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Home My WebLink AboutR5-Economic Development Agency . . . . . ECONOMIC DEVELOPMENT AGENCY~(Q)[?)y! OF THE CITY OF SAN BERNARDINO 0 0 OffICe of Business Development REOUEST FOR COMMISSION\COUNCIL ACTION FROM: TODD HOOKS, Manager Office of Business Development SUBJECT: DYNAMIC BINDERY DATE: July 16, 1997 SvnoDsis of Previous Commission/Council/Committee Action{s): The Redevelopment Committee recommended approval ofthis item at the June 23, 1997 meeting. Recommended Motion{s): OPEN PUBLIC HEARING CLOSE PUBLIC HEARING (Mavor and Common Council) (Community DeveloDment Commission) MOTION A: That the Mayor and Common Council/Community Development Commission approve in concept a $10,000 assistance package and an Employment Linkage Agreement in an amount not to exceed $10,000, to Dynamic Bindery in accordance with the terms and conditions set forth in the staff report; further, that the Agency Administrator be authorized to draft and execute an Owner Participation Agreement with Dynamic Bindery, and all other implementing documentation; finally, that the Agency budget be increased accordingly. (Motions Continued on Next Page) -4 TODD HOOKS, Manager Office of Business Development Administrator Contact Person(s): Todd Hooks Project Area(s): Central City Proiects Supporting Data Attached: StaffReoort FUNDING REQUIREMENTS: Amount: Phone: 5081 W ard( s): Three (3) $20.000 Source: Bond Proceeds. CDBG Budget Authority: Reouested Council Notes: ~5 13- Res 97- ,;<a.;L.. TGH:d1c DYNBNDRY.CDC COMMISSION MEETING AGENDA MEETING DATE,,-, Agenda Item Number: R5 . . . REQUEST FOR COUNCIlJCOMMISSION ACTION DYNAMIC BINDERY July 16, 1997 MOTION B: MOTION C: PaKe Number - 2 - (Mavor and Common Council) RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, MAKING FINDINGS AND DETERMINATIONS AS TO THE BENEFIT TO VARIOUS PROJECT AREAS OF PROVIDING CERTAIN ASSISTANCE (DYNAMIC BINDERY). (Communitv Development Commission) RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, CALIFORNIA, MAKING FINDINGS AND DETERMINATIONS AS TO THE BENEFIT TO VARIOUS PROJECT AREAS OF PROVIDING CERTAIN ASSISTANCE (DYNAMIC BINDERY). ------------------------------------------------------------------------------------------------------------------ TGH:dle DYNBNDRY.CDC COMMISSION MEETING AGENDA MEETING DATE: 07/21/1997 Agenda Item Number: ~ . . . ECONOMIC DEVELOPMENT AGENCY OJTlCe of Business Development STAFF REPORT --------------------------------------------------------------------------------------------------- DYNAMIC BINDERY Dynamic Bindel)', currently located at 170 S. Arrowhead Avenue, has submitted a request for Agency assistance in order to expand their 8,000 square foot operations at the present site. Due to sustained business growth, they need to build a 4,000 square foot storage filcility and reconfigure their office space to gain additional production area and increase efficiency. Dynamic Bindety is a full service bindery to the printing industry. Because of their commitment to production quality and reputation for customer service and on-time delivery, they have developed an established client base. In 1996 sales exceeded $600,000 and 1997 sales are projected at approximately $800,000; moreover, 83% of all sales revenue is currently generated from outside of San Bernardino. Approximately $ 2,243 is generated in utility user tax revenue from the present location. Currently they employ 17 people, Dynamic Bindel)' expects to add 10 new jobs within the first year after their expansion. Dynamic Bindel)' proposes to construct the new 4,000 square foot building with the assistance of the property owner. They are requesting Agency assistance in the amount of$20,000 for the demolition ofthe existing office space and the relocation and construction of new office facilities. The company officers have considered a larger location in Redlands for their operations; however, they would prefer to remain in San Bernardino. Dynamic Bindety meets the Strategic Plan's criteria of a "basic tier" company in that they bring in revenue from outside the City. Also, their planned expansion in San Bernardino will retain 17 jobs and create up to 10 new job~. RECOMMENDATION That the Mayor and Common CounciVCommunity Development Commission approve in concept a $10,000 assistance package and an Employment Linkage Agreement in an amount not to exceed $10,000, to Dynamic Bindery in accordance with the terms and conditions set forth in the staff report; further, that the Agency Administrator be authorized to draft and execute an Owner Participation Agreement with Dynamic Bindery, and all other implementing documentation; finally, that the Agency budget be increased accordingly. DYNAMIC BINDERY 1. Dynamic Bindery to complete improvements to the business located at 170 S. Arrowhead Avenue, to include the relocation and construction of new office space and the construction of a new 4,000 square foot storage building for the purpose of expanding their present San Bernardino operation. 2. Dynamic Bindery to make best efforts to attract and recruit San Bernardino residents for the new positions that are created as a result of the expansion project. ------------------------------------------------------------------------------------------------------------------ TGH:dIe DYNBNDRY.CDC COMMISSION MEETING AGENDA MEETING DATE: 07121/1997 Agenda Item Number: ~ . . . COUNCIL/COMMISSION STAFF REPORT RE: DYNAMIC BINDERY July 7, 1997 Page 2 3. If, at any time before completing five continuous years of operation following execution of the Owner Participation Agreement to implement this action Dynamic Bindery should cease operations within the City, all funds provided through the Economic Development Agency shall be repaid to the Agency. , ECONOMIC DEVELOPMENT AGENCY I. Under an Owner Participation Agreement with Dynamic Bindery, grant $10,000 as a reimbursement for capital improvement costs related to the expansion of the office and manufacturing space at 170 S. Arrowhead Avenue. 2. Enter into an Employment Linkage Program Agreement with Dynamic Bindery through SBET A, based on the estimated ten new jobs created by the business expansion, with the Agency providing reimbursement at the end of the initial 12 month period of $1,000 per new job ($10,000). Based upon the foregoing, staff recommends adoption of the form motion. ~ TODD G. HOOKS, Manager Office of Business Development Ageney Administrator ------------------------------------------------------------------------------------------------------------------ TGH:d1e DYNBNDRV,CDC COMMISSION MEETING AGENDA MEETING DATE: 07121/1997 ~ AgeDdaltem Number: