HomeMy WebLinkAboutR-1994-137 Public Works Trust FundRESOLUTION NO. R-94- 3'7
A RESOLUTION authorizing and directing the City Manger to apply for a loan
from the Washington State Community Public Works Trust
Fund to finance improvements to public infrastructure in the
vicinity of Elks Park.
WHEREAS, economic development is a priority of the City of Yakima, and
the City intends to approach economic development on an inclusive,
comprehensive basis which involves public, private and community-based efforts
to achieve new investment and redevelopment in the City, and
WHEREAS, Central's, Inc. has proposed formation of a private/public
partnership to develop a new light industrial facility in the vicinity of Elks Park
within the State designated Community Empowerment Zone, and
WHEREAS, the proposed light industrial facility represents a significant
opportunity for reinvestment and redevelopment in Yakima, with substantial
opportunities and economic diversification and job creation which would benefit
the local economy, and
WHEREAS, the proposed light industrial facility will require improvements
to public infrastructure in the vicinity of Elks Park, and
WHEREAS, the state Public Works Trust Fund provides low-interest loans for
new infrastructure and infrastructure expansion projects that foster economic
diversification and job creation in areas like Yakima where local forest -related
economies have been adversely affected by recent conditions, and
WHEREAS, improvements to public infrastructure which will be required
for the proposed light industrial facility appear to be appropriate for Public
Works Trust Fund financing, and
WHEREAS, it is in the best interests of the City of Yakima that the proposed
light industrial facility and associated improvements to public infrastructure in
the vicinity of Elks Park be constructed expeditiously and that all appropriate
state financial assistance be utilized, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is hereby authorized and directed to execute and submit
the attached application, including all understandings and assurances contained
therein, for Public Works Trust Fund financing for improvements to public
infrastructure associated with the proposed light industrial facility. The City
Manager is hereby designated as the official representative of the City to act in
lap\comm&econ devel\Central's PWTF.res. 10/21/94 2:20 PM
Yakima Gateway Center: Final Plat Approval Resolution -- Page 1
connection with that funding application and is authorized to provided such
additional information as may be required to complete the application process,
ADOPTED BY THE CITY COUNCIIL this% T'day of �)1 , 1994.
QV"
Mayor
ATTEST:
City Clerk
,04
lap\comm&econ devel\Central's Pw'IP.res. 10/21/94 2:20 PM
Yakima Gateway Center: Final Plat Approval Resolution -- Page 2
EXECUTIVE SUMMARY
Mr. William 'Bill' Ash has submitted a proposal to form a joint private/public
sector partnership to construct a new light -industrial facility with associated off-
site public infrastructure improvements within the City's State -designated
Community Empowerment Zone.
The proposed project by Centrals, Inc., consists of a new 20,000 square foot
building with employee and client parking. In addition to the building, additional
company vehicle parking would be installed, new dry storage area created,
loading docks for truck/train and outside staging areas installed. The new
building would consist of 6,000 square feet of general office space and 10,000
square feet of new production/manufacturing space, 4,000 square feet of parts and
dry storage would also be included. The new building would allow Central's Inc.
the capability to increase its present business capabilities in its several fields of
endeavors. It would also give them the room to organize and become more
competitive and profitable through its reorganization. If additional land were
available, an additional 2,000 square feet of building would be constructed to
accommodate another enterprise, as -well -as reconfiguration of the site location of
all buildings for additional storage/staging areas. It is anticipated that a total of 10
to 20 new job positions will result from the proposed project.
The new enterprise created would provide for close tolerance metal punching.
Metal punching requires very exact standards, as much of this work is for the
aerospace industry. A punch machine would be purchased at the cost of
approximately $250,000 and would create 4-8 potential new jobs of a total of 10
to 20 new jobs created overall. Inherent in the additional building would be space
to store raw and finish material. Currently, Central's Inc. performs some of this
work in a much smaller capacity for in-house manufacturing. Upon creation of
the new enterprise, it is projected that it would take 1-2 years to break into this
new market arena.
The public facility portion of the application for Central
Heating/Plumbing/Mechanical & Refrigeration Company of Yakima at their
zoned M-1, Light Industrial property is the improvement of "J" Street from 6th
Avenue to 8th Avenue, and from "J" Street to Hathaway Avenue. The
improvements provide for building the street sections in question to local access
street standards as noted in the accompanying "standard detail". Included with the
improvement are water, sewer, drainage and street lighting. Other improvements,
not proposed, to be part of the application are paving of the east Elks Park gravel
parking lot and adjusting the fencing between Elks Park and the proposed
industrial development site. These improvements are in consideration of vacating
public unneeded portions of the 8th Avenue right-of-way fronting the west side of
the industrial development site and a 20 -foot wide strip of the east side of Elks
Park. Both land strips are for enlargement of the industrial site.
Central's Inc. proposal for the purchase of Elks Park land was presented before the
Parks Commission September, 12, 1994 for their review and approval/denial. A
motion was passed to accept the proposal of the sale of the portion of park land
requested with conditions.
PWTF funding would provide for the construction of approximately 890 feet of
improved road, curb/gutter, sidewalks, lighting at the industrial development site.