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TO: REDEVELOPMENT AGENCY jCosta
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FROM: Phil Batchelor COUrly
Executive Director
DATE: January 5, 1999
SUBJECT: North Richmond Industrial Business Incubator-North Richmond Redevelopment Project Area
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATIO3N
RECOMMFNDABONS
APPROVE and AUTHORIZE the Deputy Director-Redevelopment to 'submit a Community
Development Block Grant application for the preparation of a business plan and implementation of the
Industrial Business Incubator for the North Richmond Redevelopment Project area.
FISCAL IMPACT
No General Fund money will be used*.on this project. The total project costis $243,636, of which
$145,853 is being requested from CDBG. Additional project funding will be provided by the North
Richmond Redevelopment Project Area as provided for in the adopted Fiscal Year 1998-99 budget.
BACKG&QUND LASONS FOR RECOMMENDATIONS
A major goal of the North Richmond Redevelopment Plan is to facilitate economic development,
stimulate and attract private investment, and create employment opportunities for area residents in the
Project Area. Development of an Industrial Business Incubator has been proposed as a crucial step in
promoting economic development and revitalizing the area. Agency staff and members of the North
Richmond Municipal Advisory Council (NRMAC) were involved with the development of a feasibility
study to determine the viability of developing an incubator in the community. The completed study
identified a four component incubator for the community including; achining and tool' g, contract
CONTINUED ON ATTACHMENT: �YES SIGNATURE:
Ct
RECOMMENDATION OF EXECUTIVE DIRECTOR COMME ATION OF NCY
COMMITTEE APPROVE _OTHER
SIGNATURE(S):
ACTION OF AGENCY ON January 5 x, 19 9 9 APPROVED AS RECOMMENDED.IL2L OTHER
4
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
xx UNANIMOUS (ABSENT - - - - ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact: Beth Lee
335-1256 ATTESTEDJanuau 5 . 1999
prig: Redevelopment Agency PHIL BATCHELOR,
cc: Community Development AGENCY SECRETARY
CAO
County Counsel
Auditor-Controller
, DEPUTY
B
production, adult training program and youth training program. The North Richmond community
unanimously supported the study and its recommendations to develop a businessplan, refine market
and financial feasibility, develop the organizational structure, identify a site and secure funding to
move the project forward to completion. The submittal of a Community Development Block Chant
application is one of several next steps to bring the project to fruition.