HomeMy WebLinkAboutR-2016-112 CERB Planning Grant Funds Application; Business Incubator; Public Market RESOLUTION NO. R- 2016 -112
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 20th day of September, 2016.
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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