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FEDRAC PKT 06-08-2004 /) .~ : :1" . -' Ch.{ (' , City of Federal Way City Council FinancelEconomic Development/Regional Affairs Committee June 8, 2004 5:30 p.m. City Hall Mt. St Helens Conference Room AGENDA 1. CALL TO ORDER 2. PUBLIC COMMENT 3. COMMITTEE BUSINESS A. Approval of the May 11,2004, Minutes Action B. Update on City Center Redevelopment Work Plan Information C. Discussion Related to Bob Gibbs' Presentation on June 3, 2004 Information 4. OTHER 5. FUTURE AGENDA ITEMS 6. NEXT MEETING: July 13, 2004 5:30 p.m. 7. ADJOURN Committee Members: Eric Faison, Chair Jeanne Burbidge Jim Ferrell City Starr Patrick Doherty, Deputy Director, CDS Robin Baker, Office Technician /I 253-661-4000 Ext. 0 K:IFEDRAC - Econ Devl2004 - Agendas & SummariesIO6-08-0-l FEDRAC Agenda. doc City of Fcderal Way . ' City Council . ,:: '<.: .;.' . li"inancc/Economic Development/Regional Affairs Coinniitt~e ' May II, 2004 5:00 p.m. City I tall Mt. Baker Conference Room MEETING MINUTES In attendance: Committee Members: Council Members Eric Faison, Chair, Jim Ferrell, and Jeanne Burbidge; Mayor Dean McColgan, Deputy Mayor Linda Kochmar, Council Member Jack Dovey, and Council Member Mike Park; City Manager David Moseley; Assistant City Manager Donna Hanson; Director of Community Development Services Kathy McClung, Deputy Director of Community Development Services Patrick Doherty; Management Services Director Iwen Wang; City Attorney Pat Richardson, Information Services Manager Mehdi Sadri; Office Technician Robin Baker; and Consultant David Doxtater. 1. CALL TO ORDER Chair Faison called the meeting to order at 5:27 pm. 3. PUBLIC COMMENT David Kaplan voiced his concern about the big expenditure for the Korean Sports and Cultural Festival, and for the extreme need for follow through. L T AC Commission Member Scott Brown, came forward in support of the festival saying it had huge potential to become a regional event and not just a Federal Way event. 4. COMMITTEE BUSINESS A. Approval of the April 13, 2004, Minutes - It was m/s/c to adopt the April 13, 2004, minutes as presented. B. Korean Sports and Cultural Festival- Mr. Doherty went over the conceptual framework and proposal for this event, which was in part formulated by the events planning consultant David Doxtater. Mr. Doherty highlighted that this would be a three-day cultural event to begin the spring of2005. An approximate 12-member steering committee would need to be formed to oversee formulation of event "concepts and programmatic elements." The 'Workshop' through the planning consultant would produce the first year event. A local half-time staff person and volunteer committee would participate throughout to learn the planning/production process. This festival would consist of cultural and sports events, along with an extensive trade component. The benefits would include a positive economic impact and an enhanced community profile and image. This could be a "signature event" for the community. Mayor McColgan, had a few concerns. One was that this expenditure could exhaust all the lodging tax funds ($176,000) for one project and leave nothing left and whether there was enough time to put on a successful event. Mr. Ferrell suggested bringing this idea to the Diversity Commission for input, and that this idea needed some in depth and thorough thinking before excluding other possible options for the use of lodging tax revenue. Ms. Burbidge expounded on FEDRAC Minutes May 11,2004 Page I the potential for an outstanding outcome, and although this would be unique for Federal Way, we should explore and make sure we are on track with commitment of long-term staff to be able to pull this off. Mr. Park mentioned that the Korean Community's response for volunteers was very positive and he was in hopes that the half-time employee hired by the City would be bilingual. Mr. Doherty and the consultant, David Doxtater, responded to most of the concerns. Although there are possible liabilities, the outlook is very positive with good response from the Korean Consul General, the Korean community, and the Federal Way Chamber of Commerce. This proposal was m/s/c for the next Council meeting on May 18, 2004. C. Consultant Services regarding the Potential for a Commercial "Lifestyle Center" in Federal Way City Center - Mr. Doherty has identified an opportunity to employ services for a urban retail consultant for the purposes of offering City Council Members, staff and interested members ofthe public a presentation regarding commercial "lifestyle centers" and their feasibility for the Federal Way City Center. The current proposal is to engage the services of a recognized consultant, Mr. Bob Gibbs. Mr. Gibbs is the principal of the Gibbs Planning group, a nationally recognized consultancy firm that offers professional services in town planning, retail analysis, and landscape architecture. He would provide an approximately two-hour presentation on the nuts and bolts of "lifestyle centers." His services for such a presentation would run approximately $2,500 to $3,000. According to Mr. Faison, this service fits in with the strategies for redevelopment of our downtown. He believes Mr. Gibbs has the expertise to give the City a complete study of potential redevelopment. Ms. Burbidge sees it as a positive avenue in investing in our City center, which in turn would increase revenues. This proposal was m/s/c for the next Council meeting on May 18, 2004. D. Review and Comment on the Draft PowerPoint economic Development Messaging Presentation - Mr. Doherty went through his PowerPoint presentation, which was well received. With time of the essence, it was forwarded for comment to the next Fedrac meeting on May 25, 2004. 5. FUTURE MEETINGS The next scheduled meeting is June 8, 2004, 5:30 p.m., in the Mt. St. Helens Conference Room. 6. ADJOURN The meeting adjourned at 6:00 p.m. K:\FEDRAC - Econ Dev\2004 - Agendas & Summaries\May II, 2004, Summary.doc FEDRAC Minutes May 11,2004 Page 2