BUDGET, FINANCE AND ECONOMIC DEVELOPMENT
POST-MEETING AGENDA
REGULAR MEETING
June 24, 2024, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members
Andrae Gonzales
Eric Arias
Ken Weir
1. ROLL CALL
2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
b. Non-Agenda Item Public Statements
3. STAFF REPORT
4. ADOPTION OF MINUTES
a. Adoption of the March 25, 2024 and April 22, 2024 regular meeting minutes Staff recommends adoption of minutes.
5. NEW BUSINESS
a. Presentation of the Economic Development Strategic Plan Staff recommends that the Committee receive and file the presentation *1. PowerPoint Presentation
6. COMMITTEE COMMENTS
7. ADJOURNMENT
ADMINISTRATIVE REPORT
MEETING DATE: June 4, 2024 AGENDA CATEGORY: Minutes
TO: Budget, Finance and Economic Development Committee
FROM: Julie Drimakis, City Clerk
DATE: June 24, 2024
SUBJECT: Adoption of the March 25, 2024 and April 22, 2024 regular meeting minutes
[Document Description]
RECOMMENDATION:
Staff recommends adoption of minutes.
BACKGROUND:
FISCAL IMPACT:
COUNCIL GOAL:
Choose an item.
ATTACHMENTS:
March 25, 2024 Minutes
April 22, 2024 Minutes
1 BUDGET, FINANCE AND ECONOMIC DEVELOPMENT
MINUTES
REGULAR MEETING
March 25, 2024, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members Present: Andrae Gonzales
Eric Arias
Members Absent: Ken Weir
City Staff Present: Randy McKeegan, Finance Director
Josh Rudnick, Deputy City Attorney II
Jenni Byers, Acting Economic Development Director
Mario Orosco, Budget Officer
Joe Conroy, Public Information Officer
Sara Ortega, Deputy City Clerk
Michelle Cruz, Management Assistant
Gary Hallen, Assistant City Manager
Juan Heredia, Administrative Analyst III
_____________________________________________________________________
1. ROLL CALL
2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
Michael Turnipseed gave comments regarding item 4.a
Roman Matera asked questions regarding item 4.a
Roman Matera gave comments regarding item 4.b
2 b. Non-Agenda Item Public Statements
Roman Matera gave comments on potential Economic Development areas within the City of Bakersfield.
3. ADOPTION OF MINUTES
a. Adoption of the February 26, 2024, regular meeting minutes Moved by: Eric Arias
Staff recommends adoption of minutes
Approved with committee member Weir absent
4. STAFF REPORT
a. 2022 Audit Reports to be referred to the Budget Finance and Economic Development Committee
1. Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022.
2. Agreed Upon Conditions Report for the fiscal year ended June 30, 2022.
3. Auditor Communication with Those Charged with Governance (SAS 114 Letter) for fiscal year ended June 30, 2022.
4. Independent Auditors Report – Compliance with Contractual Requirements relative to the Bakersfield Subregional Wastewater Management Plan for the year ended June 30, 2022.
5. Independent Auditors Report on Appropriations Limit Worksheet (GANN Limit) of the City of Bakersfield for the fiscal year ended June 30, 2022.
6. Independent Auditors Report – Mechanics Bank Arena, Theater, Convention Center, Dignity Health Amphitheatre & Valley Children’s Ice Center for the fiscal year ended June 30, 2022.
7. Agreed Upon Procedures Report (Public Safety and Vital Services) for the fiscal year ended June 30, 2022.
8. Single Audit Report for the fiscal year ended June 30, 2022 Randy McKeegan, Finance director made staff comments and provided a presentation.
Eric Xin, partner at Brown Armstrong made comments.
Moved by: Andrae Gonzales
Staff recommends to accept the annual reports and refer them back to the City Council for final approval.
Approved with committee member Weir absent
3 b. 2023 CalPers Pension and 2022 OPEB Trust Updates
Randy McKeegan, Finance director made staff comments and provided a PowerPoint presentation.
Moved by: Eric Arias
Staff recommends receive and file presentation.
Approved with committee member Weir absent
5. NEW BUSINESS
6. COMMITTEE COMMENTS
Councilmember Arias, are we prepared to make presentation in the upcoming budget meetings talking about the health of each fund.
Randy McKeegan, made comments on the review and projection of all major revenue streams.
Councilmember Arias, made a request to receive more information regarding the general fund and taking a closer look at it for a better understanding of any challenges.
Chair Andrae Gonzales, made a referral regarding the section 108 housing would like to request a plan be developed utilizing section 108 to help with targeted Economic redevelopment projects. He would like to know the process and the timeline to implement a redevelopment plan and fund it through section 108.
7. ADJOURNMENT
Meeting was adjourned at 1:11 p.m.
_________________________
ANDRAE GONZALES, CHAIR
BUDGET, FINANCE AND ECONOMIC DEVELOPMENT COMMITTEE
4 ATTEST:
_________________________
JULIE DRIMAKIS, CITY CLERK
CITY CLERK and Ex Officio Clerk of
the Council of the City of Bakersfield
1 BUDGET, FINANCE AND ECONOMIC DEVELOPMENT
MINUTES
REGULAR MEETING
April 22, 2024, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members Present: Andrae Gonzales
Members Absent: Ken Weir
Eric Arias
City Staff Present: Christian Clegg, City Manager
Josh Rudnick, Deputy City Attorney II
Jenni Byers, Economic Development Director
Mario Orosco, Budget Officer
Anthony Valdez, Assistant to the City Manager
Julie Drimakis, City Clerk
Michelle Cruz, Management Assistant
Gary Hallen, Assistant City Manager
Juan Heredia, Administrative Analyst III
Luda Fishman, Solid Waste Director
Gregg Strakaluse, Public Works Director
Zack Meyer, Assistant Public Works Director
_____________________________________________________________________
1. ROLL CALL
2 2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
b. Non-Agenda Item Public Statements
3. STAFF REPORT
4. ADOPTION OF MINUTES
a. Adoption of the March 25, 2024, regular meeting minutes
No action taken
5. NEW BUSINESS
a. Bakersfield Sports Village Conceptual Commercial Renderings
No Action taken
b. Proposed Gate Fee at the Organics Recycling and Composting Facility for Commercial Debris
No Action taken
6. COMMITTEE COMMENTS
Chair Gonzales, requested an update on the downtown entertainment district and the status of potential developers.
Chair Gonzales made a referral for Economic Development to research opportunities on how Bakersfield can play a role or support the Olympics coming to Los Angeles.
7. ADJOURNMENT
The meeting was adjourned at 12:32 p.m.
3 _________________________
ANDRAE GONZALES, CHAIR
BUDGET, FINANCE AND ECONOMIC DEVELOPMENT COMMITTEE
ATTEST:
_________________________
JULIE DRIMAKIS, CITY CLERK
CITY CLERK and Ex Officio Clerk of
the Council of the City of Bakersfield
ADMINISTRATIVE REPORT
MEETING DATE: June 24, 2024 AGENDA CATEGORY: New Business TO: Budget, Finance and Economic Development Committee
FROM: Jennifer M. Byers, Economic and Community Development Director DATE: June 20, 2024
SUBJECT: Presentation of the Economic Development Strategic Plan
Presentation of the Economic Development Strategic Plan
RECOMMENDATION:
Staff recommends that the Committee receive and file the presentation
BACKGROUND:
On September 15, 2021, the City Council adopted the Bakersfield Economic Development Strategic Plan (EDSP). The EDSP included Action Plan Goals accompanied by Strategies to implement. The Economic and Community Development Department was tasked with the execution of the EDSP. Staff will provide an update of the status of the EDSP.
FISCAL IMPACT:
There is no impact to the General Fund
COUNCIL GOAL:
Economic Opportunity for All
ATTACHMENTS:
Economic Development Strategic Plan Update
Economic opportunity for allBakersfield fosters a diverse, thriving economy that sustains the quality of life desired by our community.Safety and resilienceResidents feel safe and crime rates are low. Bakersfield is a City where homelessness is infrequent and brief, and residents do not experience the impacts of homelessness.Reliable infrastructureThe City provides well-maintained infrastructure that supports quality of life and economic development for the community today and plans for the infrastructure needs of tomorrow.Community character and quality of lifeNeighborhoods are healthy, vibrant and full of opportunity; residents are attracted to Bakersfield's affordability. Community members and visitors enjoy the City's revitalized, modern and walkable Downtown and business districts.Innovative and efficient City governmentThe City of Bakersfield is a professional, effective and customer-oriented organization that brings efficient solutions to the community. Our well-managed finances position the City for a healthy and prosperous future.
City Council Goals – evaluated and updated annually
Economic Development Strategic PlanThe EDSP reflects the most promising opportunities and the most pressingchallenges facing Bakersfield’s economy.There are 10 goals with 17 strategies (77 specific tasks) to accomplishunder three major categories, many that require community andregional collaboration:•Industry TargetingBusiness Development/Job Creation•Umbrella ProgramsCreating an Environment for Economic Progress•Land Use/Placemaking ProgramsPhysical Changes to Accommodate Quality Growth
Major Category 1: Industry Targeting –Business Development/Job Creation
1. Focus City’s business retention/expansion/attraction efforts around high-priority industry clusters
2. Collaborate with regional partners to greatly expand availability of entrepreneurial developmentresources in Bakersfield
3. Expand small business support/assistance resources
4. Evaluate and refine City’s economic development incentives
5. Launch “awareness building” economic development marketing program, consistent with City’s broader (existing) branding initiatives and independent firm-specific outreach
Strategy 1: Industry Targeting – Business Development/Job Creation1. Successful recruitment of California Dairies. •Phase 1 under construction to create 125 jobs.•Phase 2 – 216 jobs•Phase 3 – Total 364 jobs; $5,000,000 investment2. Executed business relocation agreement with BIOS Health, precision medicine3. Development of Rosedale Ranch 1600 acre mega-site designation4. Completed designs of Sports Village (Hospitality/Retail) for marketing the site; next step Surplus Land Act1. ECD staff active part of KITE working group with CDFIs 2. Entrepreneurship Grant Program providing technical assistance with three Advisors and providing grants to new businesses1. Business retention/expansion/attraction efforts2. Entrepreneurial development
Strategy 1: Industry Targeting –Business Development/Job Creation1. Executed 61 grant agreements with businesses through the Economic Opportunity Areas incentive program; plus 24 for Downtown Competitive Round2. Business Security Improvements Grant has assisted 90 businesses to date4. Evaluate and refine City’s economic development incentives 3. Small business support/assistance1. Evaluation of existing Economic Opportunity Areas to streamline2. City has 15 Opportunity Zones; prepare a prospectus to market OZs.3. Establishing post-redevelopment funding through EIFD or CRIA5. Economic development marketing program1. PickBakersfield.us functioning as a landing page for economic developmentprospects with demographics and relevant statistics
Major Category 2: Build implementation capacity through strong partnerships, advocacy, and program monitoring
6. Enhance City’s interface with education/workforce developmentpartners
7. Elevate City’s excellent reputation for business/development friendlinessvia a branded program (e.g., “Bakersfield Works”)
8. Coordinate with regional partners on legislative advocacy, county-level infrastructure planning, and other shared approaches to addressing internal and externalthreats to Bakersfield’s economic progress
9. Systematically pursue external funding sources (e.g., state and federal grants)to support City’s economic development programming
10. Investigate and implement financing mechanisms to support real estate investmentsin underserved/underdeveloped neighborhoods
6. Education/workforce development1. ARPA Workforce Development Assistance Program awards to Ennovation Hub,Locked-in-Mindset and Open Door Network with remaining balance not yetawarded.2. Youth Jobs ProgramCalifornia Jobs First participationFederal and State legislative advocacy and grant writingPart of Regional Group addressing PG&E issuesContinuous applications for grant funding: HUD (CDBG, HOME, & HOPWA), TCC,Affordable Housing Trust matching funds, Brownfields redevelopment.8. Addressing internal and external threats9. External funding sources
Major Category 3: Land Use/Place-making Programs: Physical Changes to Accommodate Quality Growth
11. Launch citywide “quality of place” initiative
12. Position Downtown Bakersfield as a regional center for urban housing, employment and arts/entertainment
13. Launch across-the-board revitalization/reinvestment initiative in Southeast Bakersfield
14. Launch across-the-board revitalization/reinvestment initiative in Old Town Kern
15. Facilitate repurposing of high-vacancy retail commercial centers based on potential market demand for other land uses (including industrial, office, residential and mixed-use)
16. Conduct comprehensive evaluation of City’s zoning and related land use policies (through upcoming General Plan Update process), to ensure capacity for anticipated development demand
17. Align City’s Capital Improvement Plan (CIP) with EDSP based on a comprehensive assessment of infrastructure needsin high-priority development areas
11. “Quality of place” initiative13. Southeast Bakersfield1. Prosperity Neighborhoods2. Department of Energy Community LEAPS program for microgriddevelopment in the region1. Reviewing RFP results for ARPA funded Large Façade ImprovementProgram2. Utilizing blighted property list for strategic acquisition and renovation1. Awarded $22 million for the Transformative Climates Communities (TCC) Program (Southeast Strong)2. Applied for $20 million Environmental Protection Agency Community Change Grant for unfunded projects identified in the TCC effort3. Prosperity Neighborhood MLK/Lakeview Neighborhood area framework and development with partners12. Downtown Bakersfield
15. Repurposing of high-vacancy retail commercial centersProcured retail analytic firm to analyze gap analysis and identify retailopportunities for commercial districtsUnder-development: comprehensive General Plan and zoning codeupdate; Draft Housing Element currently under second review by HCD
1. Visualization RFP closes 6/26/242. Prosperity Neighborhoods: enhance community revitalization efforts andto create transformative change through collective impact.3. Renaissance at Baker 85 residential units and 5,000 square feet ofcommercial space under construction16. Comprehensive evaluation of City’s zoning and related land use policies (through upcoming General Plan Update process)14. Old Town Kern