Missouri City Central Shopping Center Redevelopment Project Overview
TIRZ 1 Meeting
7/10/2023
Missouri City Central Shopping Center
Missouri City Central Shopping Center
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Façade Improvements:
$ 433,000
Aluminum and Glass Storefront Improvements:
$ 150,000
Parking Lot Improvements:
$ 207,000
Parking Lot Lighting Improvements:
$ 35,000
Signage (Building and Pylon) Improvements:
$ 40,000
** Soft Costs (Façade and Parking Lot):
$ 80,000
Contingency 15%:
$ 141,750
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Total:
$1,086,750
Missouri City Central Shopping Center
Project Costs
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Theater Demo and Tenant Prep:
$ 255,150
New Roof:
$ 150,000
Sprinkler Retrofit:
$ 377,740
Storefront Allowances:
$ 25,000
Landscaping:
$ 15,000
Irrigation Improvements:
$ 10,000
Restaurant Pad Site (2):
Associated costs depends on pad site user
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Total:
$832,890
Missouri City Central Shopping Center
Project Costs Cont.
Missouri City Central Redevelopment Project Terms
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Reimbursement $750,000
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Developer requesting a 6 month extension of the project completion
day by six months to January 18, 2024.
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Upon completion of the project the developer must provide
summary of all eligible financial costs
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Financials will be reviewed by Certified Public Accountant
Summary of Missouri City Central Shopping Center redevelopment project costs, both eligible and ineligible, as well as terms for reimbursement and project completion extension request by the developer.
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Presentation Transcript
THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE 7/10/2023 TIRZ 1 Meeting By: Presenter
Missouri City Central Shopping Center THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE By: Presenter
Missouri City Central Shopping Center THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE By: Presenter
Missouri City Central Shopping Center Project Costs Summary of Eligible Project Cost Estimates* (REIMBURSABLE) Fa ade Improvements: Aluminum and Glass Storefront Improvements: Parking Lot Improvements: Parking Lot Lighting Improvements: Signage (Building and Pylon) Improvements: ** Soft Costs (Fa ade and Parking Lot): Contingency 15%: _____________________________________________________________ $ 433,000 $ 150,000 $ 207,000 THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE $ 35,000 $ 40,000 $ 80,000 $ 141,750 By: Presenter Total: $1,086,750
Missouri City Central Shopping Center Project Costs Cont. Summary of Ineligible Project Cost Estimates* (NOT REIMBURSABLE) Theater Demo and Tenant Prep: New Roof: Sprinkler Retrofit: Storefront Allowances: Landscaping: Irrigation Improvements: Restaurant Pad Site (2): $ 255,150 $ 150,000 $ 377,740 $ 25,000 THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE $ 15,000 $ 10,000 Associated costs depends on pad site user _________________________________________________________ Total: By: Presenter $832,890
Missouri City Central Redevelopment Project Terms Reimbursement $750,000 Developer requesting a 6 month extension of the project completion day by six months to January 18, 2024. Upon completion of the project the developer must provide summary of all eligible financial costs Financials will be reviewed by Certified Public Accountant THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE By: Presenter
THIS IS YOUR THIS IS YOUR PRESENTATION TITLE PRESENTATION TITLE Questions By: Presenter
