HomeMy WebLinkAbout09/20/2016 11 CERB Planning Grant Funds Application; Business Incubator; Public Market ,,r
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDASTATEMENT
Item No. 11.
For Meeting of: September 20, 2016
ITEM TITLE: Resolution authorizing application for Community Economic
Revitalization Board (CERB) Planning Grant funds to evaluate real
estate options for Yakima Business Incubator and Public Market
SUBMITTED BY: Sean Hawkins, Economic Development Manager, 575 -6274
SUMMARY EXPLANATION:
The Yakima City Council heard the results of a feasibility study for a Public Market / Business
Incubator during a study session in August 2015. I n addition to researching the feasibility of a
Public Market / Business Incubator in our local market, the study identified nine possible
locations for the facility in Yakima's downtown district.
This grant application to the Washington State Community Economic Revitalization Board (CERB)
is asking for planning funding to evaluate two real estate options for the final location of this
proposed public facility. The evaluation would include reviewing possible layouts and
configurations, conceptual drawings and completion of an estimated construction cost for each
facility. The Council Economic Development Committee will begin reviewing possible locations at
the September 29th Economic Development Committee meeting.
The planning grant maximum award is $50,000 and a local match of 25% is required. This funding
is not included in the 2016 City of Yakima budget and will have to be considered as a 2017
Strategic Initiative. The City will be required to make a presentation to the CERB board at its
November 17, 2016 meeting in Olympia, at which time the CERB board will make a final decision
on this grant request.
The CERB program is an ideal avenue for assisting the City in moving forward on this project.
CERB funded a planning grant and additional construction grant to assist Dayton, Washington
build a similar project called Blue Mountain Station.
ITEM BUDGETED: No
STRATEGIC PRIORITY: Economic Development
APPROVED FOR City Manager
SUBMITTAL:
STAFF RECOMMENDATION:
Adopt resolution
BOARD /COMMITTEE RECOMMENDATION:
The Council Economic Development Committee voted 3 -0 at their August 25th, 2016 meeting to
bring this issue to the full Yakima City Council for consideration at their September 20, 2016
meeting.
ATTACHMENTS:
Description Upload Date Type
CI CERB Planning Grant Resolution 9/1212016 Car Memo
RESOLUTION NO. R -2016-
A RESOLUTION authorizing the City Manager to apply for Community Economic
Revitalization Board (CERB) Planning Grant funds to evaluate real
estate options for Yakima Business Incubator and Public Market.
WHEREAS, the City of Yakima is committed to assisting entrepreneurs start
businesses within the City and lowering barriers to provide for a variety of businesses and
opportunities for its residents; and
WHEREAS, increasing opportunities for businesses in Yakima can be a catalyst
for job growth and long term economic prosperity for residents and the City; and
WHEREAS, the City has evaluated many ideas regarding economic
development in the City and, as part of its analysis, completed a Public Market business
concept study which determined that a Public Market is a feasible project in Yakima, with
estimated sales between $4.2 million and $6.5 million annually; and
WHEREAS, a Public Market would allow small businesses, entrepreneurs and
other residents to start businesses without the need for expending funds on traditional
brick and mortar establishments, decreasing start up costs and increasing their ability to
succeed, promoting further growth in the economy; and
WHEREAS, to help further the Public Market concept, the City is interested in
pursuing a Community and Economic Revitalization Board (CERB) planning grant to
evaluate two real estate opportunities in the City for the construction of a Public Market, or
other similar business incubator project; and
WHEREAS, the City is committed to providing a 25% local match as required by
CERB; and
WHEREAS, the City Council of the City of Yakima finds that it is in the best
interests of its residents to attempt to obtain planning grant funds to further evaluate real
estate opportunities for a Public Market, or other similar business incubator project, to
open up additional business opportunities to residents and facilitate economic growth in
Yakima, 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 grant application
to the State of Washington's CERB Program for planning costs and expenses
associated with a Public Market business concept which could provide a unique
and additional economic development opportunity for the City of Yakima, which, if
awarded, will be brought back to the City Council for approval of the grant, now,
therefore,
ADOPTED BY THE CITY COUNCIL this day of , 2016.
ATTEST: Kathy Coffey, Mayor
Sonya Claar Tee, City Clerk