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HomeMy WebLinkAboutR-2024-059 Resolution authorizing a grant application for the Yakima Air Terminal Building Modernization project to the Yakima County Supporting Investments in Economic Development (SIED) for Capital Improvement Projects at the Yakima Air Terminal-McAllis RESOLUTION NO. R-2024-059 A RESOLUTION authorizing a grant application for the Yakima Air Terminal Building Modernization project to the Yakima County Supporting Investments in Economic Development (SIED) for Capital Improvement Projects at the Yakima Air Terminal-McAllister Field. WHEREAS, the City owns and operates the Yakima Air Terminal-McAllister Field in accordance with applicable Federal, State, and Local regulations; and WHEREAS, the Yakima Air Terminal-McAllister Field has been notified that grant funds may be available to maintain and/or improve the airport upon submission of completed SIED grant application and satisfaction of certain conditions; and WHEREAS, the Yakima Air Terminal-McAllister Field has recently completed an Airport Master Plan Update, which details a variety of required capital improvement projects, including construction and modernization of the airport's Terminal Facility's infrastructure. Terminal Building Modernization Project Phases will include bidding services, design and construction; and WHEREAS, the grant application will request a total of approximately Seven Hundred Fifty Thousand Dollars ($750,000) dollars in SIED funding administered by the Yakima County. WHEREAS, the City Council deems it to be in the best interest of the City and its residents to authorize submission of the grant application to the Yakima County for grant funds needed to accomplish the identified capital improvements and, if grant funds are awarded, to accept the funds for the purposes identified in the grant application, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Manager is hereby authorized and directed to submit a completed SEID grant application to the Yakima County for the Yakima Air Terminal Building Modernization project for the Yakima Air Terminal-McAllister Field. If grant funds are awarded, the City Manager is further authorized and directed to accept and spend said grant funds to be applied to the purposes specified above. ADOPTED BY THE CITY COUNCIL this 2nd day of April, 2024. ATTEST: u (atricia Byers, M or `(A K L44 �y,1111 i d¢' %�� � �tn. 111 =SEAL 'osalinda Ibarra, City Cler 4 - \ 1\ \`.�0 Yakima County Supporting Investments in Economic Development Committed Private Business Application for Funding 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." riResolution. A resolution or ordinance of the local governmental jurisdiction authorizing the SIED application is required. Project 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. • 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. nO- ther Funding Sources. In addition to SIED, identify which public sources were considered to fund this project. Indicate what the outcome was. riP- lanning. A statement is required from the planning jurisdiction relating to the type of public facility for which a SIED investment is sought. nPermits. All public and private permits must be received. Private project description. Job creation and private sector financing must be evident. TiC- 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. nA- cceptance 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. n STAFF ONLY-Application reviewed by Yakima County legal department. Staff will submit this f 1 application prior to the SIED Advisory Board review. Please submit application to: Yakima County Development Association PO Box 1387, Yakima,WA 98907-1387 (2520 W. Washington Avenue Suite 1, Yakima WA 98903) Or digitally to:Joe@YCDA.com Application for Funding, updated 4/2023 Page 2 Yakima County SIED Program REQUEST FOR FUNDING (Funding is awarded 50% Loan and 50%Grant. No more than $2,000,000 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#: 91 600 1293 Contact: Robert Hodgman Title: Airport Director Phone: 5095756260 Email: Robert.Hodgman@yakimawa.gov Address: 2406 W. Washington Ave City: Yakima Zip Code: 98903 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 th est of kno ge an belief. Signature of Responsible Official: � r!ry rnr.irRAcr r�o -Cfj ' l�JWte- Rrr, 1!,!riv NO p G� �0 {� 5 f Printed Name and Title: L �{� (,V1�'C�3'l m Indicate the full terms requested for SIED consideration: • Loan Terms Requested: • A deferral of the first loan payment (up to five years): • Total number of years for repayment: • Please provide justification If requesting a deferral of the first loan payment: • Please provide justification if a lower interest rate is requested: Application for Funding, updated 4/2023 Page 3 Yakima County SIED Program 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. Yakima Airport Passenger Terminal Modernization Project Title: Date of Application: 3/15/2024 Project Summary: Describe the public infrastructure project and the private development that will occur. Explain why the private development requires the public infrastructure project: Yakima Air Terminal supports numerous aviation activities including passenger service, air cargo, aeromedical evacuation, aerial wild land fire fighting, business and personal travel, and aerospace manufacturing. In late 2019, right before the onslaught of the pandemic, the airport supported its peak volume in passengers at 14,000 passengers per month, resulting in $591 M annual economic impact and 2,366 jobs to the region. A result of the pandemic, in April 2020 travel dropped to and all-time-low of 500 passengers per month. As the airline industry struggled to maintain air service the airport's passenger volume rose to just over 8,000 passengers per month in September 2021, however one year the airline dropped to one set of flights per day and passenger volumes again plummeted. In November 2023 the airport was successful in negotiating the return of the second set of flights and passenger volumes recovered to about half of the 2019 high mark, with economic impact at$479M, a loss of$1.1M, and 1,559 jobs, a loss of 807 jobs from pre-pandemic levels. During the pandemic many passengers migrated to Pasco airport. The offerings at Pasco include a newer terminal and more flights to more designations, and overshadow the lower ticket price at Yakima. The Yakima airport passenger terminal was built in 1949 and has had two remodels, the most recent 24 years ago. The building is in dire need of renovation and modernization. Many spaces are now insufficient for modern travel with larger capacity airplanes and requirements such as ADA, fire and building code, TSA screening, and other space requirements. The legacy buildings systems are failing; numerous roof leaks, inefficient heating, cooling and lighting, 1950s copper wire telephone system, undersized fire suppression and water heating systems, numerous abandoned HVAC units... the building is long overdue for upgrades and improvements. The airport has developed a three-phase project to accomplish the needed work. The project includes constructing a second floor over one-story portions of the building to gain more space, which will allow revision of the current layout to accommodate the space requirements of modern air travel. The two-story portions of the building will receive a new roof, and current roof-mounted ductwork and gas lines will be brought inside the building. Electrical, water, sewer, fire suppression, HVAC, telecom, and lighting systems will all be brought up to current code and standards. TSA and three gates will move upstairs above the current sterile area, which will provide more space for passengers, and allow the addition of jetways to board aircraft rather than walking across the tarmac in all kinds of weather and negotiating the metal ramp, a real challenge for those with limited mobility. The airport will bring back the restaurant. The airport restaurant was known as 'the place'to go; the community still talks about it. This project will bring back a re-imagined version of the restaurant, with all the features one would expect and the feel of fine dining in the height of the 1950s. This project will embrace the rich history of Yakima Air Terminal-McAllister Field. The building facade will be freshened up but will retain the original look, and the interior will provide all the modern conveniences and will embody the classic 1950s style with design, fixtures, furniture, and equipment. The project will also enable the adoption of emerging aviation technology. The two remaining first-floor gates will allow the airport to receive small electric and hybrid-electric airplanes from small community airports across the state with non-TSA screened passengers. The Yakima community values the travel connections and economic vitality their airport provides. This request will be combined with $10M federal funds to begin the first phases of design and construction, and will lay the ground work for future projects and funding as the airport works through subsequent phases of the project. Application for Funding, updated 4/2023 Page 4 Yakima County SIED Program Indicate the Minimum Necessary Total Public Project Infrastructure Costs (no more than $1,000,000 total award from SIED when loan and grant combined): SIED Loan Requested: $ 750,000 SIED Grant Requested: $ Local Match (20%of SIED request) $ 5,000,000 All Other Funding Sources: $ _ 5,750,000 Total Public Project Cost: $ Total Private Investment in Plant/Equipment: $ 616 Total Jobs Created/Retained: 20.80 25.34 Median Wage: $_ Average Wage: $ Fringe Benefits Offered: Estimated Assessed Value of the New Plant/Equipment: $$ 1,217.53 Total SIED Request divided by Total Jobs Created/Retained: $ Total Private Investment in Plant/Equipment divided by Total SIED Request: $ Other Benefits of the Public Infrastructure Project: This project will develop a complete design for remaining phases of the project. The current working estimate for the completed project is$70M. This project will extend the useful life of the Yakima passenger terminal for several decades, and will integrate modern technologies that are more environmentally friendly and sustainable. Investment in this project also saves money compared to a brand new terminal. The project is a proof-of-concept for accommodating small all-electric and hybrid-electric air taxi aircraft. Aviation is transforming as new aviation aircraft and propulsion systems are coming to market; electric Vertical Take-off and Landing (eVTOL)air taxis, all-electric and hybrid-electric airplanes, Sustainable Aviation Fuel (SAF)bio-jet fuel, and hydrogen propulsion. This project provides economic development in several ways; 1) It enables the return of passenger volumes to previous levels, and 2) positions the airport to obtain more destinations and air carriers; 3)enables the revision of the passenger terminal to accommodate vendors, including shops and food establishments;4)will lead to the return of the airport restaurant, which will both restore a memorable gathering place sought by the public and provide additional revenue and economic impact to the region. 5)will lead to more jobs at the airport. 6)the construction for the passenger terminal modernization will produce both construction jobs and economic impact as a result of construction. Application for Funding, updated 4/2023 Page 5 Yakima County SIED Program 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 $ SIED grant requested 4/5/2024 $750,000.00 Total project costs $$70,000,000.00 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 Describe the entire public facility project, including the parts that you are not asking SIED to fund This multi-phase project will transform the airport terminal. It will include a new roof over the second floor, and new space constructed above single-story areas of the building, and reconstructing/new parking. The improvements will include a new sterile area on the second floor, and moving TSA passenger screening and three gates upstairs, with jetways, escalators, and an elevator. On the lower floor, the baggage claim area will be expanded and a new baggage conveyor installed. The airline ticket counters will be rearranged to accommodate multiple airlines with direct conveyor of baggage to the TSA baggage screening area. The previous 1st floor sterile area will become open public space with shops, snack bar/cafe, and wine tasting/sales. On the upper level east end of the building the commercial kitchen renovation will be completed and a new airport restaurant/bar constructed with a view of the the runway The lower level west side of the building currently houses TSA baggage screening and air cargo processing areas which will be expanded to accommodate an increased volume of baggage, and screening for larger air cargo. A3 Specifically, for what element(s) of the public project are SIED funds requested? These funds will match federal funds for design. To obtain funding for construction, the Federal Aviation Administration requires shovel-ready construction documents. This project will design phases 1 B, 2, and 3. It will deliver a cohesive design with complete and usable project phases ready for solicitation and permitting. Application for Funding, updated 4/2023 Page 6 Yakima County SIED Program 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 This project will improve passenger flow in the building, eliminating crowding and lines at airline ticket counters, TSA screening, and baggage claim. It will also enable the establishment of shops, cafe/snack bars, and wine tasting on the ground floor, and the return of the landmark airport restaurant to the upper floor. All of these are benefits to the passenger, revenue for the airport, and jobs for the community. Air service is an economic engine for the community.A 2012 Aviation Economic Impact Study published by WSDOT determined 97% of Gross Business Income occurs within 10 miles of an airport, and 70% within five miles. Long term this project will add vibrancy to the community and economic vitality to the region. Access to air travel and air cargo shipping are staples of a strong business community. In addition to the robust offering of agricultural products, the airport hosts aerospace manufacturing businesses and the community benefits from manufacturing jobs. The airport terminal modernization is a powerful step towards raising the average wage and retaining local, young workers by providing broader career options with promotion and earnings potential. 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 Env. Assessment JUB Engineers CATEX January 13, 2022 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. An Environmental Assessment was completed on January 13, 2022 for the terminal building and paved areas immediately adjacent and was determined to be a categorical exclusion. The EA will need to be updated before construction of phase 1 B. Application for Funding, updated 4/2023 Page 7 Yakima County SIED Program A7 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 11/24 Environmental Review All Required Permits Obtained Design Engineering Land/Right-of-Way Acquisition N/A Prepare Bid Documents 10/25 Award Construction Contract 3/26 Begin Construction Project Operational 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? City of Yakima Federal Aviation Administration Department of Homeland Security/TSA Please explain how completion of the project is coordinated between other involved parties. The City of Yakima has overall financial responsibility for the development, delivery, code compliance, and funding of the project. The Federal Aviation Administration is responsible for ensuring compliance with airport development criteria and for administering and dispersing federal funds The Transportation Security Administration is responsible for compliance with DHS criteria and requirements, and providing and installing unique security equipment. A9 Will the SIED public facility project be totally maintained by the applicant? If not, whom? Please explain The airport administration staff has overall responsibility for the building envelope, building systems, and parking and roadways. Individual tenant improvements and maintenance are the responsibility of tenants. Application for Funding, updated 4/2023 Page 8 Yakima County SIED Program A10. How will this project impact utility rates and public services within the jurisdiction? This project is being conducted in concert with energy improvements. An independent energy audit was conducted consultant Veregy under the supervision of the airport's on-call consultant JUB. The audit determined many of the building systems (electrical, gas, telecom, fire suppression, etc.)are under-performing today's energy standards. The design will incorporate upgrades to these systems that will reduce consumption, and solar collectors and battery storage will be incorporated into construction as funding becomes available. The consultant team is pursuing federal and state grants tailored to these improvements. The goal of the project is at a minimum to remain on par with current consumption serving a larger square footage, but ultimately to reduce consumption and the carbon footprint of the facility. 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 Applicable Rural Development J r l ❑ Not Applicable FASTACT ❑ ❑ Other ❑ ❑ State Grant/Loan Programs: Transportation Improvement Board ❑ ❑ Community Development Block Grant ❑ ❑ Public Works Trust Fund ❑ Q Department of Ecology ❑ ❑ CERB Q ❑ Applied RTPO/MPO ❑ ❑ Other ❑ ❑ Other Funding Options: Revenue Bonds ❑ ❑ General Obligation Bonds ❑ ❑ LID ❑ ❑ ULID ❑ ❑ Other: ❑ ❑ Application for Funding, updated 4/2023 Page 9 Yakima County SIED Program B1 continued Provide a narrative of the investigation of the above referenced funding sources and the outcomes. 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. In 2023 the City of Yakima implemented a 10% cut to the general fund and does not have the funds to support this project. The airport has benefited from and FAA ARPA grant(#3-53-0089-050-2022)to fund salaries. With increased revenue over the last year from a new airport-administered parking system, and increased landing fees, fuel flowage fees, and terminal tenant revenue from restoration of the second set of flights, the airport is approaching a revenue level to fully fund salaries and benefits, however there is no room in the budget for additional expenses. B3 Identify funds (General Fund, Utility Fund, Property taxes, etc)that are eligible to repay a SIED loan. The city is not in a position to make loan payments, and the airport, as an enterprise fund is in a similar condition. The primary purpose of this project is to bolster the economic impact of the airport and increase revenue at the airport and across the region. 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. Ultimately the improvements are likely to provide a revenue stream that could potentially repay some of the requested amount. However, this request is to support design for three phases of construction. When operating a commercial facility undergoing construction, patronage can experience a downturn. The three phases of construction are likely to overlap and it is anticipated the airport terminal could be continuously under construction for up to five years after construction commences (estimated spring 2026) before meaningful revenue is recognized. B4 If the local jurisdiction is not financially contributing to the project, please explain why. The City of Yakima is not in a financial position to contribute. Application for Funding, updated 4/2023 Page 10 Yakima County SIED Program 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: Alaska Airlines/Horizon Air Contact: Roshaun Pesho Title: Station manager Phone: 208 596-9848 Email: Roshaun.Pesho@horizonair.com Address: 2300 W. Washington Ave City: Yakima Zip Code: 98903 Cl. Describe the private development that will be supported by the public infrastructure/facility project. Horizon Air is the sole commercial air carrier operating out of Yakima Air Terminal. The company provides its own equipment for supporting passengers, baggage, and freight. As the terminal space is expanded and air service is increased, equipment additions and upgrades will be needed. C2. Explain why the private development requires the proposed public infrastructure improvements described in this application The current state of the terminal is static; no meaningful changes. The modernization will expand the air cargo space and the baggage claim and baggage screening areas, which will necessitate equipment additions and up-gauging. However these improvements will not be needed until a larger facility and increased flight volumes and aircraft size occur. Application for Funding, updated 4/2023 Page 11 Yakima County SIED Program C3. Indicate the construction schedule (if applicable)for the proposed private sector project (month/year) Private Facility Construction Begins unknown Private Facility Construction Completed unknown Private Facility Operational unknown 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 N/A 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'? None. C6 Explain how the private sector is financing their capital investment in this project N/A Application for Funding, updated 4/2023 Page 12 Yakima County S/ED Program C6 continued: When will private sector financing be in place? N/A Please list financial references that can verify financing sources and capacity for this project City of Yakima Finance Department- Rosylen Oglesby,Acting Finance Director 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* 17 0 3 Technical/Prof. 22 0 4 $25 Office/Clerical Production 4 0 1 $20 Sales 8 0 2 $22 Skilled Crafts Others Totals 47 0 10 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? Paid time off, retirement fund contribution, medical/dental. C8. How were job projections developed? Explain how the projections are realistic. Jobs are based on increased flight and passenger volumes compared to current volumes. Management/Admin jobs represent airport administration, and operations, air traffic control, and TSA. Technical/Professional represent Horizon Air. Production represents McCormick FBO. Sales represents Hertz rental car. These estimates are based on another air carrier and destination. The wages very greatly for Mgmt/Admin. Application for Funding, updated 4/2023 Page 13 Yakima County SIED Program 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. 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? Yes, primarily Horizon Air and TSA. Hiring for these organization are managed and the corporate/headquarters level. Local solicitation is an accepted practiced. 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 SIED 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, updated 4/2023 Page 14 Yakima County SIED Program 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, updated 4/2023 Page 15 Yakima County SIED Program Supporting Investments in Economic Development Reporting Form Applicant: Project Title: Public Infrastructure Project: Plan Containing the Project: Total Spent on the Project: Amount of SIED Funds (loan and grant)spent on the project Estimated Number of Businesses Created or Retained by Project: 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, updated 4/2023 Page 16 Yakima County SIED Program BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 7.1. For Meeting of:April 2, 2024 ITEM TITLE: Resolution authorizing a grant application for the Yakima Air Terminal Building Modernization project to the Yakima County Supporting Investments in Economic Development(SIED)for Capital Improvement Projects at the Yakima Air Terminal-McAllister Field SUBMITTED BY: Jaime Vera,Airport Operations and Maintenance Manger SUMMARY EXPLANATION: The Yakima Air Terminal-McAllister Field has recently completed an Airport Master Plan Update, which details a variety of required capital improvement projects, including construction and modernization of the airport's Terminal Facility's infrastructure. Terminal Building Modernization Project- Phases will include the design, construction and bidding services. The grant application will request a total of approximately Seven Hundred Thousand dollars($750,000) in SI ED funding administered by the Yakima County and the airport will match amount of ITEM BUDGETED: Yes STRATEGIC PRIORITY: Economic Development APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Adopt Resolution. ATTACHMENTS: Description Upload Date Type ❑ Resolution 3/29/2024 Resolution ❑ SIED Grant Application 3/29/2024 Contract ❑ Qty of Yakima Comprehensive Plan 3/29/2024 Backup Material ❑ Yakima County Comprehensive Plan 3/29/2024 Backup Material ❑ Employee Projections 3/29/2024 Backup Material