FEDRAC PKT 05-10-2005
City of Fcderal Way
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AGENDA
1. CALL TO ORDER
2. PUBLIC COMMENT
3. COMMITTEE BUSINESS
A. Approvalofthe April 12, 2005 Minutes
B. Discussion of City Center Redevelopment Funding (Doherty)
C. Bid Acceptance for the Two New Pool Cars (Wang)
Action
Information
Action
4. OTHER
5. FUTURE AGENDA ITEMS
A.
B.
6. NEXT MEETING:
FEORAC - Economic Development: June 14,2005
FEDRAC: May 24, 2005
Committee Members:
Eric Faison, Chair
Jeanne Burbidge
Jim Ferrell
City Staff:
Patrick Doher/y. Economic Development Director
Jordan Wheeler, Management Intern
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MINUTES
Committee Members in Attendance: Chair Eric Faison, Member Jeanne Burbidge, and Member Jim Ferrell.
City Council Members in Attendance: Mayor Dean McColgan, Deputy Mayor Linda Kochmar, and
Councilmember Mike Park.
Staff Members in Attendance: Iwen Wang, Management Services Director; David Moseley, City Manager; Derek
Matheson, Assistant City Manager; Donna Haflson, Director of Parks, Recreation, and Cultural Services; Karen
Kirkpatrick, Deputy City Attorney; Patrick Doherty, Director of Economic Development; Jordan Wheeler,
Management Intern.
Others in Attendance: none.
-1.
CALL TO ORDER
Chair Eric Faison called the meeting to order at 5:35 p.m.
2.
PUBLIC COMMENT
None.
3.
COMMITTEE BUSINESS
a)
Approval of the January 11. 2005 meeting minutes
Motion to approve the March 8, 2005 meeting minutes. Motion seconded and carried.
b)
Federal Justice Assistance Grant Application (for PS WiFi Coverage Expansion)
Presented by Iwen Wang
Ms. Wang reviewed the Federal Justice Grant with the Committee. The City is eligible to receive
$51,269 for a broad range of public safety purposes, The grant would be combined with the COPS
grant fimd to substantially increase the currently planned WiFi coverage. With the grant, police
.. vehicles would be equipped to serve as mobile access points to expand the WiFi coverage. The
grant application is due April 30.
Motion to forward the grant application to full Council for approval. Motion seconded and
carried.
Surplus of Klahanee Lake Community Center
Presented by I wen Wang
Ms. Wang discussed the recommendation of declaring the Klahanee Lake Community Center as
surplus. Two questions were addressed regarding the center; should the city declare the center as
surplus; and when should we declare? Ms. Wang informed the committee that declaring a surplus
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does not mean that the city has to sell the center, but it would allow the city to consider offers. The
current real estate market is excellent for selling, and the City has received a few inquires abput the
building.
The discussion moved to address programming at the Center and if services would be lost with the
sale of the building. Ms- Wang infonned the committee that the programming mayor may not be
affected depending on what the buyer chooses to do with the building, including leasing back.
Relocating the progranuning may have to be considered and ifthe city does not lease back, the
programming would be impacted due to the limited amount of space. Ms. Wang infonned the
committee that the building has an assessed value of $800,000.
Motion to forward staff recommendation to full Council, conduct a public hearing to declare
the Klahanee Lake Community and Senior Center surplus at council meeting, and begin
marketing the building now. Motion seconded and carried.
c)
Leland Studv Update
Presented by Patrick Doherty
Mr. Doherty gave a rundown of the summarized discussions, interviews, and community meetings
dlat the Leland Group conducted, compiled, and submitted to Mr. Doherty in a packet. Copies of
the packet were given to the committee members. Mr. Doherty highlighted some of the
summarized points and offered to rely any committee comments to the Leland Group. Mr.
Doherty informed the committee that the next step for the Leland Group is a study session with the
Council in May, where they will present and discuss their market research findings. Following the
study session will be a public forum in June and the final presentation will occur in July.
A discussion followed regarding the open space planning process, the Downtown Parks Study, and
the Leland Study's involvement with the open space planning process. Mr. Moseley and Mr.
Doherty explained that part of the funds for the Downtown Parks Study was redirected to ensure
that parks and open space planning was included in the Leland Study.
d)
Discussion on Sound Transit West TaD
Presented by Patrick Doherty
Mr. Doherty gave an update on Sound Transit's West Transportation Oriented Development at
their Federal Way Transit Center. The west TOD is planned for ground level retail with interior
parking next to the transit's garage. In comparison, the east TOO is planned for a larger, multi-
story mixed-use building. The committee would like to see the City steadily engaged in the
planning for the potential developments at the Transit Center.
4.
OTHER
None.
5.
FUTURE AGENDA ITEMS
6.
NEXT SCHEDULED MEETING
Tuesday, May 10,2005 at 5:30 p.m. in the Hylebos Conference Room.
7.
ADJOURN
Chair Eric Faison adjourned the meeting at 6:28 pm.
Recorded by Jordan Wheeler
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DATE:
TO:
VIA:
FROM:
SUBJECT:
May 6,2005
Finance, Economic Deve op~~nd Regional Affairs Committee
David Moseley, 'ty ManageV V
Patrick Doh y. 0 ic Development Director
City Center R development Funding
Policy Issue
Should the City Council create a one-time City Center redevelopment fund that can be used to provide
infrastructure contributions for City Center development projects that are consistent with the Council's
vision?
BackQround
Councilmember Eric Faison has asked that the Committee discuss whether to dedicate all or a portion of
the $2.57 million (net of commission and closing costs) Old City Hall sale proceeds to a one-time City
Center redevelopment fund. The fund would be used to provide infrastructure incentives for City Center
development projects that are consistent wîth the Council's vision.
Staff Recommendation
Staff recommends that the Committee discuss the following issues, so staff can prepare guidelines and
any other necessary documents for review at future meetings.
.
Amount of the $2.57 million to dedicate to the fund
A potential dollar limit for each project
Criteria for use of the fund
Decision-making process for use of the fund
.
Ii
.
B- I
Attachment "A"
Possible Criteria for Use of the Fund
As outlined in a memo for the January 2004 City Council Retreat, potential City partnership with private
redevelopment projects should be based on a predetermined and pre-approved set of criteria. The
foremost criterion, of course, is that financial participation by the City is limited to public infrastructure
improvements, public parking garages, or public benefit features, such as public plazas. etc.
Below are the potential criteria presented in January 2004 for further consideration and discussion:
.
The proposed development is comprised of (or contains) mixed-use. multi-story buildings, and/or
offers a "village" or "lifestyle center" site and building design, with street-oriented storefronts,
outdoor eating and dining, outdoor public amenities such as artwork, fountains, plazas and
seating;
The proposed development is located within the City Center and is of sufficient scale and scope to
have a substantial impact on the image and desirability of the City Center and suggests a high
probability of inducing additional, spin-off development;
The proponent can provide a solid track record with similar private development (previous
experience in public-private partnerships desirable);
The project is projected to provide additional jobs at a variety of levels (Iower- and middle-income
jobs). Preference between competing projects could be given to those projects projected to
create a greater number of jobs per amount of requested public participation;
The proponent provides an economic impact analysis. A detailed analysis and estimate of the
project's direct economic impact in increased property, utility, and sales taxes, as well as an
analysis and estimate of indirect economic impacts by multiplier effects throughout the local
economy;
The proponent provides a financial "gap" analysis, including development costs, projected
revenue, disclosure of developer's desired capitalization rate, internal rate of return (based on
other portfolio projects), 'etc., in order to determine the necessary level of public participation.
.
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CITY OF FEDERAL WAY
MEMORANDUM
Date:
To:
Via:
May 5, 2005
F.ïnance, E.'CO. nomic oeve.lopmel~ Regional Aftàits Committee
Oavid I L Moseley, City Manage~ ~ ~ " \
Iwen Wang, Management Services Oirector Y1,..^,)
Bid Acceptance/or the 2 New Police Pool Vehicles
From:
Subject:
BACKGROUND:
Committee has previously approved the acquisition of two additional unmarked police vehicles, Staff
solicited bids for two Ford 500s; the following arc the bids received:
Bidder Bill Pierre Ford Pacific Cost Ford Titus Will Ford
-..---
Unit Price $~Qß40.00 $20, 100.00 $20,593.00
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x2 $41,680.00 $40,200.00 $41,186.00
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Sales Tax 9.1 % 3,792.88 3,658.20 3,747.93
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Grand Total $45,472.~8 $43,858.20 $44,~;n.93
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ST AFF RECOMMENDA nON:
Staff recommends that Council approve and award the bid for two Ford SOOs submitted by Pacific Coast
Ford in the amount of $43,858.20.
COMMITTEE ACTION:
Forward the addition of two police pool vehicles and bid results to full Council at the May 17,2005
meeting for approval.
APPROVAL GY COMMITTEE:
Conunittee Chair
Committee Member
Committee Member
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