Authorize Supplemental Agreement No. 2 to the Construction Manager at Risk (“CMAR”) Contract with Trinity Alliance Ventures, LLC, a joint venture, to provide (1) City’s acceptance of GMP 2 for construction services for the Kay Bailey Hutchison Convention Center Dallas (KBHCCD) Master Plan - Component 1 (hereinafter “the Project”) comprised of the Expansion West of Lamar Only and any related demolition associated with the Project located currently at 650 South Griffin Street, Dallas, Texas 75202 in an amount not to exceed $695,680,181.00 (which includes the CMAR’s contingency of $33,663,971.00); (2) Owner’s contingency of an amount not to exceed $21,799,560.40 for a total Supplemental Agreement No. 2 price not to exceed $717,479,741.40 increasing the total CMAR Contract price to date from $266,914,830.00 to $984,394,571.40 (which includes an owner’s contingency of $21,799,560.40 and a Guaranteed Maximum Price of $695,680,181.00); and (3) the establishment of appropriations in an amount not to exceed $717,479,741.40 in the CCT 2025 Senior Lien Special Tax Revenue Notes Fund - Not to exceed $717,479,741.40 - Financing: CCT 2025 Senior Lien Special Tax Revenue Notes Fund *In alignment with Kay Bailey Hutchison Convention Center Dallas Master Plan.

This resolution authorizes Supplemental Agreement No. 2 to the Construction Manager at Risk (CMAR) contract with Trinity Alliance Ventures, LLC for the Kay Bailey Hutchison Convention Center Dallas (KBHCCD) Master Plan - Component 1. This agreement includes:

• Acceptance of GMP 2: For construction services related to the Expansion West of Lamar Only and associated demolition, with a Guaranteed Maximum Price (GMP) not to exceed $695,680,181.00. This GMP includes a CMAR contingency of $33,663,971.00.
• Owner's Contingency: An additional owner's contingency of up to $21,799,560.40.
• Total Supplemental Agreement No. 2 Price: The total for this supplemental agreement will not exceed $717,479,741.40.
• Increased Total CMAR Contract Price: This brings the total CMAR contract price to date from $266,914,830.00 to $984,394,571.40.
• Appropriations: Establishment of appropriations not to exceed $717,479,741.40 in the CCT 2025 Senior Lien Special Tax Revenue Notes Fund.

The project is located at 650 South Griffin Street, Dallas, Texas 75202 and aligns with the KBHCCD Master Plan. The total estimated budget for the project is now between $3.1 billion and $3.3 billion.

This action significantly increases the total contract price for the Kay Bailey Hutchison Convention Center Dallas Master Plan to nearly $1 billion, funded through the CCT 2025 Senior Lien Special Tax Revenue Notes Fund. Residents may see future impacts related to the convention center's expansion and associated debt obligations.

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