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LRAC PKT 03-25-2014Federal Way CDBG LRAC Policy Retreat Agenda March 25, 2014 Location: City Council Chambers — lunch provided 11:00 am Purpose /Desired Outcomes for the LRAC Retreat Graham Evans a. Short Term: Top 3 ideas for successfully achieving more CDBG deal flow for the 2014 program year b. Longer Term: Top 3 ideas for use of CDBG funds to create and retain jobs (Policy discussion for 2015 -2016 biennium) c. Clarifying questions 11:10 am Review: where we've been - efforts /outcomes to date Jay Bennett a. Basic CDBG recap b. Historical & PY2014 —funding& targeted efforts c. Projects in the pipeline d. Clarifying questions 11:25 am The Big (City) Picture Patrick Doherty a. City of Federal Way ED Initiatives b. Section 108 c. PACC d. Clarifying questions 11:45 am Partners —Trends/initiatives ( ?) a. Highline Community College Rich Shockley b. WS Microenterprise Association & Velocity /Medtech Teresa Delicino c. Clarifying questions Graham Evans 12:15 pm LRAC Committee Member Discussion (recorded by staff) a. Each member allotted 7 minutes to provide thoughts on Members short term adjustments /efforts for 2014, and longer term initiatives /direction for CDBG ED programs b. Clarifying questions to /response from members 1: 15 pm Staff summarizes LRAC recommendations Dee Dee Catalano 1:30 pm Next Steps & Adjourn: Graham Evans • Staff drafts LRAC policy changes — submits to LRAC review • LRAC Committee prepares communication to Mayor and the City Council Universal Cartridge Application Timeline December 20, 2012: Application submitted to City; preliminary staff review follows. January 16, 2013: LRAC meeting; Review Team #1 (Bartlett & Dunn) present their findings. LRAC votes not to forward application underwriting. Staff will send letter outlining how application could be resubmitted. February 11, 2013: LRAC special meeting; Review Team #1 reviews the resubmitted application with revised business plan and letters of interest. LRAC asks Charles Gathu to submit answers in writing to the Committee's concerns before the April 18 regular meeting. April 18, 2013: LRAC meeting; Committee voted to forward the application to underwriting with the conditions that Charles Gathu investigate the option of key man life insurance and that a more detailed competitive analysis be submitted before it goes to underwriting. July 22, 2013: LRAC meeting; Review Team #1 reviewed the underwriting report. The Committee voted to recommend to the City Council that the loan be granted with certain conditions (credit report be cleared and quarterly business reports be submitted to the City). July 23, 2013: FEDRAC Committee votes to forward the Universal Cartridge application as recommended by LRAC to the full Council for approval. August 6, 2013: City Council approves the Universal Cartridge loan. 2014 CDBG Entitlement: Add'I $$ to Estimated Amount Final Amount Difference I each activity Public Services $91,500 $97,358 $5,8581 $1,171 Contingency Plan: In the event the City receives more CDBG funding than budgeted for, the City shall allocate those additional funds in the following manner: Planning/Administration: The City shall apply the additional CDBG funds (up to the maximum of 20% of the total entitlement grant) to the staff salary and wages activity. Public Services: The City shall apply the additional CDBG funds (up to the maximum of 15% of the total entitlement grant) evenly to all five Public Service activities. CERF: The City shall apply the additional CDBG funds (up to a maximum of 65% of the total entitlement grant) to the Code Enforcement Program activity. Estimated Amount Add'I Amount Final Amount FW Inclusion $25,472 $1,171 $26,643 HealthPoint Dental $16,007 $1,171 $17,178 MSC YES $11,007 $1,171 $12,17$ MSC Emerg. Assis. $23,007 $1,171 $Z4,11,701 1 IFD PACT $16,0071 $1,171 1T. Total- 11 ` Contingency Plan: In the event the City receives more CDBG funding than budgeted for, the City shall allocate those additional funds in the following manner: Planning/Administration: The City shall apply the additional CDBG funds (up to the maximum of 20% of the total entitlement grant) to the staff salary and wages activity. Public Services: The City shall apply the additional CDBG funds (up to the maximum of 15% of the total entitlement grant) evenly to all five Public Service activities. CERF: The City shall apply the additional CDBG funds (up to a maximum of 65% of the total entitlement grant) to the Code Enforcement Program activity. Estimated Amount Final Amount Difference Staff costs $80,000 : �,g '°� $7,811 NRSA Plan $15,000 z' Fair Housing Education $2,500 CEIP NMTC Prof. Svcs. $24,500 Planning & Admin. $122,000,-; ' $7,811 Contingency Plan: In the event the City receives more CDBG funding than budgeted for, the City shall allocate those additional funds in the following manner: Planning/Administration: The City shall apply the additional CDBG funds (up to the maximum of 20% of the total entitlement grant) to the staff salary and wages activity. Public Services: The City shall apply the additional CDBG funds (up to the maximum of 15% of the total entitlement grant) evenly to all five Public Service activities. CERF: The City shall apply the additional CDBG funds (up to a maximum of 65% of the total entitlement grant) to the Code Enforcement Program activity. Estimated Amount Final Amount Difference Code Compliance $50,000 $80,000 a; *` $25,385 Small Bus. Loan Micro Loan $80,000 CEIP $105,000 ., Emerg. Hs g. Repair $250,000 HCC SBDC /SZ $102,345 Parkview Svcs. $30,000 Small Bus. Retention $214,000 Habitat Westway $15,000 CERF Total (2014 $$ only) $396,500 $25,385 Contingency Plan: In the event the City receives more CDBG funding than budgeted for, the City shall allocate those additional funds in the following manner: Planning/Administration: The City shall apply the additional CDBG funds (up to the maximum of 20% of the total entitlement grant) to the staff salary and wages activity. Public Services: The City shall apply the additional CDBG funds (up to the maximum of 15% of the total entitlement grant) evenly to all five Public Service activities. CERF: The City shall apply the additional CDBG funds (up to a maximum of 65% of the total entitlement grant) to the Code Enforcement Program activity.