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Home My WebLink About07/15/1996 BAKERSFIELD Patricia J. DeMond, Chair Irma Carson Kevin McDermott Staff: Dolores Teubner AGENDA BUDGET AND FINANCE COMMITTEE Monday, July 15, 1996 12:15 p.m. City Manager's Conference Room Second Floor - City Hall, Suite 201 1501 Truxtun Avenue Bakersfield, CA 1. ROLL CALL 2. APPROVAL OF JUNE 17, 1996, MINUTES 3. PRESENTATIONS 4. PUBLIC STATEMENTS 5. DEFERRED BUSINESS A. ESTABLISHMENT OF CITY AS ENVIRONMENTAL HEALTH AGENCY - J. Hardisty B. ECONOMIC ASSISTANCE EVALUATION PROCESS - J. Wager 6. NEW BUSINESS 7. ADJOURNMENT DBT:rg FILE COPY PROJECT EVALUATION · Project description 1. Does the business currently operate within the city limits? [] Yes •No 2. Where is the project being proposed? nDowntown []NE c~ NW []SE []SW 3. Is the project within the Incentive Area? [] Yes t~No 4. Is Team Bakersfield assistance being requested? [] Yes nNo 5. Assistance requested includes (check all that apply) . . . []Cash assistance uLoan uEquipment purchase []Off-site improvements r~Deferred payment schedule uOther 6. Size of project (square footage, acreage) 7. Does the business already occupy the project site? [] Yes []No 8. Will the business olease or [] purchase the site? 9. Anticipated decision date: 10. Anticipated / desired commencement of operations: Yr 1 Yr 2 Yr 3 Yr 4 11. Full time jobs to be retained in .................. 12. Full time equivalent jobs to be retained in ........... 13. Full time jobs to be created in .................. 14. Full time equivalent jobs to be created in ........... 15. Full time jobs to be transferred in ................ 16. Full time equivalent jobs to be transferred in ......... 17. Total jobs ............................... 18. Will jobs be targeted to certain groups defined by income, residency, or some other criteria? t~ Yes []No If yes, by what criteria? 19. Will the business agree to a first-source hire requirement? [] Yes []No 20. What % of jobs being created will provide benefits? % 21. What % of jobs being retained will provide benefits? % 22. What % of jobs being transferred in will provide benefits? % 23. What is the pay range of jobs being created? $ to $ Average: $ 24. What is pa.,,' range of jobs being retained? S to $ Average: $ 25. What is the pay range of jobs being transferred in? $ to $ Average: $ 26. Proposed assistance will directly impact our area's existing businesses (choose one) ca negatively tnpositively 27. Does the business have competitors in the local economy? ~ Yes ~No Effects on the community 28. Will the business.add diversity to our COmlnunity"s economic base'? [] Yes =No 29. Will the business play a pivotal role in strengthening existing clusters or forming a new cluster in our area'? [] Yes r~No 30. Will the business produce a product for export outside our area'? [] Yes r~No ,j PROJECT EVALUATION Return on the community's inve. stment 31. Annual revenue from property tax generated, if any 32. Annual revenue from sales tax generated, if any 33. Annual revenue from business license generated, if any 34. What are the performance measures for the company t° achieve? 35. Source(s) of proposed assistance requested: CDBG $ General Fund Redevelopment tax increment Other: Other: Total assistance proposed: $ Total private financing:' Total project valuation: $ 36. Is assistance proposed to be provided (check one) nat one-time / lump sum? []over multiple years? (# of years ) 37. Is the proposed assistance an investment in our community's future (examples: customized job training, infrastructure, etc.) that provides community-wide benefits even if the company moves or shuts down? [] Yes []No Protecting the community's investment 38. Which of the following will be used to protect the city's investment should the business not meet the performance measures listed above? (check all that apply) []Collateral (deed of trust, UCC filing) []Recision (cancellation of the agreement) t~Clawback (recovery of all or part of the subsidy costs) []Penalty (fines or charges for non-performance or relocation) []Recalibration (adjustments to subsidy to reflect changing business conditions) []Other []Other Other considerations 39. Does the business receive any other type of government assistance'? [] Yes []No If yes. indicate source and amount 40. How important is this incentive in the business' decision to locate in Bakersfield? BAKERSFIELD //~~~ Patricia J. DeMond, Chair ~ it~el i~~~B ~ DA~;:TN~;DS ~1~ ~~~~ Irma Carson Kevin McDermott REPORT COMMITTEE Monday, June 17, 1996 12:15 p.m. City Manager's Conference Room 1. ROLL CALL Call to Order at 12:25 p.m. Present: Councilmembers Patricia J. DeMond, Chair; Irma Carson and Kevin McDermott 2. APPROVAL OF THE MAY 13, 1996 MINUTES Approved as submitted. 3. PRESENTATIONS None 4. PUBLIC STATEMENTS None 5. DEFERRED BUSINESS A. ESTABLISHMENT OF CITY LEA The Fire Department distributed a memo which indicated that the City could realize up to $15,000 in cost savings and $17,000 in revenue if we established our own BUDGET AND FINANCE COMMITTEE Monday, June 17, 1996 Page -2- LEA. The memo also gave an estimate of program costs which includes $63,750 in annual costs and $23,825 in one-time costs. The Committee again stated the importance of identifying all costs of the program and of quantifying the savings from eliminating County delays. As a result of an Intergovernmental Relations Committee meeting, the City and County will be forming a Task Force to discuss LEA issues. The Committee advised staff to bring back a report from the Task Force as soon as possible. B. ECONOMIC ASSISTANCE EVALUATION PROCESS Staff distributed a proposed evaluation procedure to objectively determine whether or not a business was eligible for City assistance. The procedure will categorize and prioritize the vadous components of the project to determine if it qualifies. Staff will incorporate the Committee's comments and changes into the form and return the final version to the next Committee meeting for approval. 6. NEW BUSINESS A. WASTEWATER FEES Staff outlined the proposed fee increases and explained that the fee increases were needed to cover the full cost of handling septage discharge and to ensure that non- city residents that are connected to City sewer pay their fair share of the costs for upgrading the treatment plants. The Committee wanted staff to emphasize that this is a fee for service and not a general tax. The Committee recommended the fee increases be approved by Council. B. ADDITIONAL CDBG AND HOME FUNDING Due to higher than anticipated revenues from HUD, the City has an additional $216,300 in CDBG funds and $87,000 in HOME funds to allocate. Staff provided a list of possible eligible projects to the Committee for review. The Committee indicated that they would like to resolve the vagrancy problems associated with the empty pool at Central Park, but they were not ready to support a roller blade facility. A representative of Clinica Sierra Vista presented information on the proposed expansion of their Lake Street facility. AGENDA SUMMARY REPORT BUDGET AND FINANCE COMMITTEE Monday, June 17, 1996 Page -3- The following recommendations for appropriating the additional CDBG funds were made: $110,000 for Phase IV of the Lake Street reconstruction project, $34,000 for demolition of the Central Park pool and buildings and $72,300 to begin the Clinica Sierra Vista project. Only two projects were proposed for the HOME funds which included equal amounts to the First Time Homebuyer Program and Single Family Rehabilitation Program. Staff was directed to incorporate these changes into the final proposed budget for Council's review and approval at the June 26, 1996 Council meeting. Amendments to the CDBG plan will go before Council at its August 7, 1996 meeting. - 7. ADJOURNMENT The meeting was adjourned at 1:55 p.m. cc: Honorable Mayor and City Council PROJECT EVALUATION Project description 1. Does the business currently operate within the city limits? [] Yes nNo 2. Where is the project being proposed? []Downtown ~NE [] NW []SE [SW 3. Is the project within the Incentive Area? ~ Yes ~No 4. Is Team Bakersfield assistance being requested? [] Yes nNo 5. Assistance requested includes (check all that apply)... []Cash assistance []Loan []Equipment purchase []Off-site improvements []Deferred payment schedule nOther 6. Size of project (square footage, acreage) 7. Does the business already occupy the project site? [] Yes []No 8. Will the business ~lease or [] purchase thesite? 9. Anticipated decision date: 10. Anticipated / desired commencement of operations: Yr 2 Yr 3 Yr 4 11. Full time jobs to be retained in .................. 12. Full time equivalent jobs to be retained in ........... 13. Full time jobs to be created in .................. 14. Full time equivalent jobs to be created in ........... 15. Full time jobs to be transferred in ................ 16. Full time equivalent jobs to be transferred in ......... 17. Total jobs ............................... 18. Will jobs be targeted to certain groups defined by income, residency, or some other criteria? [] Yes [No If yes, by what criteria? 19. Will the business agree to a first-source hire requirement? [] Yes r~No 20. What % of jobs being created will provide benefits? % 21. What % of jobs being retained will provide benefits? % 22. What % of jobs being transferred in will provide benefits? % 23. What is the pay range of jobs being created? $ to: $ Average: $ 24. What is pay range of jobs being retained? S to $ Average: $ 25. What is the pay range of jobs being transferred in'? $ to $ Average: $ 26. Proposed assistance will directly impact our area's existing businesses (choose one) []negatively []positively 27. Does the business have competitors in the local economy? [ Yes uNo _ .~ Effect._s on th_e.co~m_mun_ity 28. Will the business add diversity to our conmlunity's economic base'? [] Yes uNo 29. Will the business play a pivotal role in strengthening existing clusters or forming a new cluster in our area'? [] Yes []No 30. Will the business produce a product for export outside our area? [] '['es c~No PROJECT EVALUATION Return on the community's investment 3 l. Annual revenue from property tax generated, if any 32. Annual revenue from sales tax generatec~, if any 33. Annual revenue from business license generated, if.any 34. What are the performance measures for the company to achieve? 35. Source(s) of proposed assistance requested: CDBG $ General Fund Redevelopment tax increment Other: Other: Total assistance proposed: $ Total private f'mancing:' Total project valuation: $ 36. Is assistance proposed to be provided (check one) Pat one-time / lump sum? t~over multiple years? (# of years ) 37. Is the proposed assistance an investment in our community's future (examples: customized job training, infrastructure, etc.)that provides community-wide benefits even if the company moves or shuts down? n Yes DNo Protecting the community's investment 38. Which of the following will be used to protect the city's investment should the business not meet the performance measures listed above? (check all that apply) ~Collateral (deed of trust, UCC filing) nRecision (cancellation of the agreement) DClawback (recovery of all or part of the subsidy costs) r~Penalty (frees or charges for non-performance or relocation) nRecalibration (adjustments to subsidy to reflect changing business conditions) r~Other POther Other considerations 39. Does the business receive any other type of government assistance? ~ Yes []No If yes, indicate source and amount 40. How important is this incentive in the business' decision to locate in Bakersfield'? ,,t..:..r:d'l .. 7,' D96