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7.34.
Regular City Council Meeting
Meeting Date:
08/24/2021
Information
Agenda Item
Resolution - City Manager:
Consider a resolution authorizing the Mayor of the City of Lubbock to execute a Grant Agreement, and related documents, by and between the City of Lubbock and the Helen Jones Foundation, Inc., for the receipt of Grant Funds for the construction of a Downtown Civic Park.
Item Summary
On June 9, 2020, the City Council approved Resolution No. 2020-R0187 to approve and adopt the Updated Downtown Master Plan, as recommended by the Central Business District Tax Increment Financing Reinvestment Zone (CBD TIF) Board of Directors. The plan included many recommendations for downtown redevelopment. Green space is a key component in the City's plan for downtown redevelopment, and one of the recommendations is for a large, centralized Civic Park on Broadway at the former Lubbock Power & Light location. This park will serve as a multi-functional "living room" for all of Lubbock, filling a great need for an iconic and vibrant hub of activity in the heart of Downtown.
On April 14, 2021, the City of Lubbock submitted an application for support of the Civic Park project. On July 15, 2021, we received notice that Helen Jones Foundation, Inc. voted to support the project in the amount of $500,000. The grant will be paid in January of 2022, and must be used for park construction no later than December 31, 2022.
Acceptance of the grant must be submitted to Helen Jones Foundation, Inc. no later than September 1, 2021.
Fiscal Impact
This $500,000 grant is fully funded by Helen Jones Foundation, Inc. and therefore, does not require a local match. Acceptance of this grant will result in no additional cost to the City of Lubbock.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Attachments
Resolution
Signed Acceptance Letter
Helen_Jones_Foundation_Letter_Final (1)
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