R-02-12-19-9B1 - 12/19/2002RESOLUTION NO. R- 02- 12- 19 -9B1
WHEREAS, in accordance with the Convention Center Complex Lease
Agreement between the City of Round Rock ( "Lessor ") and Ryan Sanders
Ryan, Inc., now known as Round Rock Baseball, Inc., ( "Lessee "), Lessee
is required to provide Lessor with a proposed schedule for and budget
of proposed Capital Improvement Work and Capital Repair work to be
performed at the Complex, and
WHEREAS, Lessee has provided the City of Round Rock with said
schedule and budget, a copy of which is attached hereto as Exhibit "A"
and incorporated herein for all purposes, and
WHEREAS, the City Council wishes to authorize the expenditure of
funds for said capital repair work, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the expenditure of funds for capital repair work at the
Convention Center Complex, in accordance with Exhibit "A ", is hereby
authorized.
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.
ODMA\ WOALDOX\ 0 , \WOOX\RESOLUTI \R21119D1.WPD /e0
A EST:
RESOLVED this 19th day of December, 2002.
CHRISTINE R. MARTINEZ, City Secretary
2
LE MAXWELL, Mayor
City of Round Rock, Texas
Item
Estimated Cost
Re- carpet convention center and stadium
$50,000
Repair and raise netting
$10,000
ag l219 doc
Exhibit A
Received:
. Capital Repair Account Proposed Expenditures
(to be completed in 2003)
DATE: December 13, 2002
SUBJECT: City Council Meeting — December 19, 2002
ITEM: 9.B.1. Consider a resolution approving the budget and authorizing the
expenditure of funds for capital repairs work at the Convention Center
Complex (Dell Diamond).
Resource: David Kautz, Chief Financial Officer
History:
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 to be performed at the
Complex. The City, as owner of the Complex, must pay for applicable
capital repairs from Hotel Occupancy Taxes set aside in a Capital
Repair Work Account.
Funding:
Cost: $60,000 to $75,000 (estimate)
Source of Funds: Hotel Occupancy Tax / Capital Repair Work Account
Outside Resources: N/A
Impact/Benefit: Maintaining the Complex in good repair will lengthen its useful life.
Public Comment: N/A
Sponsor: N/A