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CITY OF PASADENA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE MINUTES
JANUARY 29, 2026 - 5:00 P.M.
SPECIAL MEETING
OPENING
ROLL CALL:
Acting Chair, Vice Mayor Rivas called the meeting of the Economic Development and Technology Committee to order at 5:08 p.m.
Councilmember Tyron Hampton, Chair (Absent)
Vice Mayor Jessica Rivas, Acting Chair
Councilmember Steve Madison
Councilmember Jason Lyon
David Klug, Director of Economic Development
Teresa Garcia, Senior Project Manager
Dion O'Connell, Assistant City Attorney
Betty Gao, Recording Secretary
APPROVAL OF MINUTES It was moved by Councilmember Madison, seconded by Councilmember Lyon, to approve the minutes of November 18, 2025, and December 16, 2025, as submitted. (Motion unanimously approved) (Absent:
Councilmember Hampton)
Staff:
NEW BUSINESS ROSE BOWL ANNUAL REPORT 2024-2025
Following a brief discussion, and by consensus of the Committee, the information was received and filed.
INFORMATION ONLY STATE OF CITY COMMERCIAL REAL ESTATE MARKET — DATA
AND INSIGHTS
1. OFFICE UPDATE PRESENTED BY CBRE
2. RETAIL AND HOTEL DATA INSIGHTS PRESENTED BY COSTAR
David Klug, Director of Economic Development, provided introductory comments, and Jackie Benavidez, First Vice President from CBRE (City Consultant), and Dennis Lee, Account Executive from CoStar Group (City Consultant), jointly presented a Powerpoint presentation as part of her oral presentation, including providing information on market highlights and statistics, retail forecast and data, new tenants and lease renewals, and responded to questions.
Following discussion, on the order of the Acting Chair, and by consensus of the Committee, the information was received and filed.
COMMUNITf COMMERCIAL DISTRICT NEEDS
PRESENTED BY ECONOMIC DEVELOPMENT
ASSESSMENT
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David Klug, Director of Economic Development, provided introductory comments, and Teresa Garcia, Senior Project Manager, presented a Powerpoint presentation on the item, including providing information on existing models and components; with both responding to questions.
Ms. Garica reported that the correct title of the item is "Commercial District Needs Assessment".
Director Klug clarified that funding would be needed to conduct the assessment, and staff would explore potential support from Pasadena- based institutions. Councilmember Madison asked staff to return to the Committee with additional details on the assessment and potential support.
Councilmember Lyon expressed support for the proposed assessment initiative, particularly the focus on North Pasadena, noting the importance of equity. He also emphasized the need to balance this work with continued support for the City's established economic drivers.
Following discussion, on the order of the Chair, and by consensus of the Committee, the information was received and filed.
ECONOMIC DEVELOPMENT UPDATE BY DAVID A. KLUG,
ECONOMIC DEVELOPMENT DIRECTOR
David Klug, Economic Development Director, summarized the staff memo as part of his oral presentation, including providing information on business development, special events and business support, business and markets update, awards and recognition, and responded to questions.
Councilmember Lyon shared his experience during Cheeseburger Week and encouraged colleagues to continue community outreach, exploring a variety of news and social media outlets.
Following discussion, on the order of the Chair, and by consensus of the Committee, the information was received and filed.
ADJOURNMENT:
On th^ ord§r of the Chair, the meeting of the Economic Development and Techr)blo^ Committee was adjourned at 6:08 p.m.
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T^ron ^lartpton, Chair
Economic Development and Technology Committee
ATTEST:
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Beriy Gao
Recording Secretary
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