From
Lee Harriss
Title
Resolution Approving Ratification of Capital Expenditure Funds for Improvements (Freight Elevator Repair and Replacement of All Credit Card Pin Pads) at Lone Star Park
Presenter
Greg Giessner
Kent Slabotsky, Vice President of Operations
Recommended Action
Approve
Analysis
At the August 10, 2020 board meeting, the board approved up to $1,231,237 of CAP EX projects from the FY21 CAP EX funds for capital projects. This project request is for a freight elevator repair and replacement of all credit card pin pads. The total project cost estimate is $98,664 with the Grand Prairie Sports Corp share being $49,332.07. In addition, they are cancelling seven projects. Original estimate $718,000; Lone Star would like to use funds from the previously approved CAP EX projects.
The Sports Corporation has approved a total of $1,231,237 for capital improvements at Lone Star Park. The funds were approved as part of the fiscal year budgets, which have the following remaining amounts:
FY18 $500,000 approved, $500,000 spent, $0 remaining
FY19 $500,000 approved, $500,000 spent, $0 remaining
FY20 $500,000 approved, $32,452.18 spent, $467,547.82 remaining
FY21 $500,000 approved, $0 spent, $500,000 remaining
Below is the project description submitted by Lone Star for the board to consider for the joint CAP EX program.
Approved but Cancelled Projects: Totals $718k for 2020
1. Bar & Book Suite 2 TV Upgrade/Replacement
2. Carrel TV Replacement, Continued
3. Keating Fryers - 2
4. Master Development
5. Security Control Dispatch Remodel
6. Server Upgrade for Security
7. Barn Surveillance
Approved Projects that are Pending Completion:
1. Modern Turf Rail - Will be completed in September, submitted for reimbursement by October 31st.
2. Remodel Suites - Will be completed in September, just waiting on 6 pieces of furniture and the final walk through. These will also be submitted by October 31st for reimbursement.
3. Dorms, Landscaping and Beautif...
Click here for full text