Page |306  CITY OF FORT STOCKTON, TEXAS MINUTES OF: DATE OF MEETING: TIME OF MEETING: PLACE OF MEETING:  SPECIAL CITY COUNCIL & EDC 4-A & 4-B JOINT MEETINGIWORKSHOP  APRIL20, 2021 5:30P PM  121 WEST SECOND STREET FORT STOCKTON,TX79735  ROLL CALL WAS ANSWERED BY COUNCIL MEMBERS:  PRESENT: PAUL CASIAS, RUBEN FALCON, DARREN HODGES,JAMES WARNOCK,  PRESENT VIA VIDEO CONFERENCE: PAMPALILEO  OTHERS PRESENT: JOE CHRIS ALEXANDER, FRANK RODRIGUEZ, PUJA BOINPALLY, SAL SALAZAR, VISHAL CHOPRA, JOE ESPINO, HOLLY LAMBERT, HEATHER PASS, REMIE RAMOS, HOVEN RILEY, LAURA GONZALEZ, OLGA GONZALEZ, ROSS HARPER, DOUG MAY, KELLY FISHER, WAYNE FISHER, MARINA  CANTU MAYOR: CITY MANAGER: CITY SECRETARY: CITY ATTORNEY:  JOE CHRIS ALEXANDER FRANK RODRIGUEZ III MARINA. A. CANTU PUJA BOINPALLY  Mayor Alexander and Economic Development 4-A & 4-B Corporations Chairman Salazar called  the Special Meeting to order at 5:32 p.m. Mayor Alexander read the Mission Statement:  "The Mission of the City of Fort Stockton Municipal Government is to Promote & Value Public Confidence and Trust by the Accountable and Responsible Use of Community Resources; to Ensure Public Safety; Improve Public Services; Promote Local Recreation and Entertainment; and  Generate Economic Development." SPECIAL BUSINESS:  1. Discuss Options for Funding the Infrastructure and Rehabilitation of the Historic Property  known as the Springhirst Hotel.  Economic Development Corporation Director Ramos introduced Apogee Development Group and  iBuild Construction Owners Kelly Fisher and Wayne Fisher.  He noted their current projects:  Ginnala Plaza Medical Building    Page/307  Loveland, CO 8,400 sq. ft. Opening June 2021 Industrial Flex Space Fort Collins 30,400 sq. ft. Opening February 2022  295 Office Building 20K sq. ft. (LC Realtors) 95% complete Boise Office 3K sq. ft. (Dave Clark) 85% complete Bitter Suites Office Condos 45K sq. ft. (Chris Flaherty) 60% complete Hawthorn Suites Johns Town Addition, 47 rooms completed 2019 8241 Retail & Residential Suites completed March 2021  Economic Development Corporation Director Ramos displayed the Renderings &  Elevations plan for the Springhirst Hotel Project.  1st Floor Plan - Front desk, stairwell, elevator, private dining room and regular dining  room  2nd & 3rd Floor Plan - Hotel Rooms 5th Floor Plan - RoofTop Bar  4th] Floor Plan - Partial Floor Hotel Rooms and Fire Escape  The Management Company acquired to conduct their study as well as the operations is Meyer Jabara  Hotels.  Over 42 years experience  Operate 26 brands ofl hotels with over 4,300 rooms Management ranges from 38-508 hotel rooms Award winning food & beverage management  Project Cost: Total Fees Total Construction Total Opening Cost Total Cost:  Land/Building Acquisition $52,001.00  $270,512.00 $4,946,736.45 $468,712.00 $5,737,961.45  He explained the Economic Development 4-A Corporation approved assistance of $350,000.00 which would be used for water and sewer utilities, electric utilities, gas utilities, drainage, site improvements, telecommunications and internet. This project would require a minimum of 15 full-time position that Springhirst LLC must create. 4.6 million is the Minimum Capital Springhirst LLC must invest in Downtown Fort Stockton. It is 100% is recoverable if the project is sold within the first 60 months. He further explained the Economic Development 4-B Corporation approved assistance of $750,000.00 to be used for land, buildings equipment, facilities, expenditures, targeted infrastructure and mprovements found by the board of directors to promote new or expand business development. This  Monthly forgiveness is $3,000.00 for months 61-119.    Page 1308  project would require a minimum of 15 full-time position that Springhirst LLC must create. 4.6 million is the Minimum Capital Springhirst LLC must invest in Downtown Fort Stockton. It is 100% is recoverable if the project is sold within the first 60 months. Monthly forgiveness is $6,500.00 for  months 61-119. PROJECT Springhirst Classic Man The Old76 ECU-TEX Achterburg House Casa De Modas Centennial Lounge (AlbertValadez) Community' Theater  DOWNTOWN EDC PROJECTS  EDCFUNDS  TOTAL PROJECT %EDC $93,932.96 $75,000.00 $55,000.00 $200,000.00 $50,000.00 $400,000.00  SAROPAABSPARODAS $5,737,961.45  19 26 19 15 0 20 7 11  $24,000.00 $14,000.00 $8,000.00 $0.00 $10,000.00 $27,500.00  $250,000.00 $2,300,000.00  SPRINGHIRST VS. HOTEL OCCUPANCYTAXI PROJECTSCVB  PROJECT  ANNUALLY  10YEAR  DAYS PERDAY 365 $301.37 5 $7,000.00 313 $511.18 313 $245.37 2 $7,500.00 2 $7,500.00 3 $3,333.33 $7,500.00  Springhirst Restaurant & Roof Top Bar Big Bend Open Road Race Historical Contract Chamber of Commerce Contract Reunion Festival Main! Street Dance Pop Warner July 4th Fireworks  $110,000.00 $1,100,000.00 $35,000.00 $350,000.00 $160,000.00 $1,600,000.00 $76,800.00 $768,000.00 $15,000.00 $150,000.00 $15,000.00 $150,000.00 $10,000.00 $100,000.00 $15,000.00 $150,000.00  2. Discuss City Parks Signage Project and Overall City Branding and Signage.  PROPOSAL ONE: JUAN VASQUEZ METAL ART  7.5' 3D Metal Sign IH-10 and 385 Sign Additional Signage Historic Tour Signs Railroad Ave & 5th Sth & Hwy 285  $4,530.00 $1,231.00 $60.00 $4,530.00 $4,530.00  PROPOSAL TWO: FASTSIGNS 96X48 DiBond with Frame IH-10 and 385 Sign Additional Signage Historic Tour Signs Railroad Ave & 5th 5th & Hwy 285  $4,530.00 $401.73 $48.93 $1,459.71 $1,459.71    Page_/309  3. Adjourn.  Motion was made by Paul Casias, seconded by Darren Hodges, and carried unanimously to adjourn the Special Joint Meeting/Workshop at 6:37 p.m. James Warnock, Joe Chris Alexander, Pam There being no further business, Fort Stockton Economic Development 4-A & 4-B Corporations  Palileo, Paul Casias, Ruben Falcon, Darren Hodges voted aye.  Chairman Salazar adjourned the Special Joint Meeting/Workshop at 6:37 p.m.   Joe Chris Alexander, Mayor  ATTEST:  Marina A. Cantu,  Secretary City  mdbun