HomeMy WebLinkAboutRES 2017-026 RESOLUTION NO. 2017-026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING A PRE-
DEVELOPMENT BUDGET FOR THE CONTINUED
DEVELOPMENT OF THE FINAL SCOPE OF THE DESIGN
AND CONSTRUCTION OF THE RAIL STATION NEW
DEPOT, HOTEL AND GARAGE PROJECT AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Grapevine and Coury Hospitality ("Coury") entered into a
Development Services Agreement dated December 7, 2016 (the "Contract"); and
WHEREAS, the Contract provides for the joint, public/private development of a rail
station building, rail station hotel, interior and exterior public spaces, and a parking
garage; and
WHEREAS, Section 2.5 of the Contract provides for the preparation of a
development and construction budget "Approved Budget"; and
WHEREAS, Coury Hospitality has prepared a Pre-Development Budget for tasks
necessary for the continued development of the final scope of the design and
construction of the rail station new depot, hotel and garage for City Council approval;
and
WHEREAS, all legal prerequisites for the adoption of this resolution have been
met, including but not limited to the Local Government Code and the Open Meetings Act;
and
WHEREAS, the City Council hereby declares that the approval of this resolution is
in the best interest of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That all matters stated in the preamble are true and correct as if
copied herein in their entirety.
Section 2. That the City Council of the City of Grapevine hereby approves the
Pre-Development Budget in an amount not to exceed $373,600 for the continued
development of the final scope of the design and construction of the rail station new
depot, hotel and garage as an element of the project"Approved Budget", and authorizes
the City Manager, or his designee, to execute any documents necessary to proceed.
Section 3. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 7th day of March, 2017.
APPROVED:
William D. Tate
Mayor
ATTEST:
GRAPE
a i�
Tara Brooks w x
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
Resolution No. 2017-026 2