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BHPFC Resolution No. 7RESOLUTION NO. 7 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN HOSPITALITY PUBLIC FACILITIES CORPORATION AUTHORIZING THE FIRST AMENDMENT TO THE HOTEL AND CONVENTION CENTER DEVELOPMENT SERVICES AGREEMENT WITH GARFIELD PUBLIC/PRIVATE LLC; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ************************************************************************************* BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN HOSPITALITY PUBLIC FACILITIES CORPORATION: Section 1: That the Board of Directors of the Baytown Hospitality Public Facilities Corporation hereby authorizes the First Amendment to the Hotel and Convention Center Development Services Agreement with Garfield Public/Private LLC. A copy of said amendment 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 Board of Directors of the Baytown Hospitality Public Facilities Corporation. INTRODUCED, READ and PASSED by the affirmative vote of the Board of Directors of the Baytown Hospitality Public Facilities Corporation, this the 9th day of January, 2020. 7� OA4C BRANDON CAPETILLO, resident A ST: j to LETICIA BRYSCH, AAistant Secretary APPROVED AS TO FORM: 4M7ZO)RAMIREZ, SR. n ral Counsel to COBFSOI Legal Karen Files City Council PFC•Resolution\2020Uanuary 9Tirst Amendment to Development Services Agreement with Garfield.doc Exhibit "A" FIRST AMENDMENT TO HOTEL AND CONVENTION CENTER DEVELOPMENT MANAGEMENT AGREEMENT THIS FIRST AMENDMENT TO HOTEL AND CONVENTION CENTER DEVELOPMENT MANAGEMENT AGREEMENT (this "Amendment"), is made as of this day of 2020, by and between the Baytown Hospitality Public Facilities Corporation, a Texas nonprofit corporation ("Hotel Owner"), and Garfield Public/Private LLC, a Texas limited liability company ("Garfield") (collectively, the "Parties"). RECITALS: WHEREAS, the Parties entered into that certain Hotel and Convention Center Development Management Agreement effective as of November 7, 2019 (the "Agreement") pursuant to which Garfield has agreed to provide certain project management services to Hotel owner in connection with the predevelopment, development, and construction of a full -service, upscale hotel and convention center, with related public infrastructure and facilities and certain surface or stnictured parking, landscaping, hardscaping and other amenities (the "Project"); and WHEREAS, the Parties desire to expand the scope of the Agreement to provide for payment by Garfield on behalf of the Hotel Owner of various pre -development, development, and constniction expenses associated with the Project; NOW, THEREFORE, in consideration of the foregoing, the mutual covenants herein contained, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: The Hotel Owner authorizes Garfield to pay pre -development, development, and construction expenses as previously approved by the Hotel Owner from time to time, and to seek reimbursement from the Hotel Owner upon presentment of invoices and other documentation for such expenses. All terms and conditions of the Agreement not amended hereby shall apply to this Amendment. BAYTOWN HOSPITALITY PUBLIC FACILITIES CORPORATION By: Name: Title: Date: GARFIELD PUBLIC/PRIVATE LLC By: Name: Title: Date: