CC Resolution No. 2648RESOLUTION NO. 2648
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, REPEALING RESOLUTION NO. 2537, WHICH APPROVED A
BUDGET FOR THE BAYTOWN HOTEL AND CONVENTION CENTER
PROJECT; APPROVING AN UPDATED BUDGET FOR THE BAYTOWN
HOTEL 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 repeals
Resolution No. 2537, which approved a budget for the Baytown Hotel and Convention Center
Project and was adopted on September 13, 2018.
Section 2: That the City Council of the City of Baytown, Texas, hereby approves an
updated budget for the Baytown Convention Center Project, which is attached hereto as Exhibit
"A" and incorporated herein for all intents and purposes.
Section 3: 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 affirmative vote of the City Council of the
City of Baytown this the 9t11 day of April, 2020.
ANDON CAPITILL , Mayor
ATT T:
L ICIA BRYSCH, Cit erk
APPROVED AS TO FORM:
ACIO RAMIREZ, SR. ity Attorney
cobfs0l,,legal•.Karen Files%City Council Resolutions\2020\April 9\Approvebudget4BaytownConventionCenterProject doc
Exhibit "A"
Design Build Contractor
Owner's Construction Contingency (hold for construction)
F F&E/OS&E/IT/Equipment
FF&E
OS&E
IT
Kitchen/Laundry Equipment
Site
$ 27,629,021 $ 14,294,229 $ 41,923,250
$
672,444
$0
S
672,444
$
4,128,577
$
1,625,257
$
5,753,834
$
1,395,342
$
1,045,090
$
2,440,432
$
861,616
$
407,744
$
1.269,360
$
877,073
$
196,888
$
1,073,961
Land
$
1
$
0
$
1
Due Diligence / Market studies
$
51,000
$
-
$
51,000
Survey, Geotech,etc
$
24,960
$
14,040
$
39,000
Title Policy
$
-
$
-
$
-
Design Fees
Architectural and Engineering Fees
$
2,331,163
$
1,047,761
$
3,378,924
DPR Design Team management fee (1.2%)
$
28,009
$
13,339
$
41,348
KPFF (tower structure design)
$
65,000
$
65,000
Fee Contingency
$
95,979
$0
$
95,979
Inspections
3rd Party Testing & Inspection
$
136,600
$
84,400
$
221,000
3rd party fire life safety and commisioning
$
108,000
$
72,000
$
180,000
Other Soft Costs
Brand, Technical Service and Construction Services Fees
$
150,000
$
100,000
$
250,000
Brand Application Fee
$
87,400
$
-
$
87,400
Pre -Opening Budget
$
898,622
$
888,748
$
1,787,370
Legal Fees
$
176,000
$
99,000
$
275,000
Property Taxes during Construction
$
-
$
-
$
-
City Permit, Impact and Tap Fees
$
131,083
$
87,389
$
218,472
GPP Developer Fees
$
1,448,211
$
964,660
$
2,412,871
Cedar Trinity (come out of the addl $235,400 Dev. Fee)
$
32,400
$
21,600
$
54,000
GPP accrued reimbursable expenses / ongoing developer travel
$
21,090
$
11,861
$
32,951
Construction Manager
$
219,638
$
124,922
$
344,560
Developer's Insurance
$
71,928
$
1,072
$
73,000
Project Contingency (owner's)
$
935,640
$0
$
935,640
Total Soft Costs
$
7,012,724
$
3,530,792
$
10,543,516
Subtotal Net of Financing & Working Capital
$
42,576,796
$
21,100,000
$
63,676,797