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HomeMy WebLinkAboutPR 24259: LEASE AGREEMENT WITH TEXAS AND PLEASURE LUXE, LLC (PREVIOUSLY KNOWN AS SELIM KIRALP, LLC) REGARDING PLEASURE ISLAND BUILDINGS A AND B P.R. NO. 24259 04/07/2025 RPC RESOLUTION NO. A RESOLUTION OF THE CITY OF PORT ARTHUR,TEXAS TO ENTER INTO A COMMERCIAL LEASE AGREEMENT BETWEEN THE CITY OF PORT ARTHUR, TEXAS AND PLEASURE LUXE,LLC PREVIOUSLY KNOWN AS SELIM KIRALP, LLC FOR 1.568 ACRES OF LAND OUT OF THE CITY OF PORT ARTHUR SURVEY ABSTRACT No. 931, JEFFERSON COUNTY, TEXAS, COMMONLY REFERRED TO AS PLEASURE ISLAND,BUILDING A;AND A 0.2070 ACRE OF LAND OUT OF THE CITY OF PORT ARTHUR SURVEY ABSTRACT 931, JEFFERSON COUNTY, TEXAS, COMMONLY REFERRED TO AS PLEASURE ISLAND,BUILDING B FOR THE PREPARATION,SALE AND SERVICE OF FOOD; SALE AND SERVICE OF ALCOHOLIC BEVERAGES; HOSTING OF EVENTS; ANCILLARY RETAIL OF SOFT GOODS AND MERCHANDISE;THE BOOKING, HOSTING AND/OR RENTING OF WATERCRAFT; AND OTHER COMMERCIALLY REASONABLE AND LAWFUL BUSINESS TO CELEBRATE PLEASURE ISLAND,ITS PEOPLE,AND ITS CULTURE WHEREAS,the City of Port Arthur,Texas,is a home-rule municipality and is a"Council-Manager" form of government in the State of Texas; and WHEREAS,on February 3,2024,and February 10,2024,the City advertised Requests for Proposals ("RFP")to lease two buildings inside the gated Pleasure Island Marina, commonly referred to as Buildings A&B("Premises").See Exhibit 1.On February 28,2024,the City received 2 proposals. WHEREAS,the Premises is a 1.568 acres of land out of the City of Port Arthur Survey Abstract No. 931, Jefferson County, Texas, commonly referred to as Pleasure Island, Building A; and a 0.2070 acre of land out of the City of Port Arthur Survey Abstract 931,Jefferson County,Texas,commonly referred to as Pleasure Island, Building B. WHEREAS, Selim Kiralp, LLC submitted a proposal to lease the Premises for the preparation, sale and service of food;sale and service of alcoholic beverages;hosting of events,ancillary retail of soft goods and merchandise;the booking,hosting and/or renting of watercraft;and other commercially reasonable and lawful business to celebrate Pleasure Island, its people, and its culture("Project"). See Exhibit 2 WHEREAS,on May 7,2024, and pursuant to Resolution No. 24-216,the City Council awarded the RFP to Selim Kiralp, LLC.See Exhibit 3; and Resolution No. Page 1 WHEREAS, City Council instructed City Manager and the City Attorney to negotiate a lease agreement for an under 40 year term with Selim Kiralp,LLC,now known as Pleasure Luxe,LLC for the Project on the Premises under certain terms and conditions; and WHEREAS, City Council finds that this commercial lease promotes economic development, stimulates business and commercial activities and further finds that its in the best interest of the City. Now THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR,TEXAS: SECTION 1. The facts and above-recitals in the preamble are true and correct. SECTION 2. That the Mayor and City Manager are authorized to enter into a lease agreement with a term less than 40 years with Pleasure Luxe, LLC, previously known as Selim Kiralp, LLC in substantially the same form attached hereto as Exhibit 4. SECTION 3. That a copy of the caption of this Resolution shall be spread upon the Minutes of the City Council. READ,ADOPTED AND APPROVED,this 8th day of April,2025 AD,at a Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES: Mayor: Councilmembers: NOES: CITY OF PORT ARTHUR, TEXAS Thurman"Bill"Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APRROVED AS TO FORM: Roxann Pais Cotroneo, City Attorney Resolution No. Page 2 EXHIBIT 1 REQUEST FOR BIDS LEASING TWO BUILDINGS INSIDE THE GATED PLEASURE ISLAND MARINA CITY OF PORT ARTHUR Request for Bids Leasing Two Buildings Inside the Gated Pleasure Island Marina February 3, 2024 February 10, 2024 PUBLIC NOTICE CITY OF PORT ARTHUR,TEXAS REQUEST FOR PROPOSALS OTICE IS HEREBY GIVEN THAT sealed Proposals,addressed to the City of Port Arthur,will be aceived at the Office of the City Secretary, City Hall 444-4th Street or P. O. Box 1089, Port ,rthur,Texas 77641 no later than 3:00 P.M.,Wednesday,February 28,2024 and all bids received rill thereafter be opened and read aloud on Wednesday,February 28,2024 at 3:15 P.M.in the City ;ouncil Chambers,5th Floor,City Hall,Port Arthur.Texas for certain services briefly described as: LEASING TWO BUILDINGS INSIDE THE GATED PLEASURE ISLAND MARINA. 'roposals received after closing time wilt be returned unopened. ;opies of the Specifications and other Contract Documents will be available on file in the Purchasing, )ffice.444-4th Street,City of Port Arthur,and are open for public inspection without charge.They can riso be retrieved from the City's website at www.portarthurtx.govlbids.aspx or www.publicpurehase. :om. Ihe City of Port Arthur reserves the right to reject any and all bids and to waive informalities. er Chapter 2 Article VI Sec. 2-262(C)of the City's Code of Ordinance, the City Council shall not award a contract to a company that is in arrears in its obligations to the City. L PUBLIC NOTICE Clifton CITY OF PORT ARTHUR,TEXAS Purchasing Manager REQUEST FOR PROPOSALS NOTICE IS HEREBY GIVEN THAT sealed Proposals,addressed to the City of Port Arthur,will t received at the Office of the City Secretary, City Hall 444-4th Street or P. O. Box 1089, Po Arthur,Texas 77641 no later than 3:00 P.M.,Wednesday,February 28,2024 and all bids receive will thereafter be opened and read aloud on Wednesday,February 28,2024 at 3:15 P.M.in the Ci' Council Chambers,5th Floor,City Hall,Port Arthur,Texas for certain services briefly described as LEASING TWO BUILDINGS INSIDE THE • GATED PLEASURE ISLAND MARINA. Proposals received after closing time will be returned unopened. Copies of the Specifications and other Contract Documents will be available on file in the Purchasin Office,444-4th Street.City of Port Arthur,and are open for public inspection without charge.They ca also be retrieved from the City's website at www.portarthurtx.gov/bids.aspx or www.publicpurchas€ corn. The City of Port Arthur reserves the right to reject any and all bids and to waive informalitie: Per Chapter 2 Article VI Sec. 2-262(C)of the City's Code of Ordinance, the City Council shall nc award a contract to a company that is in arrears in its obligations to the City. i Clifton Williams Purchasing Manager EXHIBIT 2 RFP FROM SELIM KIRALP, LLC 1 Selim Kiralp LLC RFP P24-026 2 Table of Contents: Cover Letter 3 Experience 4 Project Concept 12 Financial Status 23 Qualifications 28 Documents ?,) 3 February 28th 2024, CITY OF PORT ARTHUR CITY SECRETARY 444 4TH STREET, 4th Floor PORT ARTHUR, TEXAS 77640 To Whom it May Concern: As the sole member and manager of Selim Kiralp, LLC, please allow me to convey my appreciation for allowing us an opportunity to deliver a bid for this RFP to lease the 2 buildings inside the marina. The response to this RFP is extremely important as I previously identified the area as ripe for economic development. I hope that the attached response gives you a glance into our potential vision for the two buildings. However, it is my true intention that Selim Kiralp, LLC and the City form a partnership that will change the face of the Pleasure Island Marina. I believe that I am uniquely qualified to bring this vision to the two buildings in the marina. I have run successful businesses in three different countries, including building and operating seven profitable hotels in Istanbul, Turkey. Our group is also in negotiations with the city for a future waterpark development. I intend to bring the lessons I learned from my international businesses coupled with the financial stability and reputation of Selim Kiralp, LLC, here in the United States, to bring a well-researched and respectable product to the City. Moreover, Selim Kiralp, LLC will give the City the personal attention and communication needed to put the city at ease that we are the right ones for the lease of the two buildings. As the member-manager of Selim Kiralp, LLC, I am intimately involved in all aspects of our deals from market research to construction and operation. The importance of our setup is that the City will always have a direct line of communication to the owner of the company. This is to reflect the importance of our relationship with the City and to ensure the best product through constant communication. My hope is that the City will equally show its commitment by partnering with Selim Kiralp, LLC to create the necessary infrastructure that will support this development and potentially further financial growth. Again, I truly look forward to working with the City and invite you to contact me should you have any questions whatsoever regarding our RFP or anything that I can help clarify. Sincerely, Selim Kiralp 4 A.) EXPERIENCE Our team at Selim Kiralp LLC, has extensive and diverse experience in regards to recreational projects both within the US and internationally. These projects include but are not limited to: • Rixos Hotel and Land of Legends Water and Theme Park • Besiktas Vodafone Stadium • Luxury boutique hotels • Novotel Diyarbakir hotels • Buono Food & Beverage • Sultan Franchise • Doubletree • Hilton Garden Inn • Movenpick Golden Horn hotel • Hampton by Hilton Attached below are our members' detailed resumes regarding their education, experience, and project accomplishments. 1025 Damsel Caroline Dr. Selini X B . K i ra I p (49 69ew)88447, 5175056 7-04 EXPERIENCE selimkiralp@selimkiralp.com SKILLS Commercial Real Estate Development. Selim KiraIp LLC Investments,USA—Owner& Manager Investing in the right locations at the right time. 2018-PRESENT Business Development.Investment Management.Risk Real Estate investments and developments holding company. Management. Wealth Management. SBK Real Estate Investments LTD, Turkey—Owner &Manager Understanding Global Economics and Managing Investments in Today's Economy. 2013-PRESENT Real Estate Investments and developments holding AWARDS Si CERTIFICATES company,Property and hotel management. OTA Core Strategy investor Buono Co.,LTD,S.Korea—Owner&Manager 2008-2013 OTA Proactive Investor Frozen food manufacturing,franchising,import and export. OTA Professional futures and forex analyzer Malatya Businessman Association Investor of the EDUCATION year KOIMA Import Export relations between Korea&Turkey Hanyang University,S. Korea— Undergrad. 2007-2009 Plano Police Department Citizens Police Academy Electrical engineering LANGUAGES Silla University,S.Korea— Undergrad&Language Certification 2004-2007 Turkish,Korean,English Korean Language and Auto and Electrical engineering PROJECTS Real Estate Developments&Investments—Hotels, Apartments,Dices Investing in real estate and construction of hotels, apartments,retail spaces and offices. Re-building historical buildings and preserving the nature of history Frozen Food—Manufacturing Franchising,& Delivery Construction and engineering of a frozen food factory.Manufacturing frozen food.Franchising restaurants REAL ESTATE SKILLS & EXPERIENCES Skills Commei—ial real estate de`reiopment Project management Project planning Incorporating latest technology into new generation buildings Cost effective developments Project risk management Project coordination,quality control&estimation Right Developments in the right locations&time LLC Seleme Owner&General Contractor Experiences / 2018-PRESENT USA Projection of Waco Robinson RV Resort SBK Real Estate Investments LTD/Developer&General Contractor 2013 - PRESENT.Turkey Hotel developments and constr Boutique hotel developments and construction • Luxury and historically protected apartments construction Dice building construction Retail shops and warehouse construction Historicail� pro''=::?' mans!;?'; redeb '.apment Buono F&B Co.,LTD./Owner&General Contractor S . ea -de, _- _ =.it an_x construction Restaurant an i.;,ise developments and constr uLtions Awards = 5 _ - -Istanbul cei _ate of a,eL prnt„_tlol:Ol i-ist., .al Best,.�. r,_:stet 3 Aziz OZYI LMAZ Civil Engineer I am a graduate of Yildiz Technical University Civil Engineering,one of the leading universities in • Turkey.I have a 20 years experience in Construction,Design.Project Management and Real Estate Development. Experience Contact • 2012-2020 COLLIERS INTERNATIONAL-PROJECT MANAGEMENT SERVICES Phone TURKEY 315-334-3878 MANAGING PARTNER Email By establishing POYA Project Management company in September 2012, I started to azizozyilmaz@gmail.com provide project management and consultancy services.especially in hotel projects.As a project management company specializing in hotel investments, in which all design, Address engineering and construction disciplines are under our control,in many hotel projects 11700 Lebanon Road Unit 625 with more than 15 international brands(Hilton,Intercontinental,Accor,Movenpick etc...) Including all the services mentioned above,me also provided special services between the Frisco TX 75035 investor and the Brand. Signing the Management or Franchise Agreement. Education Feasibility Studies, Preparation and Management of Investment Budgets. 2004 Together with my team. we successfully carried out the preparation and foiioveup of design works and construction works in line with brand standards. Yildiz Technical University ISTANBUL/TURKEY POYA Project Management company started to take part in many projects in a short time. We wanted to continue our Project Management services with an international brand.In Civil Engineering 2013.we established a partnership with the Turkey Office of the Colliers International brand,which has been a Real Estate Consultant in Turkey for many years.Our project management services continued under this brand name until the end of 2020, by changing the name of the Poya protect management company to Colliers International Expertise Turkey Project Management Services. As Colliers International Prefect Management Services, we also carried out the • Project Management supervision of construction investments(Hotel Project,Office and Commercial Buildings, Football Stadiums Private Water Theme Park Projects, building purchases of private • Design Managament • institutions)on behalf of banks.which many banks lend. • Construction 2015-2022 • Budget and Cost Control POYA CONSTRUCTION CO. -Istanbul/TURKEY • Architectural and Interior Design OWNER January 2015.b established Poya Construction company to make turnkey construction of • Real Estate Investment residential and hotel ro ects. Thus while providin g j only project management services under the Colliers brand in some projects, we continued to do the design and construction works on a turnkey basis with the Poya company in some projects. Language 2013-2020 POYA PROJECT DESIGN CO.- Istanbul /TURKEY English Turkish OWNER I founded Poya Project Design company in 2013,based on my interest in architecture and interior architecture.In the following years,we took part in many projects as a company specialized in hotel,residence,commercial,office and interior architecture.in which more than 15 architects took charge. 4 Aziz OZYILMAZ Civil Engineer Experience 2007-2012 AMPLIO REAL ESTATE INVESTMENT CO. / Istanbul - TURKEY Contact DIRECTOR of PROJECT&DESIGN I started to work for Amp Hotel Investments in 2007,a German investment company Phone wanted to open an office is Turkey to invest in focus service hotel projects.I took part in 315 334 3878 the establishment of the Turkey office of Amolio Special strategic partnership agreement was signed between Amplip and the Hilton brand to build more than 20 Hilton Garden Inn Email and Hampton by Hilton branded hotels in Turkey. With such a big deal. I added experience in real estate development and especially in hotel investments to my azizozyiimaz@gmaiLcom engineering and construction experience.Making the feasibility of the right hotel project and calculating the construction costs of the project according to this feasibility.as well Address as obtaining all necessary permits and managing ail construction and design processes 11700 Lebanon Road Unit 625 were among my duties and responsibilities.After the company s decision not to make new Frisco TX 75035 hotel investments in Turkey 'left the company by mutual agreement to establish my own construction and consultancy company in May 2012 Education 2006-200 MTG ENGINEERING CO. /Istanbul-TURKEY 2004 PLANNING MANAGER MTG is main contractor of the Project of Chevron named Industrial Base-Maintenance Yiidil Technical University Operation Area in Kazakhstan.To work as a planning manager at the design Office. ISTANBUL/TURKEY Edit and update the work schedule.prepare and update design progress reports of the Civil Engineering design projects Prepare and report quantity surveys of the projects and to check static projects made by subcontractor companies.according to the standards of the contract O before being presented to the experts. Expertise O 2005- 2006 URAN CONSTRUCTION INDUSTRY CO /Istanbul-TURKEY • Project Management I TECHNICAL OFFICE RESPONSIBLE&SITE MANAGER ASIST. • Design Managament Uran is the.Architect and Project Management Company of Birgi-Mefar Pharma Factory Construction in Kurtkcy-ISTA\BU-, • Construction To.nork as a techricai office responsible.draw shop drawings and updated architectural projects of BirgiMefar Pharma Company's factory!wilding. Budget and Cost Control To work as a site mar ager assistant,controller of the sup contractors,prepare and report • quantity sur,evs and cost analysis of the protects edit and update the work schedule and • Architectural and Interior Design report progress statements • Real Estate Investment Language Reference English Alaeddin BABAOGLU Kerim CIN Turkish CEO Owner Amplio Real Estate'n,eStMentS Colliers international Turkey Phone: -q.;93;953 c.j= Phone -90 532 321 2655 Email: abaoacg;::.3ar-u; Email: . <r.�r•tin$co!Ners.com it 2 5 Aziz OZYILMAZ Civil Engineer COMPLETED PROJECTS - COLLIERS INT. PROJECT MANAGEMENT � ;. i;• : RIXOS HOTEL GROUP- LAND OF LEGENDS WATER&THEME PARK VW -e.--i;, COLLIERS INTERNATIONAL PM SERVICES-TURKEY 1�11;- I-;, Y Project Investment Valuation&Cost Control Services iik,,, ;=r x 639.000m2 Entertainment Complex ,r `,, 17.000 m2 Hotel, 196,000 m2 Shopping Center, 146.000 m2 "` Life Park. 280.000 m2 72 Water Slide Park ,...-y, .` ` Investment Cost ; 600 Million Dolar The Water&Theme Park project was carried out with the a '*z r ' : project loan given by a consortium of 4 banks in Turkey. As • :; Colliers, representing these banks; e P g _ VII Preparation of Project Investment Evaluation Report, x4. .:a . , 1 Preparing the construction progress report on a monthly basis, -rt.,. r3:.X . fr-At "''~`" " nirsrorw�--4_• Within the scope of the consultancy service, tracking the �J. f s expenditures, tracking the progress payments according to the L construction progress and releasing the loan used accordingly ,;,:.. - .,, BESIKTAS FC - Besiktas Vodafone Arena Football Stadium Project F,4 COLLIERS INTERNATIONAL PM SERVICES-TURKEY =` � ' 4, Project Investment Valuation&Cost Control Services = �; Total Audience Capacity : 42,590 - Investment Cost; 110 Million Dolar ' '� The stadium renovation project was carried out with the ;Ji project loan given by a consortium of 3 banks in Turkey. As # _ � _. =w=7 Colliers, representing these banks; ""`""""' ., Preparation of Project Investment Evaluation Report, Preparing the construction progress report on a monthly basis, ,fi M.r Within the scope of the consultancy service, tracking the x , � � expenditures, tracking the progress payments according to the construction progress and releasing the loan used accordingly 3 , 6 Aziz OZYILMAZ Civil Engineer COMPLETED PROJECTS -COLLIERS INT. PROJECT MANAGEMENT ALLIANZ HEAD QUARTER OFFICE i Istanbul - TURKEY 1 COLLIERS INTERNATIONAL PM SERVICES-TURKEY JIf Initial&Final Technical Due Dilligence z. ,:. 45.000 m2 Office Building. Height : 185 m a. '_,tg 1' l „ s' k j {T !q_` LEED Platinium Certificate 1=l,11- ?r ; _. The building constructed by Ronesans Gayrimenkul was purchased by Allianz for the Allianz Turkey headquarters �>�I it -."�"t ,, building. As Colliers; all engineering and initial & final technical �� -" 1i-; r' due dilligence of the building were made. Compliance with ,; 01 lv¢f_ Allianz standards and negative conditions were determined. �.i d• 1 lt- 7' The report we prepared was used during the purchasing process. DOUBLE TREE BY HILTON ,,. - MOVENPICK GOLDEN HORN ar `Fj'L ALSANCAK IZMIR- TURKEY ` ISTANBUL 1 COLLIERS INT.PM SERVICES fil.r,T,, iu...2t : COLLIERS INT,PM SERVICES i i I i p I i i 12.000 m2 Construction Area �'i;;; '! t:e:I N Y ; 12.000 m2 Construction Area '! $ $ - 126 Guest Room ►.";-' i"..i f „ -..I;, ., 136 Guest Room ii i ; I .. - Investment Cost• 26 Million 1 ` x- `` i; I,- Investment Cost:28 Million $ k,` HILTON GARDEN INN BAYRAKLI HILTON GARDEN INN -i i IZMIR-TURKEY ,;aiitlg!G si BEYLIKDUZU ISTANBUL-TURKEY COLLIERS INT.PM SERVICES 1, c Ff. COLLIERS INT.PM SERVICES ,„- j: i t.b-, ` 16.000 m2 Construction Area 'tlytt ti �;� , t. 15.000 m2 Construction Area • •` 197 Guest Room '• l• , 144 Guest Room �b"1i A b Aga Investment Cost: 40 Million 5 p „,. _ h Investment Cost:25 Million$ NOVOTEL DIYARBAKIR TURKEY HOLIDAY INN DIYARBAKIR i COLLIERS INT.PM SERVICES Li-- -1 • TURKEY a - s it-0— J!'i - z"�m 17.000 m2 Construction Area t `!31 COLLIERS INT. FEASIBILITY and i� 171 Guest Room It tig F. FRANCHISE AGREEMENT r-',. -1 ire d-mod s -^- Investment Cost: 36 Million S • -- , 10.000 m2 Construction Area $' >tl •Aik;i.'-' • ^4'.,.."'- 171 Guest Room 4 7 Aziz OZYILMAZ Civil Engineer r ,s` 9'ws ;' HAMPTON BY HILTON BATMAN HAMPTON BY HILTON K MARAS i;re _ TURKEY COLLIERS INT.PM SERVICES Prot'`, a ,:;� COLLIERS INT. PM FEASIBILITY �/ 6.000 m2 Construction Area r' a -` and FRANCHISE AGREEMENT s ;�`� 79 Guest Room =< 8.000 m2 Construction Area n" *. ". rr Investment Cost: 11 Million$ _- 115 Guest Room ry COMPLETED PROJECTS - POYA PROJECT DESIGN CO. z n.,: 41 T t NOVOTEL DIYARBAKIR fit; POYA PROJECT DESIGN CO. , "` Interior Design of the Project t . . b S;' • .g; C Pr'•_ � HILTON GARDEN INN ADIYAMAN �` 4se, eg, T,s '. +++''' POYA PROJECT DESIGN CO. "",S Architectural&Interior Design f' . a. ! (sf 1 _ � r 1 5 i i 8 Aziz OZYILMAZ Civil Engineer COMPLETED PROJECTS — POYA PROJECT DESIGN CO. + ",• r RADISSON BLU DIYARBAKIR a t~` 4 POYA PROJECT DESIGN CO. '� •• ,f Architectural&Interior Design if'k� ri C`� HOUSE PROJECT t i+ y ` `- POYA PROJECT DESIGN CO. .$ 1,,, tk: Architectural Design ' ' i - 1. : ,(if _ t HOTEL PROJECT ;- i ` r.i i , „ POYA PROJECT DESIGN CO. I _, fd' Architectural&Interior Design ' _ • COMPLETED PROJECTS — POYA CONSTRUCTION CO. TRENDIST ATASEHIR ISTANBUL "-7 .. }" " ?4 t ,1 yy HILTON GARDEN INN AdiYAMAN '' o TURKEY ,:+ POYA CONSTRUCTION CO. t >; POYA CONSTRUCTION CO. t Turnkey Construction 4, , Turnkey Finishing Works r Contract Price : 18 Million$ Contract Price: 1_7 Million $ Ma>r<. 6 9 R E/MAX COMMERCIAL' Bilal Asmar Realtor I am a well known agent in the industry&regularly work with the Vice Presidents of most leading commercial real • estate companies in Texas. I have been a Commercial& Residential real estate investor for 30 years.I have previously managed,owned,&operated many retail businesses for over 30 years. I use the internet to optimize exposure for my listings and approach all of my leads personally as well as AWARDS generate new leads. RE/MAX's#1 Commercial Agent in Texas 2022 ( Bilaf.asmar@gmail.com 0 (469)777-2449 Inducted into the RE/MAX Hall 9Pallas,TX hi of Fame;1st Quarter 2022 RE/MAX's#1 Commissions Earned;1st Quarter 2022 - WORK EXPERIENCE RE/MAX's#1 Team Commissions Earned;2nd Quarter 2022 re Realtor Won CoStar's Best of the Best RE/MAX Broker 2020&2021 03/2014—Present CoStar's ranked#1 in • Successfully conduct retail sales, acquisitions, and Commercial Leasing in DFW leasing; 2021 • Office sales, acquisitions, and leasing; Costar's ranked#3 in • Multi family sales,acquisitions,and leasing; Commercial Leasing in DFW • Industrial sales,acquisitions, and leasing; 2020 • Commercial auction properties; • Land sales& acquisitions RE/MAX's#1 Commissions Earned;1st Quarter 2021 RE/MAX's#1 Commercial Individual Dallas Council;2nd, 3rd,&4th Quarter 2020 Or) SKILLS RE/MAX'S#1 Commercial 0 • Customer Service Individual Dallas Council;3rd • Investment Properties Quarter 2019 • Strategic Planning • Commercial Real Estate • Contract Negotiation 2 CERTIFICATIONS • Risk Assessment • Investment Flips Commercial Real Estate • Land Development Champions School of Real Estate L Certified Home Marketing Specialist Champions Rea)Estate Group E D U CAT I O N i Champions School of Real Estate 0 LANGUAGES • Commercial Real Estate • Real Estate Investing • Property Management English • Spanish Certified Home Marketing Specialist NYU Schack Institute of Real Estate 10 Jinkook Yang +82 10 4267 3345 • realnation@naver.com • Seoul,Republic Of Korea Summary Resourceful Architect adeptly integrates various environmental approaches to maintain large-scale commercial projects.Knowledgeable understanding of AEC environments more than 30 years to promote more sustainable design and construction practices.Resourceful knowledge of considerations governing planning,creation and inspection aspects to meet government mandates. Skills • QA and QC Processes • Site Planning and Design Expert • Schematic Design • Construction Estimation • Construction Methodology • Project Planning Experience 01/2013-Current Director of Architecture,Sumin Construction Co.,Ltd.,Seoul,Republic Of Korea 06/2001-12/2004 Design Team Leader,Samsung C&T Corporation,Seoul,Republic Of Korea 03/1991-05/2001 Construction Management Team Leader,Hanjin Engineering&Construction Co,Seoul,Republic Of Korea 03/1981-12/1991 Architect,Shinhan Architects&Engineers Co.,Ltd.,Seoul,Republic Of Korea Education And 02/1981 TrainingBachelor Of Science,Department of Architecture Seoul National Univ Of Science And Technology,Seoul,Republic of Korea Major Projects 1.Airport Facilities -Incheon International Airport Phase 1 and 2(Passenger Terminal 1 and Ancillary Buildings, Concourse)Design -Incheon International Airport Hyatt Regency Hotel Design 2.Military Facilities -Republic of Korea Air Force No.7703-96-Z maintenance depot and auxiliary facilities design -Goesan Military School Samsung Consortium(127 buildings)design 3.Medical Facilities 11 -Inha University Affiliated Hospital Design -Hangang Sungsim Hospital Senior Health Medical Center Design 4.Educational Facilities -Korea Aerospace University Susaek Campus Main Building,Student Union and Engineering- Science Building Design -Inha Technical University Lectural Building Design 12 B.) PROJECT APPROACH 1. Describe in detail any additional activities that are planned for the two buildings. Music and Arts Events: • Music appreciation nights playing different genres of music on different nights; jazz, classical, hip hop, pop, R&B etc, • Live music events, addition of stage for music and dancing • Live DJ nights • Host poetry competitions for youth, juniors, and adults • Waterfront painting classes and youth events Family and Community events: • Mother's Day brunch • Father's Day dinner • Daddy and daughter night out and dance • Grandparents day brunch • Seniors day lunch • Teachers day lunch • Police appreciate lunch • City employee appreciation brunch • Movie nights (screen on water) • Ice cream/snow cone trucks at events for kids Adult only events: • Hookah lounge or hookah nights • Cigar night • Wine tasting events • Ladies night out • Men's night out Sports Nights • All you can eat wings for major game nights (Super bowl, world cup, etc) • Host car and motorcycles shows Other: • Cost of events will be based on sign up costs and membership fees Above are proposed ideas for the lease of the two buildings inside the marina. The final project may include adjustments and additions not limited to the description above. 2. Describe in detail any additional plans that you have for operations in the two buildings in the marina. • Renovate kitchen as space for restaurant/bar 13 • Renovate gated entryway • Renovate bathroom to allow for interior entry • Update interior furnishings/decor • Build stage for live music and dance Additionally; • This proposal must be transferable • A new LLC will be created to sign the final contract Exhibit A: t F--A � fit �F � ti ' P24,.„,. 1 r� 9L..:"'-,� p?'tt Tom' 'F 4417; ice" ' 'S" _ f' •;'' h,- :ro e < z"-. i I.l n3rak .., r f+. - { Ar- •••-•., , ,,-'1401:/// .,� s /` A - `,. t i • • - DJ and live music nights 14 i _ ;„ �• .. 0, ?, `,' r 6!':a r y�1� it a x t • ary 1 i :..P :I�. !IØ , ti • ,k_ ate`_ -'�.. ; i.'G r � - �- i - ° as v s ,' - :- .\ '-- r r\-,i e..-Ict.4 i 1 ,,N;' _-t a •,SLR • Ifni ??? ` r �a�a . 1t '7•1`dp � V' 4. Z • ; � :K �` •ir 'v p' . 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No. 23732 04/23/24 gd RESOLUTION NO.Q9 f /46 A RESOLUTION AUTHORIZING THE ACCEPTANCE OF THE RESPONSE TO A REQUEST FOR PROPOSAL FROM SELIM KIRALP, LLC FOR THE LEASING OF TWO BUILDINGS INSIDE THE GATED PLEASURE ISLAND MARINA AND FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE SAID LEASE WHEREAS, pursuant to Chapter 252 of the Texas Local Government Code, the Purchasing Division advertised Request for Proposals (RFP) for the "Leasing Two Buildings Inside The Gated Pleasure Island Marina" in the Port Arthur News on February 3, 2024 and February 10, 2024; and WHEREAS,two proposals were received on February 28, 2024; and WHEREAS, the two proposals were reviewed, evaluated and scored using the RFP published criteria by City Staff. A copy of the RFP evaluation sheet is attached hereto as Exhibit"A"; and WHEREAS, based on the RFP evaluation the Pleasure Island Department recommends accepting the RFP response of Selim Kiralp, LLC for the leasing of two buildings inside the gated Pleasure Island Marina. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: THAT, the facts and opinions in the preamble are true and correct. THAT, the City Council hereby authorizes the acceptance of the RFP response from Selim Kiralp, LLC for the leasing of two buildings inside the gated Pleasure Island Marina and further authorizes the City Manager to negotiate said lease as set forth in the RFP attached hereto as Exhibit "B' . THAT, a copy of the caption of this Resolution be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED this sj day of mat( A.D. 2024 at a Regular Meeting of the City of Port Arthur, Texas by the following vote: AYES: Mayor: PADJon. bmJThrLEVQ4 ; . Councilmembers: dizeiini12) • P.R. No. 23732 04/23/24 gd NOES: CC) �,L`,v� `h7� 6� Col Y riL Thur n"Bi ' Bartie, Mayor ATTEST Sheri ellard City Secretary APPROVED AS TO FORM: (2)/(-•J(,. James M. Black Interim City Attorney APPROVED F ADMINISTRATION: Ronald Burton M City Man r (1)/fri) Clifto Williams, CPPB Purchasing Manager George Davisp Director of Pleasure Island EXHIBIT 4 COMMERCIAL LEASE AGREEMENT Commercial Lease For City of Port Arthur,Texas Pleasure Island Buildings A&B Effective Date: day of ,2025. Effective Date: The term"Effective Date"shall refer to the date upon which this Commercial Lease is mutually executed by the Parties (Landlord and Tenant as defined herein collectively referred to as "Parties"). The Effective Date shall constitute the date upon which the terms and conditions of this Commercial Lease shall become legally binding contractual obligations between the Parties. I Landlord: City of Port Arthur, a Texas a municipality created under the laws of the State of Texas Landlord's Address: City of Port Arthur P.O. Box 1089 444 4th Street Port Arthur, TX 77641-1089 Tenant: Selim Kiralp, LLC, a Limited Liability Corporation Tenant's Address: 1251 William D. Tate Avenue,Unit 5 Grapevine, Texas 76099 (469) 847-0514 selimkiralp(a,selimkiralp.com Tenant's Attorney: Jared M. King Jared M. King, P.C. 6300 Ridglea Place, Suite 1100 Fort Worth, Texas 76116 (817) 739-0053 jking@jmkinglaw.com Premises: Tract I, a 1.568 acres of land out of City of Port Arthur Survey, Abstract No. 931, City of Port Arthur, Jefferson County, Texas, commonly referred to as Pleasure Island, Building A, and more specifically described in metes and bounds as Exhibit A; and Tract III, a 0.2070 acre of land out of the City of Port Arthur Survey,Abstract No. 931, City of Port Arthur,Jefferson County,Texas,commonly referred to as Pleasure Island, Building B, and more specifically described in metes and bounds as Exhibit B. Building A: Refers to that permanent structure located upon Tract I of the Premises that contains a floor area of approximately 3,004 square feet. Commercial Lease: Pleasure Island Buildings A&B Page 1 of 15 Building B: Refers to that permanent structure located upon Tract III of the Premise that contains floor area of approximately 914 square feet. Term (months): The initial term shall be for a period of one hundred and eighty (180) months ("Initial Term"). Landlord, in consideration of the rent to be paid and the covenants and agreements set forth herein to be kept and performed by Tenant, and for other good and valuable consideration, the receipt of which is hereby acknowledged and accepted, does hereby grant to Tenant the exclusive right and option to extend the term of the Lease for an additional one hundred and twenty (120) months following the conclusion of the Initial Term ("First Renewal Term"), as well as an option to extend the term of this Lease for an additional one hundred twenty (120) months following the conclusion of the First Renewal Term ("Second Renewal Term"). To exercise option as provided herein, Tenant shall provide written notice to the Landlord sixty(60)calendar days prior to the conclusion of the Initial Term and the First Renewal Term. Lease Commencement Date: Shall mean the Effective Date, as defined above. Term Commencement Date: The"Term Commencement Date"shall mean the date upon which the Initial Term of this Lease shall commence. The Term Commencement Date shall be the earlier of the following dates: (i)the first day of the first full calendar month following Tenant's Construction Period; and (ii) the first day of the first calendar month after Tenant opens the Premises for business to the general public ("Tenant's Opening Date"). Tenant's Opening Date shall be the first day upon which Tenant opens for business to the general public from the entire"Building A"portion of the Premises by the regular sale and service of food and beverage to the general public pursuant to usual and customary hours of operation—Tenant's stocking Building A and training of employees, staff; and personnel, including,without limitation, "wet runs"or"cold openings"prior to the general opening of Building A shall not constitute Tenant's being open for business to the general public in a manner that triggers Tenant's Opening Date. Tenant's commencement of business activity from the `Building B" portion of the Premises (to the general public or otherwise) shall not trigger Tenant's Opening Date. Expiration Date: The conclusion of the final day of the Initial Term, or the final day of the First Renewal Term or Second Renewal Term in the event that this Commercial Lease is extended. Base Rent (monthly): $3,513.46 per month for use of the Premises, which includes land and improvements. Security Deposit: An amount equal to six months of Base Rent. Provided Tenant is not in default under this Lease,upon the expiration of the 36th month of the Lease Term,Landlord shall return the entire Security Deposit to Tenant, except Landlord shall retain an amount equal to first month's rent and the amount of the 36t'' month's rent as a Security Deposit for the remaining term of the Lease. Within thirty days after the expiration of the sixtieth month of the Lease Term, provided Tenant is not in default under this Lease, Landlord shall return all remaining amounts of Security Deposit to Tenant. Tenant's Permitted Use: Tenant leases the Premises from the Landlord for the purpose of conducting a for profit business (in accordance with all applicable laws) from the Premises that may include, without limitation, the following: the preparation, sale, and service of food; the preparation, Commercial Lease: Pleasure Island Buildings A&B Page 2 of 15 sale, and service of alcoholic beverages in accordance with applicable law;planning, coordination,and hosting of private, special events, the booking of which would be made available to the general public; the hosting of live music,theatrical presentations, and events calculated to entertain the general public, while promoting and celebrating lawful artistic expression;the hosting of events calculated to celebrate the history and culture of the City(including that of Pleasure Island); the hosting of events celebrating local and regional cuisine, which may(from time to time)include the hosting of"stands," "carts," and food trucks within the automobile parking facility; ancillary retail sale of "soft-goods," spices, cookbooks, artistic merchandise, and other items that, in Tenant's commercially reasonable judgment would promote Tenant's business or promote,or otherwise celebrate,Pleasure Island,its people,and its culture; the promotion of Port Aurthur and Pleasure Island entertainment, excursions, and hospitality; the booking,hosting,and/or renting of watercraft entertainment(in accordance with all applicable laws) available at the marina; as well as any and all other lawful activities,practices, and events ("Tenant's Permitted Use"). Tenant shall engage in Tenant's Permitted Use in manners that comply with all local, state and federal law,and in manners that do not promote pornography,lasciviousness,sexually oriented business, or material that would otherwise appeal to the prurient interest, be patently offensive to the local community, or otherwise lack redeeming social value. Tenant's Construction Period. Tenant shall have a"Construction Period"to complete Tenant's Work on Qualified Improvements to the Premises(as described in Tenant's Work Letter attached to this Lease as "Exhibit C" . The Construction Period shall be the earlier of(i): 270 calendar days from the date Landlord delivers the entire Premises to Tenant in a structurally sound condition,free of hazardous material,free of mold,and in a water-tight condition,with Landlord having completed Landlord's Work as described directly below; or (ii) Tenant's Opening Date. Tenant shall have no responsibility to pay any monthly Base Rents during the Construction Period. Roof Repair or Replacement Contineencv. The Parties expressly acknowledge, stipulate, and agree that the roof attached to Building A requires significant repair or complete replacement. After deliberation, Tenant agrees to, at Tenant's cost and expense, replace the Building A roof ("Roof Replacement"). Landlord expressly acknowledges, stipulates, and agrees that Tenant's Construction Period shall not commence prior to Tenant's having completed the Roof Replacement. Tenant agrees to cause that the Roof Replacement be completed in a good and workmanlike manner, and Tenant shall cause the transfer of any and all warranties associated with the Roof Replacement to the Landlord,who shall thereafter be responsible for the maintenance and repair of the Building A roof. Additionally, Landlord expressly acknowledges,stipulates,and agrees that Tenant's costs incurred in connection with the Roof Replacement shall serve as a Qualified Improvement for the purpose of calculating Base Rent Credits. Landlord's Work. Landlord shall deliver possession of the entire Premises to Tenant having (at Landlord's sole cost and expense) caused that: the foundation, structural walls, as well as any and all structural or loadbearing portions, components,or systems of Building A are structurally sound,water- tight, and in good working order and repair; Building A is free from any area capable of water penetration(other than from the roof); Building A is free of asbestos, or hazardous materials; and that the parking lot servicing the Premises has been resurfaced,striped,and lighted in a manner that complies with the Americans with Disabilities Act(as well as any and all other local,state,and federal ordinances, codes, statutes, laws, and regulations governing accessibility and accommodation of individuals with disabilities). Commercial Lease: Pleasure Island Buildings A&B Page 3 of 15 Tenant's Work: Tenant agrees to cause completion of improvements to the Premises in a good and workmanlike manner and in a manner reasonably commensurate or comparable to certain artistic renderings attached hereto as "Exhibit D"—with the express stipulation that Exhibit D merely serves as artistic representations as to the general character of design Tenant agrees to deploy in connection with Building A, which is subject to reasonable modification within Tenant's commercially reasonable business judgment. Tenant and Landlord acknowledge, stipulate, and agree that the schedule set forth in Exhibit C represents Tenant's anticipated schedule to complete Tenant's Work during the Construction Period, and that Tenant agrees to endeavor to exercise commercially reasonable diligence in manners calculated to satisfy the schedule set forth in Exhibit D. Notwithstanding Tenant's Construction Period, barring force majeure, should Tenant fail to materially complete Tenant's Work within twenty-four months of Landlord's having delivered the Premises ("Outside Completion Deadline"), Landlord shall have the right, but not the obligation, on any day following the Outside Completion Deadline (provided that Tenant has not otherwise completed Tenant's Work) to deliver Landlord's notice and demand that Tenant shall materially complete Tenant's Work within ninety days or Landlord shall have the right, but not the obligation, to terminate this Lease ("Landlord's Outside Completion Demand"). Should Tenant fail or refuse to complete or materially complete Tenant's Work within the time allotted by Landlord's Outside Completion Demand,Landlord shall have the right, but not the obligation, to notify Tenant in writing that this Lease shall terminate within thirty days unless Tenant causes completion of Tenant's Work ("Outside Termination Notice") Should Tenant fail or refuse to materially complete Tenant's Work within the timeframe of the Outside Termination Notice, this Lease shall be terminated and of no further force or effect. Tenant Base Rent Credits: Landlord agrees to provide Tenant with one month of Base Rent Credit in exchange for every Fifty Thousand Dollars ($50,000.00) Tenant invests in Tenant's Qualified Improvements to the Premises during the Construction Period. Base Rent Credits shall begin on the first month of the Term Commencement Date, and continue until all Base Rent Credits are exhausted. Tenant's Insurance: As required by Section D.22. Tenant's Rebuilding Obligations: If the Premises are damaged by fire or other elements, caused by Tenant,then Tenant will be responsible for repairing or restoring the Premises to a condition that is the same or materially similar to the condition of the Premises immediately prior to the damage. Tenant's License and Concession Agreements: Tenant shall have the right to enter into license agreements, concession agreements, and sublease agreements with third parties of all or part of the Premises for the purpose of advancing or otherwise facilitating Tenant's Permitted Use—provided, however, Tenant shall not enter into any such agreements that would purport to grant or convey any greater rights than set forth in this Lease. A. Definitions A.1. "Agent" means agents, contractors, employees, licensees, and, to the extent under the control of the principal, invitees. A.2. "Essential Services" means utility connections reasonably necessary for occupancy of the Premises for the Permitted Use. Commercial Lease: Pleasure Island Buildings A&B Page 4 of 15 A.3. "Injury" means (1)harm to or impairment or loss of property or its use, (2)harm to or death of a person, or (3) "personal and advertising injury" as defined in the form of liability insurance Tenant is required to maintain. A.4. "Rent" means Base Rent plus any other amounts of money payable by Tenant to Landlord. A.S "Qualified Improvements" means any permanent alterations, renovations, or upgrades to an existing building or structure that significantly increases its value, functionality, or lifespan of the Premises. These improvements typically include, but are not limited to, structural modification(e.g. foundation, roof, walls), electrical systems,plumbing systems, HVAC systems, and other integral systems that affect the building's overall safety, habitability, or operational capacity and complies with current building codes. The improvements must be permanent or capital in nature, meaning they cannot be easily removed or replaced (e.g. landscaping, temporary fixtures, or other non-permanent enhancements are excluded). Clauses and Covenants B. Tenant's Obligations Bl. Tenant agrees to and shall- B.1.a. Lease the Premises for the entire Term beginning on the Commencement Date and ending on the Termination Date. B.l.b. Subject to the requirements and obligations of Landlord, accept the Premises in their present condition "AS IS" the Premises being currently suitable for the Permitted Use and in compliance with Texas law. B.1.c. Obey(a)all laws relating to Tenant's use, maintenance of the condition, and occupancy of the Premises and Tenant's use of any common areas and(b)any requirements imposed by utility companies serving or insurance companies covering the Premises. B.1.d. Pay monthly, on the first day of the month, the Base Rent to Landlord at Landlord's Address. All payments shall made payable to the City of Port Arthur. Payments shall be made to the Finance Director of the City of Port Arthur, whose address is P.O. Box 1089, 444 4m Street,2nd Floor,Port Arthur,Texas 77640. Finance Director may,as a courtesy,send a billing notice to Tenant. However,such billing notice in no way excuses or relieves Tenant of its obligation to make payment. Neither shall such courtesy billing obligate Landlord to send courtesy notices to Tenant. B.1.e. Pay a late charge of 10% per month of the Rent payment not received by Landlord by the fifth calendar day after it is due. B. 1.f Obtain and pay for all utility services used by Tenant. Commercial Lease: Pleasure Island Buildings A&B Page 5 of 15 B.1.g. Allow Landlord to enter the Premises to perform Landlord's obligations, inspect the Premises, and show the Premises to prospective purchasers or tenants upon Landlord's delivery of no fewer than forty-eight (48)hours' advance, written notice of Tenant's intent to enter upon the Premises. Such entry shall not interfere with Tenant's operation of business at the Premises. Notwithstanding the foregoing, in the event Landlord sells, conveys, or transfers any portion of the Premises to any third party whomsoever,Landlord shall condition such sale,transfer, or conveyance upon the purchaser or transferee's express assumption of this Lease without modification to any term,covenant,or condition hereto. B.1.h Repair,replace,and maintain any part of the Premises that Landlord is not obligated to repair, replace,or maintain,normal wear is excepted. B.1.i. Vacate the Premises on the last day of the Initial Term,the First Renewal Term,or the Second Renewal Term,whichever is applicable. B.1 j. Early Termination Clause.Tenant has the right to terminate this lease upon sixty(60)calendar days written notice to Landlord--with such written notice sent certified mail attention: City Manager, Tenant will be granted up to three (3) weeks to remove all of its equipment and office furniture from the Premises, have the buildings professionally cleaned, and pay all utility bill usage,prorated rent and prorated taxes up to the effective move out date. B.I.I. Taxes a. The term"taxes" as used in this lease shall include all real property taxes on the building, to the extent applicable and required by law, the land on which the building is situated, and the various units in the building and the land,including the Landlord's interest in the property and the Tenant's interest under this lease. The term "taxes" shall also include all personal property taxes levied on the property used in the operation of the building or on the premises;taxes of every kind and nature levied and assessed in lieu of,in substitution for,or in addition to,existing or additional real or personal property taxes on the building, land,or personal property,whether or not now customary or within the contemplation of the parties to this lease. "Taxes" also shall include the cost to the Landlord of contesting the amount,the validity, or the applicability of any taxes mentioned in this section. b. To the extent applicable and required by law,Tenant covenants and agrees that Tenant will timely pay all taxes, as defined herein, lawfully levied by any taxing jurisdiction with authority to tax the property.Failure to timely pay any tax levied on the property before the delinquency date for such tax is a material breach of this lease and the Landlord may terminate the Lease upon thirty calendar days written notice to the Tenant, unless the Tenant cures such breach by promptly paying amounts owed, together with any penalty or interest owed. In lieu of or in addition to termination of the Lease, Landlord may at Landlord's choosing pay the property tax, penalty and interest owed, and invoice the Tenant for the same. Tenant shall reimburse Landlord for any invoiced amount within 30 calendar days of the date of the invoice. c. To the extent applicable and required by law,Tenant further covenants and agrees that the Tenant will each year timely file with the Jefferson County Appraisal District a Commercial Lease: Pleasure Island Buildings A&B Page 6 of 15 rendition statement as required by Section 22.01 of the Texas Tax Code for all tangible personal property used by the Tenant on the leased property for the production of income that Tenant owns or manages and controls as a fiduciary on January 1. The Tenant shall also timely file an annual report with the Jefferson County Appraisal District a report under Section 22.04, of the Texas Tax Code, listing the name and address of each owner of property that is in its possession or under its management on January 1 by bailment, lease,consignment,or other arrangement. d. In the event Tenant places or allows the placement of taxable personal property not owned by the Tenant on the premises, Tenant further agrees that the imposition of penalty or interest for failure to timely pay taxes on such property, regardless of ownership, is a material breach of Tenant's obligations under this lease, and the Landlord may terminate the Lease upon thirty calendar days written notice to the Tenant,unless the Tenant or the property owner cures such breach by paying amounts owed, together with any penalty or interest owed, prior to the expiration of the thirty calendar days. e. The Parties represent that they understand that the real property interest listed for the purposes of property taxes in the records of the Jefferson County Appraisal District in Tenant's name under an account number to be determined, and property ID to be determined, is the Tenant's leasehold interest in the property. The Parties understand and agree that Tenant shall pay taxes lawfully imposed on the property during the term of the lease irrespective of whether the property is listed in the name of the Tenant or of the Landlord, and irrespective of the nature of the interest taxed, including but not limited to applicable rollback taxes. f. Rollback Tax Contingency. In the event that Tenant would become required to pay any measure of Rollback Taxes as a result of having entered into this Lease, Tenant agrees to pay any and all such Rollback Taxes, and Landlord shall allow Tenant to credit any and all amounts Tenant spends on such Rollback Taxes toward installments of Base Rent("Rollback Tax Rent Credit"). This Rollback Tax Rent Credit shall be independent of,and in addition to,any Base Rent Credits proscribed elsewhere in this Lease. g. THE PARTIES UNDERSTAND AND AGREE THAT THE TENANT SHALL PAY taxes and other charges as enumerated in this Article and shall deliver official receipts evidencing such payments unto the Landlord at the place at which rental payments are required to be made. If, however, the Tenant desires to contest the appraisal of the property or any other matter within the scope of Chapter 41, Tax Code, the Tenant may do so provided the Tenant gives the Landlord notice of its intention to do so and timely pays the amount of taxes not in dispute. Tenant covenants and agrees to notify the Landlord of any litigation of any nature involving the imposition or payment of ad valorem taxes on the property, including but not limited to litigation under Subtitle E or Subtitle F,Tax Code. Commercial Lease: Pleasure Island Buildings A&B Page 7 of 15 B.1.m. INDEMNIFY, DEFEND, AND HOLD LANDLORD AND ITS RESPECTIVE AGENTS, HARMLESS FROM ANY INJURY (AND ANY RESULTING OR RELATED CLAIM, ACTION, LOSS, LIABILITY, OR REASONABLE EXPENSE, INCLUDING ATTORNEY'S FEES AND OTHER FEES AND COURT AND OTHER COSTS) OCCURRING IN ANY PORTION OF THE PREMISES. THE PARTIES EXPRESSLY ACKNOWLEDGE, STIPULATE AND AGREE THAT THE FORGOEING INDEMNITY SHALL NOT APPLY TO ANY CLAIM, ACTION, LOSS, LIABILITY, OR EXPENSE OF ANY KIND OR CHARACTER ARISING FROM OR RELATING TO LANDLORD'S NEGLIGENCE, WILLFUL MISCONDUCT, STRICT LIABILITY, OR LANDLORD'S FAILURE TO ABIDE BY AND TERM, COVENANT, OR CONDITIONS SET FORTH IN THIS LEASE. B2. Tenant agrees not to - B.2.a. Use the Premises for any purpose other than the Permitted Use. B.2.b. Create a legal nuisance. B.2.c. Intentionally omitted. B.2.d Use the Premises in any way that would increase insurance premiums or void insurance on the Premises, provided, however, notwithstanding the foregoing, Tenant's engaging in Tenant's Permitted Use as set forth in this Lease shall not serve as a condition capable of giving rise to any violation of this Section B.2.c. B.2.e. Alter the Premises in any structural manner without approval of Landlord, which approval Landlord shall not unreasonably withhold, condition, or delay. This provision does not prohibit or limit Tenant's ability and opportunity to build out the Premises as agreed to by the Parties. B. 2.f. Allow a valid lien to be placed on the Premises subject to a reasonable opportunity for Tenant to challenge and seek removal of any lien placed on the Premises whether such removal be effected directly or bond. In the event Tenant challenges and/or seeks removal of any lien placed on the Premises, the placing of a lien on the Premises shall not be considered a violation of Tenant's obligations. B.2.g. Assign this lease or sublease any portion of the Premises without Landlord's prior written consent. C. Landlord's Obligations C.1. Landlord agrees to and shall— C.1.a. Lease to Tenant the Premises for the entire Term beginning on the Commencement Date and ending on the Termination Date. Commercial Lease: Pleasure Island Buildings A&B Page 8 of 15 C.1.b. Obey all laws relating to Landlord's operation of the Premises. C.l.c. Repair, replace, and maintain the (a) roof, (b) foundation, (c), (d) plumbing system; (e) any cables, lines, or wiring and systems outside of the Premises required to make available to the Premises any Essential Services, and (f) structural soundness of the exterior walls, excluding windows and doors. C.1.d. Return the Security Deposit to Tenant, less itemized deductions,if any, on or before the thirtieth day after the date Tenant surrenders the Premises — or return the Security Deposit to Tenant in times and manners expressly stated otherwise elsewhere in this Lease. C.1.e. Provide identified parking of no less than 50 parking spaces for Tenant's patrons and customers. At the time of the execution of this Lease, Landlord shall provide the identified parking spaces to Tenant in writing. Such writing shall be incorporated herein by reference as if set forth herein verbatim. C.l.f. General maintenance and mowing of grass,but does not include any landscaping. C.1.g. Undertake the responsibility to make sure that the Premises' parking facilities meet all requirements of the Americans with Disabilities Act of 1990, and all applicable rules and regulations ("ADA"), and shall make all necessary adjustments and changes to confirm compliance with the ADA. C.2. Landlord agrees not to - C.2.a. Interfere with Tenant's possession, quiet enjoyment, or Tenant's Permitted Use of the Premises while Tenant is not in default beyond any applicable cure period. C.2.b. Unreasonably withhold consent to a proposed assignment or sublease provided that the Tenant owns or controls a majority interest in the named assignee or subleasee. D. General Provisions Landlord and Tenant agree to the following: D.I. Alterations. Any physical additions or Qualified Improvements to the Premises made by Tenant will become the property of Landlord subject to Tenant's ability and opportunity to remove any and all items and Qualified Improvements that are not fixtures. Landlord may require that Tenant, at the end of the Term and at Tenant's expense, remove any physical additions and Qualified Improvements, repair any alterations, and restore the Premises to the condition existing at the Commencement Date, normal wear excepted. D.2. Abatement. Tenant's covenant to pay Rent and Landlord's covenants are independent. Except as otherwise provided, Tenant will not be entitled to abate Rent for any reason. Commercial Lease: Pleasure Island Buildings A&B Page 9 of 15 Fir D.3. Insurance. Tenant and Landlord will maintain the respective insurance coverages that(1) insures their respective properties and(2) indemnifies the other party against that party's liability for loss (personal or property)or damages (personal or property). D.4. Release of Claims/Subrogation. LANDLORD AND TENANT RELEASE EACH OTHER, AND THEIR RESPECTIVE AGENTS, FROM ALL CLAIMS OR LIABILITIES FOR DAMAGE TO THE PREMISES, DAMAGE TO OR LOSS OF PERSONAL PROPERTY WITHIN THE PREMISES, AND LOSS OF BUSINESS OR REVENUES THAT ARE COVERED BY THE RELEASING PARTY'S PROPERTY INSURANCE OR THAT WOULD HAVE BEEN COVERED BY THE REQUIRED INSURANCE IF THE PARTY FAILS TO MAINTAIN THE PROPERTY COVERAGES REQUIRED BY THIS LEASE. THE PARTY INCURRING THE DAMAGE OR LOSS WILL BE RESPONSIBLE FOR ANY DEDUCTIBLE OR SELFINSURED RETENTION UNDER ITS PROPERTY INSURANCE. LANDLORD AND TENANT WILL NOTIFY THE ISSUING PROPERTY INSURANCE COMPANIES OF THE RELEASE SET FORTH IN THIS PARAGRAPH AND WILL HAVE THE PROPERTY INSURANCE POLICIES ENDORSED,IF NECESSARY,TO PREVENT INVALIDATION OF COVERAGE. THIS RELEASE WILL NOT APPLY IF IT INVALIDATES THE PROPERTY INSURANCE COVERAGE OF THE RELEASING PARTY. D.S. Casualty/Total or Partial Destruction D.5.a. If the Premises are damaged by casualty and can be restored within ninety calendar days, Landlord will, at its expense, restore the roof, foundation, provide access to Essential Services,and structural soundness of the exterior walls of the Premises and any leasehold improvements within the Premises that are not within Tenant's Rebuilding Obligations to substantially the same condition that existed before the casualty and Tenant will, at its expense,be responsible for replacing any of its damaged furniture,fixtures,and personal property and performing Tenant's Rebuilding Obligations. If Landlord fails to complete the portion of the restoration for which Landlord is responsible within one hundred and eighty calendar days from the date of written notification by Tenant to Landlord of the casualty, Tenant may terminate this lease effective immediately upon by written notice by Tenant to Landlord before Landlord completes Landlord's restoration obligations. D.S.b. If Landlord does not complete the portion of the restoration in a manner necessary to restore the portions of the Premises for which Landlord is responsible to a quality and condition commensurate with that quality and condition existing prior to the casualty or destruction giving rise to the need for restoration within one hundred and eighty calendar days, from the date of written notification by Tenant to Landlord of the casualty, and Tenant has not terminated this lease as provided in D.5a. above, Tenant may grant the Landlord the option to restore the Premises upon such terms and conditions acceptable to both Tenant and Landlord. If Tenant and Landlord cannot agree on the terms and conditions for the Landlord's option to restore the Premises as set forth in this paragraph within 210 days of the event of casualty,Tenant may either: (i)proceed to terminate this Lease;or(ii)cause that Landlord's obligations be fulfilled,and Landlord shall reimburse Commercial Lease: Pleasure Island Buildings A&B Page 10 of 15 Tenant by applying Base Rent Credits equal to 120 percent of the entire amount Tenant incurred to cause the fulfillment of Landlord's obligations. D.5.c. To the extent the Premises are untenantable after the casualty, the Rent will be adjusted as may be fair and reasonable. D.6. Condemnation/Substantial or Partial Taking D.6.a. If the Premises cannot be used for the purposes contemplated by this lease because of condemnation or purchase in lieu of condemnation,this lease will terminate. D.6.b. If there is a condemnation or purchase in lieu of condemnation and this lease is not terminated,Landlord will,at Landlord's expense,restore the Premises,and the Rent payable during the unexpired portion of the Term will be adjusted as may be fair and reasonable. D.6.c. Tenant will have no claim to the condemnation award or proceeds in lieu of condemnation. D.7. Default by Landlord/Events. Defaults by Landlord are failing to comply with any provision of this lease within thirty days after written notice is given by Tenant,unless otherwise agreed to in this Lease or by written agreement between the Parties. D.8. Default by Landlord/Tenant's Remedies. In addition to any and all rights and remedies set forth elsewhere in this Lease,Tenant's remedies for Landlord's default are to sue for damages. D.9. Default by Tenant/Events. Defaults by Tenant are(a) failing to pay Rent within ten days of its due date, (b) abandoning the Premises or vacating a substantial portion of the Premises, and(d)failing to comply within thirty calendar days after written notice with any provision of this lease other than the defaults set forth in(a)and(b). However,should Tenant's breach be of such kind or character that Tenant, in the exercise of commercially reasonable diligence, would be unable to cure within thirty calendar days' written notice, Tenant shall commence cure within thirty calendar days'written notice and cause completion of such cure within a commercially reasonable period of time,in the exercise of commercially reasonable diligence. D.10. Default by Tenant/Landlord's Remedies. Landlord's remedies for Tenant's default are to (a) enter and take possession of the Premises and sue for Rent as it accrues; (b) enter and take possession of the Premises,after which Landlord may relet the Premises on behalf of Tenant and receive the Rent directly by reason of the reletting, and Tenant agrees to reimburse Landlord for any expenditures made in order to relet; (c) enter the Premises and perform Tenant's obligations; and (d) terminate this lease by written notice and sue for damages. Landlord may enter and take possession of the Premises by self-help,by picking or changing locks if necessary, and may lock out Tenant or any other person who may be occupying the Premises,until the default is cured,without being liable for damages. D.11. Default/Waiver. It is not a waiver of default if the non-defaulting party fails to declare immediately a default or delays in taking any action. Pursuit of a remedy does not preclude pursuit of another remedy. Commercial Lease: Pleasure Island Buildings A&B Page 11 of 15 D.12. Mitigation.Landlord has a duty to mitigate any and all damages. Landlord has mitigated the loss of rent if Landlord, within thirty calendar days after Tenant's loss of possession, (a) places a"For Lease" sign at the Premises,(b)places the Premises on Landlord's inventory of properties for lease, (c) makes Landlord's inventory available to area brokers on a monthly basis and contacts the City's broker in writing and by telephone, (d) advertises monthly the Premises for lease in a suitable trade journal in the county in which the Premises are located, and(e)shows the Premises to prospective tenants who request to see it. D.13. Security Deposit. If Tenant defaults, Landlord may use the Security Deposit to pay arrears of Rent,to repair any damage or injury,or to pay any expense or liability incurred by Landlord as a result of the default. D.14. Holdover. If Tenant does not vacate the Premises following termination of this lease, Tenant will become a tenant at will and must vacate the Premises on receipt of notice from Landlord. No holding over by Tenant, whether with or without the consent of Landlord,will extend the Term. D.1 S. Alternative Dispute Resolution. Intentionally Deleted. D.16. Attorney's Fees. If either party retains an attorney to enforce this lease, the party prevailing in litigation is entitled to recover reasonable attorney's fees and other fees and court and other costs. D.1 S. Venue. Exclusive venue is in Jefferson County,Texas. D.16. Entire Agreement. This lease, its exhibits, addenda and riders, are the entire agreement of the Parties concerning the lease of the Premises by Landlord to Tenant. There are no representations, warranties, agreements, or promises pertaining to the Premises or the lease of the Premises by Landlord to Tenant,and Tenant is not relying on any statements or representations of any agent of Landlord, that are not in this lease and any exhibits, addenda,and riders. D.17. Amendment of Lease. This lease maybe amended only by an instrument in writing signed by Landlord and Tenant. D.18. Limitation of Warranties. THERE ARE NO IMPLIED WARRANTIES OF MERCHANTABILITY,OF FITNESS FOR A PARTICULAR PURPOSE,OR OF ANY OTHER KIND EXCEPT FOR THOSE EXPRESSLY STATED IN THIS LEASE. D.19. Notices. Any notice required or permitted under this lease must be in writing.Any notice required by this lease will be deemed to be given(whether received or not)the earlier of receipt or three business days after being deposited with the United States Postal Service, postage prepaid, certified mail, return receipt requested, and addressed to the intended recipient(Landlord,Tenant,Tenant's Attorney)at the address shown in this lease.Notice may also be given by regular mail,personal delivery,courier delivery,or e-mail and will Commercial Lease: Pleasure Island Buildings A&B Page 12 of 15 be effective when received. Any address for notice may be changed by written notice given as provided herein. D.20. Abandoned Property. Landlord may retain, destroy, or dispose of any property left on the Premises at the end of the Term. D.21. Insurance. All insurance must be written by an insurer licensed to conduct business in the State of Texas,unless otherwise permitted by Landlord in writing.All insurances must name the Landlord as an additional insured. Tenant shall, at its own expense, purchase, maintain and keep in force insurance that will protect against injury and/or damages which may arise out of or result from operations under this lease, whether the operations be by Tenant or by any subcontractor or by anyone directly or indirectly employed by any of them,or by anyone for whose acts any of them may be liable,of the following types and limits: 1. Standard Worker's Compensation Insurance to the extent Tenant may be required to subscribe under Texas Law. 2. Commercial General Liability occurrence type insurance City of Port Arthur,its officers,agents,and employees must be named as an additional insured: a. Bodily injury $500,000 single limit per occurrence or $500,000 each person/$500,000 per occurrence for contracts of $100,000 or less; or Bodily injury $1,000,000 single limit per occurrence or $500,000 each person/$1,000,000 per occurrence for contracts in excess of $100,000; and, b. Property Damage$100,000 per occurrence regardless of contract amount; and, c. Minimum aggregate policy year limit of $1,000,000 for contracts of $100,000 or less; or, Minimum aggregate policy year limit of$2,000,000 for contracts m excess of$100,000. 3. Commercial Automobile Liability Insurance (Including owned, non-owned and hired vehicles coverage's). a. Minimum combined single limit of $500,000 per occurrence, for bodily injury and property damage. b. If individual limits are provided, minimum limits are $300,000 per person, $500,000 per occurrence for bodily injury and$100,000 per occurrence for property damage. Tenant shall cause Tenant's insurance company or insurance agent to fill in all information required (including names of insurance agency, Tenant and insurance companies, and policy numbers, effective dates and expiration dates) and to date and sign and do all other things necessary to complete and make into valid certificates of insurance and pertaining to the above listed items, and before commencing any of the work and within the time otherwise specified, Tenant shall file completed certificates of insurance with the Landlord. None of the provisions in said certificate of insurance should be altered or modified in any respect except as herein expressly authorized. Said CERTIFICATE OF INSURANCE Form Commercial Lease: Pleasure Island Buildings A&B Page 13 of 15 should contain a provision that coverage afforded under the policies will not be altered, modified or canceled unless at least thirty (30) calendar days prior written notice has been given to the City of Port Arthur. Said completed CERTIFICATE OF INSURANCE FORM(S) shall in any event be filed with the City of Port Arthur not more than Fifteen(15) days after execution of this Lease. D.23. Force Majeure. Subject to the casualty and condemnation provisions of this Lease, and except to the extent expressly stated otherwise in this Lease,if either party shall be prevented or delayed from punctually performing any obligations or satisfying any condition under this Lease by any strike,lockout,labor dispute,inability to obtain labor or materials or reasonable substitutes therefor, act of God, unusual governmental restriction, regulation or control, enemy or hostile governmental action,civil commotion,insurrection,sabotage,fire or other casualty, or any other condition beyond the reasonable control of such party, or caused by the other party, then the time to perform such obligation to satisfy such condition shall be extended on a day-for-day basis for the period of the delay caused by such event; provided, however,that the party claiming the benefit of this Section shall,as a condition thereto,give notice to the other party in writing within ten (10) days of the incident specifying with particularity the nature thereof, the reason therefor, the date and time incurred and the reasonable length said incident will delay the fulfillment of obligation contained herein. Failure to give such notice within the specified time shall render such delay invalid in extending the time for performing the obligations hereunder.This Section shall not apply to the inability to pay any sum of money due hereunder or the failure to perform any other obligation due to the lack of money or inability to raise capital or borrow for any purpose. D.24. Indemnification: The Tenant shall defend, indemnify, and hold harmless the Landlord and their respective officers, agents, and employees, from and against all damages, claims, losses, demands, suits, judgments, and costs, including reasonable attorney's fees and expenses arising out of or resulting from the performance of Tenant's Work, provided that any such damages,claim,loss, demand, suit,judgment,cost or expense: Is attributable to bodily injury,sickness,disease,or death or to injury to or destruction of tangible property (other than the work itself) including the loss of use resulting there from. Is caused in whole or in part by any negligent act or omission of the Tenant, or Subcontractor,anyone directly or indirectly employed by any one of them or anyone for whose acts any of them may be liable,regardless of whether or not it is caused in part by a party indemnified hereunder. D.25. Upon the expiration of this lease and Tenant's having not vacated the premises, Tenant becomes a holdover tenant on a month to month basis. The lease agreement except for the lease term is binding upon each party.Landlord at its option may give a written notice to vacate to Tenant according to Texas law.Landlord may exercise any and all of its right under Texas Landlord- Tenant Law to reclaim the premises, recover loss rent, all other damages allowed by law, and attorney fees and costs. Commercial Lease: Pleasure Island Buildings A&B Page 14 of 15 i.. D.26. Property Management. Pleasure Island Director, George Davis will serve as Property Manager. Mr. Davis may be contacted at (409) 982-4675, and office located at 520 Pleasure Pier Boulevard, Port Arthur, Texas 77640. Property Manager shall act as the agent of Landlord. And for all intense and purposes in this contract Landlord and Property Manager shall be one in the same. City of Port Arthur, Texas, a municipality created under the laws of the State of Texas, Ronald Burton, CPM City Manager Selim Kiralp, LLC Selim Kiralp President& CEO Commercial Lease: Pleasure Island Buildings A&B Page 15 of 15 EXHIBIT A TBPE Firm No.F-5755 TBPLS Firm No.10123800 ff LA EF.0005711 _ 3737 Doctors Drive Port Arthur,Texas 77642 SURVEYORS&ENGINEERSOUTE Office(409)983.2004 Fax(409)983.2005 TRACT I 1.568 ACRES OF LAND OUT OF CITY OF PORT ARTHUR SURVEY,ABSTRACT NO. 931, CITY OF PORT ARTHUR,JEFFERSON COUNTY,TEXAS BEING part of properties described in a deed to The City of Port Arthur, recorded in File No. 9733311, Official Public Records, Jefferson County, Texas; said 1.568 acre tract being more fully described by metes and bounds as follows,to wit: Note: Bearings, coordinates, distances and acreage are based on the Texas Coordinate System of 1983, South Central Zone, US Survey Feet, and are referenced to SmartNet, North America. COMMENCING at a'/2"steel rod found for the most Westerly corner of Pleasure Pier Sea Cabin, recorded in Volume 2, Page 163,Map Records,Jefferson County, Texas; said ''A" steel rod being on the Northeast right-of-way line of a dedicated road named Pleasure Pier Boulevard,having a Texas Coordinate of N: 13897279.86 E: 3576222.22; THENCE,North 53 deg., 11 min., 50 sec., West(Called North 48 deg., 47 min., 00 sec., West)on the Northeast right-of-way line of said Pleasure Pier Boulevard,a distance of 400.26' to a point; THENCE,North 36 deg.,48 min., 10 sec.,East, a distance of 41.18' to a 1/4" steel rod,capped& marked"SOUTEX", set for the POINT OF BEGINNG and the most Southerly corner of the herein described tract, having a Texas Coordinate of N: 13897552.60 E: 3575926.42; THENCE,North 53 deg., 11 min.,50 sec.,West,a distance of 341.56',to a 1/2" steel rod,capped and marked"SOUTEX", set on the Southeast line of a 2.066 acre tract of land surveyed this date; said steel rod being the most Westerly corner of the herein described tract; THENCE,North 36 deg.,48 min., 10 sec., East, on the Southeast line of the 2.066, a distance of 200.00',to a 1/2" steel rod, capped and marked "SOUTEX", set for the most Northerly corner of the herein described tract; THENCE, South 53 deg., 11 min., 50 sec., East, a distance of 341.56', to a 1/2"steel rod, capped and marked"SOUTEX", set for the most Easterly corner of the herein described tract; THENCE, South 36 deg.,48 min., 10 sec., West, a distance of 200.00',to the POINT OF BEGINNING and containing 1.568 acres of land, more or less. Note: Any unforeseen damages or problems with the building that will be discoverd as project develops Weather conditions or emergencies may cause delay City Permitting fees and inspections are not inclueded Windstorm&Engineering fees and inspections inclueded EXHIBIT B TRACT III 0.2070 ACRE OF LAND OUT OF THE CITY OF PORT ARTHUR SURVEY,ABSTRACT NO. 931, CITY OF PORT ARTHUR,JEFFERSON COUNTY,TEXAS BEING 0.2070 acre of land, out of and a part of The City of Port Arthur Survey, Abstract No. 931, City of Port Arthur, Jefferson County, Texas; said 0.2070 acre tract being more fully described by metes and bounds as follows,to wit: Note: Bearings, coordinates, distances and acreage are based on the Texas Coordinate System of 1983, South Central Zone, US Survey Feet, and are referenced to SmartNet, North America. COMMENCTING at a '/2" steel rod found for the most Westerly corner of Pleasure Pier Sea Cabin, recorded in Volume 2, Page 163, Map Records, Jefferson County, Texas; said '''A" steel rod being on the Northeast right-of-way line of a dedicated road named Pleasure Pier Boulevard, having a Texas Coordinate of N: 13897279.86 E: 3576222.22; THENCE,North 63 deg., 11 min., 53 sec., West (Called North 48 deg., 47 min., 00 sec., West) on the Northeast right-of-way line of said Pleasure Pier Boulevard, a distance of 741.82', to a point for corner being the most Westerly corner of a 2.265 acre tract of land surveyed May 30, 2024; THENCE, North 36 deg., 48 min., 10 sec., West, a distance of 883.41', to a point for corner being the POINT OF BEGINNING and most Southerly corner of the herein described tract, having a Texas Coordinate of N: 13898431.58 E: 3576157.47; THENCE, North 53 deg., 20 min., 28 sec., West, a distance of 101.89', to a point for corner being the most Westerly corner of the herein described tract; THENCE,North 36 deg.,48 min., 10 sec.,East,a distance of 88.51',to a point for corner being the most Northerly corner of the herein described tract; THENCE, South 53 deg., 20 min., 28 sec., East, a distance of 101.89', to a point for corner being the most Easterly corner of the herein described tract; THENCE, South 36 deg., 48 min., 10 sec., West, a distance of 88.51', to the POINT OF BEGINNING and containing 0.2070 acre of land, more of less. This description is based on the Land Survey made under the direct supervision of Anthony M. Leger, Registered Professional Land Surveyor No. 5481 on November 11, 2024. City of Port Arthur/Pleasure Island Leases Buildings "A" & "B" 24-0309 EXHIBIT C f f 1 yf li CONSTRUCTION Job Name:Pleasure Island Marina Restaurant/Event Center Project Address: 410 Pleasure Pier Boulevard Anticipated Timeline during Construction Period Scoop of work summary Timeline/Days 1 Demolition and Hauling Trash and Debris Items 1 15 2 Roofing (Full 30yr re-roof) 3 Modify concrete block walls 4 Framing and opening doorways 5 Commercial Kitchen set-up 6 Replace/Repair wall and ceiling drywall as needed 7 Build covered porches on back side of restaurant Items 2-7 65 8 A/C for all building and Run independent NC for kitchen 9 Electrical 10 Plumbing 11 Men and Women's Restroom set-ups 12 Walk-In Freezer/Cooler Items 8-12 70 13 Updating all lights and fixtures 14 Replace interior and exterior doors 15 Flooring and baseboards 16 Build bar area and dress columns in main dining area 17 Smooth all interior and exterior block walls 18 Full interior and exterior paint job 19 Final Cleaning Items 13-19 65 TOTAL 270 [Turnkey Project includes rough&finish work for following trades: r Demolition Framing Electrical Drywall Flooring Paint EXHIBIT D p r. i 4 .. w .; ilgf itd 434144i ��a Ai i� mow:► _ r <- -- III ' 11 fill a IT' - -,'illinfl.,:e.:9'.:, tf:' '(1- ''''' ' w y0 ,.. _______ ta. _ ♦1 111111 it I` ., „*,,,,r I mmMunmir -- � ' :_. 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