CDN 2017-09-25 Item 2B - Grant Application - 2017-2018 Port of Seattle Economic Development Partnership Grant

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TO: City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM Community Development and Neighborhoods Committee FROM: Brandon J. Miles, Business Relations Manager CC: Mayor Ekberg DATE: September 19, 2017 SUBJECT: 2018 Port of Seattle Economic Development Grant ISSUE Approval of an application to submit for funds from the Port of Seattle, through its Economic Development Grant Program. BACKGROUND The Port of Seattle makes available, through a non-competitive grant program, funding to King County cities and towns' for economic development activities. The exact amount of funds awarded to each town or city is based on a per capita basis. For 2017/2018, the City of Tukwila is eligible to receive $19,540. This is the second year the Port of Seattle has made these funds available. In the first year of the program the City used the funds to develop business recruitment collateral. The total cost, including City contribution, was $21,975 ($16,481.25 from the Port and $5,493.75 from the City). For this year, staff is proposing to use the funds to expand the City outreach to developers, businesses, and investors. Specially, the following are the proposed uses for the grant funds: • Creation and printing of a one sheet page for Tukwila International Blvd (TIB) neighborhood. The design would be consistent with the eight one pagers developed this year. • Development of conceptual renderings and marketing materials for the TIB neighborhood. This would be used to help promote the area to potential developers, non -profits, businesses, and government agencies. • Development of a conceptual video and other marketing materials for the Southcenter neighborhood. Staff is exploring the creation of a 3D experience showing the future Baker Blvd Corridor, which would simulate walking from the new pedestrian bridge to Westfield Southcenter. If a 3D video is cost prohibitive, the staff would create a traditional video and/or color renderings showing what future development might look like. Staff wants to have this done in time for the Southcenter50 activities and events. Depending on final costs, the City may have to scale back some of the proposed uses for the grant funds. The City is required to provide a 50% match, which can include both cash and staff time (at least 25% must be cash). In order to meet the grant requirements, the City would need to provide $4,885 in a cash contribution. Thus, the total expenditure would be $24,425 ($19,540 from the Port and $4,885 from the City). 'The City of Seattle is not eligible to receive funds. 9