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HomeMy WebLinkAbout03/15/2022 06G Resolution authorizing Letter of Intent with the Greater Yakima Chamber of Commerce with regards to delay of Chamber improvements and conducting a parking feasibility studyB US INE S S O F T HE C I T Y C O UNC I L YAK I M A, WAS HING T O N AG E ND A S TAT E M E NT I tem No. 6.G. F or Meeting of: March 15, 2022 I T E M T IT L E :Resolution authorizing L etter of I ntent with the Greater Yakima Chamber of Commerce with regards to delay of Chamber improvements and conducting a parking feasibility study S UB M IT T E D B Y:S ara Watkins, City Attorney S UM M ARY E X P L ANAT I O N: The City and the Greater Yakima Chamber of Commerce "Chamber" have discussed the possibility of development of property around the Yakima Convention Center which could include development of the property on and around the Chamber. However, prior to any development, adequate parking for the Convention Center and the Chamber needs to be evaluated and addressed. The Chamber is currently looking to undertake improvements to its building. The Chamber agrees to delay those improvements for six months during which a feasibility study will be conducted to evaluate the feasibility of a parking structure near the property. I T E M B UD G E T E D:No S T RAT E G I C P RI O RI T Y:E conomic Development AP P RO V E D F O R S UB M IT TAL B Y T HE C IT Y M ANAG E R RE C O M M E ND AT I O N: A dopt resolution. AT TAC HM E NT S : Description Upload Date Type Res-Yakima Chamber_Ltr of Intent 3/3/2022 Resolution City & Chamber_Letter of Intent 3/3/2022 Contract 1 RESOLUTION NO. R-2022- A RESOLUTION authorizing a Letter of Intent with the Greater Yakima Chamber of Commerce with regards to delay of Chamber improvements and conducting a parking feasibility study. WHEREAS, the City of Yakima is evaluating possible development around the Yakima Convention Center and Greater Yakima Chamber of Commerce; and WHEREAS, the Greater Yakima Chamber of Commerce is evaluating upgrades to its current building with anticipated start dates for construction in 2022; and WHEREAS, the parties wish to evaluate possible development in the area and not have the Greater Yakima Chamber of Commerce expend funds on improvements if other development opportunities are feasible; and WHEREAS, a feasibility study for a parking garage, which would facilitate additional development, is underway and should be completed within six months; and WHEREAS, the City Council finds that it is in the best interest of the City of Yakima and its residents to enter into a Letter of Intent with the Greater Yakima Chamber of Commerce wherein the City will have a feasibility study done for a parking garage and evaluate future development and the Chamber will delay for approximately six months its improvements to its facility; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Council of the City of Yakima hereby authorizes the City Manager to execute the Letter of Intent between the City of Yakima and the Greater Yakima Chamber of Commerce. The Letter of Intent is attached hereto and fully incorporated herein. ADOPTED BY THE CITY COUNCIL this 15th day of March, 2022. Janice Deccio, Mayor ATTEST: Sonya Claar Tee, City Clerk 2 3 4 5 6