title
Consider/Discuss/Act on a Resolution Approving the Payment of Additional Funds to Gateway Hotel One, Ltd. as Reimbursement for Additional Construction Services and Authorizing the City Manager to Make Said Payment for those Construction Services Related to Potential Exterior Enhancements on the Sheraton Gateway Hotel and Events Center Project
Summary
MEETING DATE: April 1, 2014
DEPARTMENT: City Manager
Development Services
CONTACT: Robert Daake, PE - Deputy City Manager
Patricia L. Jackson, PE - Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Resolution.
ITEM SUMMARY:
· This Resolution authorizes the payment of additional funds to Gateway Hotel One, Ltd. as reimbursement for additional construction services and authorizes the Deputy City Manager to make said payment for those construction 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 construction services related to the City's request for potential exterior enhancements amounts to a maximum of $282,786 of additional costs, and according to the development agreement, all changes to previously approved plans are to be paid for by the requesting party.
· This item addresses only those exterior enhancements and changes to the approved elevations related to those enhancements, other changes are being proposed by the design team to the previously approved elevations that may require additional review and approval.
FINANCIAL SUMMARY:
· Additional funding for these services will need to be appropriated by the McKinney Community Development Corporation and appropriated in the Capital Improvements Program FC3253.
BOARD OR COMMISSION RECOMMENDATION:
· N/A