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HomeMy WebLinkAbout01-12-17 Economic Development Committee MinutesCouncil Economic Development Committee Planning Conference Room City Hall January 12th, 2017 1:30 p.m. Members: Staff: Others: Councilmember Coffey Councilmember Adkison Cliff Moore, City Manager Sean Hawkins, Economic Development Manager Colleda Monick, Economic Development Assistant Maria Rodriguez Luz Gutierrez Jonathan Smith Executive Minutes  Adoption of Economic Development Plan Hawkins presented the finalized strategic plan, and outlined the process for sharing it with full council as well as a timetable for sharing it with partner organizations. Councilmember Coffey requested a slight modification to the plan’s work statement which was accepted by the group and will be put into action prior to full council presentation. Councilmember Adkison moved to bring the Yakima Economic Development Strategic Plan to full council. Councilmember Coffey seconded. Motion carries.  100 East Chestnut/Tieton Hotel Housing Incentive Application Hawkins updated the committee to a new housing project currently underway at 100 east Chestnut. This project includes $2 million dollars of private investment to develop the building into a new multi-use space. The building will include sixteen market rate apartments, a restaurant space, as well as retail space. The applicant is seeking the eight year tax abatement incentive. Councilmember Coffey moved to bring the housing incentive application to the full council meeting. Councilmember Adkison seconded. Motion carries.  Scoring Incubator RFQs for Final Vendor Selection Hawkins provided an update to councilmembers that the council approved RFQ for the incubator was sent out 1/11/2017 to over 100 firms in Washington State. In addition, Hawkins shared the proposed timetable for executing the RFQ process in order to be compliant with the CERB requirements. Councilmember Coffey made a recommendation to finalize committee for interviews with selected firms using the core working group from the strategic plan. Update Items Apprenticeship Program – Moore updated the committee that the apprenticeship plan is moving forward.