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HomeMy WebLinkAboutRES NO 048-2016 (3)RESOLUTION NO. 048-16 (3) A RESOLUTION OF -THE COUNCIL OF THE CITY OF BAKERSFIELD ADOPTING THE AMENDED ECONOMIC OPPORTUNITY AREA PLAN AND AMENDING THE DOWNTOWN ECONOMIC OPPORTUNITY AREA. WHEREAS, the City of Bakersfield (herein "City") is a charter city, and the Council is vested by its Charter with the power to make polices and regulations with respect to all municipal affairs; and WHEREAS, economic development has long been a priority of the City working to create and maintain a vibrant local economy and successful business environment; and WHEREAS, the use of City funds and resources for economic development activities is proper because economic development is a municipal affair with a clear benefit to the City's inhabitants and businesses; and WHEREAS, economic growth within the City aids in the promotion of health and welfare of the residents and businesses in the City, and is a general benefit to the City by and through the provision of improved retail and commercial success, increased commercial/industrial opportunity, increased visitation and visitor spending, and an expanded tax base, which aids the City in providing municipal services to its local residents and businesses; and WHEREAS, while the City was successful at utilizing redevelopment as an economic development tool, the redevelopment program was dissolved by the Dissolution Act in February 2012 and is no longer available for use by local jurisdictions; and WHEREAS, on April 20, 2016, the Bakersfield City Council adopted the Economic Opportunity Area Plan as a local economic development tool to promote economic growth within specific geographic areas of Bakersfield; and WHEREAS, on April 20, 2016, the Bakersfield City Council established the Downtown Economic Opportunity Area ("EOA"); and WHEREAS, on November 6, 2018, City of Bakersfield voters approved the Public Safety and Vital City Services ("PSVS") measure, a sales fax increase, to address top community priorities including bolstering economic development activities; and WHEREAS, on January 29, 2024, the Budget, Finance and Economic Development Committee referred to the full Council updates to the EOA Plan and EOA boundaries; and - Page 1 of 3 Pages - � o `JoRfG1N�L WHEREAS, the City Council finds that it is in the best interest of the City to continue economic development within the City by adopting the amended Economic Opportunity Area Plan ("EOAP") as a locally initiated development tool that uses tax increment financing, PSVS and other public funds' to promote economic growth within specific geographic areas throughout Bakersfield and more fully described in Exhibit A, attached hereto and incorporated by reference herein; and WHEREAS, in furtherance of its goal of economic development, the City Council desires to amend the Downtown Economic Opportunity Area ("EOA") as shown in the attached map as Exhibit B and incorporated by reference herein. NOW, THEREFORE, BE IT RESOLVED, by the Council of, the City of Bakersfield as follows: 1. The City Council finds and determines that the forgoing recitals are true and correct and incorporated herein by reference. 2. The City Council finds and determines that it is necessary, and in the best interests of the City to adopt the amended EOAP as set forth in Exhibit A, attached hereto and incorporated by reference herein. 3. The City Council hereby amends the Downtown EOA as shown in the attached map as Exhibit B and incorporated by reference herein. 4. The tax increment base year for the Downtown EOA is July 1, 2019. 5. Tax increment generated from the Downtown EOA shall be accounted for ,annually. 6. City Council, authorizes the disbursement of funds for eligible economic development activities consistent with the EOAP as set forth in Exhibit A. 7. The minimum and maximum amount of tax increment distribution within the Downtown EOA per year shall be as set forth in Exhibit A. 8. The duration of the Downtown EOA shall not exceed an initial term of twenty years unless extended or terminated sooner by the City Council. 9. City Council shall have the ability to suspend the EOAP if the City is facing or forecasting an economic hardship to the General Fund. 10. City Council shall direct the City Manager to implement procedures that fairly execute this economic -development policy. -------------- 0000000-------------- - Page 2 of 3 Pages - m 00RIGINP HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of the City of Bakersfield at a regular meeting thereof held on SEP 2 IS 2024 L by the following vote: r A E COUNCILMEMBER ARIAS, GONZALES, WEIR, SMITH, roEEA-•-�"4i GRAY, KAUR ROVS: COUNCILMEMBER STAIN: COUNCILMEMBER ABSE COUNCILMEMBER FQ(2,knAc3t92� J LIE DRIMAKIS, CMC CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield APPROVED: SEP 7 5 2024 By wO9/ KAREN GOH MAYOR APPROVED as to form: VIRGINIA GENNARO City Attorney JeSputy HUA H. RUDNICK City Attorney Attachment: Exhibits A & B CG S:\EDCD_Shared\Economic Development\EDSP\Business Care\Incentives\Economic Opportunity Areas\2024 Update\City Council\Resolutions\Amended Resolution Downtown.Docx - Page 3 of 3 Pages - � ..sty✓f`^' '7'' � ir, •' a { 47, VIPIOM tWIM,- rt� fiel'd�,`CX-933 rit} d 6611�3�26' 3s7�53 =, , Contents 1. Introduction...............................................................................................................................3 2. Program Financing......................................................................................................................3 2.1. Qualified Applicants......................................................................................................................4 2.2. Funding Sources............................................................................................................................4 2.3. Tax Increment Financing (TIF) Example........................................................................................4 3. Economic Opportunity Areas......................................................................................................5 3.1. Downtown Economic Opportunity Area.......................................................................................6 3.2. South SR 58/Airport Economic Opportunity Area........................................................................6 3.3. State Route 99 Corridor Opportunity Area.................................................................................7 3.4. 34th Street Corridor Opportunity Area......................................................................................... 8 3.5. East Hills Opportunity Area...........................................................................................................8 3.6. Old Town Kern Opportunity Area.................................................................................................9 3.7. Southeast Opportunity Area.........................................................................................................9 4. Financial Incentives..................................................................................................................10 4.1. Site Improvement/Rehabilitation Grant.....................................................................................10 4.2. Business Relocation/Expansion Grant........................................................................................10 4.3. Development Assistance.............................................................................................................11 4.4. Small Business Loans...................................................................................................................11 5. Implementation Strategy..........................................................................................................11 5.1 Resolution Approving the EOAs..................................................................................................11 5.2. Program Guidelines.....................................................................................................................12 5.3. California Prevailing Wage..........................................................................................................12 5.4. Approval of Economic Development Activities...........................................................................12 5.5. Continual Transparency..............................................................................................................13 ATTACHMENTS A. Map - Overall Economic Opportunity Areas B. Assessed Values (2014 — 2022) C. Map — Amended Downtown Economic Opportunity Area D. Map — Amended South SR 58/Airport Economic Opportunity Area E. Map —Amended 34th Street Corridor Economic Opportunity Area F. Map — Amended East Hills Economic Opportunity Area G. Map — Amended Old Town Kern Economic Opportunity Area H. Map — Amended Southeast Economic Opportunity Area I. Map — State Route 99 Corridor Economic Opportunity Area J. Map — Qualified Census Tracts 1. Introduction The City of Bakersfield's Economic Opportunity Area Plan (EOA Plan) is a locally initiated program that uses tax increment financing, local sales tax revenue and other public funds to promote economic growth within specific geographic areas of Bakersfield. The program was modeled in part, after State redevelopment concepts and structured to be more flexible so it can meet demands of specific areas within the City. Implementation of the Plan is anticipated to facilitate increased private sector investment that will in turn create more tax revenue, promote businesses growth, and generate new jobs. The Plan outlines the concept of Tax Increment Financing and the use of local financing as a commitment to revitalize specific areas. Next, the Plan addresses the concept of Economic Opportunity Areas (EOAs), including a description of seven EOAs to be implemented, along with respective economic development activities to be pursued. Finally, the Plan lays the framework for implementation and the review process to ensure thatthe economic development activities align with the City Council's priorities. In November 2018, City voters approved the Public Safety and Vital Services (PSVS) measure. The investment priorities for the measure align with the EOA Plan such as: • Keeping public areas safe and clean. • Addressing the fiscal stability of the City. • Creating jobs through economic development, business retention/ attraction and workforce development. • Enhancing amenities throughout the community to improve the quality of life and attract visitors. Therefore, PSVS funding is appropriate to support implementation of EOA programs that address the investment priorities. In 2021, the City was awarded Coronavirus State and Local Fiscal Recovery Funds (SLFRF), established under the American Rescue Plan Act (ARPA). The City Council approved a funding framework that included funds for entrepreneurship, business expansion and fagade improvements. Therefore, SURF funding and future Federal or State funds consistent with EOA objectives may support the implementation of EOA incentive programs. The Plan is subject to revision as circumstances may warrant overtime and additional EOAs added in the future. A map of seven areas is included as Attachment A. 2. Program Financing When the private market does not provide sufficient capital and economic development activities to a specific area, public actions may be necessary to stimulate growth. This action can include public investments, capital improvements, enhanced public services, technical assistance, tax benefits, and other types of stimuli. Public financing may serve as a mechanism to develop and encourage new business, enable existing business retention and expansion, and provide other economic development opportunities. T tZ m ORIGINAL 2.1. Qualified Applicants The financial incentives are eligible for both non-profit entities and for -profit businesses . Program applicants must have a city business license and be located within or relocating into a designated EOA. 2.2. Funding Sources The City annually receives an allocation of property tax revenue which is appropriated to the General Fund to support a variety of municipal services. Under this Plan, the incremental growth in property tax revenue derived from the EOAs would remain in those areas to help fund economic development activities. To explain, the assessed property value in a defined area is "frozen" at a specific year, which is referred to as the base year. On an annual basis, all property tax revenue collected above the base year (tax increment) is applied toward meeting Plan's priorities. The tax increment allocation is set for 20 years; after the expiration of the Plan, the remaining tax increment is re- directed back into the General Fund, unless extended by City Council. Ideally, the ongoing reinvestment of tax increment into a specific area assists in raising the assessed property values owned by non-exempt entities above where they would have been without such improvements. With higher values, property tax revenue naturally rises as well. The tax increment funding amounts will be determined annually through the budget process. Additional funding sources from the City's general fund, per PSVS investment priorities, can also be included. When available, the City intends to utilize and leverage State, Federal, and other economic development funds to further enhance revitalization. All funds will be allocated as part of the annual budget process. To respond to the negative impacts of the Covid-19 pandemic, SLFRF funds will be used to assist eligible small businesses and non -profits in qualified census tracts, see Attachment J - Map of Qualified Census Tracts. 2.3. Tax Increment Financing (TIF) Example Assume that upon designation as an EOA, the area generated $500,000 in annual property tax revenue to the City in the preceding fiscal year, which now becomes the base year. After being designated as an EOA, the area now generates $522,000 in property tax revenue to the City. The difference in property tax revenue between the base year ($500,000) and Year 2 ($22,000) is the tax increment. After 10 years, the EOA now generates $590,000 in property tax revenue, which equates to $90,000 in tax increment. See Figure 1. The TIF generated in each EOA since the base year is shown in Attachment B. INK 4 > m 'ORIGINAL Figure 1: Tax Increment Financing Example $600,000k $580,000k — 4 $560,000k $540,000k � '— $520,000k Tax Increment Em Property Tax (Base Year) $480,000k $460,000k $440,000k �a a�� as � A� 3. Economic Opportunity Areas Seven EOAs are included for implementation. The areas are: (1) Downtown Bakersfield EOA, (2) South State Route (SR) 58/Airport EOA, (3) SR 99 Corridor EOA, (4) 34th Street Corridor EOA, (5) East Hills EOA, (6) Old Town Kern EOA; and (7) Southeast EOA. The areas selected, as depicted on Attachment A, were based on their need for supplemental economic development activities. The selected areas predominantly include property zoned for commercial and industrial uses, which are uses that contain business and economic growth opportunities. The purpose of this Plan is to develop and encourage new business, promote existing business retention and expansion, support non -profits and provide other economic development opportunities with funds allocated toward economic development activities that include and support the following: • Support Existing Development with predominantly publicly visible rehabilitation and renovation of buildings, site and landscape enhancements, and related development fees. • Support Future Development with demolition, site preparation, and property acquisition. • Support Business Growth and Expansion with costs to start-up new businesses or existing businesses that want to expand. The following sections contain a description of each of the seven EOAs and the potential investment opportunities within each EOA. 5 ©� N 19 > rn 50RIGINA 3.1. Downtown Economic Opportunity Area The Downtown Bakersfield EOA is in the heart of the city and characterized as the central business district. The area profile includes: Figure 2: Downtown Bakersfield EOA—Area Profile Investment Opportunities Downtown Bakersfield has historically served as a center of civic and business activity and has suffered over time from the relocation of major retail businesses to more suburban locations. In recent years, however, Downtown Bakersfield has begun to experience a resurgence and becoming a focal point for the arts, entertainment, dining, and specialty retailing. The City has invested substantially in several new affordable housing developments in the downtown area. The continuing revitalization of downtown has started to create new interest in market rate housing opportunities. Despite these encouraging successes, the downtown area continues to contain a considerable amount of vacant and underutilized properties. The emphasis for investment in the Downtown Bakersfield EOA is based on continuing to build on past successes and encourage continuing revitalization by physically enhancing the public realm and encouraging investment in upgrading and renovating existing buildings and properties. Potential economic development activities include: • Improve pedestrian connectivity (e.g., sidewalks, park benches) • Enhance visual characteristics (e.g., stamped concrete, kiosks) • Promote the arts and shopping district (e.g., street banner program) • Beautify medians and islands (e.g., install synthetic turf or pavers) • Implement Making Downtown Bakersfield Vision plan projects • Promote high -density residential development 3.2. South State Route (SR) 58/Airport Economic Opportunity Area The South SR 58/Airport EOA is in South Bakersfield and is anchored by the Bakersfield Municipal Airport and the historic Union Avenue Corridor. The Airport is a City -owned and operated 190-acre general aviation airport. The area profile includes: 6 r 0 <�ORIGINP,I- . Area Size: 875 Acres No. of Parcels: 1,625 Parcels Primary Zoning: Residential, Commercial, Manufacturing, &Mixed -Use - Figure 3: South SR 58/Airport EOA—Area Profile - Figure 3: South SR 58/Airport EOA—Area Profile Area Size: 2,974 Acres No. of Parcels: 2,622 Parcels Primary Zoning: Residential, Commercial, and Industrial Investment Opportunities A majority of the South SR 58/Airport EOA area is lightly developed, and existing land use designations support industrial and commercial uses. The main commercial corridors are Union Avenue, South Chester Avenue and Martin Luther King Jr. Blvd. The EOA area, east of Union Avenue consists of lightly developed orvacant land. Significant portions of land north and south of the airport have development constraints due to the airport's flight pattern. Acceptable uses in the area affected by the flight pattern include warehousing, two-story offices, and single- family homes on existing residential lots. Unacceptable uses include retail, manufacturing, hotels and motels, and residential subdivisions. The South SR 58/Airport EOA offers excellent opportunities to support commercial and some industrial uses. There is an opportunity to support business expansion and growth along the three main commercial corridors. There will be a noticeable benefit in allocating public funds toward filling vacant structures and infilling undeveloped properties. The potential economic development activities here include, but are not limited to: • Incentives to fill vacant buildings. • Incentives to develop vacant land. • Environmental remediation and site preparation 3.3. State Route (SR) 99 Corridor Opportunity Area The SR 99 Corridor, EOA is in Central Bakersfield and allows for various commercial development. The area profile includes: Figure 4 State=Route 58/Nit. Vernon, EOA;- Area Profile: " Area Size: 298 Acres No. of Parcels: 292 Parcels Primary Zoning: Commercial Investment Opportunities This area benefits from proximity to State Route 99, with highway serving businesses and main access points to the City at several interchanges. The planned Centennial Corridor Project will enhance connections to State Route 58 and the Westside Parkway, enhancing this area to businesses that rely on convenient freeway access and to trans -state and cross-country markets. Potential economic development activities include: • Incentives to develop vacant land • Incentives to fill vacant buildings. • Environmental remediation and site preparation 7 e o 3.4. 34th Street Corridor Opportunity Area The 34th Street Corridor EOA is located just north of the heart of the City with the primary economic focus and driver of this area being Dignity Health Memorial Hospital. The area profile includes: :Figure 5: 34th Street Corridor EOA — Area Profile. Area Size: 1,365 Acres No. of Parcels: 3,025 Parcels Primary Zoning: Commercial, Manufacturing, Residential, Recreation Investment Opportunities Memorial Hospital has experienced significant growth and expansion of its own facilities in recent years, and in turn the hospital's growth has created a market and need for medical offices and other uses related to the medical field. Memorial Hospital has also invested its own resources in adding streetscape features along 34th Street from Q Street to Union Avenue and has expressed interest in undertaking similar improvements west to Chester Avenue. Beyond Memorial Hospital and its ancillary facilities, the remainder of the area continues to be economically depressed. The commercial and manufacturing -zoned land further away from the hospital includes many parcels that are vacant, abandoned, and/or support dilapidated buildings. Some of the residentially zoned and developed land near the commercial/ manufacturing areas may be ripe for transition. It is anticipated that many of the residential areas that make up a good part of this area will continue to remain. For those residential areas, there is an interest in strengthening the quality of the housing to better support and enhance the overall image of the area as a major medical/health care center. Potential economic development activities include: • Improve pedestrian connectivity (e.g., sidewalks, park benches) • Enhance security (e.g., lighting upgrades) • Beautify medians and islands (e.g., install synthetic turf or pavers) 3.5. East Hills Opportunity Area The East Hills EOA is in the east Bakersfield area and centered around the former East Hills Mall. The area profile includes: Figure-6: East Hills EOA - Area Profile Area Size: 649 Acres No. of Parcels: 787 Parcels Primary Zoning: Commercial Investment Opportunities From its opening in 1988, the East Hills Mall struggled to reach full capacity, and was subsequently demolished. There has been renewed interest by investors with plan�1Tb�r�� it 8 > r � a OR1G1�F i- revitalization. It remains a low performing location due totraffic circulation in the area that are challenging. The surrounding commercial uses have also experienced a lack in private investment. Potential economic development activities include: • Incentives to fill vacant buildings • Incentives to develop vacant land 3.6. Old Town Kern Opportunity Area The Old Town Kern EOA is located east of Downtown. It is a diverse community in a historical center of Bakersfield and possesses great potential for revitalization. The area profile includes: FigureDId.Town. Kern EOA.= Area Profile _. Area Size: 1,029 Acres No. of Parcels: 2,397 Parcels Primary Zoning: Manufacturing, Commercial, Residential Investment Opportunities While the area is economically distressed, it has a few buildings and sites that reflect the rich history of the area. Because of the Railroad and the availability of social service providers, the area has been known for a high concentration of transients. The lack of private investments into the area has deteriorated over the years; however, it is also one of the few neighborhoods in Bakersfield, where residential neighborhoods are adjacent to commercial businesses making for a great community atmosphere. Potential economic development activities include: • Improve pedestrian connectivity (e.g., sidewalks, park benches) • Enhance visual characteristics (e.g., stamped concrete, kiosks) • Enhance security (e.g., lighting upgrades) • Beautify medians and islands (e.g., install synthetic turf or pavers) • Promote high -density residential development. 3.7. Southeast Opportunity Area The Southeast EOA is located south of Downtown. It is an area developed with residential and commercial corridors. The area profile includes: ;Figure 8: Southeast EOA - Area Profile Area Size: 2,974 Acres No. of Parcels: 5,731 Parcels Primary Zoning: Residential, Commercial Investment Opportunities The area is historically residential neighborhoods with two north -south commercial corridors down Chester and Union Avenues, and California Avenue along the northern edge. There ha u 9 } r _ Q �®Ft1Glia�t- been limited economic growth in the area and future growth would require redevelopment and infill of vacant parcels. The arterial streets in the area carry high vehicle speeds with a limited number of controlled intersections and pedestrian amenities (i.e., trees, benches, streetlights, etc.) However, the mix of residential neighborhoods, commercial uses, and existing street network create opportunities for improved business activity by investing into amenities and facilities that create a more pedestrian -friendly environment. In turn, these investments can stimulate economic opportunity in the area. Potential economic development activities include: Potential economic development activities include: • Improve pedestrian connectivity (e.g., sidewalks, park benches) • Enhance visual characteristics (e.g., stamped concrete, kiosks) • Enhance security (e.g., lighting upgrades) • Beautify medians and islands (e.g., install synthetic turf or pavers) 4. Financial Incentives For the purposes of this Plan, financial incentives and technical support may include the following: 4.1. Site Improvement/Rehabilitation Grant The site improvement and rehabilitation grants can provide financial assistance for the following activities. Priority will be given to existing vacant or underutilized structures to new uses or to revitalize previous uses: • Facade Improvements: Investments in exterior building improvements (e.g., paint, awnings, doors, windows, lighting) • Site Enhancements: Investments in non-structural improvements (e.g., sidewalk, parking lots, landscaping) • Tenant Improvements: Construct publicly visible interior building improvements 4.2. Business Relocation/Expansion Grant The relocation grant can provide financial assistance for business expansion and relocation activities: • Relocation and Expansion: Financial assistance for businesses to relocate to an EOA area and fund eligible relocation and expansion expenses. Note: this is an incentive and is separate from the requirements of the Uniform Relocation Assistance and Real Properties Acquisition Policies Act or the California Relocation Act. • Rent/Lease Reimbursement: Financial assistance for new businesses to relocate to an EOA area. Assistance includes rent reimbursement to assist businesses during the critical first year of operation. y � r 10 c%i.o�r�aNF.L® 4.3. Development Assistance • Reimburse Development Fees. Reimburse development fees for high -density residential (30 or more dwelling units/acre) and commercial redevelopment or reuse of a vacant or underutilized existing building. Fee categories that may qualify include transportation impact fee, building permit fee, water and sewer connection fee, and planning/land use fee. 4.4. Small Business Loans Establish a loan program with a partner or lending institution to offer small business loans in EOA areas to assist site improvement and rehabilitation grant applicants. 4.5 Small Business Technical Support Partner with small business support organizations to provide technical assistance on EOA and other City incentives and exploring opportunities to leverage other financial incentives. 5. Implementation Strategy 5.1 Resolution Approving the EOAs To provide the City Council flexibility to amend the EOAs in the future, a separate resolution establishes each EOA. The resolution describes the concepts related to establishing the EOAs, as follows: • Boundary: The boundary includes whole parcels as they appear on the assessment roll. • Creation Date: The base year for the EOAs will be July 1, 2014. The duration of the EOAs will not exceed a term of 20 years from establishment date; at which time, City Council may extend the duration the program for a specified number of years or dissolve the EOA. • Name: The EOAs are named to reflect the general locations and provide a branded identify. • List of Economic Development Activities: Provide a general list of authorized economic development activities for each EOA. • Tax Increment Designation: The base year for the EOAs will be July 1, 2014. The City will designate future tax increment received from property tax revenue in the prescribed boundary toward economic development activities during the annual budget process. • Minimum and Maximum Tax Increment: Establish minimum and maximum amounts of tax increment designated annually toward economic development activities. To ensure viability of the program, a minimum of $100,000 and a maximum of $250,000 dedicated to each EOA in a fiscal year, regardless of the actual amount of increment that accrued during the same year. � M � r 11 3ORIGWI • Tax Increment Financing Funds: Property tax revenue above the amount derived to the City in the established base year will be identified and accounted for annually and will be budgeted specifically for programs identified in the Plan. • Economic Hardship: The City may suspend dedicating funds to an EOA if the City is facing or forecasting an economic hardship to the General Fund. This action is subject to City Council approval. • All EOA Fund: In some fiscal years, the demand for EOA funding is greater, therefore an all EOA Fund will be established for all EOAs and will be funded during the annual budget process. Grants and other incentives will be awarded based on demand from eligible applications. 5.2. Program Guidelines Comprehensive program guidelines will include a description of financial incentive options and well as detailed guidelines that will establish program criteria, eligibility, and application guidelines. The grants and other financial assistance will require agreements, reporting for monitoring projects and an established annual funding cycle for each fiscal year with proposed grant and threshold amounts based on approved funds allocated during each annual budget cycle. To be eligible for EOA program grants and loans an entity must be an existing legal business or non-profit located within or re-locating/expanding to a designated EOA. The SLFRF funds will be available to small businesses and non -profits that are operating in qualified census tracts and were disproportionately impacted by the pandemic. Per CA Government Code 53083, the EOA program will follow the requirements for cities funding an "economic development subsidy," which is any expenditure of public funds or loss of revenue to a local agency in the amount of one hundred thousand dollars ($100,000) or more, for the purpose of stimulating economic development within the jurisdiction of a local agency, including, but not limited to, bonds, grants, loans, loan guarantees, enterprise zone or empowerment zone incentives, fee waivers, land price subsidies, matching funds, tax abatements, tax exemptions, and tax credits. 5.3. California Prevailing Wage Prevailing wages must be paid to all workers employed on public works projects, as defined by the California Labor Code. For construction, alteration, demolition, and repair projects, prevailing wages are not required to be paid for projects of $25,000 or less, or $15,000 or less when the project is maintenance work. 5.4. Approval of Economic Development Activities For any request for a disbursement of City funds related to this plan that exceeds $40,000 (cumulative for each project), will be brought to the City Council for review and action. For requests of $40,000 or less, the proposal will be reviewed and acted upon administratively by the Economic and Community Development Director based on consistency with s�%d priorities for the EOA area. �"?ufi e o 12 RIG►N A.L S.S. Continual Transparency The City Council will review the Plan's accomplishments during the annual budgetary process. Administrative guidelines will be. developed to establish more detailed procedures for day-to- day implementation of the Plan. Through this process, the City Council may set additional policy and direction related to the Plan. The economic development activities shall be presented in broad categories to have the flexibility in meeting business demands. In addition, the City Council may request revisions to the Plan's priorities anytime through the referral process. A change to the Plan's priorities will require Council approval. 13 Attachment A: Map ' Overall Economic Opportunity Areas ' �, Maltha La Create East Hills Bakersfield Corridor ast Bakersfield WY Downtown Old Town Kern Bakersfield Southeast Bakersfield 58 d Stine Fairfax Benton Park E a, 11� 99 South Hwy Rd Rexiand Acres 14 Attachment B: Assessed Values (2014 - 2022) EXHIBITS - ASSESSED VALUES (2014-2022) ua > m r� o `�ORIGIPJDL 34th Street Corridor 2014 $ 499,622,554.00 , $ 4,996,225.54 $ 915,225.15 Base Yea r 2015 $492,272,381.00 $4,922,723.81 $ 901,548.34 $ (13,676.81)' $100,000 2016. $ 522,534,399.00 $ 5,225,343.99 ' $ 958,255.70 $ 43,030.54 . $100,000 2017 $ 533,688,342.00 $ 5,336,883.42 $ 978,681.97 $ 63,456.82 $100,000 2018 $ 560,371,744.00 $ 5,603,717.44 , $1,027,582.92 $ 112,357.76 $112,358 2019 $ 574,887,798.00 $ 5,748,877.98 $1,052,854.47 $ 137,629.32 $137,629 2020 $ 591,121,942.00 $ 5,911,219.42 , $1,082,604.23 $ 167,379.07 $167,379 2021 $ 789,465,888.00 ' $ 7,894,658.88 $1,447,039.15 $ 531,814.00 ; $250,000 2022' $ 669,309,767.00 $ 6,693,097.67 i $1,225,943.45 , $ 310,718.30 $250,000 $1,352,709.02 $1,217,366 Downtown 2014` $394,254,158.00 $3,942,541.58 , $ 724,604.71 Base Year 2015 $397,914,806.00 $3,979,148.06 $ 731,332.71 $ 6,728.00 ; $100,000 2016; $ 456,912, 265.00 $ 4, 569,122.65 $ 839, 764.68 $ 115,159.97 $115,160 2017 $473,882,040.00 $4,738,820.40 $ 870,953.57 $ 146,348.86 , $146,349 2018 $499,080,778.00 $4,990,807.78 $ 917,266.50 $ 192,661.79 $192,662 2019 $ 511,135,077.00 $ 5,111,350.77 $ 939,421.21 $ 214,816.50 $214,816 2020 $ 513,548,912.00 $ 5,135,489.12 $ 943,857.62 $ 219,252.91 $219,253 2021 $ 521,956,191.00 $ 5,219,561.91 ; $ 959,309.29 $ 234,704.59 $234,705 2022' $ 530,852,140.00 $ 5,308,521.40 ; $ 975,659.35 $ 251,054.64 $250,000 $1,380,727.25 $1,472,945 East Hills 2014 $283,552,243.00 $2,835,522.43 $ 521,512.29 Base Year 2015 $ 292,176,396.00 : $ 2,921,763.96 $ 537,373.98 $ 15,861.69 $100,000 2016 $321,110,319.00 $3,211,103.19 � $ 590,589.51 $ 69,077.22 $100,000 2017 $ 320,982,248.00 $ 3,209,822.48 $ 590,354.00 $ 68,841.71 $100,000 2018 $ 331,614,643.00 $ 3,316,146.43 $ 609,909.28 $ 88,396.99 $100,000 2019 $ 344,872,091.00 $ 3,448,720.91 $ 634,292.54 $ 112,780.26 $112,780 2020 $ 353,946,665.00 $ 3,539,466.65 $ 650,982.60 $ 129,470.31 $129,470 2021 $ 365,435,646.00 $ 3,654,356.46 $ 672,113.25 $ 150,600.96 $150,601 2022 $ 384,815,043.00 $ 3,848,150.43 ' $ 707,756.05 $ 186,243.76 , $186,244 $ 821,272.90 $979,095 SR 99 Corridor 2014 $129,027,608.00 $1,290,276.08 $ 236,511.04 Base Year 2015 $128,169,071.00 $1,281,690.71 $ 234,303.26 $ (2,207.78) $100,000 2016 $133,139,929.00 $1,331,399.29 $ 243,457.89 . $ 6,946.84 $100,000 2017 $137,196,420.00 $1,371,964.20 $ 250,870.82 $ 14,359.78 $100,000 2018 $144,558,865.00 $1,445,588.65 $ 262,521.92 $ 26,010.88 $100,000 2019 $145,264,444.00 $1,452,644.44 $ 263,793.02 $ 27,281.98 $100,000 2020 $148,556,856.00 $1,485,568.56 $ 269,647.42 $ 33,136.37 $100,000 2021 $149,350,774.00 $1,493,507.74 $ 271,089.68 $ 34,578.63 $100,000 2022. $153,495,692.00 $1,534,956.92 . $ 278,600.12 $ 42,089.08 $100,000 Old Town Kern 2014 $230,819,739.00 $2,308,197.39 $ 423,661.05 Base Year 2015 $ 248,920,193.00 $ 2,489,201.93 $ 456,934.30 $ 33,273.25 $100,000 2016 $ 253,526,454.00 $ 2,535,264.54 $ 465,561.26 $ 41,900.21 $100,000 2017 $265,800,834.00 $2,658,008.34 $ 488,121.88 $ 64,460.83 $1002000 2018, $ 274,730,344.00 $ 2,747,303.44 $ 504,530.29 $ 80,869.23 $100,000 2019 $ 289,396,578.00 $ 2,893,965.78 $ 531,489.44 $ 107,828.38 $107,828 2020. $303,376,097.00 $3,033,760.97 $ 557,185.26 $ 133,524.21 $133,524 2021 $312,776,990.00 $3,127,769.90 : $ 574,467.32 $ 150,806.27 $150,806 2022 $333,020,501.00 $3,330,205.01 $ 611,683.47 $ 188,022.42 $188,022 $ 800,684.79 $980,181 South SR 58/Airport 2014i $186,991,722.00 , $1,869,917.22 ; $ 319,636.29 Base Year 2015 $202,412,076.00 . $2,024,120.76 , $ 346,429.85 $ 26,793.56 $100,000 2016 $ 215,365,285.00 $ 2,153,652.85 $ 367,939.10 $ 48,302.81 $100,000 2017 $ 228,234,654.00 $ 2,282,346.54 $ 390,655.65 $ 71,019.36 $100,000 2018 $ 243,897,601.00 $ 2,438,976.01 $ 418,354.43 $ 98,718.13 $100,000 2019 $ 258,308,467.00 $ 2,583,084.67 $ 443,347.03 $ 123,710.74 $123,711 2020 $ 274,754,668.00 $ 2,747,546.68 $ 471,504.64 $ 1512868.35 $151,868 2021 $288,790,538.00 $2,887,905.38 $ 495,718.86 $ 176,082.57 $176,083 2022 $ 314,294,215.00 $ 3,142,942.15 $ 539,567.19 $ 219,930.90 $219,931 $ 916,426.44 $1,071,593 Southeast Bakersfield 2014 $506,078,991.00 $5,060,789.91 $ 869,429.66 Base Year 2015 $ 525,122,793.00 $ 5,251,227.93 $ 902,389.50 $ 32,959.83 $100,000 2016 $ 559,805,349.00 $ 5,598,053.49 $ 964,398.97 $ 94,969.30 $100,000 2017 $ 585,749,695.00 $ 5,857,496.95 $1,007,548.96 $ 138,119.29 $138,119 2018 $ 627,246,929.00 $ 6,272,469.29 $1,072,574.55 $ 203,144.89 $203,145 2019. $ 647,548,799.00 $ 6,475,487.99 $1,111,953.76 $ 242, 524.10 $242,524 2020 $689,048,215.00 $6,890,482.15 $1,181,433.27 $ 312,003.61 , $250,000 2021 $717,418,728.00 $7,174,187.28 $1,2302950.24 $ 361,520.57 $250,000 2022 $ 770,926,271.00 $ 7,709,262.71 $1,322,363.27 $ 452,933.60 $250,000 $1,838,175.20 $1,533,788 16 Attachment C: Map — Amended Downtown Economic Opportunity Area (Green area) r P Ma t a; ! w '. GOO w± FtiSy uI � i Oho 3 I 34TH ST T9T� _- t t { NILESST - : LL 5 I 24TH ST —211' MDSi 1 .w I��i Iivl'' L A _ _ rpowntown TRUx7U1.AVE- f _:!Bakersfield 1 ..CALIFORNIAAVE_-.. . _+ 1, i L.% r N' argxN o-i e-c Ued ArabiJ, G.CaeerteeMG .a+�y Ue"maxae�'.Oe t'cu t+m C�rG &�.e+.JN r'.atex m c:zrh�:ezc+c�arn aBssr+cie:q o ��nvrfo3�LaavaP rb Ot LI.IST PA __ 4TH ST 17 �ORIGINF,L'::' Attachment D: Map — Amended South SR 58/Airport Economic Opportunity Area (Blue area i t BRUNDAGE LN ---i ---- ---- --»-._ ...,._ BRUNDAGE LN i > - _ r I 1 I r f- �za FFF���.111� to i�,tr�,_'� 1 j�•��� o� �� # s ' [� i B LLETCRRACE i 31� ,BELLE 7ERRkCE { I- 4 a=_: mm AVE Fi I of Casa LOUa 6R (f` r NILSO'J ; l.' _( i South Hwy , �� 1= 58/Airport PLANZ RD � a .,..»" ........._ ......� ._ ..,._.....y , 1 x o g� __ � I 1 t✓ I i _ —Z' PACHECO RD t c . I .". __. - a�z�.+w q' ra[wc.4 C� a na Cc.. -[y a�( � Ggws-oa rta �•u M •, ms+�+v'n..m�»s t.:t,�ta ..�.«. c:.�`.. am apt-..�.r,�»�, i I FAIRVIEW RD BELLE �"6^iH Uf AT 18 '- 0 ®RIG! P& Attachment E: Map — 34th Street Corridor Economic Opportunity Area (Red area, North to the Right) w f _ 'GOfILEN Iy'L., -Q[,) I, STATE AVE 1 CHES7ERAVE I 6R VERAVE 47 'EBB FIT i._ z _ } . j 1 IiO{S -��-----rrr---------�Q. /7 71, it i H �rl�,f Zvi. t 1\ 1 r - I I ME Al 74 Vt 10 v � 19 QRIGIN� Attachment F: Map — East Hills Economic Opportunity Area (Purple area, North to the Right) s s s �? ,ems � r' 3 4is K 1 j � tt t �• _ WVERNINIA Sf C i It.FTs--. LL fF �NL ( j m WCYWCH-E PIE 51-31 �y{IU3lsf B • �s� u _ MCOSTAST t • ID ff R AC RD - ....... }� fn r 'ORIGINAL 20 Attachment G: Map - Old Town Kern Economic Opportunity Area (Orange area) i t — t f R ST t �W (v 5i11�(l(J:� ! gLtj Ft u=1� Ll �l % n C� 217j` ts'Pr (��r�e,L 1 L 1 nFTA1 i?: tiri lEyl ( / irl......1 r 71( to f! if rj -� J`f ) Ai1LtJr ��t 7i lid U1r1� Nf« -fillJJ t llJ ,ift (! utt;rij'j(�fSr4fl11jrJrt� � .J�r„� �U r t,{,[ i_3 ! . N but 15 w. flttrf,'� ` QldTown:Kern "```W L�'"J L tr u�j TRUXTf1NAVE t j.f 7Ya fi•^7 �—Jfr l- /--L /� � ff f% / __ (]jf�Glcif- - /,� r rF�;1� ! l ; ] IIPiT171 n1.(tr`jj��;t ,"�CJltr, ���" `�� �t 1j7�f� �1! 7 b� J�Yi u1T , iWl J r t J � + j r lf] ' h, J`"`^ p�L/`% r % t / e (^`7 r i._!�`,.,]„�'r p CALIF O NIAAVEJ-'E'l tv,r.L.» I"��rL�t_,'fL,t t! ii! y u e r 21 �ORIGI��,Ic r+ L_L l Z.- j M u is 1noq N1 nvaNnij H.-, h , E" 0 -0 Ea TiN NAMER-Ele-M! a) (A o r+ NO— TT-:-. I —M M- BUT R M LLL-j �4 I jj &in 1AMN19111A OWN PM �16.v Hb, I!-' L —NEW P1 M:; SP Frm-. 7 -31 mw- FR�A. Will j le ST, —1.Pj L E2 OR 33NOld r+ qn r+ IV IS IT Y 7p, Attachment I: Map — State Route 99 Corridor Economic Opportunity Area • -".�V Afch H spl°6• y'� - - - Westchester �Sy y 5 w tj � Sr 2611. SI `y 3 y41h St N F .rfiv R,.r cu o I ]2nd St - N oei_ j 201h St < asC%Call,E C Cross valley Yulals Palk +._ w, v I I 181h St el Ka 17th SI ReI resn .fern ii<'lr Vntorans Momorlal- ru%tYn-I'- S El r 8 .ad a \ 161h SI I 16tii SI lath 5t g. troo H,gn _ 99 Park Way --- Blanche: �1 R m , ' ' ' .. i o Lmud m ut 1 fl k 1 _ N 11 f S E w Sunset Ave Orango; Uf 1 s Vaµs All t _ San Emldlo St Maplo At El— Gk� Clemartlnry I Che sler Ln _Forroat: O ) i 9- i Cherry C LJ.ca - • � carnsay I I - l _ ,_ � I _ _- D—ena Si ' • L tl a i i lin W I a ty a' palm s1 _ Oleander/Sunset Palm Sl I , I! 4Ih St GI Buena Villa ,I St — — - - 71d St I Bank St —I •_ an Bank St' Bank St a — '2nd SI 2nd Si m Vardc St Verde St _ Vcrtla SI I r I 1 t 6 I 1.1 Sl _ IE ---- Jam' I _ _ —` — t Stockdala Hwy 2 as Stai:-Hl 1 ay SA` ,. t —71 Elcla Dr•- Mpraa ey IJre.pCGmEoxwmkwaamewamvTe Qly uryv1.v`a TarraWdY_ I1 gwenwW�.Oaytemr—en,1rawaaa7yal to Ain t01 a-°�ry wPa+a�IlY ariadmmeM+ra earvr�maa mvanea ax9a I7 _._ _ TCrfd C Fis N 1� I � u^ C1 P 23 r o �c3��1C,tSJF� Attachment J: Map — Qualified Census Tracts DE W,UR ST - t 1 MCP PANORAMA o ' ROBERTS LN Ay F Jlj, I r f UNIVERSITY AVE L - 4.-0 r) ; 1 U W N �. 6. COLUMAUBURN ST BUS ST ._w._ L0E tie 6 - �14 02 02 i tieHO C -34TH ST L I = . O� Q ,�^'� .—NA S-- _ f O R i6 03 J ) f J , �s>g1401 h { • F t .v~i� NION TfRCY COLLEGEAVE� 24TH ST ,23RD ST . Ot "� h `W� . �. 1 ' ( i - 13.0.2�i m�1-301 1 j r/ l 110,00 : m�z mt`SUNT } ! I _-,NILES: { - i 1 i I ! I ¢L 9202�Y I.. 4 'TRUXTo- UNAVE p_I . CALIFORNIAAVE / _Z _ I i " PIONEER OR " i m '.Q I t I1 � I , -iO NAVE I PALM ST 4TH 0 VRGNt MILLS 20 02"'20 01— S 21.00 a 2201 o a BRUNDAGE LN wt '23 O2 3� 23.05 ZEP-YR H� j �I I �26:00 25. I` -IMINGAVE CASALOMADR II - —-;REDBANKRO I t , 30 02� j Np of25 02 �> )IL•SON RD . ,I -`-- WAT S DR" - - WILSON RD ` PLANZRD'--: 1, - - PL'ANZ-RD - - _ "'"-MULLERRD I Z 24.03 > < ARPA Qualified wHiTE'Lnf i y_ Census Tracts I --� o° 4.00 14.01 22.02 I 1 z�' 6.01 14.02 23.02 O k 23.05 I PACHECO RD O - - - ' 6 02 15 00 O 6.03 16.00 24.03 12.01 20.01 25.01 12.02 20:02 25.02 i N } 0 -FAIRVIEW Ro y — Y - 1 13.01 21.00 26.00 j13.02 22.01 30.02 , N `PANAMA LN' i A z ' N�- _ i �Acc Mteuo ce�Meas.nEem.fA [mmmbc-Cw�vonoe.M �.emmpo�uov:osr uoFG�kallr ur,m•m.`.. 75 1.50 0. ���•� Mt109 V Y � 24 1NF.L Exhibit B 004048t,SS71 001,08 34TH ST 41 % W 0 i5 7-- 24TH ST T "23RD ST F —7 A7 T: T -E: ELL Fj Ll L11:j: -77 'j T -T'—, C NT F-L 7Zj, Tj -�4 rT < fir TRUXTUqA�iE� J D bwniown L--j 1-1 4 - Bakersfield L J f T1— ll T J-n 4' CACIM FORNAVE Ll —I rr a.�M rare �PW — n:y W-1— T.= �.DV24 ry al tltia map. This PALM ST MST 4TH ST 403 Proposed Downtown Bakersfield BAKERSFIELD Economic Opportunity Area ECONOMIC & COMMUNITY DEVELOPMENT N 'p, BERNARD ST NILES ST Downtown Parcel Downtown Bakersfield Area r--1 Existing Economic Opportunity Ar6Z3 K City Limits 4 0 >- N A 1 1,500 3,000 Feet