Dallas City Council's Tuesday: $17.7 Million in Convention Center Power Vaults Leads the 9 A.M. Voting Agenda
The final agenda for today's 9 a.m. meeting adds four Oncor pre-orders for the Kay Bailey Hutchison Convention Center rebuild — and revises the loan behind South Dallas's Malcolm's Point retail project.
DALLAS — The City Council meets at 9 a.m. today, Tuesday, Nov. 10, for its voting agenda, and the largest late addition is electrical, not visible: item 37, added in the city's Nov. 4 final-agenda memorandum, authorizes four discretionary pre-order agreements with Oncor Electric Delivery, one for each of four power vaults (VC-726 through VC-729) serving Component One of the Kay Bailey Hutchison Convention Center Dallas Master Plan. Each agreement is capped at $4,429,084.57, for a total not to exceed $17,716,338.28, financed from the Convention Center Capital Construction Fund — long lead-time equipment, ordered ahead of the construction it will serve.
South Dallas is on the agenda too. Item 9 revises the South Dallas/Fair Park Opportunity Fund loan behind the Malcolm's Point Retail Project with Southfair Community Development Corporation: the amortization stretches from 25 to 30 years with an additional year of interest-only payments, the city subordinates its senior lien to the Texas Mezzanine Fund, and Southfair's minimum investment rises by $50,000, to $1,700,000 — with no cost consideration to the city, per the memorandum.
The rest of the final packet is the working city: a three-year sewer odor and corrosion control agreement totaling an estimated $10,108,200 for Dallas Water Utilities; an interlocal agreement with Dallas County, not to exceed $250,000, for elections-department help verifying four city petitions; and one deletion — the proposed $2,214,096.23 increase for the CBD Fair Park Link construction contract was pulled and will return on a future agenda. City offices close tomorrow, Wednesday, for Veterans Day.
