HomeMy WebLinkAboutCity Council Committees - Committee of the Whole - 08/24/2021 (2)
Approved
Kent City Council - Committee
of the Whole
Committee of the Whole -
Regular Meeting
Minutes
August 24, 2021
Date: August 24, 2021
Time: 4:00 p.m.
Place: Chambers
1. CALL TO ORDER
Council President Troutner called the meeting to order and announced today
is the last Committee of the Whole Meeting before moving back to the
committee structure.
The committees are as follows, including their meeting date and time:
Economic and Community Development Committee will meet the second
Monday of each month at 4 p.m.
Parks and Human Services Committee will meet the first Thursday of each
month at 4 p.m. The first meeting will be held in October.
Operations and Public Safety Committee will meet the first and third Tuesday
of each month at 4 p.m.
Public Works Committee will meet the first and third Monday of each month
at 4 p.m.
2. ROLL CALL
Attendee Name Title Status Arrived
Toni Troutner Council President Present
Bill Boyce Councilmember Present
Brenda Fincher Councilmember Present
Satwinder Kaur Councilmember Present
Marli Larimer Councilmember Present
Zandria Michaud Councilmember Excused
Les Thomas Councilmember Present
3. AGENDA APPROVAL
No changes were made to the agenda.
4. DEPARTMENT PRESENTATIONS
A. Payment of Bills - Authorize
Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
MOTION: I move to authorize the payment of bills received
through 8/15/21 and paid on 8/15/21 and authorize the
checks issued for payroll 8/1/21-8/15/21 and paid on
8/20/21, all audited by the Committee of the Whole on
8/24/21.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
B. Authorize the Use of accessoShoWare Center Operating Fund
Balance for Capital Repair and Replacement - Authorize
Finance Director, Paula Painter provided an introduction of the use of accesso
ShoWare Center operating fund balance for capital repair and replacement.
Painter advised she previously brought to Council a request to use $300K of
accesso ShoWare Center operating fund balance.
Admission tax for the Thunderbirds and accesso ShoWare Center is held in
the fund that currently has a balance of nearly $3M (includes approximately
$545 CARES funds). There is $2.4M available.
Painter has worked with General Manager for the accesso ShoWare Center,
Tim Higgins on formulating a five-year Capital Plan.
Higgins walked through the entire plan for capital improvement projects
through 2025 that include:
Scoreboard - $184,575
Arc Flash Test - $50,000
Administration Carpet - $52,500
Transformer for show power - $49,350
Chain Motors - $31,500
Ice Deck Covering - $241,500
Concession Stand Rebrand - $183,750
Marquee - $173,250
Basketball Court restoration - $38,850
New building for storage - $131,250
Gate and fence repair - $65,100
Kitchen/Concession equipment - over a 4-year period, expend $551,250
Folding chairs and floor seating - $168,000 - annual investment through
2025.
Television units - $21,000
Stage curtain and blackout curtains - $346,500
Ribbon boards - $210,000
Suite furniture - $46,200 (Half in 2024 and other half in 2025)
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
Heat Exchanger for the ice plant - $399,000
Wi-Fi 2022 - No estimate - working with City IT to expand bandwidth and
expanded access which is required for out new mobile ordering platform.
Boyce suggested considering investing more maintenance funding for the
building.
Troutner expressed support and is excited at the possibility of generating
revenue with the new digital banners.
Larimer spoke in support of the need to maintain the Center.
MOTION: I move to authorize the use of $338,925 of the
accessoShoWare operating fund balance for the repair and
replacement of capital assets, to include the scoreboard, arc
flash test, administration carpet and transformer for fiscal year
2021.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
C. INFO ONLY: FLEXFund ARPA Request
Chief Economic Development Officer, Bill Ellis advised there are FAQs from
the Department of Treasury that he needs to work through before seeking
authorization from the Council regarding ARPA funds.
Ellis introduced Chuck Depew, the Senior Director for the National
Development Council (NDC), a national non-profit that provides economic
and community development assistance to local governments.
DePew advised he started his work on the FlexFund by thinking about how to
get capital to small businesses for recovery and the need to get beyond small
grants and needed to get to sizeable capital that would be meaningful for
businesses.
DePew talked about the public/private efforts and challenges, including the
slow recovery for businesses.
The NDC does small business lending - they are a CDFI. The CDFI did a lot of
PPE lending - mostly to minority businesses.
Current work is to move out of stabilization to recovery:
· PPE Forgivable Grants
· Recovery has less restrictions
· Financing 3-6 months of business revenue
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
· Focused on flexible working capital
· Utilizing outreach through community based networks - mission-based
lenders
· Technical assistance providers
DePew indicated they are trying to be efficient at organizing capital.
The Fund is made up of an online portal managed by CRF and the NDC is the
manager of the fund.
NDC is organizing capital, distributing dollars to CDFI partners that will make
the loans and then the NDC is buying loans from them- providing liquidity to
CDFIs allowing them to relend the dollars.
The focus is on businesses under 50 employees and under $3M in revenue.
Average businesses have revenue under $1M.
CDFIs are community leaders who reach small businesses that the banks
can't reach. They are predominately non-profits that are mission-driven in
terms of lending activities. They are chartered by the US Treasury. 60% of
-income criteria.
· Participating lenders have decade of experience in serving indigenous and
immigrant communities and communities of color across Washington.
Current lenders are:
· NDC
· BusinessImpact NW
· Ascendus
· Evergreen
DePew detailed the loan terms that are tailored to meet the credit needs of
small businesses throughout the recovery. Interest rate, repayment term,
use of proceeds, recourse, fees and loan amount.
DePew detailed the online platform. Small business owners access the
program through a simple, easy portal that matches them with a local
community lender. The platform organizes borrower by location so NDC can
direct funds solely to businesses in jurisdictions and provide robust data
reporting.
Reviewed current statistics:
· $150M of matched requests
· Currently matching 62% to borrowers
· 39 funded requests
· 1,554 matched requests
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
· 67% percent requests matched
DePew reviewed matched application summary - for Kent there are $4.5M in
requests and 42 applications.
DePew reviewed current metrics of applicant diversity: women, non-white,
LGBTQ, MWBE and Veterans.
There has been a series of technical assistance providers specific to help
businesses be successful. Local business assistance organizations are
available to help borrowers get application and credit ready.
Kent is looking at utilizing an existing and scalable business loan fund.
Jurisdictions get involved by providing loans to the fund to support lending in
the City. This is not a revolving program.
DePew advised of the ongoing work to interpret the vague language of ARPA.
Boyce expressed appreciation of program.
Ellis advised of his desire to invest in a community partner network. He is in
communication with the Seattle Chamber and Port of Seattle. Kent will have
the ability to track funds that Kent contributes to ensure the funds are
distributed to Kent businesses.
DePew advised of the communications firm they hired that can provide
materials to Kent.
Kaur is interested in what an applicant's experience is with the application
process so they can share their story with other businesses.
DePew advised if a business does not get the loan, CDFI provides a notice
and a verbal explanation. They will then be directed to a provider that will
meet with the business and CDFI, assign other TA providers.
Ellis advised the next step is to seek authorization from Council. Before doing
so, they need to gain technical insights from the Federal Government before
bringing a request back to the Council.
st
DePew indicated the funds need to be available to make match by April 1.
D. INFO ONLY: Equity Update
Race and Equity Manager, Uriel Varela provided a Race and Equity
community engagement update.
Varela advised the project timeline has been extended to October due to the
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
need to still conduct additional community engagement and research.
Varela talked about the results-based accountability process to ensure the
City is accountable for the outcomes. The process is data-driven and
transparent.
Three types of performance measures:
· How much did we do?
· How well did we do it?
· Is anyone better off because we did this?
Varela walked the council through the performance measure regarding
employee demographics. Once the Racial Equity Lens is created, it will be
used to navigate the strategic plan in addition to the racial equity toolkit and
will lead us to measurements.
Alma Villegas, from AV Consulting has been helping with the Racial Equity
and community engagement consulting.
Villegas stated the consulting team is the conduit for information of what
they are hearing. They are at the beginning of outreach due to barriers to
meet with people and get responses. COVID has impacted their work.
Villegas advised of the feedback she has received through surveys, the
health fair, interviews with community leaders and partners and listening
sessions.
Villegas conveyed concerns she has heard from the community and their
requests for a co-design model.
Villegas advised of the update to the scope of work in response to what
hearing from the community.
Villegas recommended continuing community engagement efforts to bring
the community voice into the Plan so they can work together to find
significant commitments to take to the community so that they will be open
to working with the City, collaboratively, on the co-design process.
Varela provided a response to Boyce's question about the process to develop
the Plan as follows:
· Collect data from residents
· Use data - bring to core team meeting to create racial equity lens
· The lens will give area of focus for strategic plan
· Write strategic plan
· Vet the Plan with the community
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
· Receive comments
· Share with council
Villegas suggested this process be ongoing, with quarterly meetings with a
community accountability body to hold the City to the plan to address
disparities and inequities.
Villegas indicated her team reached out to about 15 local organizations seven
responded, received 60 surveys at health fair and conducted listening
sessions with 10 organizations. She is taking a value-based approach which
will take a significant amount of time.
Boyce advised the Council is interested in this work and understands this will
be an ongoing process. There is an opportunity for the staff to represent the
community. Boyce indicated trust can be gained over time and conveyed the
Council's intent to make this plan happen.
Villegas indicated these issues are not unique to Kent.
Varella advised, as part of the Plan, will they be looking at what an
accountable committee could be composed. Varela advised of the possibility
of changing the work of the Cultural Communities Board. Varela is presenting
the Board with an update after tonight's meeting.
Villegas advised the organizations receiving funding from Kent do not have a
physical presence in Kent, but may bring a program to Kent and then turn
around and fund Kent organizations.
Varela responded to Councilmember Fincher's question about removing the
names of applicants to City positions from the application materials. The
City's Workday program cannot remove the names and identifiable
information from employment applications. IT is working on a solution.
Larimer and Boyce requested a report as to what organizations are receiving
funding that do not have a physical presence in Kent.
E.
Roof of Kent Police Station Authorize
Facilities Manager, Nate Harper provided a recap of the contract with Chet's
Roofing and Construction, Inc to replace the roof of the Kent Police Station.
MOTION: I move to authorize the Mayor to enter into an
& Construction, Inc to replace
the roof of the Kent Police Station, in an amount not to exceed
$189,922.50, subject to final terms and conditions acceptable
to the Parks Director and City Attorney.
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
F. First Addendum to Lease with Half Lion Public House, LLC at
the Riverbend Golf Complex - Authorize
Parks Director, Julie Parascondola presented details on the First Addendum to
the Lease with Half Lion Public House, LLC at the Riverbend Golf Complex.
Restaurants were hardest hit by COVID restrictions. Their profit margins are
narrow and they don't have the ability to grow capital reserves.
Parascondola reviewed the State of Washington COVID restrictions from
March of 2020 through June 30, 2021:
6 months of 0% capacity allowed
7 months of 25% capacity allowed
3 months at 50% capacity allowed
Current lease terms were reviewed. The lease is not a gross profit model, not
tied to profit or loss - more simplified landlord/tenant relationship.
Restrictions impacting success: Connecting capacity percent only to
restaurant success is a flawed theory when considering market viability or
business sustainability. Parascondola reviewed elements to consider when
capacity contributes.
Financial changes in the Amendment include:
Waiver on monthly lease fee until 2 months after full restrictions were lifted
Half Lion will still pay leasehold tax on original lease amount
No CPI inflation adjustment until 2023
Payment of utilities were deferred during the pandemic and also adjusted via
percentage splits to reflect utility audit and primary user of utilities when
100% shutdowns occurred
10 half lion designated parking spots
Excluding monthly lease payment and lease terms.
In Michaud's absence, Troutner conveyed Michaud supports this amendment.
Troutner, Boyce and Larimer spoke in support of the Amendment.
MOTION: I move to authorize the Mayor to execute the first
addendum to the Retail Lease with Half Lion Public House, LLC
at the Riverbend Golf Complex, as presented by staff, subject to
final terms and conditions acceptable to the Parks Director and
City Attorney.
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
G. Supplemental Parks Property Levy Agreement - Authorize
Parks Planning and Development Manager, Terry Jungman presented details
on the Supplemental Parks Property Levy Agreement.
MOTION: I move to authorize the Mayor to sign a supplemental
property tax levy agreement with King County, and receive
funds in the amount of $1,440,000, to help fund improvements
to the Green River Trail, subject to final terms and conditions
acceptable to the City Attorney and Parks Director.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
H. Interagency Agreement with the Washington Traffic Safety
Commission for 2021-2022 Walker/Roller Safety Program
Pacific Highway South - Authorize
Community Education Coordinator, Sara Wood, provided Council with details
on the Interagency Agreement with the Washington Traffic Safety
Commission for the 2021-2022 Walker/Roller Safety Program at Pacific
Highway South.
MOTION: I move to authorize the Mayor to sign the 2021-2022
Pacific Highway South (SR Hwy 99) Walker and Roller Safety
Program grant in the amount of $117,968, amend the budget,
and authorize expenditure of the grant funds, subject to final
grant terms and conditions acceptable to the Police Chief and
City Attorney.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
I. Downey Side Channel Restoration RCO Grant Resolution
Adopt
Environmental Engineer, Melissa Dahl presented the Downey Side Channel
Restoration - Recreation Conservation Office Grant Resolution.
MOTION: I move to adopt Resolution No. 2031 in support of the
-1067 to the Washington
Recreation and Conservation Office to assist with funding for
completion of the Downey Side Channel Restoration Project.
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
J. Amendments to Consultant Services Agreements for IT
Temporary Staff - Authorize
Information Technology Project Management Office Supervisor, Brian
Rambonga provided details on the amendments for IT temporary staff.
MOTION: I move to authorize the Mayor to sign contract
amendments with Protingent Inc., Robert Half International,
Inc., and Viri Technology LLC to increase the available contract
funding for all IT temporary service contracts by an additional
$1,224,500.00 through December 31, 2021, subject to final
contract terms and conditions acceptable to the IT Director and
City Attorney.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
K. Consultant Services Agreement with TEKsystems, Inc. for
Temporary IT Staff - Authorize
Information Technology Project Management Office Manager, Brian
Rambonga provided details on the Consultant Services Agreement with
TEKsystems, Inc for temporary IT staff.
MOTION: I move to authorize the Mayor to sign an agreement
with TEKsystems, Inc. to provide temporary IT staff, subject to
final contract terms and conditions acceptable to the
Information Technology Director and the City Attorney.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
L. First Amendment to Master License and Services Agreement for
Amanda Platform Authorize
Information Technology Director, Mike Carrington provided information on
the First Amendment to the Master License and Services Agreement for the
Amanda Platform.
MOTION: I move to authorize the Mayor to sign a First
Amendment to the Master License and Services Agreement to
authorize the assignment and assumption of the original
agreement by Granicus, LLC, the successor to CSDC, Inc. and
Calytera US, Inc, subject to final terms and conditions
acceptable to the IT Director and City Attorney.
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Kent City Council - Committee of the Whole August 24, 2021
Committee of the Whole - Regular Meeting Kent, Washington
Minutes
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
M. Amanda (KIVA Replacement) Permitting System Deployment
Project Amend Budget and Approve Contract Amendment -
Authorize
Information Technology Director, Mike Carrington provided details on the
Amanda (KIVS Replacement) Permitting System Deployment Project.
MOTION: I move to authorize establishing a new budget for the
Amanda (KIVA Replacement) project at $2,226,483; authorize
the Mayor to sign all contract amendments, change orders, and
other documents necessary to advance the Amanda project
that cumulatively do not exceed the project budget, subject to
final terms and conditions acceptable to City Administration
and the City Attorney; provide that future change orders
beyond the project budget, but within the overall City budget,
be authorized according to their amended contract values and
in accordance with the Kent City Code; authorize the Mayor to
approve subscription or other renewals authorized through
previously approved project contracts, and ratify past actions
consistent with this motion, subject to final terms and
conditions acceptable to the IT Director and City Attorney.
RESULT: RECOMMENDED TO COUNCIL BY CONSENSUS Next: 9/7/2021
7:00 PM
5. ADJOURNMENT
Council President Troutner adjourned the meeting.
Meeting ended at 6:08 p.m.
Kimberley A. Komoto
City Clerk
Page 11 of 11
------
3.5%2.2%
14.1%13.5%16.8%18.7%12.5%18.7%
100.0%
Percentage
2025
$2,946,075
------
65,100
101,850 399,000 494,550 551,250 367,500 551,250
Total
$ 2,946,075
$ 415,575
-
-----
42,000
399,000 157,500
2025
2024
$
$ 598,500 $ 598,500 $ 2,946,075
$2,347,575
$
-
------
65,100
157,500
2024
$
$ 222,600 $ 222,600 $ 2,347,575
$
-
----
2023
65,100
$2,124,975
157,500 346,500
2023
$
$ 800,100 $ 800,100 $ 2,124,975
$ 231,000
-
---
Cumulative Requirements
accesso Showare Center
Capital Repair & Replacement
78,750 65,100
322,350 315,000 204,750
2022
$
$ 985,950 $ 985,950 $ 1,324,875
$
Capital Repair & Replacement Schedule
2022
-
$1,324,875
-----
52,500
101,850
2021
$
$ 338,925 $ 338,925 $ 338,925
$ 184,575
2021
$338,925
5% Contingencies
(Kitchen/Concession eqpt.
e
Gross Project Costs
Project Type
$-
Cumulative Project Costs
(Chairs,BB Court,Ice Deck, furniture)
Adjusted Total Project Costs
$500,000
$3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000
Audio/Visual(Ribbon Board,Scoreboard,TVs) Electrical(arc Flash Test, Transformer)HVAC Mechanical( Heat Exchanger)FFE Food&Beverag General Building(Carpet concessions,Storage)Site (gate
repair)Specialty Item(chain motor,Marquee,Curtain)
17%
White
Business ownership
25%
Women
Population Survey, SIEPR
19 on the small
-
26%
Asian
32%
LatinX
19 on Small Business Owners: Evidence of Early Stage Losses From the April 2020 Current
-
36%
Immigrant
Employed Business Owners
-
41%
Black
April 2020
-
, Robert W. (2020), The Impact of COVID
Fairlie
Reduction in SelfFebruary
Early indicators show devastating effects of COVIDbusiness community, with outsized negative impact on communities of color and immigrants Stanford Institute for Economic Policy Research
of CDFI
48 percent
income,
-
75 percent
are owned or run by
On average, clients are low 52 percent people of color and are owned or run by womenCDFI lending grew in the wakeof the Great Recession while conventional banks massively contracted,
with loan balances declining by as much as16 percent
units
,
120,000
1.5 million
10,000
across the country
net loan loss rate of just
year study of the industry published by the Opportunity Finance Network published in 2015
-
$35 billion
year period were on par with
-
CDFIs are community lenders who reach small businesses that the bankscan’t reach Since its birth, the CDFI industry had invested creating or preserving of housing, supporting businesses
and microenterprisesand supported nearly community service organizationsThe CDFIs’ annual loss rates over this 20FDIC insured institutions with a cumulative 1.5 percent Note: Results
of a 20
Small Business Flex FundCurrent Metrics As of August 23, 2021
Uriel Varela Race & Equity Manager
Race & Equity Strategic Plan Update
Update
Community Engagement
Table of Contents
•
Results Based
Accountability
5
making
-
level Quality of Life
-
driven, transparent decision
-
Population or CommunityResults and indicators How much did we do?How well did we do it? Is anyone better off?
Starts with ends, working backwards to the means Data
2 kinds of Accountability 3 kinds of performance measures
••••
Results Based
Accountability
6
Number of BIPOC applicants % of BIPOC applicants who move forward to an interview% of new hires who identify as BIPOC What are our retention rates? How much did we do?How well did we
do it?Is anyone better off?
•••••••
Result: Our employee demographics will match our resident demographicsIndicators (Internal data) : Measurement:
•••
Race & Equity Core Team
7
Racial Equity Lens
Provide common vocabulary and protocol for evaluating decisions, policies, processes, programs, and practices for racial equity.
9
Plan
Toolkits
Strategic
Racial Equity
REL
10
Thank You
Happy to answer questions
Jul
Jun
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
when considering
etc
)
etc
,
May), plan development
-
Showare
(no sports at Hogan, no events at
day care, unemployment, etc.
–
capacity % only to restaurant success is a flawed theory
Limited operating hoursTable limitsHousehold limits per tableLimiting alcohol consumption# of times a table can be turnedInability to use bar areasForced single use menus or other electronic
menu apps/QR codesForced administrative burdens, like contact tracing/address collection (MarDelay in product or food manufacturing or deliveryConsumer fears and behaviors, including
lag when changing phasesConstantly changing start up and shut down costs / hiring loss and retention Employee impacts Increased cleaning and sanitation protocols and mandatesNo live
entertainment or events gathering in general Loss of customers due to other restrictions Space limitations or original capacity of restaurantIncreased cost for packaging and presenting
food differentlyInability to buy bulk or discounted supplies/food due to decreased capacityCOVID social distancing protections on site, including outdoor tents, outdoor heaters, dividers
High cost of food delivery services to both the restaurant and consumer
RESTRICTIONS IMPACTING SUCCESS
Connecting market viability or business sustainability. While capacity contributes, other elements to consider include:
, but it is not
or 24
these impacts
newly established
23
–
they’ve been gr
–
so it’s a
(which occurred multiple
–
before the pandemic hit
having a restaurant is critical to its
–
until 14 months later
–
start? Current owners could have credit concerns
-
restaurant owners would not be looking to expand
–
no restaurant could operate, not just Half Lion
–
term viability, if able to operate at full capacity
losses are due to the pandemic and resulting state restrictions
-
–
management
-
due to state restrictions
will new restaurants be looking to re
–
PPP (Paycheck Protection Program) and EIDL (Economic Injury Disaster Loan) funding
indoor restaurant capacity did not go over 25% capacity
revenue loss and viability to operate was not gradual, it was an instant and catastrophic drop
no market for restaurants/bars
due to Half Lion negligence or mis
2021 would still be restricted due to the pandemic (maybe even 2022?) Assume 2022 is a bounce back year Either way, the RFP/Lease and restaurant remodel process would take all of 2022+,
with a potential new restaurant in early 20
not
Golf operations were only restricted by the State for a month, no major changes to golf continued success to operate during this pandemic and beyond into long term futureRestaurant times)Half
Lion Public House is the first of its restaurant line affiliated with the Half Lion Brewery and its products brand and space that only had 10 months (opened June 6, 2019) of being open
and earning revenue significant investment occurred just 12 months prior to that in order to join us at Riverbend to open, using much needed capireservesSince March 2020, Currently
Half Lion did apply and received enough. If Half Lion can’t succeed, Riverbend could be out of a restaurant for at least 3+ years.
Right thing to do and have no concerns on Half Lion’s longpartners for Riverbend and the Kent community
ADDITIONAL CONSIDERATIONS
at Riverbend during the
($54,000)
$6,933
, with no payoff penalty
no restaurants would have been able to operate
–
with 8% interest applied
Dec 2020
Aug 2021
-
-
MarJan
has already been adjusted to reflect revenue loss
($30,000) ($24,000)
ProForma
(plus final July and August invoices) in utility payback
$35,355
2021 Financial
-
opening, Half Lion has begun its regular utility payments (backlog payment will start after Council approval)
-
Lease waiver would be retroactive back to March 2020Loss to Riverbend’s 2020 budget = Loss to Riverbend’s 2021 budget = Riverbend’s 2020 Note: loss of revenue would remain regardless,
due to the state’s restrictions pandemic Half Lion owes the City This amendment reflects a pay back schedule of 5 years Note: since re
Waiver on monthly lease fee until 2 months after full restrictions were lifted = Half Lion will still pay 12.84% leasehold tax on original lease amount = No CPI inflation adjustment
until 2023.Payment of utilities were deferred during the pandemic and also adjusted via percentage splits to reflect utility audit and primary user of utilities when 100% shutdowns
occurred
(this $ goes directly to the state and not Riverbend’s golf fund)
PROPOSED LEASE AMENDMENTS Financial Changes
)
sqf
provided the City Council is
Increase in ‘premises” to include square footage space at the Driving Range (85 Increase in ‘premises” to include (10) Half Lion designated parking spotsExcluding monthly lease payment
and lease term, authorizes the Mayor and Parks Director or designee to execute any additional amendments or addendums to the Retail Lease necessary to ensure the continued operation
of the Riverbend Clubhouse, informed of the execution of such amendments or addendums as soon as reasonably possible.
PROPOSED LEASE AMENDMENTS Other Changes
c
0
U