HomeMy WebLinkAboutCity Council Committees - Economic Development Corporation - 01/03/1985 (3) CITY OF KENT
ECONOMIC DEVELOPMENT CORPORATION
JANUARY 3, 1985
The regular meeting of the Kent Economic Development Corporation was called to
order at 7:30 a.m. by Chairman of the Board, Tim Leahy.
Present: BOARD MEMBERS: Councilman Tim Leahy, Chairman
Councilman Tom Bailey
Leo Powers
Mike Miller
OFFICERS: City Attorney P. Stephen DiJulio, General Counsel
Finance Director Tony McCarthy, Treasurer
City Clerk Marie Jensen, Secretary
CITY OFFICIALS: City Administrator Dick Cushing
MINUTES
Powers moved to approve the minutes of the following meetings: December 6,
1984, December 14, 1984, and December 21 , 1984. Miller seconded. The motion
• carried.
LANDRY APPLICATION
Gary Scott of Portal West Corporation introduced the applicants, Raymond and
Zoanne Landry. He noted that this project would be for new construction of a
freight consolidation operation located at S. 216th and the E. Valley Highway,
would contain 18,000 square feet of warehouse, and about 4,300 square feet of
office space. Scott noted that the project would bring about 23 employees to
Kent and pointed out that the firm had added two new employees in each of the
past seven years. Scott also noted that all freight comes by truck and that
local truckers would be used. The project is for $1.6 million and the entire
building will be used by the applicants.
DiJulio noted that a letter had been received from Rainier National Bank
relating to the financing for the proposed project. He then introduced
Resolution 1985-15, the inducement resolution for the Landry application, and
described the next steps in the process for the applicants. Miller moved to
• adopt Resolution 1985-15. Powers seconded and the motion carried.
PLEMMONS APPLICATION
Jim Plemmons described his proposed project to be located on five acres south
of Pay N Pak, across from the new jail facilities on S. Central Avenue. He
noted that both of his existing complexes were filled to capacity and that the
proposed new project would house 75 to 100 "incubator" businesses bringing new
jobs to Kent. The proposed project would consist of bays of 800 to 1600
square foot sizes and would lease for $350 to $400 per month. He noted that
the bays would be used for manufacturing or research and that there would be
no offices in the complex. Each bay would have its own reception area or a
small office area. He noted that small bays such as he proposed were needed
for smaller businesses which might now be operating in a garage. He pointed
out that the smallest bays offered in complexes such as Benaroya's were 12,000
square feet. He pointed out that the site was already prepared for the
project.
Miller moved to adopt Resolution 1985-16, the inducement resolution for the
Plemmons application. Powers seconded. Motion carried.
ALASKAN FREIGHT AND CONSOLIDATORS OF WASHINGTON, INC.
DiJulio noted that Alaskan Freight and Consolidators had asked that the
Corporation meet next week to consider its application for $1 .2 million. It
was determined that the Board would meet on Thursday, January 10, 1985. at
7:30 a.m. DiJulio noted that he would cancel the meeting if the application
was not filed in time.
STATE CEILING LEGISLATION
DiJulio noted that a letter had been received from Hugh Spitzer of Roberts,
Shefelman relating to the State Ceiling Legislation and containing a summary
of this proposed bill . It was determined that it would be advantageous to
have someone from the firm attend a meeting of this corporation to comment
further.
FUTURE AGENDA ITEMS
DiJulio noted that he would address the issue of using more than one firm as
40 bond counsel at a future meeting.
He also noted that the King County Economic Development Council had replaced
the Puget Sound Economic Development Council and that since the cities are
providing funds for the new Council , this might also be discussed.
Cushing distributed copies of an article from the Daily Journal of Commerce
noting the relocation of a firm from Kent to Bothell , "to a more prestigious
location than the warehouse it has occupied for the past several years".
Cushing noted that this was also pointed out by Uplands Industries as a hurdle
to overcome in trying to attract high tech industries. It was determined that
the firm in question had been located at 4th Ave. and S. 228th.
The meeting was adjourned at 8:00 a.m.
NEXT MEETING: THURSDAY, JANUARY 10, at 7:30 a.m.
Marie Jensen
City Clerk
'Secretary of the Board
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