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Dubuque Racing Association D&I Expenditure Request for Valet Canopy Concrete Replacement Copyrighted November 18, 2019 City of Dubuque Consent Items # 25. ITEM TITLE: Dubuque RacingAssociation Depreciationand Improvement Fund Expenditure Request SUMMARY: City Manager recommending approval of a requestfrom Dubuque Racing Association President Jesus Aviles is requesting approval to spend from the Depreciation and I mprovement Fund to replace the concrete near the main valet canopy at the Q Casino. SUGGESTED DISPOSITION: Suggested Disposition: Receiveand File;Approve ATTACHMENTS: Description Type Dubuque RacingAssoc Depreciation and Impro�ment City Manager Memo Fund Exp Request-MVM Memo DRA/ Q Casino Request Supporting Documentation Dubuque THE CITY OF � AIFMerisa Cfh DuB E 'ill �' Master iece on� tl2e Mississi i zoo�•zo�z•zo�3 P PP zoi�+zoi9 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Dubuque Racing Association Depreciation and Improvement Fund Expenditure Request DATE: November 14, 2019 Dubuque Racing Association President Jesus Aviles is requesting approval to spend $38,928 from the Depreciation and Improvement Fund to replace the concrete near the main valet canopy. I am respectfully recommending Mayor and City Council approval. ��� �� ���� Mic ael C. Van Milligen �� � MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Teri Goodmann, Assistant City Manager Cori Burbach, Assistant City Manager Jesus Aviles, President Dubuque Racing Association -�Y-.� C A 5 I N O Date: 11/13/2019 To: The Honorable Mayor and City Council Members CC: Michael C. Van Milligan, City Manager From: Jesias M. Aviles, President and CEO/ Dubuque Racing Association Issue: Replacement of Main Entrance Concrete As required in the Amended and Restated Lease Agreement between the City of Dubuque and the Dubuque Racing LTD., I am formally requesting City approval to replace the concrete to the left and right of the main valet canopy. The concrete is breaking up due to settling. The recommendation is to spend $38,928 with the low bid from Quality Concrete Construction. The source of the funding for this project is the Depreciation and Improvement Fund (D&I Fund), which has a balance of$1,068,384.71 and an available amount of$818,384.17. The required minimum for the D&I Fund is $250,000 per the City/DRA Lease Agreement. If you require additional information or further clarification, please contact me. Thank you for your consideration in this manner.