Loading...
BHPFC Resolution No. 12RESOLUTION NO. 12 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN HOSPITALITY PUBLIC FACILITIES CORPORATION AUTHORIZING THE PRESIDENT TO EXECUTE THE FIRST AMENDMENT TO THE AGREEMENT FOR FUNDING ASSOCIATED WITH THE HOTELICONVENTION CENTER PRE -CONSTRUCTION EFFORTS WITH THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AND THE CITY OF BAYTOWN; 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 President to execute the First Amendment to the Agreement for Funding Associated with the Hotel/Convention Center Pre -Construction Efforts with the Baytown Municipal Development District and the City of Baytown. 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 41h day of March, 2021. B ANDON CAPETILLO, tresident ATTEST': LETICIA BRYSCH, AssKtaAt Secretary APPROVED AS TO FORM: KAREN L. HORNER, General Counsel RAKaren HorneADocuments Files'%city Council\PFO Resolution\202 I Warch 4\PFCResolution4lstAmendment.doc Exhibit "A" FIRST AMENDMENT TO THE AGREEMENT FOR FUNDING ASSOCIATED WITH THE HOTEL/CONVENTION CENTER PRE -CONSTRUCTION EFFORTS STATE OF TEXAS COUNTY OF HARRIS § This First Amendment ("First Amendment") to that certain Agreement for Funding associated with the Hotel/Convention Center Pre -Construction Efforts (the "Agreement") is made by and among the BAYTOWN HOSPITALITY PUBLIC FACILITIES CORPORATION, a public facility corporation created under Chapter 303 of the Texas Local Government Code, as amended (the "PFC"); the BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT, created under Chapter 377 of the Texas Local Government Code, as amended, (the "Act") and located in Harris County, Texas, (the "District"), and the CITY OF BAYTOWN, a home -rule municipal corporation located in Harris and Chambers Counties, Texas (the "City"). WHEREAS, on December 12, 2019, the District and the PFC entered into the Agreement to fund up to SIX HUNDRED THOUSAND AND NO.! 100 DOLLARS ($600,000.00) for (i) the PFC's performance under the Pre -Construction Agreement with DPR Construction ("DPR") and (ii) the pre - construction portion of the Hotel and Convention Center Development Services Agreement with Garfield Public: Private LLC ("Garfield"), and (iii) the Hotel Market Study Update; and WHEREAS, since such time, the Governor declared that the COVID-19 pandemic is a statewide public disaster, and the Mayor declared a local state of disaster within the City of Baytown; and WHEREAS, the COVID-19 pandemic has caused the Project and the financing thereof to be delayed, although DPR Construction and Garfield continued to press forward with the Project; and WHEREAS, the pandemic coupled with the continued work has caused additional funding to be necessary in order to cover costs during the protracted pre -development phase; WHEREAS, the PFC, District and the City desire to amend the Agreement to reflect the funds necessary for certain pre -construction efforts associated with the Project; and NOW THEREFORE, for and in consideration of the premises and mutual covenants herein contained, it is agreed as follows: 1. Definitions. Unless a different meaning clearly appears from the context, words and phrases as used in this First Amendment shall have the same meanings as in the Agreement. 2. Amendments. a. Section 2 "Description of Program" of the Agreement is hereby amended to read as follows: Section 2. Description of Program. The PFC, with the assistance of the District and the City as herein specified, agrees to perform under a Pre -Construction Agreement with DPR Construction and the First Amendment to the Agreement for Funding associated with the Hotel/Convention Center Pre -Construction Efforts, Page 1 pre -construction portion of the Development Management Agreement with Garfield Public. -Private LLC, in furtherance of the Baytown Hotel and Convention Center Project (the "Project"). Additionally, the Project shall entail a Hotel Market Study Update performed by CBRE, Inc. b. Section 3 "Reports" of the Agreement is hereby amended to read as follows: Section 3. Reports. The PFC shall prepare and submit to the District and to the City within 120 days after the end of each fiscal year during the term of this Agreement a verbal or brief written report describing the services performed by the PFC pursuant to this Agreement during the previous year, along with a summary of expenditures for the previous fiscal year. c. Section 5 "Funds to be provided by the District" of the Agreement is hereby renamed Section 5 "Funding" and is amended to read as follows: Section 5. Funding. For and in consideration of the services to be provided by the PFC in furtherance of this Agreement, a. the District shall tender funds to the PFC in an amount not to exceed ONE MILLION ONE HUNDRED THOUSAND AND NO1100 DOLLARS ($1,100,000.00) and b. the City shall tender funds to the PFC in an amount not to exceed TWO HUNDRED FIFTY THOUSAND AND NO'100 DOLLARS ($250,000.00). All payments required to be made herein shall be payable on or before 30 days after receipt of an invoice therefor from the PFC. d. Section 8 "Force Majeure" of the Agreement is hereby amended to read as follows: Section 8. Force Majeure. Any prevention, delay, nonperformance, or stoppage due to any of the following causes shall excuse nonperformance for the period of any such prevention, delay, nonperformance, or stoppage, except the obligations imposed by this Agreement for the payment of funds allocated for the Project. The causes referred to above are strikes, lockouts, labor disputes, failure of power, acts of God, acts of public enemies of this State or of the United States, riots, insurrections, civil commotion, inability to obtain labor or materials or reasonable substitutes for either, governmental restrictions or regulations or controls, casualties or other causes beyond the reasonable control of the party obligated to perform. e. Section 9 "Refund and Payment upon Termination" of the Agreement is hereby amended to read as follows: Section 9. Refund and Payment upon Termination. Upon termination of this Agreement pursuant to Section 7 hereof due to an uncured default by the PFC, the PFC hereby agrees to refund all unexpended, unappropriated monies previously paid by the District and/or the City pursuant to this Agreement. If at the time of termination, the District and/or the City owes the PFC First Amendment to the Agreement for Funding associated with the Hotel/Convention Center Pre -Construction Efforts, Page 2 monies, the entity indebted to the PFC shall remit to the PFC the appropriate amount computed as of the effective date of the termination. Upon termination of this Agreement pursuant to Section 7 hereof due to an uncured default by the District, the District hereby agrees to pay, on or before the effective date of termination, the amount due as of the effective date of termination. Upon termination of this Agreement pursuant to Section 7 hereof due to an uncured default by the City, the City hereby agrees to pay, on or before the effective date of termination, the amount due as of the effective date of termination. f. Section 10 "Parties in Interest" of the Agreement is hereby amended to read as follows: Section 10. Parties in Interest. This Agreement shall bind and benefit the PFC, the City, and the District and shall not bestow any rights upon any third parties. g. Section 14 "Notices" of the Agreement is hereby amended to read as follows: Section 14. Notices. All notices required or permitted hereunder shall be in writing and shall be deemed delivered when actually received or, if earlier, on the third day following deposit in a United States Postal Service post office or receptacle with proper postage affixed (certified mail, return receipt requested) addressed to the respective other party at the address described below or at such other address as the receiving party may have theretofore prescribed by notice to the sending party: City City of Baytown Attn: City Manager P.O. Box 424 Baytown, Texas 77522-0424 Fax: (281) 420-6586 District Baytown Municipal Development District Attn: President, Board of Directors P.O. Box 424 Baytown, Texas 77522-0424 Fax: (281) 420-6586 PFC Baytown Hospitality Public Facilities Corporation Attn: General Manager P.O. Box 424 Baytown, Texas 77522-0424 Fax: (281) 420-6586 h. Section 15 "Audits" of the Agreement is hereby amended to read as follows: Section 15. Audits. The City, PFC, and the District may, at any reasonable time, conduct or cause to be conducted an audit of another party's records and financial transactions. The cost of First Amendment to the Agreement for Funding associated with the Hotel/Convention Center Pre -Construction Efforts Page 3 said audit will be borne by the entity requesting the audit. The City, the PFC, and the District shall make available all of its records in support of the audit. i. Section 19 "Assignment or Transfer of Rights or Obligations" of the Agreement is hereby amended to read as follows: Section 19. Assignment or Transfer of Rights or Obligations. The PFC shall not sell, assign, or transfer any of its rights or obligations under this Agreement in whole or in part without prior written consent of the District and the City. 3. Entire Agreement. The provisions of this First Amendment and the provisions of the Agreement should be read together and construed as one agreement, provided that, in the event of any conflict or inconsistency between the provisions of this First Amendment and the provisions of the Agreement, the provisions of this First Amendment shall control. IN WITNESS WHEREOF, the parties have made and executed this Agreement in multiple copies, each of which shall be an original and effective on the _ day of March, 2021. BAYTOWN HOSPITALITY PUBLIC BAYTOWN MUNICIPAL FACILITIES CORPORATION DEVELOPMENT DISTRICT RICHARD L. DAVIS BRANDON CAPETILLO General Manager President ATTEST: ATTEST: LETICIA BRYSCH LETICIA BRYSCH Assistant Secretary Assistant Secretary CITY OF BAYTOWN RICHARD L. DAVIS City Manager ATTEST: LETICIA BRYSCH City Clerk R: Karen HomeADocumentsTiles.City Council\Municipal Development District. Contracts Contracts 2021 First Amendment - PFC Pre -Construction Efforls.doc First Amendment to the Agreement for Funding associated with the Hotel/Convention Center Pre -Construction Efforts, Page 4