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R-13-02-28-I5 - 2/28/2013RESOLUTION NO. R-13-02-28-15 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 November 20, 2012, the City Council approved Capital Repair Fund #593 (FY 2012-2013) budget for the 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 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 Capital Repair Fund #593 (FY 2012-2013) budget for the expenditure of funds for the Convention Center Complex, as set forth in Exhibit "Btt, attached hereto and incorporated herein for all purposes, is 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 28th day of February, 2013. ATTEST: - 9WAA::� , I SARA L. WHITE, City Clerk O:\wdox\SCC1nts\0112\ 1304\MUNICIPAL\00268734.DOC/rmc ALAN MCGRAW, Mayor City of Round Rock, Texas February 1, 2013 Cheryl Delaney Finance Director City of Round Rock TX Dear Cheryl, Please accept this letter as our request for City approval to access $ remaining funds in Capital Repair Fund #593 for the following: - Fire Line Riser $15,500 - HVAC $38,500 We thank you for your consideration and are available to answer a► need help with. Respectfully, George King Executive Vice President / GM 3400 East Palm Valley Blvd. * Round Rock, TX 78665 * Phone 512.255.2255 * Fax 512.255.1558 Round RockExpress.com Triple -A Affiliate of the Texas Rangers EXHIBIT "B» City of Round Rock Capital Repair Fund #593 2012-2013 Revised Budget #1 Beg. Est. Unreserved Fund Balance 10/1/12 REVENUES Interest Income Transfer from Hotel Fund Total Revenues Available Balance EXPENDITURES: Repairs to Dell Diamond Add'I Repairs to Dell Diamond (Rev #1) Subtotal 2013 Expenditures Total Expenditures Estimated Unreserved Fund Balance 9/30/13 $ 71,868 $ 71,868 55 55 250,000 250,000 $ 250,055 $ 250,055 $ 321,923 $ 321,923 267,793 267,793 0 54,000 $ 267,793 $ 321,793 $ 267,793 $ 321,793 $ 54,130 $ 130 Proposed Capital Expenditures for Convention Center Complex FY 2013 Revised Budget #1 Replacement Wall Padding Replacement Dugout Rail Padding Replacement of Carpet in Club House & Control Room Replacement of (5) HVAC units Replacement of Roof over Clubhouse, Batting Cage, United Heritage Center Replacement of Concourse Lighting to LED Repair of Manual Perimeter Gate Replacement of Trim in United Heritage Center Replacement/Repair of Concourse Restroom Sinks Replacement/Repair of Ceiling Grid/Tile in Kitchen/Concession Areas FY 12 Items Not Received by Year End (Blackout Panels, Bathroom Partitions, Door Strike) HVAC Replacements Fire Line Riser TOTAL CAPTIAL REPAIRS $ 60,000 $ 60,000 $ 9,000 9,000 - 31,500 31,500 30,000 30,000 75,000 75,000 10,000 10,000 - 3,500 3,500 12,500 12,500 12,500 12,500 6,000 6,000 - 17,793 17,793 - - 38,500 38,500 - 15,500 15,500 $ 267,793 $ 321,793 $ 54,000 City of Round Rock 'ROUND ROCK TEXAS wwsr-n�swn e�asv�nm Agenda Item Summary Agenda Number: 15. Title: Consider a resolution approving Amendment No. 1 to the Capital Repair Fund #593 budget for the expenditure of funds for capital repair work at the Convention Center Complex (Dell Diamond). Type: Resolution Governing Body: City Council Agenda Date: 2/28/2013 Dept Director: Cheryl Delaney, Finance Director Cost: $54,000.00 Indexes: Attachments: Resolution, Exhibit "A", Exhibit "B" Text of Legislative File 13-047 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 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; this is the first amendment to that budget. The original budget was presented to Council in November 2012 which included replacement of padding, carpet, HVAC units, roofing, perimeter gate, trim, sinks, ceiling grid and tiles, and new electrical service and also allocated funding for items originally approved in FY 12, but not received or completed prior to year end, including blackout panels, bathroom partitions, and door strikes. Amendment No. 1 to the Dell Diamond Capital Repair Fund Budget will be used for HVAC replacements and fire line riser with expenditures of $54,000. Annually the City is contractually required to maintain accounts for capital repair ($250,000) related to the Convention Center Complex. Staff recommends approval. City of Round Rock Page 1 Printed on 2/2212013