Urbana TIRZ 3 Application Final
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Transcript of Urbana TIRZ 3 Application Final
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City
of Corpus
Chrisl
O
IV
Manager'S
ffiU
Corpus Chtisti Oowntown Management OtsttlCt:
Tax
lncrement Reinvestment
Zone
#3
Application for Incentives
Apphcant Name; C h n l _ u o _ ~ ~ e t N W _ _ _ ,Date.
lleceni et
30. 201s
P h o n e ~ :2 l3-908-29
27
Emal e c x c . . o o m
Check Programs App llcant isRequesting :
j ]
Chaparral St Property lmprovement Program O
Downtown living
IMiative Grant
O Ne w Commercaal Tenant Fin1sh Our Program
O OeveJoproent Agreement (Choose
Quallf
ed p e n s e Below)
O PubltC l m p r o ~ m e n t s / I . J t l l l t e s 0Ptc ferred Uroon DesignjLondscopmg
O
Structured Porkmg 0Htsronc Preservooon/Rehob
O Enwonmentol RemedtotiOn/
Code
Compltonce
O Resldent
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OtyofCorpus Chrlst
i Clty
M n a g e ~ s
Office
Corpus
Christl
Down
town Ma
na
gement Olstrlct
Current Propertv
Value
TBO Proposed tnvestment: $145,600
Purchase
Pnce S
350
000
Sq.
Ftland/lmprovements
_5_
0
_
0
_____
E timated
Start
Date February
1
2016
Completion Date:
May
1
20
16
Required Attachments:
(A) Pro}ect lllustrntfon, Plans, Spedficatlons and Drawlngs lvl
(B} Construclfon
Pro-Forma
(Sources
and
Uses of Fundingt
and
Statement of Flnanclng lttl
(C) Summary of Partoers, Professional Col'\sul tants and
Expe
rience ofTeam l
tt
l
CERTIFICATION
1
hereby certl(y that
1
am
authorl
zed
to
slgn
the
Incentive apphcatlon
ttnd
w
Jnformatlon contained
In
the
appllcation ls true correa
to
thg be5t of my knowledge 1also understand and certtfy that 1 'lave read
the po lky gurdellnes for each po llcy In wh,ch 1am applvl ' for and am famlfiar with the provlslons
contalned thereln
l hereby warrant that all c o r u t r u wlll be auordanc wlth the
dty of Corpus
Chrfstl Building Codes,
that work wlll not commence on ltems eflglble for reimbursement untll thts appllcatJon
has
been
submlned lO and an agrecment a p p o ~ by the Board
of Directors of
the lene. Ta tlle ben of my
knowledge. no
rnember of
he
Board
of
Olrcctors
or employee of
the Downtown
Management D{smct
or
Oty of
Corpus
Chr ist1 would
have any
financia Jnterest, dlrect or lndlrect.
In any
assistance whlch may ' '-
L II
provide
to the appl n (or
f tu
affillates) far the
prolect descrlbed hereJn NOk.
J n a S l clOCJ..U
Si
gnature
Date. ,
1-11-11
bwhcd
1\ifP
The
appllcatlon t be complete
and returned
for
c.onsideratJon
prior
ro
the submlsslonoran appllcaton V\IC
No
for a building perrnlr or the issuance
of
a certfficateof occupancy, whlchever comes flrst. Upon receipt of
thls appflcatlon, \he Cltv of
Corp
us
Christ
l shall requlre such
fTnanclJJI
and other lnformation as may
be
deemed ppropriate for eva luatlng the
flnanclal
capaclty and other factors
of
the appllcant Ftlr m o ~
lnformation or questlons l e a s ~
call
Alyssa B a r r e ~ BuSiness Liaison forth Oty Manager's Offlce at (361)
8 2 . 6 ~ 3 3 5 6 Offidal submtttal must
be emai Qd
to
AlnaB@qWxu
.w m as a single
POF
document
FGr lntemal Use Onty:
Recelved
by Otv
Manager'S Office: Date: L
1_.
_ ...:
J)
Re
ce.Jv
ed
by
DM
O:
Date
Revrewed by CCREOC: Date:
ProJed
Manager Asslgned: __
::;..t-eN Cfl__;;.. _
; : _ ;
.....
Ta lncrement RelrwestmentZone#3 Appl,catlon
Updated Oetember 2015
r
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ProjectName:DowntownDeli
ProjectAddress:424N.Chaparral
ProjectSources OtherDepreciable(FFE)Purchase:LandandBuildings Furniture,Fixtures,Equipment
CashandCommercialLoan $350,000.00 Installrefrigerationunits
Other $0.00 Displaycases
$350,000.00 Tables,chairs
Project
Costs Misc.equipment
ConstructionLoan $125,000.00
TIRZReimbursement $72,800.00
$197,800.00 ProfessionalFees
TotalSources $547,800.00 ArchitectFees
Engineering
Project
Uses Attorney/RealEstate
Purchase:LandandBuildings Consulting
BuildingAcquisition $350,000.00
Other
$0.00 $350,000.00 DeveloperFees
SiteWork DeveloperFees
On
site $0.00 General
Partner Offsite(steets,curbs,gutters) $0.00
$0.00
Rehabilitation/Construction InterimCosts
Replaceroof $36,000.00 ConstructionInterest
ReplaceHVAC/Ductwork $26,000.00 ConstructionLoanFee
InstallNewSingage $5,000.00 Insurance,Title
PaintExterior $4,500.00 Taxes
ReplaceWalkinroofunit $11,000.00
Resurfacefrontentrance $2,000.00
InstallGarageDoor/OutdoorCa $18,000.00 ProjectReserves
Refinishfloors $8,000.00 ReplacementReserves
Replacebathroomfixutresand $2,000.00 Other
Repairceiling $5,000.00
Installnewelectricalandlightin $8,000.00 TotalCapital/ConstructionCosts
Installnewcarpeting $2,000.00
Paintinterior $3,500.00 Inventory/PermanentWorkingCa
Contingency(10%) $13,100.00
FeesandPermits $1,500.00 TotalUses
$145,600.00
Interior
Exterior
TIRZ#3CONSTRUCTIONSOURCESANDUSESSTATEMENT
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ProjectTeam
Principals: ChristianBernardandAshleyBernard, SugarbakersBistroandBakery
Theprincipalshaveacombined30yearsofrestaurantownershipandmanagementexperienceranging
fromcorporateownedandfamilyownednationalfranchisestotheirmostrecentprojectasprincipalsof
theverysuccessfulSugarbakersBistroandBakeryrestaurantat2766SantaFeinCorpusChristi.
Theyhaveademonstratedabilitytorevitalizerestaurantsandincreasesales.SinceacquiringSugar
Bakersin2013theyhaveincreasedsalesmorethan50%inthefirsttwoyearsofoperationand
completed$40,000ofrenovations. Previoussuccessincludes:
LeadingJoesCrabShacklocatedontheLawrenceSt.THeadto4straightyearsofsalesgrowth,
growingsalesfrom$2.5to4million.
Participatingonmanagementteamopening5newnationalchainrestaurants.
Relocatingandsuccessfullyturningaround3underperformingtroubledrestaurants.
ProfessionalConsultants:
Architect
Nick
Gignac,
GignacAssociates
NickGignachasbeenadesignprofessionalandprojectmanagerwithGignacArchitectssince
2010. HeholdsaMasterofArchitectureandBachelorofScienceinConstructionSciencefromTexasA&
muniversity. NickhasworkedonhundredsofarchitecturalprojectsthroughouttheCorpusChristiarea
includingnumerousawardwinningprojects. NickhasalsobeeninvolvedintheCorpusChristi
Downtownrevitalizationeffortoverthepastyears,takingonmultipleroleswithvariousorganizations
includingtheCCDowntownManagementDistrict.
GeneralContractor
JoryHouseberg
OwnsandoperatesHousebergConstructionforover20years. Extensiveexperienceinthe
CoastalBendwithgroundupconstructionandremodelingcommercialandresidential
structures.
Utilizes
an
expansive
network
of
subcontractors
for
many
phases
of
construction
includingbutnotlimitedtoelectrical,doorandwindows,plumbing,flooringandfinishwork.
HousebergconstructionwastheGCfortheremodelcompletedin2015atSugarbakers. That
projectwascompletedasscheduledandonbudget.
Consultants
AaronOtten
AaronOttenisaformerbossofChristianduringemploymentatJoesCrabShackwith20plus
yearsofrestaurantmanaging. Hislastpositionintheindustrywasasdirectorofoperationsfor
thenorthwesrteritoryforIgniterestaurants. Heoversaw14restaurantsin5states. Christian
workedunderAaronfor4yearsin3statesat3differentrestaurants. Duringthattimethey
workedintheirrespectivepositionsturningaroundtroubledlocationswithinAaronsregion. A
strongworking
relationship
was
formed
during
those
years
and
has
continued
to
this
day.
His
adviceandreviewofhistoricaldocumentsaswellasthefuturebusinessplanregardingthe
acquisitionofSugarbakerswasindispensable. Heisgiventheopportunitytoreview
Sugarbakersannualperformanceandhiscommentsandsuggestionsaboutthoseresultsand
futureplansaregivensignificantweight. AaroncurrentlyholdsthepositionofSVPatElkhorn
ValleyBank&Trust. Hissuccessatthatpositionoverthelast4yearssinceleavingthe
restaurantindustrydemonstratesthatnotonlydoeshehaveasolidtrackrecordofmanaging
foodandbeveragerelatedbusiness butbusinessandfinanceasawhole.
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StephenRybak,MoreheadDottsRybak
Withover10yearsofexperienceintheadvertisingandcreativeworld,StephenRybakhasleadthe
development,directionandproductionofnumerousmassmediaadvertisingcampaigns.Hisbrand
experiencehasincludedCITGO,NavyArmyCreditCommunityUnion,USSLEXINGTON,CHIand
Biosilk.
Therecipientofmorethan200creativeawardsforhiseffortsacrossmultiplemedia,Stephensworkhas
beenrecognizedlocallyandinternationally.AwardsincludemultipleBestofShow,BestofTelevision,
BestofPrint,BestofRadioandBestofInteractiveAwardsfromtheAmericanAdvertisingFederations
AddyAwards.Hehasalsowon12TellyAwardsforhisworkinbroadcastand3DaveyAwardsfrom
theInternationalAcademyofVisualArts.
BornandraisedinCorpusChristi,Texas,andagraduateofTexasA&MUniversityCorpusChristiwitha
degreeinMarketing,StepheniscommittedtothefutureoftheCoastalBendRegionandsupports
anythingandeverythingthathasapositiveimpactonthecitysfuture.Stephenwasnamedoneof
CorpusChristis40under40in2009,acivicorganizationhonoringyoungprofessionalswhoexcelin
theircareerswhilecontributingtothecommunity.Heplaysanactiveroleinthecommunityregularly
servingon
numerous
boards
and
commissions.
Stephen
also
contributes
many
hours
of
pro
bono
marketingandadvertisingservicestocivicandcharitableorganizations.Heisacreativeproblemsolver
withadynamicpersonalityandcompetitivespirit.Hisrightbrainmeetsleftbrainthinkingmakehima
greatadditiontoanyendeavor.