HomeMy WebLinkAbout07/05/2022 06.G. Resolution authorizing the City of Yakima to participate in a SIED application on behalf of the Yakima First Partners, LLC for a project at South 1st Street and Russell Lane Y�'1114'+
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.G.
For Meeting of: July 5, 2022
ITEM TITLE: Resolution authorizing the City of Yakima to participate in a S I E D
application on behalf of the Yakima First Partners, LLC for a project
at South 1st Street and Russell Lane
SUBMITTED BY: Joan Davenport, Community Development Director
Bill Preston, City Engineer
SUMMARY EXPLANATION:
The City of Yakima has been requested to authorize an application with the Supporting
Infrastructure for Economic Development (S I ED) program to fund an improvement to the
existing street intersection of South 1st Street and Russell Lane. There is an existing traffic signal
at this intersection. Russell Lane will be re-aligned to utilize this existing signal. This project will
open up about 5 acres of commercial property and make more efficient use of our street network.
The private party will pay the local match and is responsible for the loan repayments. The project
is requesting $416,000 in grant, $416,000 in loan and $168,000 in local match.
ITEM BUDGETED: NA
STRATEGIC PRIORITY: Partnership Development
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
Adopt Resolution
ATTACHMENTS:
Description Upload Date Type
Resolution Authorizing City to Support SIED Application 6/30/2022 Resolution
for YFP,LLCr
D SIED application 6/30/2022 Corer Memo
2
RESOLUTION NO. R-2022-
A RESOLUTION authorizing the City of Yakima to support the grant and loan application of
up to $1,000,000 from Yakima County Supporting Investments in
Economic Development (SIED) fund to install street and traffic signal
improvements in the vicinity of South 1 n Street and Russell Lane for
Yakima First Partners, LLC, in the City of Yakima.
WHEREAS, The City of Yakima has established that public safety, especially on public
streets, is a Strategic Priority for the City Council; and
WHEREAS, The City Council is committed to assisting existing businesses, supporting
new development as feasible and the preservation of the community employment base.; and
WHEREAS, Yakima First Partners, LLC proposes to make more efficient use of the
existing traffic signal and street network on South First Street by re-aligning and improving Russell
Lane, and
WHEREAS, South 1st Street is a classified Principal Arterial that carries approximately
18,500 Average Trips a Day (ADD and is a designated truck route. Additional traffic signals are
not necessarily advantageous, and this project proposes to make more efficient use of the existing
infrastructure; and
WHEREAS, the improvement of city streets to improve public safety is a priority. In this
case, Yakima First Partners, LLC proposes a significant improvement of the existing street and
will create additional jobs in Yakima, enhance the commercial node on South First Street and
reduce potential traffic safety concerns; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is hereby authorized to support the grant application with the Yakima County
"Supporting Investments in Economic Development" program in the amount not to exceed one
million dollars including $416,000 in grant, $416,000 in loan and $168,000 in local match, with all
repayment and local match to be paid by the private developer (Yakima First Partners, LLC).. A
copy of the draft grant is attached hereto.
ADOPTED BY THE CITY COUNCIL this day of , 2022.
ATTEST: Janice Deccio, Mayor
Sonya Clear Tee, City Clerk
3
Yakima County
Supporting Investments in
Economic Development
Committed Private Business
Application for Funding
4
Threshold Requirements
All questions must be fully answered in order to qualify as a complete application. If you need more space for
an answer, please attach additional sheets as needed noting the corresponding section,for example "C2."
1 Resolution. A resolution or ordinance of the local governmental jurisdiction
authorizing the SIED application is required.
riP- roject Costs. Engineer cost projections for public project costs are required. SIED will
not entertain requests for project cost overruns. For the success of your project,
ensure project cost estimations are realistic.
1 Local Match. A local match of twenty(20) percent of the SIED request is required.
Local match may be demonstrated as cash or in-kind contribution.
Other Funding Sources. In addition to SIED, identify which public sources were
considered to fund this project. Indicate what the outcome was.
Planning. A statement is required from the planning jurisdiction relating to the type of
public facility for which a SIED investment is sought.
Permits. All public and private permits must be received.
nP- rivate project description. Job creation and private sector financing must be evident.
riC- ontingency Agreement. A complete Contingency Agreement(form included) is
required for all projects. The Contingency serves as the first level of convincing
evidence that the private sector development will occur.
nAcceptance of Reporting Requirements. The County is required to report annual
information on the use of SIED funds.A signed agreement(form included)to report
the use of SIED funds must accompany the application.
Please submit application to:
Yakima County Development Association
PO Box 1387,Yakima,WA 98907-1387
(10 North 9th Street,Yakima WA 98901)
Application for Funding,2018 Page 2 Yakima County S1ED Program
5
REQUEST FOR FUNDING (Funding is awarded 50% Loan and 50%Grant. No more than $1,000,000 total award from
SIED when loan and grant combined.)
Interest rates on loans are established when the County formally approves the project contract by using the County
Interfund Loan Rate, as authorized by law. Loans are given for a term of 10 years and annual payments are made in
equal amounts on June 15t of each year.
An interlocal agreement will be established between the County and the applicant specifying repayment dates and a
loan amortization schedule. Loan payment installments are based on an ordinary annuity, compounded annually.
If an applicant needs additional flexibility on loan repayment schedules they can request a deferral. Interest on loans
will continue to accrue from the date the contract is approved by the County, even if the applicant is granted a
deferral on their first loan payment.
If an applicant requests a deferral of the first loan payment,the applicant must justify the request.
A SIED loan is a general obligation of the jurisdiction receiving the loan. With acceptance of a SIED loan,the
jurisdiction agrees to the terms of the interlocal agreement regardless of the project which prompted the application
for SIED funding.
Applicant: City of Yakima Tax ID#:
Contact: Bob Harrison Title: City Manager
Phone: 509-249-9201 Email: bob.harrison@yakimawa.gov
Address: 129 N. 2nd Street City: Yakima Zip Code: 98901
Resolution Number Authorizing this Application for SIED Funding:
I hereby certify that the information given in this application to the Supporting Investments in Economic
Development Board is true and correct to the best of knowledge and belief.
Signature of Responsible Official:
Printed Name and Title: Bob Harrison, City manager
Indicate the full terms requested for SIED consideration:
• Loan Terms Requested: Lowest
• A deferral of the first loan payment(up to five years): 3
• Total number of years for repayment: 1 0
• Please provide justification If requesting a deferral of the first loan payment:
The City of Yakima requests a three-year deferral on the first loan payment so the private sector development activity
being supported in this application has time for the construction to be completed, and begin generating tax revenues for
the City prior to making the first deferred loan payment.
• Please provide justification if a lower interest rate is requested:
N/A
Application for Funding,2018 Page 3 Yakima County SIED Program
6
Executive Summary
The SIED Advisory Board takes many factors into consideration when making recommendations for funding.This
Project Summary highlights the main factors including: local match,funding from other sources,jobs
created/retained, wage rates,jobs created/retained per SIED dollar invested, new private investment, and new tax
revenues generated.
Russell Lane Improvement Project
Project Title:
Project Summary: Describe the public infrastructure project and the private development that will occur. Explain why
the private development requires the public infrastructure project:
Private Development:
The Yakima First Partners, LLC (YFP) proposal is to develop a 24 seat, 2,600 square foot Popeye's quick service
restaurant with a eating patio, drive-thru, and 37 parking spaces. The property currently encompasses one 1.11-acre
parcel that was previously used as a used car lot. The development will bring new retail restaurant establishments to
the City of Yakima.
The property is served by South 1st Street, a principal arterial to the East, and Russell Lane, a local access road, to
the South. The project is proposed to be served with public water and sewer.
The project has an estimated build out cost of$4,084,000 and the developer anticipates construction to be completed
in 2023. Public improvements will be constructed at the beginning of construction.
Public Development
Currently there is a three legged signalized intersection servicing the Home Depot entrance off South First Street that
prevents direct access to the proposed development. Adding a forth leg to the signal, creating a signalized entrance
into the restaurant was investigated. However the south edge of the signal is also only 50 feet from the north edge of
Russell Lane, which creates a traffic safety concern with the overlapping turn pockets. Therefore the northern portion
of Russell Lane will need to be relocated to align the public road with the existing traffic signal. The realignment will
require revisions to the traffic signal for an additional leg, and constructing Russell Lane to City of Yakima Standards.
The site is well suited for the proposed commercial development, the City of Yakima and YFP have reviewed
alternatives and found the proposed Russell Road realignment shown on attachment to be optimal. The road
realignment also rectifies the existing concerns. Without road revision to the development area, the required utility
improvements will far exceed the costs a developer could reasonable pay.
The City of Yakima and YFP has reviewed alternatives and found the proposed Russell Road realignment shown on
attachment to be optimal and the most cost-effective solution. The proposed signal and Russell Lane improvements
will rectify the existing traffic safety concerns, provide the ability to redevelop an existing vacant commercial lot and
allow much needed economic development opportunity in this undeveloped area.
Application for Funding,2018 Page 4 Yakima County SIED Program
7
Indicate the Minimum Necessary Total Public Project Infrastructure Costs (no more than $1,000,000 total award from
SIED when loan and grant combined):
416,000
SIED Loan Requested: $
416,000
SIED Grant Requested: $
168,000
Local Match (20%of SIED request): $
0
All Other Funding Sources: $
1,000,000
Total Public Project Cost: $
4,084,000
Total Private Investment in Plant/Equipment: $
Total Jobs Created/Retained: 30
35,000 44,000
Median Wage: $ Average Wage: $
Health Care, Dental, Vision See C7.
Fringe Benefits Offered:
3,500,000
Estimated Assessed Value of the New Plant/Equipment: $
27,733.33
Total SIED Request divided by Total Jobs Created/Retained: $
4.91
Total Private Investment in Plant/Equipment divided by Total SIED Request: $
Other Benefits of the Public Infrastructure Project:
In addition to servicing the proposed development, this project will provide important infrastructure to alleviate traffic
safety concerns, and increase connectivity to the City's transportation network for the existing commercial
businesses along Russell Lane.
The project will also promote future growth and utilization of undeveloped land further west along Russell Lane.
Adjacent property owners have had strong interest from a number of businesses interested in constructing facilities in
this area, but have been reluctant due to existing access concerns. While there are no additional plans for
construction at this time, this infrastructure project is expected to generate additional development within the area.
Application for Funding,2018 Page 5 Yakima County SIED Program
8
A. Public Sector Project
Al. List all funding sources for the public project and amount. Identify whether the amount has been provided or is
being requested. Provide the status and date the funds were approved or the date that funds are expected to
be approved:
SOURCE STATUS DATE AMOUNT
SIED loan requested Pending 7/15/22 $416,000
SIED grant requested Pending 7/15/22 $416,000
SIED Match -20% Pending 7/15/22 168,000
$
Total project costs $1,000,000
Funding to complete the Public Project must be secured within one year of a SIED offer of financial aid
A2. Will this project upgrade an existing public facility or build a new one? Upgrade Existing
Describe the entire public facility project, including the parts that you are not asking SIED to fund.
Russell Lane Improvement Project improves approximately 380 lineal feet of Russell Lane. The road improvements
will include new asphalt roadway with associated curb, gutter, and sidewalk. The project will also add a signal pole,
and striping revisions to the existing traffic signal allowing for Russell Lane to be realigned to this location.
A3. Specifically, for what element(s) of the public project are SIED funds requested?
SIED funds will be used in conjunction with private funds (SIED Match)for the 380 lineal feet public roadway
expansion and signal improvements.
Application for Funding,2018 Page 6 Yakima County SIED Program
9
A4. Describe how the public facility project will enhance or encourage other development in the immediate area in
addition to the direct development described in this application section C.
Russell Lane Improvement Project will increase the access to 4.19 acres of undeveloped General Commercial zoned
property and 4.51 acres of undeveloped Light Industrial zoned property. The improved access will encourage further
economic development in this corridor, and provide potential for much needed commercial infill. Full build-out of the
area anticipates an economic benefit of$20 million annually.
The project will inject immediate economic stimulus dollars into the City of Yakima's economy through the creation of
construction jobs. In the long-term, opening access to additional commercial and light industrial property along Russell
Lane will invigorate development.
A5. List all permits and environmental reviews required for the PUBLIC SECTOR PROJECT and give their current
status (applied for, application being prepared, permit issued, etc.)
ANTICIPATED
PERMIT ISSUER STATUS COMPLETION DATE
Stormwater Permit Dept. of Ecology Not Yet Started 10/1/2022
Plans& Specs City of Yakima Not Yet Started 2/30/2023
Permits to complete the Public Project must be secured within six months of a SIED offer of financial aid
A6. If environmental permits are not required for the project(e.g., Shorelines Permit, Environmental
Impact Statement, etc.), please explain why they are NOT required.
The proposed private restaurant project is below the City of Yakima SEPA thresholds and does not require
environmental review. The proposed improvements to the existing public roadways are not anticipated to require
environmental review as it would also be below the City of Yakima's SEPA thresholds.
Application for Funding,2018 Page 7 Yakima County SIED Program
10
AT Estimated schedule for public project completion. Indicate the month and year when the activities
listed have been, or will be, completed.
ESTIMATED COMPLETION DATE
(month/year)
Preliminary Engineering Report October 2022
Environmental Review N/A
All Required Permits Obtained January 2023
Design Engineering February 2023
Land/Right-of-Way Acquisition February 2023
Prepare Bid Documents March 2023
Award Construction Contract April 2023
Begin Construction May 2023
Project Operational July 2023
A8. What other jurisdictions, such as counties, cities, port districts, tribes, state/federal agencies are involved in the
planning, design, financing, construction or operation of this project?
N/A
Please explain how completion of the project is coordinated between other involved parties.
N/A
A9. Will the SIED public facility project be totally maintained by the applicant? If not, whom? Please explain.
The City of will operate and maintain all street improvements subject to this grant request.
Application for Funding,2018 Page 8 Yakima County SIED Program
11
A10. How will this project impact utility rates and public services within the jurisdiction?
There will be no impact on the utility rates. The City of Yakima will supply necessary public services.
B. Financial Information of SIED Applicant
B1. Other public sources of funding for public economic development projects are listed below and must be
investigated. In addition to SIED, identify which public sources were considered to fund this project. Indicate
what the outcome was.
Federal Grant/Loan Programs: YES NO OUTCOME
Economic Development Administration J r l ❑ Not Timely
Rural Development ❑ Q Not Eligible
FASTACT LI Q Not Eligible
Other ❑
State Grant/Loan Programs:
Transportation Improvement Board L ❑ Not Timely
Community Development Block Grant Not Eligible
Public Works Trust Fund ❑ Q Not Available
Department of Ecology ❑ Q Not Eligible
CERB Q ❑ Not Timely
RTPO/MPO LI Q Not Eligible
Other ❑ a
Other Funding Options:
Revenue Bonds ❑ Q Not Eligible
General Obligation Bonds ❑ ✓Q Not Eligible
LID ❑ Q Not Eligible
ULID ❑ Q Not Eligible
Other LI ❑
Application for Funding,2018 Page 9 Yakima County SIED Program
12
B1 continued: Provide a narrative of the investigation of the above referenced funding sources and the outcomes:
The City believes SIED funds are the most efficient resource to match with the private funds for this project because of
the need for additional commercial developed land, and community benefit in eliminating traffic safety concerns. The
public benefit from this project will have long term and broad economic impacts for the entire City of Yakima, not just
limited to the immediate area.
B2. In the context of the local government's overall annual budget, explain the need for SIED assistance. If the
applicant has budget reserves, please explain why these funds are not available for the project.
The City of Yakima does not have funds available to directly fund a project of this magnitude. The City's existing
budget for transportation improvements is very limited and primarily focuses on maintaining existing roads, with no
reserves available. The City of Yakima will utilize revenue generated by the development and developer agreement to
finance the project.
B3. Identify funds (General Fund, Utility Fund, Property taxes, etc.) that are eligible to repay a SIED loan:
The City will utilize a combination of reserves, property taxes, construction sales tax, retail sales tax, and developer
reimbursement for repayment of the SIED loan funding of the Russell Lane Improvement Project.
Will a revenue stream be generated that could repay a SIED loan outside of the system's normal operations
and maintenance costs? If yes, please explain:
The improvements will generate construction sales tax, and retail sales tax due tot he improvements in the developed
area. There are no anticipated additional revenue sources to pay back the SIED loan.
B4. If the local jurisdiction is not financially contributing to the project, please explain why.
The City is committed to the SIED loan repayment, although they will primarily use revenue generated by the
development and developer agreement to finance the project.
Application for Funding,2018 Page 10 Yakima County SIED Program
13
C. Private Sector Project Complete Section C and a Contingency Agreement for each
private sector entity.
In order to show that a specific private investment is ready to occur, but will do so only if SIED assistance is made
available to the applicant, SIED requires a signed Contingency Agreement(s) between the applicant and the private
sector representative(s). If a developer is involved, there must also be a signed Contingency Agreement between the
developer and the proposed tenant.
Private Sector Business: Yakima First Partners, LLC.
Contact: Allan Gantes Title: Chief Executive Officer
Phone: 949.305.6300 x234 Email: allan.gantes@hospitalityrsc.com
Address: P.O. BOX 53696 City: Irvine, CA Zip Code: 92619
CI. Describe the private development that will be supported by the public infrastructure/facility project.
The Yakima First Partners, LLC proposal is to develop a 24 seat, 2,600 square foot Popeye's quick service restaurant
with a eating patio, drive-thru, and 37 parking spaces. The property currently encompasses one 1.11-acre parcel that
was previously used as a used car lot. The development will bring new retail restaurant establishments to the City of
Yakima.
The property is served by South 1st Street, a principal arterial to the East, and Russell Lane, a local access road, to the
South. The project is proposed to be served with public water and sewer.
The project has an estimated build out cost of$4,084,000 and the developer anticipates construction to be completed in
2023. Public improvements will be constructed at the beginning of construction.
C2. Explain why the private development requires the proposed public infrastructure improvements
described in this application.
Currently there is a three legged signalized intersection servicing the Home Depot entrance off South First Street that
prevents direct access to the proposed development without the addition of a fourth leg to the signal. However the
south edge of the signal is also only 50 feet from the north edge of Russell Lane, which creates a traffic safety conern
with the proposed restaurant. Therefore the northern portion of Russell Lane will need to be relocated to align the
public road with the existing traffic signal. The realignment will require revisions to the traffic signal, adding an
additional leg, and constructing Russell Lane to City of Yakima Standards.
The site is well suited for the proposed commercial development, the City of Yakima and YFP have reviewed
alternatives and found the proposed Russell Road realignment shown on attachment to be optimal. The road
realignment also rectifies the existing concerns. Without the road revision to the development area, the required utility
improvements will far exceed the costs a developer could reasonable pay.
The City of Yakima and YFP have reviewed alternatives and found the proposed Russell Road realignment shown on
attachment to be optimal to be the most cost-effective solution. The proposed signal and Russell Lane improvements
will rectify the existing traffic safety concerns, provide the ability to redevelop an existing vacant commercial lot and
allow much needed economic development opportunity in this undeveloped area.
The site is not economically viable without SIED board assistance with this project and the site will likley remain under
developed due to the access challenges.
Application for Funding,2018 Page 11 Yakima County SIED Program
14
C3. Indicate the construction schedule (if applicable)for the proposed private sector project.
(month/year)
Private Facility Construction Begins October 2022
Private Facility Construction Completed August 2023
Private Facility Operational August 2023
C4. List all permits required for the PRIVATE SECTOR PROJECT and give their current status (applied for,
application being prepared, permit issued, etc.)
ANTICIPATED
PERMIT/ENVIROMENTAL COMPLETION
REVIEW ISSUER STATUS DATE
Type 1 Review City of Yakima Will submit in July August 2022
Building Permit City of Yakima In design September 2022
Civil Site Plans City of Yakima In design September 2022
Permits to complete the Private Project must be secured within one year of a SIED offer of financial aid
C5. What private authorizations remain prior to proceeding with the proposed private development project?
The only remaining private authorization for the Popeye's quick service restaurant will be the result of the SIED board
application. Once approval is provided, the project can proceed. Popeye's has approved the site and terms have
been agreed to and signed by both companies on the Letter of Intent. The Land Lease will formalize the agreement
and no obstacles are anticipated.
C6. Explain how the private sector is financing their capital investment in this project.
Yakima First Partners, LLC, will be seeking financing for the construction of the Popeye's development, but the lender
will not be chosen for the project until around September 2022. Yakima First Partners, LLC have spoken to several
institutions and are just determining the most favorable terms.
Application for Funding,2018 Page 12 Yakima County SIED Program
15
C6 continued: When will private sector financing be in place?
See Above
Please list financial references that can verify financing sources and capacity for this project.
See Above
C7. List the number of projected jobs to be retained and/or created by the firm as a direct result of the public
infrastructure project supporting the private development. Retained jobs are defined as jobs that will be lost to
the county if the public project is not completed.
Jobs must be expressed in Full Time Equivalents (FTEs) and wage data should exclude fringe benefits.
Management positions should be indicated as an annual salary.
#Of Jobs #Of Jobs #Of Jobs Local
Retained (In Created Year 1 Created by Year Current or initial Occupational
Job Description FTEs) (In FTEs) 3(In FTEs) Hourly Wages Hourly Wages
Mgmt./Admin* 0 3 4 $18 $18
Technical/Prof. 0 0 0
Office/Clerical b 0 0
Production 0 20 26 $15 $15
Sales 0 0 0
Skilled Crafts 0 0 0
Others 0 0 0
Totals 23 30
a) How many of these positions are for seasonal work? Give response in FTE: 0
b) What kind of fringe benefits does the company offer to regular full time employees?
Health, dental, and vision for full time employees.
C8. How were job projections developed? Explain how the projections are realistic.
Job predictions are from their experience of opening and operating 2 local Popeye' locations.
Applying that experience to conservative growth projections resulted in the numbers shown.
Application for Funding,2018 Page 13 Yakima County SIED Program
16
C9. Will this project move existing jobs from another part of the county? If yes, please describe why the project
cannot happen where the jobs are currently located.
No jobs are anticipated being relocated from other parts of the County. Mangers from other restaurants will assist in
start-up operations and staffing, but are anticipated to return to their current facility, or another employee would be
promoted to replace them at that facility.
C10. Will the private sector project offer expanded employment opportunities to disadvantaged or unemployed
workers? How will the firm work to hire people from Yakima County?
The proximity to low income areas offers close job opportunities to disadvantaged and currently unemployed workers.
Local employees will be specifically engaged and provided opportunities at locations such as job fairs, local job posting
sites, etc.
Attachments
1. Resolution: A resolution or ordinance of the local governmental jurisdiction authorizing the SIED application.
2 Plan listing the project: Attach a copy of the section of the comprehensive plan or capital facilities plan that
lists the public project.
3 Site map of the area: Identify the location of the site, public infrastructure and private development project
(existing and/or proposed). Specifically identify where SIED funds are proposed to be used.
Materials must be reproducible in black and white and in 8 1/2 x 11 format.
4. Engineering estimates supporting project costs: Identify whether estimates are from preliminary
engineering or design engineering work.
S1ED will not entertain requests for additional funding if projections are insufficient
5. Contingency agreement: A complete Contingency agreement(form included) is required for all projects. The
agreement serves as the first level of convincing evidence that the private sector development will occur.
6. Business plan or year-end financial statements of the Private Sector Business: Attach supporting
information such as a business plan or year-end financial statements (financial statements may be unaudited).
The entire SIED application is considered a public record; however, financial and commercial information
provided by the private business is exempt from disclosure to the extent permitted by RCW 42.56.270
paragraph (4).
7. Letters of support: If applicable, please include any letters of support for this project from partners or others
entities in the community.
Application for Funding,2018 Page 14 Yakima County SIED Program
17
SAMPLE CONTINGENCY AGREEMENT
1. PARTIES.
The parties to this Agreement are THE APPLICANT and THE PRIVATE BUSINESS.
ATTENTION: If a developer is involved in the project, the tenant must also be a party to this agreement or
there must be an additional agreement between the developer and the tenant.
2. PURPOSE.
The purpose of this Agreement is to clarify the intentions of the parties regarding the completion of THE PUBLIC
FACILITIES PROJECT. This section should also contain an explanation of the need for the public improvements.
3. BACKGROUND.
The purpose of this section is to provide a description of the public improvements, which can be referenced, thereafter,
as"required public improvements."
4. AGREEMENT.
This section must contain the following:
a) A statement that the applicant agrees to construct the required public improvements providing that SIED
financing is approved.
b) A statement by the business of the projected number of permanent, full-time jobs created and/or retained as a
result of the public facilities project. (Attention: Job estimates identified here must equal those in Question C5.)
c) A statement by the business of the estimated private capital investment.
d) An agreement by the business to contact the local One-Stop Career Center, Job Service Center, or appropriate
Community Based Organization for assistance in filling new positions.
e) An agreement by the business to provide the applicant with employment and investment data as requested by
SIED.
f) If applicable, this section must also contain a list of any public and/or private contributions to the public facilities
project, such as cash contribution or donated land.
5. CONTINGENCY.
This Agreement is contingent upon receipt of SIED funds by THE APPLICANT and is intended to meet the first level of
convincing evidence of private development as required by SIED.
All parties must sign the Agreement.
Application for Funding,2018 Page 15 Yakima County SIED Program
18
Supporting Investments in Economic Development Reporting Form
City of Yakima
Applicant:
Russell Lane Improvement Project
Project Title:
Russell Lane Improvement Project
Public Infrastructure Project:
Plan Containing the Project:
$4,500,000
Total Spent on the Project:
$832,000
Amount of SIED Funds (loan and grant)spent on the project
1
Estimated Number of Businesses Created or Retained by Project:
30
Estimated Number of Jobs Created or Retained by Project:
Instructions to Preparer:
1. List the public facility project.
2. Indicate where the project is listed (e.g., officially adopted county economic development plan, economic
development section of the county's comprehensive plan, etc.).
3. List an amount of total expenditures related to the project.
4. List an amount of expenditures paid for by SIED funding.
5. The applicant must_provide an actual or estimated number of businesses jobs that will be created, attracted,
expanded or retained.
6. Documentation supporting this report must be made available upon request for audit purposes and public
requests.
If awarded SIED funds, I hereby agree to annually report to the SIED Board the use of those funds according to the
instructions above.
Signature of Responsible Official:
Printed Name and Title:
Application for Funding,2018 Page 16 Yakima County SIED Program
19
ATTACHMENT '1
Resolution
20
ATTACHMENT 2
Site Map Of The Area
&
Site Plan
21
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23
ATTACHMENT 3
Engineering Estimate Supporting
Project Costs
24
Russell Lane
Improvement Project I-ILA
Engineering and Land Surveying,Inc.
Civil Cost Estimate-June23, 2022
HLA Project No.22062
ITEM ITEM UNIT APPROX. UNIT PRICE OVERALL
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NO. QUANTITY DOLLARS COST
SITE&ROAD PREPARATION
1 Mobilization(10%) LS 1 $53,400,00 $53,400.00
2 Maintenance&Protection of Traffic LS 1 $15,000.00 $15,000 00
3 SPCC Plan LS 1 $2,000.00 $2,000.00
4 Erosion/Water Pollution Plan LS 1 $5,000 00 $5,000.00
5 Clearing&Grubbing LS 1 $3,000 00 $3,000 00
6 Unclassified Ex,Including Haul _ CY 1,000 $50.00 $50,000.00
7 HMA CL.1/2"PG 64-28(Heavy 4"Thick) TON 500 $130.00 $65,000 00
8 Crushed Surfacing Base Course(Heavy 8"Thick) TON 800 $45.00 $36.000 00
9 Cement Concrete Curb&Gutter LF 800 $36.00 $28,800.00
10 Cement Concrete Sidewalk-4"Thick SY 900 $70.00 $63,000.00
v
11 Cement Concrete Handicap Curb Ramp EA 6 $3,000 00 $18,000.00
12 Commercial Road Approach ES 3 $6,500.00 $19,500.00
STORM DRAIN SYSTEM
13 Catch Basin Type 1/1 L EA 4 $2,500 00 $10,000 00
14 Catch Basin Type 2 EA 1 $5,000.00 $5,000.00
15 PVC Drain Pipe,12"Dia. LF 200 $60.00 $12,000,00
16 Underground Infiltration Trenches LF 100 $160.00 $16,000 00
ELECTRICAL,
•
17 Signal Pole Complete LF 1 $155,000.00 $155,000 00
18 (2)Schedule 40 PVC Electrical Conduit,2"Dia,(Electrical) LF 380 $45.00 $17,100.00
V
19 Electrical Transformer Box EA _ 1 $3,000 00 $3,000.00
20 Junction Box EA 2 $500.00 $1,000.00
21 Illumination EA 2 $5,000.00 $10,000.00
Subtotal $587,800.00
Contingency(15%).... $89,000.00
Total.... $878,800.00
Estimate prepared by:
Civil PS&E(15%). $101,600.00
Construction Administration(15%) $101,000.00
Right-Of-Way Acquisition $120,000.00
PROJECT TOTAL.... $1,000,000.00
Michael R. Heit, PE Date
HLA Engineering and Land Surveying, Inc. SIED Loan Request.... $832,000.00
Private Developer Match
(Min,20%of SIED Request).... $168,000.00
Right-of-Way Contribution....
Square-Feet Price/SF
9.886 1 $12.13 1 $120,000.00
Cash Contribution.... S40,000.00
SIED Loan Request.... $418,000.00
SIED Grant Request.... $418,000.00
Private Developer Match .... $168,000.00
PROJECT TOTAL.... $1,000,000.00
G:\PROJECTS\2022\22062E\SIED Application-Popeyes\2022-06-23 Russell Lane Cost Estimate-Final.xlsx
25
ATTACHMENT 4
Contingency Agreement
26
Supporting Investments in Economic Diversity (SIED) Board
Contingency Agreement
1. PARTIES
The parties to this Agreement are City of Yakima, whose address is 129 N. 2nd Street, Yakima, WA 98901
and Yakima First Partners, LLC, whose address is P.O. BOX 53696, Irvine, CA 92619.
PURPOSE
In order to allow development to occur near the intersection of Russel Lane and S. 1st Street, Russell Lane
will need to be relocated to align the public road with the existing traffic signal at S. 1St Street. The
realignment will require revisions to the traffic signal, adding an additional leg, and constructing Russell
Lane to City of Yakima Standards. The proposed project will result in new commercial development and
significant jobs for the City and region.
BACKGROUND
Required public improvements to be completed for this project include:
A. Russel Lane Improvement Project
Relocate the northern end of Russell Lane to align the public road with the existing traffic signal
at S. 1St Street. The realignment will require revisions to the traffic signal in the form of an
additional leg and constructing Russell Lane to City of Yakima Standards. The project will also
include the necessary re-striping of S. VI Street.
AGREEMENT
The PARTIES do hereby agree as follows:
A. The City of Yakima agrees to construct the required public improvements provided SIED
financing is approved, and Developer loan re-payment agreement(s)are executed.
B. Yakima First Partners, LLC projects approximately 22 jobs may be created in the 1st year, and
30 jobs may be created by the 3rd year.
C. Yakima First Partners, LLC anticipates the total private investment in the development project
to be$2,084,000.
D. Yakima First Partners, LLC agrees to contact the local One-Stop Career Center, Job Service
Center or other Community based Organizations for assistance in filling new job positions.
E. Yakima First Partners, LLC agrees to provide the City of Yakima with employment and
investment data as requested by SIED.
F. The funding for this project anticipates a$416,000 SIED Grant, a$416,000 SIED Loan, and a
20% matching requirement of $168,000. The $168,000 match will be provided by the
developer, Yakima First Partners, LLC, in the form of cash, and right-of-way.
CONTINGENCY
This Agreement is contingent upon receipt of the full SIED funding request by the City of Yakima.
City of Yakima Date Yakima First Partners, LLC Date
City Manager Designated Representative
City of Yakima
Russell Lane Improvement Project
Yakima First Partners, LLC Development
27
ATTACHMENT 5
Business Plan
28
0S1,Q it,
\eili1`J 72
tirC
Poeves.
Franchisee Company Information
1
29
Company Overview
Locations:Yakima First Partners, LLC ("Applicant") is developing this Popeye's restaurant
located on South 1st Street in Yakima, Washington. Applicant, together with its affiliates
("Popeye's Team"), have opened and operate two (2) Popeye's locations in the region. The first
location was in Yakima, WA on Nob Hill Blvd and opened September 2017. The second location
was in Sunnyside, WA, and opened December 2019. This will be the third (31 location
developed.
Operational Excellence: Our Popeye's Team prides itself on building and operating first-class
Popeye's restaurants to serve their local community. As part of this, our Popeye's Team works
to constantly train its team members and to embrace the Popeye's culture. We want every
team member and guest to have a great experience at Popeye's!
Job Creation: Popeye's is a great employer that is constantly recruiting team members and
working to develop them into shift leaders and managers. We work to provide our people
opportunities. People development is important to us. Additionally, we hire up to 70
individuals for a new opening, and we work to train and retain as many as possible. Part of our
success is in building a great team, which starts with job creation. This new location will
provide a great opportunity for many future team members to be successful.
Leadership: Our leadership team has successfully lead Popeye's operations since the first
opening in 2017, and our restaurants perform in the top of the Popeye's systems for operations
excellence. Our operations team is highly qualified and certified by the Popeye's brand.
We look forward to the opportunity to develop this South 15t Street location in Yakima, WA,
and appreciate your support!
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30
ATTACHMENT 6
Letters of Support
31
To Whom It May Concern
As a resident of the City of Yakima, and a commercial developer throughout Yakima Valley. I would
like to lend my support for Supporting Investments in Economic Diversity f SIED) Board funding
Russell Lane Improvement Project.
I am currently under contract for land immediately to the north of the proposed Popeye's
development. and recognize the traffic difficulties the existing Russell Lane offset alignment from the
signalized intersection presents for traffic leaving the adjacent businesses along Russell Lane As a
local developer and adjacent property owner, improving traffic flow in this area would improve the
ability to redevelop my land and land along Russell Lane,
Sincerely,
Nick Awad