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HomeMy WebLinkAboutMINUTES - 05251999 - C112 Contra Costa TO: REDEVELOPMENT AGENCY County FROM: Phil Batchelor Executive Director DATE; May 25, 1999 SUBJECT. North Richmond Industrial Incubator Business Plan and Implementation Strategy- North Richmond Redevelopment Project Area SPECIFIC REQUEST (S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS APPROVE AND AUTHORIZE the Deputy Director-Redevelopment to execute a contract with Claggett Wolfe Associates for the preparation of the Industrial Incubator Business Plan and Implementation Strategy for North Richmond Redevelopment Project Area. FISCAL IMPACT No impact on the General Fund. The total cost of the project is $176,760, of which $145,000 will be provided by CDBG and the capital portion of the redevelopment bond proceeds will fund $33,655. The project was included in the adopted Fiscal Year 1998-1999 budget. BACKGROLINDIREASONS FOR RECOMMENDATIONS A major goal of the North Richmond Redevelopment Project Plan is to facilitate economic development, stimulate and attract private investment, and to create employment opportunities for area residents in the Project Area. Claggett Wolfe Associates prepared the initial Incubator Feasibility Study in September 1997, which provided preliminary evidence to support an industrial incubator in North Richmond. In this contract period, Claggett Wolfe Associates and its sub-contractors will confirm the initial market feasibility findings and if proven feasible develop the business plan and implementation strategy to move the project into the construction stage. Members of the North Richmond Municipal Advisory Council (NRMAC)were on the Steering Committee charged with reviewing the consultant proposals, interviewing the candidates, and making a final recommendation to the Agency. On May 11,1999 the NRMAC approved the selection of Claggett Wolfe Associates and the amount of$33,655 in redevelopment funds for the project. Contract execution and project initiation is contingent upon the release of CDBG funds. CONTINUED ON ATTACHMENT. YES SIGNATURE: „,RECOMMENDATION OF EXECUTIVE DIRECTOR ` RECOMMENDATION O AGENCY COMMITTEE ?�' APPROVE OTHER F % SIGNATURE (S)s f \ ACTION OF AGENCY ON APPROVED AS RECOMMENDED. OTHER MOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A 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: Rabail Shah r� 335-1251 ATTESTED '%„ , PHIL BATCHELO GENC'? SECRETARY Orig.Dept: Redevelopment cc: Community Development f : CAO BY '" -.-..,DEPUTY Auditor-Controller Via Redevelopment County Counsel Claggett Wolfe (Contractor) H:\DATA\RABAIL\RP—D\MAINPARK.BOS.doo