Res 2004-184 - Laserfiche WebLink

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I I I I IV. Hotel. Hammons would be obligated to construct, fixture and operate a ten-story, "upscale" hotel containing a minimum of two hundred fifty (250) rooms at the Project Site together with all ancillary facilities necessary or appropriate for the proper operation thereof and specifically including, but not limited to, a restaurant, day spa, recreational amenities and adequate on-site parking (collectively, the "Hotel"). The Hotel would be operated under either a Marriott Renaissance or Embassy Suites franchise and be designed with an architectural style appropriate to the Central Texas Hill Country setting of the Project Site. In addition, the Hotel would be required to be constructed and furnished in accordance with design and construction details and specifications set forth in the definitive agreements which would be consistent with design and construction standards typical for an upscale, hotel facility. The final design ofthe Hotel, and all design and construction details and specifications for same, would be subject to City approval. V. Conference Center. The City would be obligated to construct a Conference Center and related improvements, including parking areas and all furniture, fixtures and equipment necessary for the operation thereof (collectively, the "Conference Center") contiguous to the Hotel. Such Conference Center would include one (1) large ballroom sufficient to lawfully accommodate 1,000 people for a banquet-style event and additional smaller meeting rooms of a number which would be specified by the parties in the definitive agreements. The Conference Center would be constructed by the City using the design-build contracting procedures authorized under Texas law. The City's obligation to construct the Conference Center would be subject to and conditioned upon (i) the land upon which the Conference Center would be constructed (said land and related adjacent land being herein called the "Conference Center Site") being donated to the City on terms acceptable to the City; and (ii) the City obtaining all requisite governmental approvals necessary to construct the Conference Center. The City would only be responsible for the first $15,000,000.00 of costs incurred in connection with the design, construction and fixturing of the Conference Center if the design-build contractor is acceptable to Hammons in his reasonable discretion. Hammons would pay all costs in excess of $15,000,000.00 incurred in connection with the design, construction and fixturing of the Conference Center if the design-build contractor is acceptable to Hammons in his reasonable discretion. The donation of the Conference Center Site would be made in compliance with all applicable laws and would be on terms reasonably acceptable to the City and would be further conditioned on the City satisfying itself that no environmental concerns exist with any of the Conference Center Site. The Conference Center Site would have to have legal access to a public road sufficient to accommodate the vehicular traffic expected to be generated by the Conference Center. Hammons would be obligated to comply with the City's master plan and subdivision requirements with respect to the Project Site including, without limitation, platting the Conference Center Site and the Hotel site as separate legal lots prior to the conveyance of the Conference Center Site to the City. Hammons would be obligated to transfer good and indefeasible title to the Conference Center Site to the City free and clear of all liens and encumbrances other than those acceptable to the City. Hammons would also be obligated to purchase an Owner's Policy of Title Insurance on the Conference Center Site for the City in the 3 69311413