1 Council Economic
Development
Committee
June 3, 2024
2 How to Provide Public Comments
The Council Economic Development Committee is accepting public comments prior to the meeting via email or during the meeting via the Zoom link or Zoom dial-in information listed on the published agenda.
If you are making your comments during the meeting please note:
• Click the “Raise Hand” button to request to speak when the Staff Liaison calls for public comments on an eligible agenda item. You will be permitted to speak during your turn and muted after the allotted time (3 minutes).
• When joining by phone, click *9 to raise a hand to speak. Press *6 to unmute. We kindly request speakers to mute or turn down the meeting video when it is their opportunity to speak as it may cause interference with the speaker system.
• Use headphones/mic for better sound quality and less background noise • Decorum: Please be mindful that virtual meetings are public and will be recorded. All meeting rules of procedure and decorum, including speaker time limits, will apply. The Staff Liaison, via the host, may remove individuals for persistent disruption or any conduct or statements that threaten the safety of any person(s) at the meeting.
Hayward Police Department Year-End Report
3 AB 2449 TELECONFERENCE NOTIFICATIONS AND
CONSIDERATION
Hayward Police Department Year-End Report
4 Approval of Minutes from April 29, 2024
Special Meeting
Hayward Police Department Year-End Report
5 Approval of Fiscal Year 2025 CEDC Regular Meeting Schedule Hayward Police Department Year-End Report
6 FY 2025 Regular Meeting Schedule
• August 5, 2024 Canceled
• September 2, 2024 Canceled
• October 7, 2024
• November 4, 2024
• December 2, 2024
• January 6, 2025 Canceled
• February 3, 2025
• March 3, 2025
• April 7, 2025
• May 5, 2025
• June 2, 2025
• July 7, 2025
Hayward Police Department Year-End Report
7 Introduction to East Bay Small Business Development Center's Small Business Finance Assistance Program (Oral Report Only) Nancy Mangold, Executive Director, East Bay SBDC
East Bay
Small Business
Development Center
Raising Capital for Small Business
Financing - Start-Up and Early Stage Entrepreneurs
•Most difficult stage for financing
•Lack of business history
•Banks require 1-2 years in
business
•Projection based financing, need
a Business Plan
•Possible sources
• Several CDFIs fund this stage
• SBA Financing
•Funding range: 50K, 100K, 350K
SBA Financing - Start-Up/Established Business
SBA 7a – up to $5M
General purpose loan. It can be
used for:
Starting up a new business
Purchasing a business
Business expansion
Capital expenditure
Real estate purchase
Permanent working capital
Refinancing existing business loans
Any other legitimate business use
SBA 504 - up to $5M
• for long-term asset purchase
Bank Financing - Established Business
SBA Loans & Conventional Bank Loans & Credit Lines
•SBA Loans
•Conventional Bank Loans
Less restrictive use
Larger loan amount
Less paper work
Market interest rates
Established business with
profitable history
Equity Financing - Angels and VCs
•Finding Investors
• Angel networks, Investor List, Pitch
Events, Foundersuite
•Identify Investors with similar
thesis
•Making connections
•Prepare Marketing Materials
•Pitch Deck and Presentations
•Investor - Due Diligence
•Term Sheet
Sources
•Incubators
•Accelerators
•Friends Family Fools
•Angels and Angel Groups
•Venture Capitalist
•Family Offices
•Corporations
Equity/Debt Financing – Crowdfunding
•Reward-based Crowdfunding
•Equity-based Crowdfunding
•Debt-based Crowdfunding
•Donation-based Crowdfunding
Contact Info
•Website: https://www.eastbaysbdc.org/
•Sign up for services: go to website and click
•Phone: 510-885-4801
•Email: [email protected]
•Nancy Mangold [email protected]
Hayward Police Department Year-End Report
17 Preliminary Concept Review of a Major Site Plan Review Application to Construct a Three-Story Data Center, Generator Yards, Substation, Switching Yard, and Related Accessory Structures on an Approximately 11-Acre Site Located at 26062 Eden Landing Road (Assessor Parcel Nos. 461-0085-052-01 and 461-0085-016-00). Application SPR-23-0036; Miles Kersten for STACK Infrastructure (Applicant) on behalf of SI SVYL3 LLC (Owner).
18 STACK Data Center
Major Site Plan Review for a Data Center Complex
26062 Eden Landing Road
Council Economic Development Committee
June 3, 2024
Elizabeth Blanton, AICP , Senior Planner
19 Location
20 Project Site
26062 Eden Landing Rd
11 acres
3 street frontages
Existing light
industrial/office park
General Plan
Industrial Corridor (IC)
Zoning
Industrial Park (IP)
21 Site Plan
Two data center
buildings
Building A: 310,000
s.f., 100’ tall, 108’ to
penthouse
Building B: 15,000 s.f.
Two generator yards
with 28 emergency
generators
Onsite project
substation
and switching station
22 Artistic Screening Options
23 Building Height
Maximum height in IP
zoning district: 75'
Proposed:
100' (108'
to penthouse)
Approving body may
allow building height
to exceed maximum if
the project will result in
public benefits/
amenities that
couldn't be achieved
otherwise
24 Public Benefits Proposal
25 Discussion
Public Benefits Proposal
Is the current proposal sufficient to
warrant the requested height
increase?
If not, what changes or additional
components does the CEDC
recommend?
Other Comments?
STACK- Eden Landing in Hayward, CA
COUNCIL ECONOMIC DEVELOPMENT COMMITTEE – JUNE 2024
26062 EDEN LANDING ROAD
STACKINFRASTRUCTURE GLOBAL FOOTPRINT
BUILT CAPACITY & UNDER DEVELOPMENT
4.0+GW
PLANNED AND POTENTIAL DEVELOPMENT
2.5+GW
CONCEPTUAL DESIGN
PROPOSED DESIGN
View from Investment Blvd
PROPOSED DESIGN
View from Highway 92
PROPOSED PUBLIC BENEFITS
• Gateway Marker Project (w/ Community)
• City Park Contribution Match
• Small Business Grant Program
• Hayward Area Shoreline Planning Agency
• HUSD STEAM Showcase
• City Sustainability Goals & Awareness
• Total Public Benefit Package
$300,000
$300,000
$200,000
$100,000
$100,000
$100,000
$1,100,000
Thank you!
33 Discussion
Public Benefits Proposal
Is the current proposal sufficient to
warrant the requested height
increase?
If not, what changes or additional
components does the CEDC
recommend?
Other Comments?
Hayward Police Department Year-End Report
34 Future Meeting Topics as of June 3, 2024
Hayward Police Department Year-End Report
35 Council Economic Development Committee
Future Meeting Topics as of June 3, 2024
*Subject to change and data availability
RESPONSIBLE
STAFF FUTURE MEETING AGENDA ITEMS
PRESENTATION
DATE*
Economic
Development
Hayward Upward Economic Recovery
Program Updates Standing Item
Economic
Development
Downtown Action Plan Working Group
Update
To be
scheduled
Community and
Media Relations
Update on Implementation of Hayward
Branding and Marketing Activities
To be
Scheduled
Hayward Police Department Year-End Report
36 Committee Member/ Staff Announcements and Referrals
Hayward Police Department Year-End Report
37 Committee Member/ Staff Announcements and Referrals
Together for Hayward - Point of Sale Grant Program
2024 Economic Development Organization (EDO) Awards
38 El Taquito
22354 Mission Blvd
Committee Member/ Staff Announcements and Referrals
39 El Pollo Loco
24119 Mission Blvd
Committee Member/ Staff Announcements and Referrals
40 Tea Villa
29237 Mission Blvd
Committee Member/ Staff Announcements and Referrals
Hayward Police Department Year-End Report
41 Committee Member/ Staff Announcements and Referrals
Hayward Police Department Year-End Report
42 Adjournment