CC Resolution No. 2537RESOLUTION NO. 2537
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, APPROVING THE BUDGET FOR THE BAYTOWN CONVENTION
CENTER PROJECT; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby approves the
budget for the Baytown Convention Center Project, which is attached hereto as Exhibit "A" and
incorporated herein for all intents and purposes.
Section 2: This resolution shall take effect immediately from and after its passage by
the City Council of the City of Baytown.
INTRODUCED, READ and PASSED, by the
City of Baytown this the 13th day of September, 2018.
S
ATT T:
L TICIA BRYSCH, Clerk
APPROVED AS TO FORM:
ACIO RAMIREZ,R City Attorney
of the City Council of the
\ICOBFSOI1Legal\KarenlFiles\City Council\Resolutions\2018\September 13\Approvebudget4BaytownConventionCenterProject.doc
Exhibit "A"
Construction -General Contractor
Site Work & Landscaping
Parking
Contractor Contingency
CGL Insurance & Builders Risk
Hazardous Material Insurance
Payment & Performance Bond
9/7/2018
$
19,875,366
$
11,365,948
$
31,241,314
$
569,352
$
854,028
$
1,423,380
$
-
$
1,467,934
$
1,467,934
$
609181
$
395.469
$
1,004,650
$
548,263
$
355,922
$
904,185
$
102,000
$
68,000
$
170,000
$
140,000
$
131,700
$
271,700
$
21,844,162
$
14,639,000
$
36,483,162
Signage (Interior)
$
90,000
$
60,000
$
150,000
Change Order Reserve (for IGMP)
$
456,937
$
500,993
$
957,930
Construction Contingency (hold of construction)
$
336,888
$
335,556
$
672,444
Contract Escalation (for IGMP)
$
161,814
$
165,139
$
326,953
FF&EIOS&EIIT/Equipment
$
87,400
$
-
$
87,400
FF&E
$
3,228,577
$
1,775,257
$
5,003,834
OS&E
$
1,185,342
$
1,045,090
$
2,230,432
IT
$
551,616
$
367,744
$
919,360
Kitchen/Laundry Equipment
$
477,073
$
396,888
$
873,961
GPP Developer Fees
$
1,339,371
$
892,100
$
2,231,471
Soft Costsof • and Working Capital
$
32,951
Site
$
32,951
Construction Manager
$
193,536
$
Land
$
1
$
0
$
1
Due Diligence / Market studies
$
51,000
$
-
$
51,000
Survey, Geotech,etc
$
23,400
$
15,600
$
39,000
Title Policy
$
-
$
-
$
-
Design Fees
$
56,409,460
Architectural and Engineering Fees
$
1,652,150
$
1,101,433
$
2,753,583
KPFF (tower structure design)
$
65,000
$
65,000
Fee Contingency
$
91,187
$
60,792
$
151,979
Inspections
3rd Party Testing & Inspection
$
126,600
$
84,400
$
211,000
Other Soft Costs
Brand, Technical Service and Construction Services Fees
$
306,137
$
204,091
$
510,228
Brand Application Fee
$
87,400
$
-
$
87,400
Pre -Opening Budget
$
395,622
$
388,748
$
784,370
Legal Fees
$
165,000
$
110,000
$
275,000
Property Taxes during Construction
$
-
$
-
$
-
City Permit, Impact and Tap Fees
$
125,083
$
83,389
$
208,472
GPP Developer Fees
$
1,339,371
$
892,100
$
2,231,471
GPP accrued reimbursable expenses / ongoing developer travel
$
32,951
$0
$
32,951
Construction Manager
$
193,536
$
129,024
$
322,560
Developer's Insurance
$
43,800
$
29,200
$
73,000
Project Contingency (owner's)
$
596,621
$
397,748
$
994,369
Total Soft Costs
$
5,294,858
$
3,496,525
$
8,791,384
Subtotal Net of Financing & Working Capital
$
33,627,267
$
22,782,193
$
56,409,460