Item 4F Audiou �" - -ITY OF
SOUTHLAKE �
Forest Park Medical Center
Chapter 380 Agreement
Amendment Three
Background
• Original 380 agreement approved
November 6, 2007
• Amendments:
— One: August 4, 2009
— Two: January 5, 2010
• Primarily timing extensions
• Criteria for Hospital & MOB
separated w /different deadlines,
increased SF and construction costs
Item
Current
Amendment
Commence construction
December 31, 2010
This section reworded to split out
requirements for Hospital and MOB
(see next slide)
Substantial completion
December 31, 2012
White Chapel construction
December 31, 2011
June 30, 2014
Highland Street reconstruction
December 31, 2010
Section deleted, project completed
/water line
Reimbursements for SH 114
Credits prior to June 1,
Sections reworded to credit Ph I
water line and off -site sanitary
2013, balance FY 2013-
impact fees and require
sewer
1014 and FY 2014 -2015
reimbursements in following two
fiscal years (same requirements,
different wording)
Definition of "Building Permit"
Includes "demolition"
Exclude demolition to allow
demolition w/o triggering
deadlines
Naming
Require "Southlake" in
"Forest Park Medical Center at
title
Southlake" or similar with
Southlake in title
AMENDMENTS
Section 4.A.1 Changes
2011- 10 -20A
Hospital
(no garage reqd)
MOB
Combined
Current Agreement
Commencement Date
December 31, 2010
December 31, 2010
Substantial Completion Date
December 31, 2012
December 31, 2012
Minimum SF
80,000 SF
50,000 SF
Minimum Construction Cost
$23,000,000
$11,000,000
And any one of the following:
1. Minimum Construction Costs
$40,000,000
2. Minimum Construction Costs and Taxable
Value of Personal Property
$50,000,000
3. Minimum Taxable Value of Real Property
improvements and Personal Property
$50,000,000
Proposed
Hospital &
Parking Garage
MOB
Combined
Commencement Date
March 31, 2012
June 30, 2013
Substantial Completion Date
December 31, 2013
December 31, 2014
Minimum SF
130,000 SF
60,000 SF
Minimum Construction Cost
$42,500,000
$7,500,000
$50,000,000
And any one of the following:
1. Minimum Construction Costs and Taxable
Value of Personal Property
$46,500,000
$8,500,000
$55,000,000
2. Minimum Taxable Value of Real Property
improvements and Personal Property
AMENDMENTS
$46,500,000
$8,500,000
$55,000,000
The City of South lake provides municipal services that support the highest quality of life for our
residents and businesses. We do this by delivering outstandingvalue and
unrivaled quality in everything that we do.
C1 Achieve C2 Provide travel C3 Provide attractive _ C4 P
Attract and keep top -tier C5 Promote opportunities
highest standards within and unique spaces for I businessesto drive a for partnerships and
of safety and co City end region enjoyment of personal dynamic and sustainable I volunteer involvement
security interests economic environment
BI Achieve best- B2 Collaborate with B3 Enhance resident B4 Provide high B5 Improve
in-class status in select partners to quality of life and quality customer performance of B6 Optimize
all City disciplines implement service business sustainability service delivery and use of
y p solutions throughtourism operational technology
processes
Fl Adhere to financial F2 Invest to provide and F3 Achieve fiscal F4 Establish and
management principles maintain high quality public wellness standards maintain effective
and budget assets internal controls
Ll Ensure our people L2 Enhance L3 Attract, L4 Recognize LS Empower
understandthe leadership develop and and informed decision
and how they esto retain a skilled reward high making at all levels
ute to it sults workforce performers the organization
A
Staff recommends approval of
Resolution 11-049 as submitted.
1 7
i
SOUTHLAKE