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			8.2.
Regular City Council Meeting
Meeting Date: 09/28/2021
Information
Agenda Item
Resolution - City Manager: Consider a resolution authorizing the Mayor, to execute a Grant Agreement and related documents, by and between the City of Lubbock and the CH Foundation, for receipt of Grant Funds for the construction of a Downtown Civic Park, located at 1301 Broadway.
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 includes 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 May 1, 2021, the City of Lubbock submitted an application for support of the Civic Park Project. On July 9, 2021, the City received notice that the CH Foundation voted to support the project at an 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 the CH Foundation no later than October 1, 2021.
Fiscal Impact
This grant is fully funded by the CH Foundation 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 CHF Grant Agreement - S Award Letter

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