CC Resolution No. 2,706RESOLUTION NO. 2,706
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, REPEALING RESOLUTION NO. 2648, WHICH APPROVED A
BUDGET FOR THE BAYTOWN CONVENTION CENTER PROJECT;
APPROVING A REVISED 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 repeals
Resolution No. 2648, which approved a budget for the Baytown Convention Center Project in
accordance with the Development Management Agreement and was adopted on April 9, 2020.
Section 2: That the City Council of the City of Baytown, Texas, hereby approves a
revised budget for the Baytown Convention Center Project in accordance with the Development
Management Agreement, 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 41h day of March, 2021( n 12.
NDON CAPETILT5,1tayor
ATTEST:
APPROVED AS TO FORM:
�1JLJ_
KAREN L. HORNER, City Attorney
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RAKaren Homer\Documents\FiteslCity Counc&ResolutionO021'•.March 4Wpprovebudget4BaytownConventionCenterProject.doc
Exhibit "A"
Design Build Contractor- Hotel/Convention Project
$
28,847,476
$
14,898,065
$
43,745,541
Lift Station
$
2,400,000 $
2,400,000
Utilities
$
600,000 $
600,000
Contingency
$
298,000 $
298,000
Owner's Construction Contingency (hold for construction)
$
672,444
$0
$
672,444
FF&E/OS&E/IT/Equipment
Furniture Fixtures & Equipment
$
4,199,118
$
1,660,216
$
5,859,334
Operating Supplies &Equipment
$
1,470,230
$
1,082,202
$
2,552,432
IT Equipment
$
956,696
$
454,864
$
1,411,560
Kitchen/Laundry Equipment
$
1,100,492
$
307,607
$
1,408,099
Soft Costsof • and Working Capital
Site
Land
$
1
$
-
$
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
$
2,454,527
$
1,108,897
$
3,563,424
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
$
1,594,491
$
1,010,392 $
102,000 $
2,706,883
Cedar Trinity
$
32,400
$
21,600
$
54,000
GPP accrued reimbursable expenses / ongoing developer travel
$
21,090
$
11,861
$
32,951
Construction Manager
$
263,517
$
146,668
$
410,185
Developer's Insurance
$
71,928
$
1,072
$
73,000
Project Contingency (owners)
$
977,374
$0
$
977,374
Total Soft Costs
$
7,367,981
$
3,659,406 $
102,000 $
11,129,387
Subtotal Net of Financing & Working Capital
$
44,614,437
$
22,062,360 $
3,400,000 $
70,076,797
revision date 02-26-202