 Proposed Budget 111 •,( IZI I' 1 111\ 1)1 111\1 Ru(12,0 Beg. Est. Unreserved Fund Balance 10/1/11 REVENUES Interest Income Transfer from Hotel Fund Total Revenues Available Balance EXPENDITURES: Improvements to Dell Diamond Subtotal 2012 Expenditures Total Expenditures • $ 315,233 $ 315,233 $ 315,233 $ 80 75 75 80 75 100,000 100,000 100,000 100,000 100,075 100,075 100,080 100,075 415,308 415,308 415,313 100,155 385,740 415,240 415,233 100,000 385,740 415,240 415,233 100,000 385,740 415,240 415,233 100,000 Estimated Unreserved Fund Balance 9/30/12 $ 29,568 $ 68 $ 80 $ 155 City Council Agenda Summary Sheet Agenda Item No. 10D3. Agenda Caption: Consider a resolution approving the request for and authorizing the expenditure of funds for Capital Repair Work and Capital Improvement Work at the Convention Center Complex (Dell Diamond). Meeting Date: October 27, 2011 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: As stated in the Convention Center Complex Lease Agreement, the Leasee (Round Rock Baseball) must provide the City a proposed schedule and budget for Capital Repair Work and Capital Improvements to be completed 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. Repairs include roofing, field lighting, carpeting, flooring, and turf. Cost: Capital Repair $250,000 Capital Improvement $100,000 Source of Funds: Hotel Occupancy Tax Fund Date of Public Hearing (if required): N/A Recommended Action: Approval