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Home My WebLink AboutR-2022-079 Resolution authorizing the City of Yakima to participate in a SIED application on behalf of the Yakima First Partners, LLC for a project at South 1st Street and Russell LaneA RESOLUTION RESOLUTION NO. R-2022-079 authorizing the City of Yakima to support the grant and loan application of up to $1,000,000 from Yakima County Supporting Investments in Economic Development (SIED) fund to install street and traffic signal improvements in the vicinity of South 1st Street and Russell Lane for Yakima First Partners, LLC, in the City of Yakima. WHEREAS, The City of Yakima has established that public safety, especially on public streets, is a Strategic Priority for the City Council; and WHEREAS, The City Council is committed to assisting existing businesses, supporting new development as feasible and the preservation of the community employment base; and WHEREAS, Yakima First Partners, LLC proposes to make more efficient use of the existing traffic signal and street network on South First Street by re -aligning and improving Russell Lane, and WHEREAS, South 1st Street is a classified Principal Arterial that carries approximately 18,500 Average Trips a Day (ADT) and is a designated truck route. Additional traffic signals are not necessarily advantageous, and this project proposes to make more efficient use of the existing infrastructure; and WHEREAS, the improvement of city streets to improve public safety is a priority. In this case, Yakima First Partners, LLC proposes a significant improvement of the existing street and will create additional jobs in Yakima, enhance the commercial node on South First Street and reduce potential traffic safety concerns; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Manager is hereby authorized to support the grant application with the Yakima County "Supporting Investments in Economic Development" program in the amount not to exceed one million dollars including $416,000 in grant, $416,000 in loan and $168,000 in local match, with all repayment and local match to be paid by the private developer (Yakima First Partners, LLC).. A copy of the draft grant is attached hereto. ADOPTED BY THE CITY COUNCIL this 5th day of July, 2022. ATTEST: Janice Deccio, Mayor Sonya Claar Tee, City Clerk 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." Resolution. 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. Other Funding Sources. In addition to SIED, identify which public sources were considered to fund this project. Indicate what the outcome was. Planning. A statement is required from the planning jurisdiction relating to the type of public facility for which a SIED investment is sought. Permits. All public and private permits must be received. Private project description. Job creation and private sector financing must be evident. Contingency 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. Acceptance 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. Please submit application to: Yakima County Development Association PO Box 1387, Yakima, WA 98907-1387 (10 North 9th Street, Yakima WA 98901) Application for Funding, 2018 Page 2 Yakima County SIED Program REQUEST FOR FUNDING (Funding is awarded 50% Loan and 50% Grant. No more than $1,000,000 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 Contact: Bob Harrison Phone: 509-249-9201 Tax ID #: Title: City Manager Email: bob.harrison@yakimawa.gov Address: 129 N. 2nd Street City: Yakima Zip Code: 98901 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 b st of knowledge and belief. g Responsible nature of Res onsible Official: Printed Name and Title: Bob Harrison, City manager Indicate the full terms requested for SIED consideration: • Loan Terms Requested: Lowest • A deferral of the first loan payment (up to five years): 3 • Total number of years for repayment: 10 • Please provide justification If requesting a deferral of the first loan payment: The City of Yakima requests a three-year deferral on the first loan payment so the private sector development activity being supported in this application has time for the construction to be completed, and begin generating tax revenues for the City prior to making the first deferred loan payment. • Please provide justification if a lower interest rate is requested: N/A Application for Funding, 2018 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. Russell Lane Improvement Project Project Title: Project Summary: Describe the public infrastructure project and the private development that will occur. Explain why the private development requires the public infrastructure project: Private Development: The Yakima First Partners, LLC (YFP) proposal is to develop a 24 seat, 2,600 square foot Popeye's quick service restaurant with a eating patio, drive-thru, and 37 parking spaces. The property currently encompasses one 1.11-acre parcel that was previously used as a used car lot. The development will bring new retail restaurant establishments to the City of Yakima. The property is served by South 1st Street, a principal arterial to the East, and Russell Lane, a local access road, to the South. The project is proposed to be served with public water and sewer. The project has an estimated build out cost of $4,084,000 and the developer anticipates construction to be completed in 2023. Public improvements will be constructed at the beginning of construction. Public Development Currently there is a three legged signalized intersection servicing the Home Depot entrance off South First Street that prevents direct access to the proposed development. Adding a forth leg to the signal, creating a signalized entrance into the restaurant was investigated. However the south edge of the signal is also only 50 feet from the north edge of Russell Lane, which creates a traffic safety concern with the overlapping turn pockets. Therefore the northern portion of Russell Lane will need to be relocated to align the public road with the existing traffic signal. The realignment will require revisions to the traffic signal for an additional leg, and constructing Russell Lane to City of Yakima Standards. The site is well suited for the proposed commercial development, the City of Yakima and YFP have reviewed alternatives and found the proposed Russell Road realignment shown on attachment to be optimal. The road realignment also rectifies the existing concerns. Without road revision to the development area, the required utility improvements will far exceed the costs a developer could reasonable pay. The City of Yakima and YFP has reviewed alternatives and found the proposed Russell Road realignment shown on attachment to be optimal and the most cost-effective solution. The proposed signal and Russell Lane improvements will rectify the existing traffic safety concerns, provide the ability to redevelop an existing vacant commercial lot and allow much needed economic development opportunity in this undeveloped area. Application for Funding, 2018 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): 416000 SIED Loan Requested: $ 416000 SIED Grant Requested: $ 168,000 Local Match (20% of SIED request): $ All Other Funding Sources: $ 0 1,000,000 Total Public Project Cost: $ 4,084,000 Total Private Investment in Plant/Equipment: $ 30 Total Jobs Created/Retained: 35,000 44,000 Median Wage: $ Average Wage: $ Health Care, Dental, Vision See C7. Fringe Benefits Offered: 3,500,000 Estimated Assessed Value of the New Plant/Equipment: $ Total SIED Request divided by Total Jobs Created/Retained: $ 27,733.33 4.91 Total Private Investment in Plant/Equipment divided by Total SIED Request: $ Other Benefits of the Public Infrastructure Project: In addition to servicing the proposed development, this project will provide important infrastructure to alleviate traffic safety concerns, and increase connectivity to the City's transportation network for the existing commercial businesses along Russell Lane. The project will also promote future growth and utilization of undeveloped land further west along Russell Lane. Adjacent property owners have had strong interest from a number of businesses interested in constructing facilities in this area, but have been reluctant due to existing access concerns. While there are no additional plans for construction at this time, this infrastructure project is expected to generate additional development within the area. Application for Funding, 2018 Page 5 Yakima County S1ED 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 Pending 7/15/22 $416,000 SIED grant requested Pending 7/15/22 $416,000 SIED Match - 20% Pending 7/15/22 $ 168,000 Total project costs $1,000,000 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 Existing Describe the entire public facility project, including the parts that you are not asking SIED to fund. Russell Lane Improvement Project improves approximately 380 lineal feet of Russell Lane The road improvements will include new asphalt roadway with associated curb, gutter, and sidewalk The project will also add a signal pole, and striping revisions to the existing traffic signal allowing for Russell Lane to be realigned to this location. A3. Specifically, for what element(s) of the public project are SIED funds requested? SIED funds will be used in conjunction with private funds (SIED Match) for the 380 lineal feet public roadway expansion and signal improvements. Application for Funding, 2018 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. Russell Lane Improvement Project will increase the access to 4.19 acres of undeveloped General Commercial zoned property and 4.51 acres of undeveloped Light Industrial zoned property. The improved access will encourage further economic development in this corridor, and provide potential for much needed commercial infill. Full build -out of the area anticipates an economic benefit of $20 million annually. The project will inject immediate economic stimulus dollars into the City of Yakima's economy through the creation of construction jobs. In the long-term, opening access to additional commercial and light industrial property along Russell Lane will invigorate development. 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 Stormwater Permit Dept. of Ecology Not Yet Started 10/1/2022 Plans & Specs City of Yakima Not Yet Started 2/30/2023 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. The proposed private restaurant project is below the City of Yakima SEPA thresholds and does not require environmental review. The proposed improvements to the existing public roadways are not anticipated to require environmental review as it would also be below the City of Yakima's SEPA thresholds. Application for Funding, 2018 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. Preliminary Engineering Report Environmental Review All Required Permits Obtained Design Engineering Land/Right-of-Way Acquisition Prepare Bid Documents Award Construction Contract Begin Construction Project Operational ESTIMATED COMPLETION DATE (month/year) October 2022 N/A January 2023 February 2023 February 2023 March 2023 April 2023 May 2023 July 2023 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? N/A N/A Please explain how completion of the project is coordinated between other involved parties. A9. Will the SIED public facility project be totally maintained by the applicant? If not, whom? Please explain. The City of will operate and maintain all street improvements subject to this grant request Application for Funding, 2018 Page 8 Yakima County SIED Program A10. How will this project impact utility rates and public services within the jurisdiction? There will be no impact on the utility rates. The City of Yakima will supply necessary public services. 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: Economic Development Administration Rural Development FASTACT Other: State Grant/Loan Programs: Transportation Improvement Board Community Development Block Grant Public Works Trust Fund Department of Ecology CERB RTPO/MPO Other Other Funding Options: Revenue Bonds General Obligation Bonds LID ULID Other: YES NO ❑ 0 ❑ a ❑ a ❑ a ❑ a ❑ a ❑ a OUTCOME Not Timely Not Eligible Not Eligible Not Timely Not Eligible Not Available Not Eligible Not Timely Not Eligible Not Eligible Not Eligible Not Eligible Not Eligible Application for Funding, 2018 Page 9 Yakima County SIED Program B1 continued: Provide a narrative of the investigation of the above referenced funding sources and the outcomes: The City believes SIED funds are the most efficient resource to match with the private funds for this project because of the need for additional commercial developed land, and community benefit in eliminating traffic safety concerns. The public benefit from this project will have long term and broad economic impacts for the entire City of Yakima, not just limited to the immediate area. 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. The City of Yakima does not have funds available to directly fund a project of this magnitude. The City's existing budget for transportation improvements is very limited and primarily focuses on maintaining existing roads, with no reserves available. The City of Yakima will utilize revenue generated by the development and developer agreement to finance the project. B3. Identify funds (General Fund, Utility Fund, Property taxes, etc.) that are eligible to repay a SIED loan: The City will utilize a combination of reserves, property taxes, construction sales tax, retail sales tax, and developer reimbursement for repayment of the SIED loan funding of the Russell Lane Improvement Project 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: The improvements will generate construction sales tax, and retail sales tax due tot he improvements in the developed area. There are no anticipated additional revenue sources to pay back the SIED loan. B4. If the local jurisdiction is not financially contributing to the project, please explain why. The City is committed to the SIED loan repayment, although they will primarily use revenue generated by the development and developer agreement to finance the project. Application for Funding, 2018 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: Yakima First Partners, LLC. Contact: Allan Gantes Title: Chief Executive Officer Phone: 949.305.6300 x234 Email: allan.gantes@hospitalityrsc.com Address: P.O. BOX 53696 City: Irvine, CA Zip Code: 92619 C1. Describe the private development that will be supported by the public infrastructure/facility project. The Yakima First Partners, LLC proposal is to develop a 24 seat, 2,600 square foot Popeye's quick service restaurant with a eating patio, drive-thru, and 37 parking spaces. The property currently encompasses one 1.11-acre parcel that was previously used as a used car lot. The development will bring new retail restaurant establishments to the City of Yakima The property is served by South 1st Street, a principal arterial to the East, and Russell Lane, a local access road, to the South. The project is proposed to be served with public water and sewer The project has an estimated build out cost of $4,084,000 and the developer anticipates construction to be completed in 2023. Public improvements will be constructed at the beginning of construction. C2. Explain why the private development requires the proposed public infrastructure improvements described in this application. Currently there is a three legged signalized intersection servicing the Home Depot entrance off South First Street that prevents direct access to the proposed development without the addition of a fourth leg to the signal. However the south edge of the signal is also only 50 feet from the north edge of Russell Lane, which creates a traffic safety conern with the proposed restaurant. Therefore the northern portion of Russell Lane will need to be relocated to align the public road with the existing traffic signal. The realignment will require revisions to the traffic signal, adding an additional leg, and constructing Russell Lane to City of Yakima Standards. The site is well suited for the proposed commercial development, the City of Yakima and YFP have reviewed alternatives and found the proposed Russell Road realignment shown on attachment to be optimal. The road realignment also rectifies the existing concerns. Without the road revision to the development area, the required utility improvements will far exceed the costs a developer could reasonable pay The City of Yakima and YFP have reviewed alternatives and found the proposed Russell Road realignment shown on attachment to be optimal to be the most cost-effective solution. The proposed signal and Russell Lane improvements will rectify the existing traffic safety concerns, provide the ability to redevelop an existing vacant commercial lot and allow much needed economic development opportunity in this undeveloped area. The site is not economically viable without SIED board assistance with this project and the site will likley remain under developed due to the access challenges. Application for Funding, 2018 Page 11 Yakima County 51ED Program C3. Indicate the construction schedule (if applicable) for the proposed private sector project. Private Facility Construction Begins Private Facility Construction Completed Private Facility Operational (month/year) October 2022 August 2023 August 2023 C4. List all permits required for the PRIVATE SECTOR PROJECT and give their current status (applied for, application being prepared, permit issued, etc.) PERMIT/ENVIROMENTAL ANTICIPATED COMPLETION REVIEW ISSUER STATUS DATE Type 1 Review City of Yakima Building Permit City of Yakima Civil Site Plans City of Yakima Will submit in July August 2022 In design September 2022 In design September 2022 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? The only remaining private authorization for the Popeye's quick service restaurant will be the result of the SIED board application. Once approval is provided, the project can proceed. Popeye's has approved the site and terms have been agreed to and signed by both companies on the Letter of Intent. The Land Lease will formalize the agreement and no obstacles are anticipated. C6. Explain how the private sector is financing their capital investment in this project. Yakima First Partners, LLC, will be seeking financing for the construction of the Popeye's development, but the lender will not be chosen for the project until around September 2022. Yakima First Partners, LLC have spoken to several institutions and are just determining the most favorable terms. Application for Funding, 2018 Page 12 Yakima County SIED Program C6 continued: When will private sector financing be in place? See Above Please list financial references that can verify financing sources and capacity for this project. See Above 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. Job Description # Of Jobs Retained (In FTEs) # Of Jobs Created Year 1 (In FTEs) # Of Jobs Created by Year 3 (In FTEs) Current or initial Hourly Wages Local Occupational Hourly Wages Mgmt./Admin" 0 3 4 $18 $18 Technical/Prof. 0 0 0 Office/Clerical 0 0 0 Production 0 20 26 $15 $15 Sales 0 0 0 Skilled Crafts 0 0 0 Others 0 0 0 Totals 23 30 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? Health, dental, and vision for full time employees. C8. How were job projections developed? Explain how the projections are realistic. Job predictions are from their experience of opening and operating 2 local Popeye' locations. Applying that experience to conservative growth projections resulted in the numbers shown. Application for Funding, 2018 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 jobs are anticipated being relocated from other parts of the County. Mangers from other restaurants will assist in start-up operations and staffing, but are anticipated to return to their current facility, or another employee would be promoted to replace them at that facility. 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? The proximity to low income areas offers close job opportunities to disadvantaged and currently unemployed workers. Local employees will be specifically engaged and provided opportunities at locations such as job fairs, local job posting sites, etc. 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, 2018 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, 2018 Page 15 Yakima County SIED Program Supporting Investments in Economic Development Reporting Form City of Yakima Applicant: Russell Lane Improvement Project Project Title: Russell Lane Improvement Project Public Infrastructure Project: Plan Containing the Project: $4,500,000 Total Spent on the Project: $832,000 Amount of SIED Funds (loan and grant) spent on the project 1 Estimated Number of Businesses Created or Retained by Project: 30 Estimated Number of Jobs Created or Retained by Project: Instructions to Preparer: 1. List the public facility project. 2. Indicate where the project is listed (e.g., officially adopted county economic development plan, economic development section of the county's comprehensive plan, etc.). 3. List an amount of total expenditures related to the project. 4. List an amount of expenditures paid for by SIED funding. 5. The applicant must provide an actual or estimated number of businesses jobs that will be created, attracted, expanded or retained. 6. Documentation supporting this report must be made available upon request for audit purposes and public requests. If awarded SIED funds, I hereby agree to annually report to the SIED Board the use of those funds according to the instructions above. Signature of Responsible Official: ia/Y Printed Name and Title: l C i� rl, �' "�� fu{1A. Application for Funding, 2018 Page 16 Yakima County SIED Program ATTACHMENT 1 Resolution ATTACHMENT 2 Site Map Of The Area & Site Plan E. MEAD AVENUE E. WASHINGTON AVENUE. WIN S 0 100 200 400 H L A Engineering and Land Surveying, Inc. 2803 River Road Yakima, WA 98902 509.966.7000 Fax 509.965.3800 www.hlacivil.com WEfLIEI]MQ3Y JC C 7 TO REMDSDOO N JOB NUMBER 22062 DATE 6-24-22 FILE NAMES DRAWING 22062 dwg YAKIMA FIRST PARTNERS,LLC PARCEL 191331-1404 CITY OF YAKIMA, YAKIMA COUNTY, WASHINGTON REVISION DATE DESIGNED BY MRH ENTERED BY AJ VICINITY MAP I G PROPERTY CORNER FOUND REBAR CAP LS BELL l�l PROPERTY CORNER FOUND REBAR CAP UNREADABLE S$ S5 -,--- 5S w OI GRAVELY` 'OAP/ HLA TB MAG-N IL LL 1u11utl r BUILDING r9 PROPERTY CORNER FOUND REBAR CAP LS 44333-41960 LANDSCAPE LANDSCAPE -^x- �^ GRAVELY 01,P O1 PROPERTY CORNER FOUND REBAR CAP LS 9623 N 88'58'28' W 307 64' N 1/4 CORNER SEC 31. T 13N.. R 19E.. W U. CASED MONUMENT SEE LCR 2M-1538 ✓` GRA VELA^ BUILDING X PROPERTY CORNER FOUND 1/2* REBAR NO CAP inn N 69101'53' W 2688 44' U1\ NN -\\ c o A -' LANDSCAPE r/^dtRtl�6^ G 0141.' x 01 (fX—F=�FI��pHP s. SS DRYM-WELL RI1010 75 BTM 1005 05 991 98' R20' 2' DI AM CONCRETE SIGN BASE SS G G G 2 OW — DEEP - GRAVELY` PROPERTY CORNER FOUND REBAR CAP LS 44333-41960 J NE CORNER SEC 31. T 13N, R 19E. WM RR SPIKE SEE LCR 21A-600 NNN Co 1100011100111 Coo r� \ LAWN W *IS E • LEGEND 0 10 20 40 • EXISTING PROPERTY CORNER FOUND -CI- EXISTING UTILITY POLE b EXISTING FIRE HYDRANT 0 EXISTING UGHT e EXISTING WATER VALVE 0 EXISTING TRAFFIC SIGNAL 81 EXISTING WATER METER &D EXISTING PUSH BUTTON SIGNAL SS EXISTING SANITARY SEWER MANHOLE 10 EXISTING HOSE BIB QO EXISTING CLEANOUT EXISTING MAIL BOX () EXISTING STORM DRAIN DRYWELL EXISTING PROPERTY BOUNDARY EXISTING SIGN EXISTING RIGHT-OF-WAY E— EXISTING ANCHOR POLE EXISTING CENTERLINE ❑ EXISTING PULL BOX EXISTING EASEMENT • EXISTING TELEPHONE PED EXISTING SECTION UNE TRANSFORMER UTIUTY Q VAULT SS-MH RIM 1011 35 IE W 1001 05 6 NW:100085 IE SE 100075 �p yD ip 0 4, DATUM ELEVATION ELEVATIONS BASED ON WASHINGTON STATE REFERENCE NETWORK (WSRN) NAVD88 X EXISTING FENCE W W EXISTING WATER SS SS EXISTING SEWER D D EXISTING STORM DRAINAGE G G EXISTING NATURAL GAS 0HP OHP EXISTING OVERHEAD POWER 0HTOHT EXISTING OVERHEAD TELEPHONE UP UP EXISTING UNDERGROUND POWER T T EXISTING TELEPHONE FO FO EXISTING FIBER OPTIC — CATV CATV EXISTING CABLE TV RELCOATED TRAFFIC SIGNAL ASPHALT AREAS CONCRETE AREAS Know what's below. CaII before you dig. HLA Engineering and Land Surveying, Inc. 2803 River Road Yakima, WA 98902 509.966.7000 Fax 509.965.3800 www.hlacivil.com pRIEL DNI[INQNY SNJ[3JE64 40 REN/MON JOB NUMBER 22062 DATE 6-24-22 FILE NAMES DRAWING 22062 dwg YAKIMA FIRST PARTN ERS, LLC PARCEL 191331-1404 CITY OF YAKIMA, YAKIMA COUNTY, WASHINGTON REVISION DATE DESIGNED BY MRH ENTERED BY AJH SITE PLAN SHEET 1 OF 1 ATTACHMENT 3 Engineering Estimate Supporting Project Costs Russell Lane Improvement Project �+►► 410.1-ITA Engineering Civil Cost Estimate - June23, 2022 HLA Project No. 22062 Inc. and Land Surveying, ITEM NO ITEM UNIT APPROX QUANTITY UNIT PRICE DOLLARS OVERALL COST SITE & ROAD PREPARATION 1 Mobilization (10%) LS 1 $53,400 00 $53,400.00 2 Maintenance & Protection of Traffic LS 1 $15,000 00 $15,000.00 3 SPCC Plan LS 1 $2,000 00 $2,000.00 4 Erosion / Water Pollution Plan LS 1 $5,000 00 $5,000.00 5 Clearing & Grubbing LS 1 $3,000 00 $3,000 00 6 Unclassified Ex, Including Haul CY 1,000 $50 00 $50,000 00 7 HMA CL. 1/2" PG 64-28 (Heavy 4" Thick) TON 500 $130 00 $65,000 00 8 Crushed Surfacing Base Course (Heavy 8" Thick) TON 800 $45 00 $36,000.00 9 Cement Concrete Curb & Gutter LF 800 $36 00 $28,800 00 10 Cement Concrete Sidewalk - 4" Thick SY 900 $70 00 $63,000 00 11 Cement Concrete Handicap Curb Ramp EA 6 $3,000 00 $18,000 00 12 Commercial Road Approach ES 3 $6,500 00 $19,500 00 STORM DRAIN SYSTEM 13 Catch Basin Type 1 / 1L EA 4 $2,500 00 $10,000 00 14 Catch Basin Type 2 EA 1 $5,000 00 $5,000 00 15 PVC Drain Pipe, 12" Dia LF 200 $60 00 $12,000 00 16 Underground Infiltration Trenches LF 100 $160 00 $16,000 00 ELECTRICAL, 17 Signal Pole Complete LF 1 $155,000.00 $155,000 00 18 (2) Schedule 40 PVC Electrical Conduit, 2" Dia (Electrical) LF 380 $45.00 $17,100 00 19 Electrical Transformer Box EA 1 $3,000.00 $3,000 00 20 Junction Box EA 2 $500.00 $1,000 00 21 Illumination EA 2 $5,000.00 $10,000 00 Estimate prepared by Construction Subtotal $587,800 00 Contingency (15%) .... $89,000 00 Total $676,800 00 Civil PS&E (15%) $101,600 00 Administration (15%) $101,600 00 Right -Of -Way Acquisition $120,000 00 PROJECT TOTAL .... $1,000,000.00 Michael R Heit, PE Date HLA Engineering and Land Surveying, Inc. SIED Loan Request.... $832,000.00 Private Developer Match ( Min 20% of SIED Request) $168,000 00 Right -of -Way Contribution Square -Feet Pnce/SF 9,886 I $12 13 I $120,000.00 Cash Contribution .... $48,000.00 SIED Loan Request .... $416,000.00 SIED Grant Request .... $416,000.00 Private Developer Match .... $168,000.00 PROJECT TOTAL .... $1,000,000.00 G:\PROJECTS\2022\22062E\SIED Application - Popeyes\2022-06-23 Russell Lane Cost Estimate - Final.xlsx ATTACHMENT 4 Contingency Agreement Supporting Investments in Economic Diversity (SIED) Board Contingency Agreement 1. PARTIES The parties to this Agreement are City of Yakima, whose address is 129 N. 2nd Street, Yakima, WA 98901 and Yakima First Partners, LLC, whose address is P.O. BOX 53696, Irvine, CA 92619. PURPOSE In order to allow development to occur near the intersection of Russel Lane and S. 1st Street, Russell Lane will need to be relocated to align the public road with the existing traffic signal at S. 1st Street. The realignment will require revisions to the traffic signal, adding an additional leg, and constructing Russell Lane to City of Yakima Standards. The proposed project will result in new commercial development and significant jobs for the City and region. BACKGROUND Required public improvements to be completed for this project include: A. Russel Lane Improvement Project Relocate the northern end of Russell Lane to align the public road with the existing traffic signal at S. 1st Street. The realignment will require revisions to the traffic signal in the form of an additional leg and constructing Russell Lane to City of Yakima Standards. The project will also include the necessary re -striping of S. 1st Street. AGREEMENT The PARTIES do hereby agree as follows: A. The City of Yakima agrees to construct the required public improvements provided SIED financing is approved, and Developer loan re -payment agreement(s) are executed. B. Yakima First Partners, LLC projects approximately 22 jobs may be created in the 1st year, and 30 jobs may be created by the 3rd year. C. Yakima First Partners, LLC anticipates the total private investment in the development project to be $2,084,000. D. Yakima First Partners, LLC agrees to contact the local One -Stop Career Center, Job Service Center or other Community based Organizations for assistance in filling new job positions. E. Yakima First Partners, LLC agrees to provide the City of Yakima with employment and investment data as requested by SIED. F. The funding for this project anticipates a $416,000 SIED Grant, a $416,000 SIED Loan, and a 20% matching requirement of $168,000. The $168,000 match will be provided by the developer, Yakima First Partners, LLC, in the form of cash, and right-of-way. CONTINGENCY This Agreement is contingent upon receipt of the full SIED funding request by the City of Yakima. City City Manager CITY CONTRACT NO RESOLUTION NO Date Yakima First Partners, LLC Date . P i t L. Designated Representative City of Yakima Russell Lane Improvement Project Yakima First Partners, LLC Development ATTACHMENT 5 Business Plan poeves. Franchisee Company Information 1 Company Overview Locations: Yakima First Partners, LLC ("Applicant") is developing this Popeye's restaurant located on South 15t Street in Yakima, Washington. Applicant, together with its affiliates ("Popeye's Team"), have opened and operate two (2) Popeye's locations in the region. The first location was in Yakima, WA on Nob Hill Blvd and opened September 2017. The second location was in Sunnyside, WA, and opened December 2019. This will be the third (3rd) location developed. Operational Excellence: Our Popeye's Team prides itself on building and operating first-class Popeye's restaurants to serve their local community. As part of this, our Popeye's Team works to constantly train its team members and to embrace the Popeye's culture. We want every team member and guest to have a great experience at Popeye's! Job Creation: Popeye's is a great employer that is constantly recruiting team members and working to develop them into shift leaders and managers. We work to provide our people opportunities. People development is important to us. Additionally, we hire up to 70 individuals for a new opening, and we work to train and retain as many as possible. Part of our success is in building a great team, which starts with job creation. This new location will provide a great opportunity for many future team members to be successful. Leadership: Our leadership team has successfully lead Popeye's operations since the first opening in 2017, and our restaurants perform in the top of the Popeye's systems for operations excellence. Our operations team is highly qualified and certified by the Popeye's brand. We look forward to the opportunity to develop this South 1st Street location in Yakima, WA, and appreciate your support! 2 ATTACHMENT 6 Letters of Support TbWhom |t May Concern Ana resident of the City of Yakima, and a commercial developer throughout Ya�maVa|�y | would like to lend my support for Supporting Investments in Economic Diversity (S|ED) Board funding Russell Lane Improvement Project | am currently under contract for land immediately to the north of the proposed popnyes deve|opnoentand recognize the traffic difficulties the existing Russell Lane offset alignment from the signalized intersection presents for traffic leaving the adjacent businesses along Russell Lane *sm local developer and adjacent property owner,owner,improving traffic flowi ow in this area would improve the ability toredevelop nnyland and land along Russell Lane. Sincerely, Nick Awad 1 ITEM TITLE: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEM ENT Item No. 6.G. For Meeting of: July 5, 2022 Resolution authorizing the City of Yakima to participate in a S I E D application on behalf of the Yakima First Partners, LLC for a project at South 1st Street and Russell Lane SUBMITTED BY: Joan Davenport, Community Development Director Bill Preston, City Engineer SUMMARY EXPLANATION: The City of Yakima has been requested to authorize an application with the Supporting Infrastructure for Economic Development (S I ED) program to fund an improvement to the existing street intersection of South 1st Street and Russell Lane. There is an existing traffic signal at this intersection. Russell Lane will be re -aligned to utilize this existing signal. This project will open up about 5 acres of commercial property and make more efficient use of our street network. The private party will pay the local match and is responsible for the loan repayments. The project is requesting $416,000 in grant, $416,000 in loan and $168,000 in local match. ITEM BUDGETED: NA STRATEGIC PRIORITY: Partnership Development APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Adopt Resolution ATTACHMENTS: Description Resolution Authorizing City to Support SIEDApplication for YFP , LLCr D SIED application Upload Date 6/30/2022 6/30/2022 Type Resolution Corer Memo