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Home My WebLink AboutR-1999-027 Washington Association of Minority Entrepreneurs, Inc.RESOLUTION NO. R-99- 27 A RESOLUTION endorsing and supporting the Washington Association of Minority Entrepreneurs, Inc., a locally based, private non-profit corporation; California Lutheran Homes, an established senior housing management firm; and Community Development Resources, Inc., an established developer, in their efforts to establish a low and moderate income housing project ("Mercado & Senior Housing Project") within the Community Development Block Area of the City of Yakima. WHEREAS, the Washington Association of Minority Entrepreneurs, Inc ("WAME") is a private non-profit corporation and is recognized as such by the United State Department of Revenue under Section 501(c) (3) of the Internal Revenue Code; and WHEREAS, WAME is also a state recognized Community Housing and Development Organization ("CHDO"); and WHEREAS, the primary purpose of WAME is to promote economic development opportunities for low and moderate income persons and businesses that serve low and moderate income persons;.and WHEREAS, WAME has a professional staff with knowledge and experience regarding economic development and creation of jobs; and WHEREAS, WAME has been an established City of Yakima business for the last seven (7) years; and WHEREAS, WAME has been working in partnership with the City of Yakima to eliminate blight and revitalize neighborhoods within the designated Community Development Block Grant Area of the City, including the development of a low and moderate income housing project known as the Mercado & Senior Housing Project; and WHEREAS, California Lutheran Homes, a non-profit corporation, is an established senior housing management firm and has been partner with WAME in the development of pre- planning documents to help access capital for the Mercado & Senior Housing Project; and WHEREAS, Community Development Resources, Inc. ("CDR"), a private development corporation, is an established developer that is involved in the development and construction of the Mercado & Senior Housing Project; and WHEREAS, the City of Yakima's Economic Development Committee has endorsed the Mercado & Senior Housing Project as a viable job creation program; and (Ik)res/wane/pm -1 WHEREAS, the City of Yakima's Consolidation Plan recognizes that senior housing is a priority; and WHEREAS, the City of Yakima has previously allocated pre -development federal HOME monies to WAME for the Mercado and Senior Housing Project; and WHEREAS, WAME represents that the Mercado and Senior Housing Project will address a variety of needs of women, minorities, and senior citizens segments of the community, including the following: Provide decent, safe, sanitary and affordable housing for senior citizens. Provide a commercial retail center for new and emerging entrepreneurs with a primary focus on women and minorities. • Promote tourism within the City of Yakima and the surrounding area. • Help create jobs for youth and residents of the surrounding distressed area. • Help rejuvenate and remove blighted properties from the targeted area, while helping to bring about much needed infrastructure. • Will strive to create a collaborative agreement between the private and public sectors for the enhancement of the cultural heritage of the Hispanic community. WHEREAS, the City Council has determined that it is in the best interest of the City to support WAME and its partners in their development of a Mercado and Senior Housing Project, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The efforts of the Washington Association of Minority Entrepreneurs, Inc., a locally based, private non-profit corporation; California Lutheran Homes, an established senior housing management firm; and Community Development Resources, Inc., an established developer, to establish a low and moderate income housing project ("Mercado & Senior Housing Project") within the Community Development Block Area of the City of Yakima are hereby endorsed and supported by the City of Yakima. ADOPTED BY THE CITY COUNCIL this � (p • day of March 1999. ATTEST: City Clerk (Ik)res/wame/pm - 2 ,'_l-1 ohn Puccinelli, Mayor BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No: 1 For Meeting of: March 16, 1999 ITEM TITLE: Resolution supporting Washington Association of Minority Entrepreneurs, Inc. effprts to develop the Mercado Project. SUBMITTED Billiam Cook, Director of Community and Economic Development CONTACT PERSON/TELEPHONE: Bill Cobabe, Manager, Neighborhood Development Services (509) 575-6101 SUMMARY EXPLANATION: The Mercado Project is a proposed senior housing and commercial development to be located in the City's CDBG target area. A partnership to secure financing for this project has been proposed which will include: *Washington Association of Minority Entrepreneurs (WAME), a nonprofit community development corporation and certified CHDO, +Community Development Resources, Inc. (CDR), a for-profit, minority-owned development and construction management business, *California Lutheran Homes, a non-profit senior housing developer and operator, and *The City of Yakima The Mercado Project as proposed will create jobs, physically enhance the community, and support local economic development efforts. The attached resolution discussed and recommended for Council action at the Council Study Session on March 2, 1999 expresses the City's support for the project, without obligating any funds. Resolution Ordinance Contract Other Specify Funding Source APPROVAL FOR SUBMITTAL: City Manager STAFF RECOMMENDATION: Accept the project. BOARD/COMMISSION RECOMMENDATION: COUNCIL ACTION: