title
Consider/Discuss/Act on a Resolution Approving the Payment of Additional Funds to Gateway Hotel One, Ltd. as Reimbursement for Additional Architectural Services and Authorizing a Deputy City Manager to Make Said Payment for those Architectural Services Related to Potential Exterior Enhancements on the Sheraton Gateway and Events Center Project
Summary
MEETING DATE: April 1, 2014
DEPARTMENT: City Manager
CONTACT: Rob Daake
Deputy City Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Resolution.
ITEM SUMMARY:
· This item was tabled from the February 24, 2014 and the March 4, 2014 meetings.
· This Resolution authorizes the payment of additional funds to Gateway Hotel One, Ltd. as reimbursement for additional architectural services and authorizes a Deputy City Manager to make said payment for those architectural services related to potential exterior enhancements on the Sheraton Gateway Hotel and Events Center Project.
BACKGROUND INFORMATION:
· The City of McKinney previously executed a development agreement related to the design, construction, financing and management necessary to complete the Sheraton Gateway Hotel and Events Center project.
· The site plan along with proposed exterior elevations and exterior materials were approved by City Council on October 1, 2013, in conformance with our development agreement for the project.
· After that initial approval, the City Council and the MCDC requested the development of potential exterior enhancements to create alternative aesthetics.
· The additional design services, drawings and renderings related to the City's request for potential exterior enhancements amounts to $52,000 of additional costs, and according to the development agreement, all changes to previously approved plans are to be paid for by the requesting party.
FINANCIAL SUMMARY:
· Funding for these additional services is available in the Capital Improvements Program FC3253.
BOARD OR COMMISSION RECOMMENDATION: N/A