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HomeMy WebLinkAbout2008 CC RESO 2008-39 CDCRESOLUTION NO. 2008 — 39 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY (CDC) AUTHORIZING THE CHAIRMAN TO EXECUTE AN AGREEMENT WITH BUXTON COMMUNITY ID IN THE AMOUNT OF $50,000, TO PROVIDE RETAIL MATCHING AND MARKETING SERVICES FOR THE CITY'S RETAIL ATTRACTION AND RETENTION PROGRAM, AND A MEMORANDUM OF UNDERSTANDING WITH MARINA GATEWAY DEVELOPMENT COMPANY (MGDC) TO PAY THE NOT TO EXCEED AMOUNT OF $25,000 OF THE COST OF THE AGREEMENT, AND PROVIDING FOR THE EXTENSION OF THE CDC'S EXCLUSIVE NEGOTIATING AGREEMENT WITH MGDC WHEREAS, on May 1, 2007, City Council adopted the City's 5-Year Strategic Plan and Action Plan 9a of the Strategic Plan, which includes a plan to "Develop [a] Business Attraction and Retention Program;" and WHEREAS, the City's business attraction and retention efforts include attracting three quality restaurants to the Marina Gateway area to create new sales tax revenue for the City; and WHEREAS, the City and Marina Gateway Development Company are working together to attract three restaurants to the Marina Gateway area, and entered into an Exclusive Negotiating Agreement which expires on June 19, 2008; and WHEREAS, the City currently lacks a comprehensive marketing strategy to attract revenue -generating retailers to the City; and WHEREAS, the Community Development Commission of National City desires to obtain the services of Buxton Community ID to provide a comprehensive marketing strategy for the City's business attraction program, focusing on the Marina Gateway site; and WHEREAS, Marina Gateway Development Company has agreed to pay $25,000 to the City toward the cost of the $50,000 agreement with Buxton Community ID to 1) define the selected site's retail trade area (using drive -time analysis), 2) analyze the selected site's retail potential and site determination criteria (including psychographic analysis of households), 3) identify retail matches for the selected site, 4) publish the retail marketing packages for each targeted retailer, and 5) assist with setting appointments between targeted retail matches and the City; and WHEREAS, based on Hinderliter, Dellamas and Associates (HDL) projections, the three proposed restaurants at Marina Gateway may generate an estimated $72,000 to $117,000 in new annual sales tax to the City; and NOW, THEREFORE, BE IT RESOLVED that the Community Development Commission of the City of National City (CDC) hereby authorizes the Chairman to execute an agreement with Buxton Community ID in the amount of $50,000 to provide retail matching and marketing services for the City's business attraction and retention program, focusing on the Marina Gateway site. Resolution No. 2008 — 39 February 19, 2008 Page 2 BE IT FURTHER RESOLVED that the Chairman is hereby authorized to execute a Memorandum of Understanding with Marina Gateway Development Company (MGDC) providing that MGDC shall pay the CDC the not to exceed amount of $25,000 (50%) of the cost of the Agreement with Buxton Community ID, and further providing for the extension of the First Negotiation Period and the Exclusive Negotiation Period under the Exclusive Negotiating Agreement between the CDC and MGDC. PASSED and ADOPTED this 19th day of Feb008. Ron Morrison, Chairman APPROVED AS TO FORM: George H. Eiser, III Legal Counsel Passed and adopted by the Community Development Commission of the City of National City, Califomia, on February 19, 2008, by the following vote, to -wit: Ayes: Commissioners Morrison, Natividad, Parra, Ungab. Nays: None. Absent: Commissioner Zarate. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman, Community Development Commission Secretary/CQinrt7i'nity Development Commission By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2008-39 of the Community Development Commission of the City of National City, Califomia, passed and adopted on February 19, 2008. Secretary, Community Development Commission By: Deputy