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HomeMy WebLinkAbout2064 Approving the Payment of Public Infrastructure (MDFB) Costs in Accordance with the Terms fo the Amended and Restated Development Agreement Between Riverside and Live Nation BILL NO. 2025-021 ORDINANCE NO. 2064 AN ORDINANCE APPROVING THE PAYMENT OF PUBLIC INFRASTRUCTURE COSTS IN ACCORDANCE WITH THE TERMS OF THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT PREVIOUSLY ENTERED INTO BY AND BETWEEN THE CITY OF RIVERSIDE MISSOURI AND LIVE NATION Inc. RIVERSIDE HORIZONS, LLC WHEREAS, the City of Riverside, Missouri, a fourth-class city (the "City") organized and existing under the laws of the State of Missouri ("State"), and Live Nation Inc., a Delaware corporation ("Developer") entered into that certain Amended and Restated Development Agreement dated as of October 3, 2024, ("ARDA"); and WHEREAS, by the terms of said ARDA the Developer to cause the development design and construction of the "Parking Areas" Utilities" Site Improvements and Roadways as defined in the ARDA as the "Public Infrastructure" portion of the ARDA ("Public infrastructure"); and WHEREAS. Section 4.6(b) of the ARDA provides for the disbursement of State and City Funds for the payment and/or reimbursement of the costs incurred by the Developer for the design and construction of the Public Infrastructure; and WHEREAS, the City has received, as confirmed by the City Administrator and City Finance Director ("City Staff"), a request to receive reimbursement from State Funds and/or City Funds in a form that complies with the form required by the ARDA and known as the "Certificate(s) of Project Costs attached hereto as Exhibit A-_ and incorporated herein, in the amount of Nine Million Six Hundred Sixty-Six Thousand Eight Hundred Fifty Six and 39/100 Dollars ($9,666,856.39) along with reasonable supporting documentation such as copies of bills, invoices, pay applications, contracts, receipts, check stubs, wire confirmations, lien waivers or such other documentation to confirm that the Project Costs relating to the reimbursement request constitute Project Costs which are payable and/or reimbursable under this Agreement from the source(s) of funds requested to pay or reimburse the same ("Developer Request") and City Staff have so confirmed such Project Costs; and WHEREAS. the City has ten (10) business days following receipt of any Certificate of Project Costs to review the same to confirm that the costs included therein constitute Project Costs payable and/or reimbursable from the requested source of funds in accordance with the ARDA, in which case the City shall approve the Certificate of Project Costs and disburse the State Funds and/or City Funds requested thereby to Developer, in the amount requested in the Certificate of Project Costs, within thirty (30) days following Developer's submission of the Certificate of Project Costs; and WHEREAS, the City Staff has not disapproved any of costs included in the Certificate of Project Costs on the basis of not complying with the criteria required by the ARDA; and WHEREAS, the City Staff confirms said funds for payment of the Developer Request have been received from the State of Missouri's Missouri Development Finance Board; and WHEREAS, the City Staff recommends the City to proceed with disbursement in the amount of the approved Project Costs listed on such Certificate(s) of Project and recommends said funds be utilized to satisfy the Developer's Request; and. WA 7751921.1 WHEREAS, the Board of Aldermen find it to be in the best interests of the City in order to further the objectives of industrial and economic development of the City, and the terms and conditions of the ARDA, as well as in furtherance of the objective to protect the health, safety, and welfare of the businesses and citizens of the City, to approve the payment of the Developer's Request pursuant to Section 4.6(b) of the ARDA. NOW,THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: SECTION 1. BEST INTEREST OF THE CITY TO APPROVE AND PAY REQUEST FOR DISBURSEMENT. The Recitals above are hereby incorporated into this Lease as if fully set forth in this Section 1 It is in the best interests of the City in order to further the objectives of industrial and economic development of the City, and to satisfy the terms and conditions of the ARDA, as well as in furtherance of the objective to protect the health, safety, and welfare of the businesses and citizens of the City, to approve the Developer's Request for disbursement pursuant to Section 4.6(b) of the ARDA to the Developer, Live Nation, Inc., in the amount of in the amount of Nine Million Six Hundred Sixty-Six Thousand Eight Hundred Fifty Six and 39/100 Dollars ($9,666,856.39) Said Developer Request is hereby approved. SECTION 2. AUTHORITY GRANTED. The City hereby authorizes the Mayor, the City Administrator, the Finance Director, Special Counsel to the City and other appropriate City officials to pay the Developer's Request and to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Ordinance and to execute and deliver for and on behalf of the City all certificates, instruments, agreements and other documents, as may be necessary or convenient to perform all matters herein authorized. SECTION 3. EFFECTIVE DATE. This Ordinance shall be in full force and effect from and after its passage and approval. BE IT REMEMBERED that the above was read two times by heading only, PASSED AND APPROVED by a majority of the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, this 18th day of March, 2025. K hleen L. Rose, Mayor ATTEST: Robin Kincaid, ity Clerk Approved as to form: Spencer Fane LLP Special Counsel to the City by Joe Bednar 2 WA 7751921.1 EXHIBIT A CERTIFICATE(S) OF PROJECT COSTS 3 WA 7751921.1 EXHIBIT A FORM OF DISBURSEMENT REQUEST Disbursement Request No. i To: Missouri Development Finance Board 221 Bolivar Street, Suite 300 Jefferson City,Missouri 65201 Attention: Compliance Officer Telephone No.(573) 751-8479 E-mail: Cheryl.kerr.mdfb@ded.mo.gov Re: City of Riverside—Disbursement Request for Amphitheater Project You are hereby requested pursuant to Article 4 of the Funding Agreement dated as of October 14, 2024, (the "Agreement"), to transfer to the City of Riverside, Missouri (the"City") to permit it to issue checks to or otherwise pay the following named payee(s)to provide for the payment of the following Project costs: Description Payee/Address/Tax ID No. Amount of Project Costs City of Riverside q 6G.6,%r6 Public infrastructure for 2950 NW Vivion Road Riverside Amphitheater project Riverside. Missouri 64150 as detailed on the attached Tax ID No. 44-6005$67 payment applications/invoices The undersigned hereby states and certifies that: 1. Each item listed above is a proper Project cost. Attached hereto are invoices,statements, bills or other documents evidencing the fact that such payment is due. 2. These Project costs have been incurred and are presently due and payable in connection with the Project and are eligible for payment in accordance with the requirements of the Agreement. 3. No item listed above has previously been included in any other Disbursement Request previously approved by the Board under the provisions of the Agreement. 4. All necessary permits and approvals required for the portion of the work on the Project for which this withdrawal is to be made have been issued and are in full force and effect. 5. The payment of this Disbursement Request is in compliance with all of the restrictions contained in the Agreement. A-I CITY OF RIVERSIDE,MISSOURI By: • Z/7 /Z62 c athy Rose Date signed Approved for Payment on ,20_: MISSOURI DEVELOPMENT FINANCE BOARD By: Title: A-I Public Funding Monthly Invoicino-Work Progress Descriptions 1111111111111111111r-i Jun-2,1 C A B D E F 0 H I ITFM DESORIPIION OF WORK WORK COMPLF,ED ,MATERML• TOTAL Is MUDGE RETAIMbE vc ODOM. vRELEATLY COMPLETED lo'CI To Pm.. 11.0111.01. Davelf toter CONTRAC 1 PREVIOUS ENDRE!) ANOSTOPEO• IC-DI RANDY ODOM vALDL , AMONTMTS nos PERI. (RODIN TO OATE DeRcriptron i i 1 9ll5Se33 LS C Amphitheater-Plume 2 E•rthworli $3.801.001 3000 33.891.001.00 30.03 30.00 .0.00 3030 0% 331111,0)1M $0.00 Ground Imposts.. 31.521.110 1023 S1.530,18003 $0.03 $0.00 SOLO $000 0% $1.530.150.00 70.30 Ste.1.•Storm,Sander,Water $2.943.227 3000 $2143327.00 30.00 $0.00 $0.00 S000 0% 12.943.22720 30.00 Ste.6bes•Electra $1,530151 $0.00 $153030130 30.00 MOO $030 $030 0% S1.530.85100 $030 Conc.Pa,.6 Cain 14.031.233 $0.00 $4.03123323 $0.00 WOO $OLO 30013 0% 34.031233.LO 30.00 Asphat Pay. 38.154.130 30130 116.114.13030 30.. 10.00 7030 7,000 0% 31284.130.00 30.23 Larelsc•ping L krypton $2.070.424 $0.03 32,070,424.00 30.30 $0.00 SODO SOLO 0% S2,070.42423 5000 General Condtans $2.526377 $030 $2,524,377.88 SOLO 3.2.317.00 10.00 352.31730 3% 32.442.080.00 36.231.70 PRICOMIDuCtion liatvetetr,Includes General Contractor Protect Manager time and son cos.assocated nth phste mothlontion by General Contractor Allasences $1.916.960 21.00 71.91108023 30.00 30.21 70.00 SOLO 0% $1,616,060.0) WOO Insurance 11.25%) 3332518 $0130 $3323111.03 30.30 31.025368 10.00 31.02816 0% 1331.467.04 310220 Overhead(4 00%) $1304051 30.00 $1.02105103 30.30 53,33314 30130 33.33321 0% $1,060,717.16 $333.35 1 Prolt(5.00%) $1203267 3000 S1.3.328700 30.00 34.333.96 30.23 14.3339. 0% $1.375.933.01 3433.40 . .129.391,117 30130 321361,117.00 $OW $.1.013.79 743.00 $91.013.76 0%$29.290.103.21 30.101.3e A 8 C 0 I r 0{ E F H I • 0010 PI ETED MATERIALS' TOTAL ID LALARCE REDMMAGE =Pi.i'i'i'- i TOTAL CONTRACT PREVIOUS PRELENTLE COMPLETED 03/El TO PIMP STORED ANO STOPEO IC.31 ILIUM '-Rm.... VALUE AMOUNTS TIED REMO RIOT IN TO DATE Dllonolion LH C Amphi.atee•Phase 2 DORE) ,D•E•S, . t I irRaor It • • • EarthAark $3.211 001 $0.21 33,561001130 10.00 3643,439.18 70.00 $943.406.15 22% 13047561.62 724.34322 Earthwork contractor mairMahon te•s Ewa,.rs Phase I cunt.Mr Ira,)grading of saa,roller°nce attach..hilx1,installatno of sit SPY PPParo son control measures Ground Intioroyemeas S1.330,160 SOW $l.530.16030 $0.00 30.00 1000 30.00 0% S1,530,1.0.30 7200 Ste 283hes•Mann,Sanitary.Water $2,943,227 $030 32143,22700 IOW WOO SOLO S000 0% 62,643,227.00 5030 , Ste Uh.s-Slectre $1,530,151 3030 31,530151.03 $0.00 WOO WM WM 0% 31,530.65100 30.00 Concrete Psvme L Curbs $4.01311 SOLO 74.031233.00 $030 30.00 110.30 10.00 0% 34.1:01.23323• 3000 0sp.,Paang 23.154.130 50133 76.184.133.00 10.00 30.00 10.130 1000 0% $6.184.130.00 70130 La nclaCemnp L Insphon $2070.424 3000 22.070.24.00 SO.. $0.00 $0.00 S0.03 0% 22,070.424.00 30.1:0 General Condemns 32.524.377 5030 $2,524377133 382.317.00 $4231730 SOLO 3184.63430 7% $2359.743.00 515.453.413 General Gentr.clor management and atlintveion Ma project s.cos. 010.88ee 31.615.080 10.110 $1.916.080.00 $0.00 30.00 WOO 30.00 0% 31..15060.00 30.03 Insurance(135%) 1332218 SOLO $332,516.00 11.025.98 311,571.95 30.30 31210021 . 3319.915.2) 11.280139 Overhead(6.00%) 11.0.4.051 3023 11.064.051.00 33333.21 $37,463.13 SOLO 340121311 4% 31,02322421 34232.70 1 Profit(5.00%) 11.383.287 $0130 $1.3.3367.03 34.333.30 346141.06 10.00 753075.05 I% $1,330.1.115, 15307.31 1129.361.117 WOO$21361,11730 191.013.79 S1123.562.32 WOO SI.114,576.11 4%$26,288,540.89' 3111,457.81 A 8 0 I E F G H I ',to DESCRIPTION OF VVORn WORK COM.,L!ED MATER11.,./1. TOTAL m . SALANcE R,-,Am.o. NO PRESENTLY CCAWLETED (0 I C) . TO PINION MEP.OF L CONDO! T.,..CON,RACT PReVialle STORED ANO STORED VALLES ' ORDERS ''ALUE AMOUNTS 'WPM= iN01 Dr 70 OATE Elsg.8300. OGRE, (0•E•1) gabli 3•.vorti slavool 10.00 $7.001.001.00 3643,439.16 1723,626.75 $0.00.31.557.667.33 4013 32.323.933.67 3158.706.73 CAP.at Earthwork phases 2.3.6 4 tue attached Exhilartt tor mass grading ot rte.ins...awn of!Ain term and s.r•pete lot t•moo rao rock consouction road Ground Improvements 31.530.180 $000 $1,530,16003 30.00 365,000.00 $0.00 145.000.00 4% 31.455.18030 $8.500.00 Engineering end aeconstruchen services tor design-build auger on,p.n.rabid procurement and deka,of means! Ste Oates-Storm.Sainte,.Witter $2.943327 5023 32,943.227.03 $OLO 8247.17620 $0.00 3247.17.20 . $2896048.0) $2471712 Utirtes contactor mastication Nee astelleho n ot sanitary se.r main iSequenc•1 6 2.per ethched adatati SRA LIDLItes•Elactre $1130151 30.00 31.530.85100 5000 30.00 WOO 30.00 0% $1,330.65110 3000 Concrete Paring 6 Curta $4.031337 30130 14.031.23323 30.00 30.00 30.00 3030 0% S4031.23300 3000 Asphalt 7eves. 38.184.130 $000 36,164.130.00 30.00 10.00 50.00 30.00 0% 21.184.130.00 30.W 1-5.2309 1 Irraaten $2.070,424 SOLO 12.070.42410 SOSO 30.00 $0.00 30.23 0% $2,070,424.00 WOO General Conditions 33.524.377 30.00 32.524377LO $164134.00 $95.077.78 30.00 S260.711.76 10% 32,263.88522 s2s,07 1.ne General Contractor management and superman fees.protect soft co. Allowances $1.918,080 $0.013 $1,918.0.0.00 $0.00 315.753.29 30.00 $18.753.29 I% $1,099.328.71 $1.67533 Earthroark overtime costs Mr schedule acceleration due Da iaal site conddm'Is I Insuranu(125%7 3332.518 SOLO 1332116.00 $12,300.01 314.357.97 10.00 126,956.86 5% 3305.557.12 32.21519 Chrirmad(4.00%) $10114,051 S000 11.061001.00 110.526.97 $48.519.52 50.00 1e7,346.70 6% 19713.704.21 38.334.86 1 Prote(5.00%) S1363.2157 SOLO 51.363.26730 153.075.05 3613.475.38 $0.00 311317011 6% 71.289.718.19 311,35506 . . 729.3111.11710 $OW.29,3111.117441 $1,114575.11 31.25199035 S030,12.304,567137 8%725,998,549,23 1235656.71 Sepia A 6 C 0 I E F G H 1 ITEM No OEscHmw cs wGRa MM. WURNcavo,I rtu MA TERMER TOTAL Ic`cl RETAROLE PRESENTER COMPLETED eWaaBoa oa%HE TOTAL r 1 It•01 MUM ORDERS 0.1)6 .u101Ans nt.R.D (NOT IN TO amoebae_ TE 0 0 eE1 1D•e+,1 mr were 1 Earthwork 53,891.831 0 0$ 0 33e91 001A0 S1567.7.33 S724,516.15 30.00 $2.291.32 59 5 % 51 599.357.22 5229.164,36 6Yss Gladn9 H am.br.ahr Eortperkno woad landscape berms(Eertwmrk phases 3 6 4.pH OEM.En.9:Finbn Gredir9 at 5i.Lop Road'.A99r.9ah a.trucsag br co.buc5on ease.roads 2 Ground Improve.. $1530.160 $000 81530.160.00 $65.0013.00 5650,360.00 $0.00 $725.38000 47% S804.500.00 $72.535.03 A1q.rust pi i.hYben,dd..79 dn11 r9 hall,unhh 9roub9.Isl°6*Rudman. 3 SY UM..•Slam.Santry.Wail 52943,227 5000 52943.227.60 5247,178.20 $025 022.25 10,00 31.1 R200A5 40% 31,771.0265S 5111,221305 Labor,equpm*M b1 evabun 8 HO 8088 seer.Horm 68r,a.m..d.86uben PPR S ian/uro(- ...upuuas 2.3.6 4,per.basal E.Mb9 4 lot Ut80.s•Eice9 81.530.651 5000 51,530.6100 3000 50.00 30.00 5000 0%'$1,530.651.00 1039 5 Comm.!.Pera96Curly N601233 5000 $4031,233.00 $0.00 $0.00 $0.00 $000 0% $4031,23300 10.00 6 Asphalt Pay. 36.184.130 5000 $6,164.130.00 $0.00 $000 $000 5000 016 56.184,130.00 10.00 1 La79e0.0.1611791907 52070.424 $0.00 52.070,424.00 10,00 $0 0 50.00 50.00 0% 82070.424.00 $0.00 5 General COM.ons 52524.377 $0.00 12,524,37703 S250.711.70 $95060.00 $0.00 535571128 14% $2,16688522 $3557118 Gonh.Co..clar manager. .and sup9rvmnh..pro70isalt cos. 9 Abrict 11910.000 5000 S1918 O80.00 $16.753.29 525 423.55 $0.00 S42 17594 2% 51 073.903.10 14.217.68 0.r6lnp.pumped.moos.costs Mr sot dryad.Earthwork ov*mme coats Yr refine aoel.r.ly1 do to awl sea s0M94% 10 Insurance(1.2511) $332,516 $000 3332516.00 126,935.60 530370.78 $0.00 157.13566 17% S275.17 34 65.73381 11 00*71.441400%) 51804.051 5039 51,064921.03 557346.79 $98.430.45 $0.00 1185,77727 1116 5418.27373 51157773 12 P1.(500%) 51383257 $0.00 $1,383,267.00 511355061 $127.959.63 00.80 9241510. 17% 51,141756.56 324/5104 129381,1110E 5039 $29.351.117.00 52304 5620752667.152.13 $0.60 5507171921 17%S24,309.397.19 $507 171 32 oaua A B C 0 I E F G H I raEw. OEecRolln.os wGRN WOR.COMPLETEo Icrcl RETuwoE pos., PRESENTLY, COMPLETED TOTAL CONTRACT 56drt,Vs It•of v.sw ORM. ''`ERE e113VR1 11t.Etf0D (NOT IN t Dcriaba DONE, • 10•w Wors El MIn 1 EaMwars $3881001 10.00 $389100100 S2.291fi43.78 1547.562,27 30.00 52,839,20605 73% 51,051.794.35 52613.921361 M.6a Graded at amphitheater hwl...areaWMH2ye sums(Eart.ors pe.e8364,per albch.Ges11i).Fn.nGh8d9 at Sid Loop Road,A1pre9ah sod Incl..foru.olcbn*cue road 2 Wound l7889348.46 51530.150 5000 31,530,16083 5725,35000 $0.00 $000 172539083 47% 6e0e.e00.00 37153600 3 SYll.ba$•Storm.6an0mry,W.Yr $2913.227 $000 32,943,227.00 S1172.200.45 $236,972.90 $0.00 51,409.17335 el% 31511.05365 514091734 L4be16.Rudnaolo*a46Yn oh si.6ntry veer.mlm..her...hrdreMmbuhon pd.6sorctur.Meba4uE.rc.s 4,5.35.per a8claa E4n.9 4 SOY 89..-E1coc $1 530651 5300 51.530.651.00 $0.00 $50.000.00 0000 550 00000 3% 31,e60651.= S5.601ID Mb9Yabell Ms.Labar 6.Rudrr9M to n0hl undargou3 co1NUY for pr..ry power rou9Rn 1M lead-ah b Buixrp 1(P9rlorma.e Platform. 5 Concha Pay.A Curbs $4031.233 $000 $4.031233 00 50.00 124.294.50 30.00 1248,294.50 6% $3,782 935.50 $24,829.45 Mb83 Don hes.1Oor.M.eudmeM to n.h1 conc.curly at pera1br bop ream 6 A.pbalt Paysg 50,164.130 6000 65,164,130.00 30,00 1222941,94 $0.00 $222.541.94 4% 659at286.06 $22,25e.18 14601v.0onY.ea,Umber and e3udm.Mror autpraMum8M s.b.ston,asp..pavement pave bane Dour..H perm.hr loop road 7 L4M049.01179e9011 12,070,424 Sam 12.070424.00 $0.00 30.00 $0.00 $0.00 0% 52 A70.424.00 50,00 5 Gana.Corded. 62.524377 SOSO 52,52427700 1355.711.70 5110.000.00 10.00 1495.111.75 18% 52,058665.22 346571.16 GenralcoMh6hl mens4..M aMw.rvu00h..904H.ou.. 9 Nook.* $1016.060 $um 11.016.00800 542.176.54 12,133.54 $0.00 544.31048 2% $1671269.62 $4431. E.r0Ho13 4r.r8la ID11 .hha h.gad.O.need or.chm.M vae.1 for asp..crow 10 wu76104(125%( 0332.516 3000 $332516.00 557.336.66 517.722.56 $0.00 $1506122 23% 1257.454.18 67,506.12 11 0v.080.0(4609) 11.064,051 $000 $1,064.05100 5105.111.27 157.421.11 50.00 1243.198.38 23% 3820452.62 $24.31984 12 P1419(5.00%Org.a1,3.50%Change 51303267 $000 1138326100 S241510.44 S52.253.21 5000 1293.763.64 21% $1.060,50336 $29,37636 529351117.00 5000 529301.11700 55011119.2091345202.03 50.00 $6916.02123 23%$22.764.195.11 $661002.12 Nov-24 ( A B C 0 ( E F G - BALANCE 1 • No 6 Tom. AMAMOK1...Rs 'PRESENT, COMRETED IOrcl nCIN FM.. WALut 01658 VALDE 460911r1 Tee MOO IN TO 061c100017 1 0 oRE1 )0• Ts) 91Wdrh I Ea.Ea... 53891031 $996154,32 14987.15532 $2:39206.05 5302911.02 50.00$3.142117.07 fit% 11 245 038 25 S314211.71 Mass Grads9H.mpf4.abrbe.Ypl3.gn.aabM...aroma(Earl.els pl...3,per.tcl.d.sn.9 2 0r47*.11119744.r180118 $1 530 160 478440000 $115.26000 1725.38000 $000 $000 1725.36013) 9116 520.e00.00 672.53600 3 Si*0tlb.-Som.6ana.ry.Waar $2943.227 6169033.11 $3.712.260.11 $1.139.173.35 $505,69245 5000 51915.15580 52% $1.797,094.31 619151656 Labor 6epudment Yr.m1ben rasa.s4na.rye.wH,alarm...61.0000*d.nharn p..6s6ucbr..OU. ,sequences 4.5.6.61.pot attached EMI. 4 See.or.-E.t.a $1,530,651 41.38600 51 351 265 00 S50,000.00 50.00 $0.00 550,00000 4% 11311,265.00 15000110 5 Concrete Perv9/Cully $4.031,233 454202930 13,186.e03.70 S248.294.50 5000 50,00 $246,294.50 8% 12,940.100.20 624629e5 6 Asphal Po. 16.164,130 f401,51560 56565.64560 $222.841.9431M1,14730 $0,00 516fi9,98933 25% $4.895.88.47 $166.99893 Labor and....MO Sub..corned.bbe..187 and hpas base wulw and deface course asphalt...meter bop road 7 L8n.ap.g 611198181 $2070424 $187.550.45 52,258313.45 10.00 60.00 $0.00 50.00 0% $2,258.313.45 5000 8 aural Co..ons $2524,311 $0.00 52.524.31100 $465.711.70 $13000000 6000 5595.711.76 24% 11,926865.22 519571.15 a.hlCo..cbr management.M superv8an Ms.pro..son sob 9 08...89 31916.060 450000000 3141608000 54431038 $000 $000 641.31035 316 $1371.26962 0401 1 10 Ins7*1a70e(125%) 5332.515 $724.71 5333240.71 575.05122 129825.61 50.00 3104.88666 31% $226353.85 31048849 11 04e174a4(40096) 11064.051 1,612.63 51.068.66363 $243.198.38 196,63506 $0.00 5339833.44 32% 1128,830.19 533.08334 12 Prrt11500%Ord....350%Change 11363.267 4338329.39 51,0..93781 $293.163.E4 151937.90 $000 5351,70154 37% 5863.23607 138.170.15 $29381,117.00 427301481 129.106.10233 $6518021.233290044946 30,00 59,217,370.69 32%519.886131.61 $921.73707 Gec.24 A 6 C I 0 1 E F 0 M I FEY .P 06N.aneoSpn woo, 1511o.N6 warp COMPLETED 111412/64L. TOTAL (%c METONYM 8.eo904 r Cr pe660. 0-01 SWIM 0MM8 vru6 444016111 1c16116l*p00YE Pee 0ub0 n 0c66) ( ) Pi_ EaMwelk $3,691001 $996.156.32 $6.867.15532 $3,142.117.07 653750e32 10.00 $3,6708213g 75% $1,207533.63 $367.362.14 Mass Graomg at amph01ea1kr bengparkulg areas/landscape areas(Earthwork phase 3.per attached exhibit) 2 Ground Impovemente $1 530.160-6764.400.00 5765.760.00 $725,360.00 $20e0000 $000 $745,760.00 100% $0.00 674.576.00 Concrete cmppry al piles to remove excess grout por b MrV in n6a,b pte cap boar%* 3 64 Uf6Ws-Worn,Santry.Water $2963227 576903.11 $3.712.260.11 $1915.165.80 5605,046.54 50.00 S2,52021434 66% 61192045.17 024021.43 LAW,epuOmen1 Or 46.061on of See aen0rvsener,Nofen sewn.aatelrlee 6ambueen ope 6 lucwre6(WMos Sequences 46 S.7.per attached Exhpe) 4 Sae l/tlbs•Ebc5c $1,530,651 410338000 $1,361,26500 $50,000.00 529.700.00 $0.00 $70.700.00 6% $1.281.56500 S707000 Underground condu6 roughn110r Both,2 Dad-Ds horn prmaryse1vices S Concrete Pavvo 1 0u.0. $6031233 4642,82930 $3,188.603.70 $248,296.50 $0.00 50.00 $218,294.50 8% 32,840.100.20 $0.00 6 A1pha6 Paving 36,184.130 $401,515.60 55565,66580 $1 B66.9.33 60.00 $0.00 $1,669.66633 25% 04.695656.47 3166,46893 7 Landecapvp 6 bgaeon $2.070.424 5187,889.45 4.256,313 65 50.03 $50,000.00 $0.00 650.00000 2% $2,206,313.45 65,003.00 Freston control sebrp bbnkeb installed at p5rne0r bop road Senra to prevent hom Norm wbr wslwul a emsen 6 Control GondOons $2.44.377 6000 4.526377.00 5565.711.71 $130,000.00 $0.00 S725.711.16 29% $1,799.695.23 372.571.16 General Con56cb,mnnegerneM and sup.rvppn lees.Protecl.Ptt cost. 402a.rces 51916.080 4540,0043 51416.080.00 $41,310.30 $0.00 $000 544,31036 3% 51.371.759.62 $4.63106 Io 11021.10e(1.25%) $34316 $724.71 $335260.71 3159,866.86 317,158.16 3090 6122015.02 37% 6211,115.60 $12,20650 11 02e1M46(60055) $1,064,051 04.612.63 31,068,683.63 $336,833.44 655,592.44 3043 $395,42568 37% 1873,237.75 336,56259 12 Prot 4(5.00%0,q.463.50%016mo 01.383.267433032939 01.044,837.61 S301701.54 150,5E19.12 $0.00 $432,290.66 41% 1612,646.95 143229,07 929.301,117.00 4275014/7$29.106.10233 $8211,370.19 11,495.962.58 $0.00$10,113,38327t 3711'31g,868,131.M 31046,50098 Earthwork Sequencing PI an IGENERATORI 0551100 0 0.0, .1•1•10 0714516715C-7 .16171.71110 0.0.111TIICT .57.07:7070011 •--I— 1 IL - _A\\___ .,....,,--:,, 11/11.7051715•1.1104610011 • OF • 0,,41-, `^0 ---'-' --s-- : i I 1 \ — \ 1111101 P.M•11.0C 11.0510111011 , . 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K K../.-.." K., Z' -------•----____....-....-....."- ---- , V' /-'.--'. --___----- - I / \ / / r i Atin M g 11)01 Contour • Es Esteem Msnor Contour I n Proposed Map,Contour Proposed Minor Contour it. C 1 1 4 ' i ----- • 8•6010 .., ISENERATOlti: Malin ,euMr10 CuMrIS Culvert LI CuMr1,0 O.A.V.N1 Site Utilities Sequencing Plan me,..... ,...._...„,,„.....__,. , .. ....,--- . PENDING LOWERING _ OF MAGELLAN LINE , V....trutkrst Ca..er, --- ''' _L_ • • . . ".. - -- ,--- STRUCTIMAI.IIMMIN .---' 4( y FL= 1 ,.. \i, /7/ Mal,PLUMB&BI.=EMMEN .......--—_l_ /%40'. .-IP.%-. lilt .4- - "--T''• - 'F'''' 't -'. 1 I — . ,y___AIL___ 1-7:— ;,,,...,i'il: t jj 8 i 1 1.141050...AltC.111Xci cio zNaj- 0 _,' - ,-.. _ ''f lir , . // , i - II , . ''.Z....:41 . 1 1..) •aiii..."."24.or in.41; ,..,,,...,-;, ...............,"IF '....... .1 Air ''..N.. ' :461iiii.4;;IIMMIlnin!......,,„..._,...:„,4_ ____---- .,,,_,..,..... 7.1e,„,, .•,. . - - .----7,. --. --17,Nr. '------ ..„.... . , i 4111- ---------- .,___,-.'"/__.5----'"No.-/----- — ___-- -- — ii., '.-' ' e• IT•litCOMITY i . r..... . . „__., , :: .7... 1 ,.. n __________ "T 1 _ _.. L.......,:,......:i.„_ . ......, ,,....r...A06,47._,:.. ...07...., , \ .A.t.A._ ler, t (, 11r_____ _____ ____ _,../__________ ___ , r, i, li, ...„ ____ ,.... .....,& , _., ../.4 ........\\.....), . , ,\ 4 i ) 1 0_1-- 1 -FT- -lb ...••• /f ---__ i .sr!inf.:21...: a.,,- Trx; umme I 1 '''' 1 : wt, 11141741--->-• ...- I. .,1„ . , , ti 8 ___ ...art ft " 1th 1 i / / ' •••'-- ' . '.• , • 11111E _717•44.34.211 7.1147,10.13 1 fl iif ... ,fr... --=... , v _.--: --____, .\\ ‘4 so II •_.. .„„__. 40 , .2,7 -,--‘7,77),5--z,--,--...er j_____ ______— . .:,..:_l I' • _.___:-...------ee -I--k•, ': ,,,,,„.1„,, A tin,____44.1t1 - itime*--.,A*4&- c awl Aro OA --.., a Nvt44pee47 ____,.. '----, ' —. A , -_ zof, 0 •(‘ k ,) \\ VirP .11,4/W464'i 1"" g' ...__ ,,:_44412i,,,,,,,• 24.4 -,r /------- 0 ,......„, .. ........._, .c.,.„ /: 0.11P 7,17--------_____ _ .------__ --------- -- . ,------ RIVERSIDE „..... ,\ ,. / ' g \.."'•` - oetn--,-;,71 . .,..”.... ofilOi ''. J--- i/l/ 0*,%' -' -' \ • %-, " 414171/1- - IP7,-.7.!•.n NWOrn"..,,,, "I lit • , , AMPHITHEATER 0....o \l's ,,,-4, ., '•••,.,, b '; ,. ,..1.::„...11,,,01' ale., ,..•:I : .. .0. 0, 0.1' % Ifon,•••., .' ://,4,11 ..,it,N.,1111111!..1•010111‘n,.r.,11„..11111 A:b".____ IL ",p '''' 9' ''2, ‘ j.lr 4..,90.:,Irroy' ,•1...-=';ri., i• r"'. iik; 47,7-•---..,;-1-....1. if:cf 4 7--------- .--.-- ',.. 11•11 . - • ,44116- vogdi / — ,.„..„---, ___ , z i RIVERSIDE.ISDAME. • • iMicossmucnoio\\\ \ , ,,..,.„-• ; 1 I....._ ...I -...•.....6 if . - %Ira kui,...,,_...., ....414 kb,pi__, , •- '4---'•-•--------______—,'•• ,'' r .r.%am.. . .... I../ m.o.441 ..... ----'......-. .....,.......„-. 11/ N. .I . .- .•,..,,, '' .......1„._ ‘ i ...-... ,C......---' -- - •\:.,.,, - ' . • (), Drainage Map •o I:1'. row C—1 40 ...„, 0 BO' 100. , I t I . I, .. I • I . 1............. . • . , ATTACHMENT I Request No. 1 SCHEDULE OF PAYMENTS/REIMBURSEMENTS REQUESTED Payee Name Amount($) General Description Source(s)of Funds Live Nation Entertainment, Inc. $9,666,856.39 Public Infrastructure MDFB Docusign Envelope ID 627B69A6-5CC7-49A0-91 D2-F931 B03A3CA2 EXHIBIT G [FORM OF] CERTIFICATE OF PROJECT COSTS 1 (Riverside Amphitheater Project) Request No. 1 Date: 03 03 , 202 5 Governing Body of the City of Riverside, Missouri Pursuant to that certain Amended and Restated Development Agreement between the City of Riverside, Missouri ("City") and Live Nation Entertainment, Inc. ("Developer"), dated March 03 2025 (the"Agreement"),Developer requests payment or reimbursement of Project Costs(as defined in the Agreement)and hereby states as follows: 1. The date and number of this request are as set forth above. 2. All terms used and not otherwise defined in this request shall have the meanings as provided in the Agreement. 3. The following information, as applicable to this request, is as set forth on Attachment I hereto: (a) The names of the person(s), firm(s), corporation(s) and/or other entity or entities to whom payment has been made for which reimbursement is requested, or is due and proposed to be paid,hereby; (b) The amount so paid or to be paid hereby; (c) A general description of the cost(s) so paid or to be paid hereby;and (d) The source(s) of funds (e.g., State Funds and/or City Funds) from which such reimbursement or payment is requested. 4. The costs identified on Attachment I (a) have been incurred and paid, or are presently payable and proposed to be paid hereby, and (b) have not previously been paid or reimbursed with State Funds or City Funds. Docusign Envelope ID 627B69A6-5CC7-49A0-91 D2-F931 B03A3CA2 LIVE NATION ENTERTAINMENT,INC., a Delaware limited liability company By: Name: David Codiga Title: President Approv-• this day of , 20 CITY OF ' ERSIDE,MISSO I By: I�-�.��:_ Name: A 7r r��arr,5 Title: City Represe' ativ- Robin Kincaid From: Bednar, Joe <jbednar@spencerfane.com> Sent: Monday, March 3, 2025 3:33 PM To: Brian Koral Cc: Erika Benitez; Robin Kincaid; Kathy Rose; Mike Duffy Subject: RE: MDFB Disbursement to LiveNation ***This is an EXTERNAL email. Please exercise caution. DO NOT open attachments or click links from unknown senders or in an unexpected email. *** Brian, Section 4.6(b) states: (a) Disbursement. All requests to draw or receive reimbursement from State Funds and/or City Funds will be made in a "Certificate of Project Costs" in substantially the form attached hereto as Exhibit G along with reasonable supporting documentation (such as copies of bills, invoices, pay applications, contracts, receipts, check stubs, wire confirmations, lien waivers or such other documentation to confirm that the Project Costs relating to the draw or reimbursement request constitute Project Costs which are payable and/or reimbursable under this Agreement from the source(s) of funds requested to pay or reimburse the same). The City shall have ten (10) business days following receipt of any Certificate of Project Costs to review the same to confirm that the costs included therein constitute Project Costs payable and/or reimbursable from the requested source of funds in accordance with this Agreement, in which case the City shall approve the Certificate of Project Costs and disburse the State Funds and/or City Funds requested thereby to Developer, in the amount requested in the Certificate of Project Costs, within thirty (30) days following Developer's submission of the Certificate of Project Costs. If the City reasonably disapproves all or a portion of a Certificate of Project Costs on the basis of not complying with the criteria in this subsection, the City shall notify the Developer in writing of the specific reason for such disapproval within five (5) days following its initial receipt of the Certificate of Project Costs, and the Parties shall use their best efforts, time being of the essence, to work together to try to resolve any specific disapproved Project Cost impediment to approval. For any Certificate of Project Costs that has been only partially disapproved, the City shall proceed with disbursement in the amount of the approved Project Costs listed on such Certificate of Project Costs shall proceed to payment as described above. It does not appear any supporting documentation to Exhibit G has been provided. I would recommend that we request the supporting documentation forwarding the language to Louise above as the basis for the request. I would withhold payment until that has been provided and verified by appropriate City Staff. Joe Joe Bednar Attorney at Law Spencer Fane LLP 304 East High Street I Jefferson City, MO 65101 O 573.634.8116 C 573.230.8515 jbednarespencerfane.com i spencerfane.com "For there is always light, if only we're brave enough to see it. If only we're brave enough to be it." Amanda Gorman,A Hill to Climb 1 • From: Brian Koral<bkoral@riversidemo.gov> Sent: Monday, March 3, 2025 3:23 PM To: Bednar,Joe <jbednar@spencerfane.com> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Kathy Rose <krose@riversidemo.gov>; Mike Duffy<mduffy@riversidemo.gov> Subject: [EXTERNAL] RE: MDFB Disbursement to LiveNation [Warning]This E-mail came from an External sender. Please do not open links or attachments unless you are sure it is trusted. Joe — Mike received these back this afternoon from Louise. He is out for the day so I am forwarding them on — BK Brian Koral City Administrator P 816.741.3993 E BKoral@RiversideMO.gov CITY OF RIVERSIDE, MISSOURI 2950 NW Vivion Road I Riverside, MO 64150 I www.RiversideMO.gov Upstream from Ordinary. Stay Connected www.Facebook.com/RiversideM0 www.RiversideMO.gov Riverside recycles - please consider the environment before printing this e-mail. From: Bednar,Joe<jbednar@spencerfane.com> Sent: Friday, February 28, 2025 12:39 PM To: Brian Koral <bkoral@riversidemo.gov> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Kathy Rose <krose@riversidemo.gov>; Mike Duffy<mduffy@riversidemo.gov> Subject: RE: MDFB Disbursement to LiveNation ***This is an EXTERNAL email. Please exercise caution. DO NOT open attachments or click links from unknown senders or in an unexpected email. *** Brian, 2 I apologize I thought I had asked about the attached documents and whether they are a part of the Live Nation packet submitted for reimbursement as I had not received them. I will get an Ordinance to you shortly but we do need the attached documents completed prior to Board Approval and I apologize for not inquiring earlier about these specific documents. Joe From: Brian Koral<bkoral@riversidemo.gov> Sent: Friday, February 28,2025 11:37 AM To: Bednar,Joe<jbednar@spencerfane.com> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Kathy Rose <krose@riversidemo.gov>; Mike Duffy<mduffy@riversidemo.gov> Subject: [EXTERNAL] RE: MDFB Disbursement to LiveNation [Warning]This E-mail came from an External sender. Please do not open links or attachments unless you are sure it is trusted. Good morning, Joe - I think Finance and the Clerk are working on packet this morning - did you have an ETA on the authorization for the disbursement ? @Mike Duffy Finance will need info from the LN team on where / how they would like to receive the reimbursement once approved. ACH information, etc. Erika can help there but that will be what we need to be able to send funds once the Board has approved the reimbursement. Thanks all ! BK Brian Koral City Administrator P 816.741.3993 I E BKoral@RiversideMO.gov CITY OF RIVERSIDE, MISSOURI 2950 NW Vivion Road I Riverside, MO 64150 I www.RiversideMO.gov Upstream from Ordinary. Stay Connected www.Facebook.com/RiversideM0 www.RiversideMO.gov Riverside recycles - please consider the environment before printing this e-mail. From: Bednar,Joe<jbednar@spencerfane.com> Sent:Thursday, February 13, 2025 12:46 PM To: Brian Koral <bkoral@riversidemo.gov>; Mike Duffy<mduffy@riversidemo.gov> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Kathy Rose 3 <krose@riversidemo.gov> Subject: RE: MDFB Disbursement to LiveNation ***This is an EXTERNAL email. Please exercise caution. DO NOT open attachments or click links from unknown senders or in an unexpected email. *** Thanks for the update! Joe From: Brian Koral<bkoral@riversidemo.Rov> Sent:Thursday, February 13, 2025 12:41 PM To: Mike Duffy<mduffy@riversidemo.gov> Cc: Bednar,Joe<ibednar@spencerfane.com>; Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid(a@riversidemo.gov>; Kathy Rose<krose@riversidemo.Rov> Subject: [EXTERNAL] Re: MDFB Disbursement to LiveNation [Warning]This E-mail came from an External sender. Please do not open links or attachments unless you are sure it is trusted. Joe- Erika has indicated that we will not receive the funds from the state until late next week so this won't need to be on the agenda until the first meeting in March. Thank you - BK Brian Koral City of Riverside, Missouri Upstream from ordinary. Sent from my iPhone On Feb 13, 2025, at 11:29 AM, Mike Duffy<mduffy@riversidemo.gov>wrote: Joe— 4 Attached is the documentation that was provided to MDFB. Brian already sent you the disbursement request form that we provided to MDFB. The request covered work completed from June 1,2024 through December 31, 2024(see sheets 1- 3 of 507A). The amount is based on the work completed for the period minus that amount held in retainage. Those figures are totaled at the bottom of columns G and I on the December invoice on sheet 3 of the attachment 507A. Thanks, Mike Michael Duffy, AICP Director of Community Development City of Riverside 2950 N.W. Vivion Road • Riverside, MO 64150 Phone: (816) 741-3993 Fax: (816) 746-8349 Direct: (816) 451-8179 Cell: (816) 365-3477 From: Bednar,Joe<jbednar@spencerfane.com> Sent:Thursday, February 13, 2025 11:15 AM To: Brian Koral <bkoral@riversidemo.gov> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid<rkincaid@riversidemo.gov>; Mike Duffy <mduffy(c-i riversidemo.gov>; Kathy Rose<krose@riversidemo.gov> Subject: RE: MDFB Disbursement to LiveNation ***This is an EXTERNAL email. Please exercise caution. DO NOT open attachments or click links from unknown senders or in an unexpected email. *** Brian, Thank you. Can you also send me the backup for Exhibit A Disbursement Request No. 1, "Each item listed above is a proper Project cost. Attached hereto are invoices, statements, bills or other documents evidencing the fact that such payment is due"? Thank you. Joe From: Brian Koral<bkoral@riversidemo.gov> Sent:Wednesday, February 12, 2025 2:30 PM To: Bednar,Joe <jbednar@spencerfane.com> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Mike Duffy <mduffy@riversidemo.gov>; Kathy Rose<krose@riversidemo.gov> Subject: [EXTERNAL] RE: MDFB Disbursement to LiveNation 5 [Warning]This E-mail came from an External sender. Please do not open links or attachments unless you are sure it is trusted. Thanks Joe - If we don't receive the funds by Friday, we'll hold it until the following meeting since it hits both as a reso and the bill pay :-) The exact amount is on the attached - BK Brian Koral City Administrator P 816.741.3993 I E BKoral@RiversideMO.gov CITY OF RIVERSIDE, MISSOURI 2950 NW Vivion Road I Riverside, MO 64150 I www.RiversideMO.gov Upstream from Ordinary. Stay Connected www.Facebook.com/RiversideM0 www.RiversideMO.gov Riverside recycles - please consider the environment before printing this e-mail. From: Bednar,Joe<jbednar@spencerfane.com> Sent: Wednesday, February 12, 2025 2:27 PM To: Brian Koral <bkoral@riversidemo.gov> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Mike Duffy <rndutfy n ersidemo.gov>; Kathy Rose<krose@riversidemo.gov> Subject: RE: MDFB Disbursement to LiveNation ***This is an EXTERNAL email. Please exercise caution. DO NOT open attachments or click links from unknown senders or in an unexpected email. *** It was not too bad here. I will prepare an Ordinance for Tuesday. Joe From: Brian Koral<bkoral@riversidemo.gov> Sent: Wednesday, February 12, 2025 12:27 PM To: Bednar,Joe<jbednar@spencerfane.com> Cc: Erika Benitez<ebenitez@riversidemo.gov>; Robin Kincaid <rkincaid@riversidemo.gov>; Mike Duffy <_ri i_,ffy Uriversidemo.gov>; Kathy Rose<krose@riversidemo.gov> Subject: [EXTERNAL] MDFB Disbursement to LiveNation 6 [Warning]This E-mail came from an External sender. Please do not open links or attachments unless you are sure it is trusted. Joe - Hope yall didn't get too much snow in JCity - glad there wasn't ice this time ! I don't believe we have received it yet, but once we receive MDFB disbursement for the first $9.7M in funds for public infrastructure, did you want to have an ordinance / resolution authorizing the reimbursement back to LiveNation similar to how NorthPoint MDA reimbursements were handled ? Let us know how you'd like to proceed on that - thanks ! BK Brian Korai City Administrator P 816.741.3993 I E BKoral@RiversideMO.gov CITY OF RIVERSIDE, MISSOURI 2950 NW Vivion Road I Riverside, MO 64150 I www.RiversideMO.gov Upstream from Ordinary. Stay Connected www.Facebook.com/RiversideM0 www.RiversideMO.gov Riverside recycles - please consider the environment before printing this e-mail. <507A- Invoices with Descriptions Through Dec 2024.pdf> 7