TO: Mayor and Members of City Council
THRU: Jay Reinstein, Assistant City Manager
FROM: Cynthia Blot, Economic & Community Development Director
DATE: June 11, 2018
RE:
Title
Center for Economic Empowerment & Development Kitchen Incubator update
end
COUNCIL DISTRICT(S):
Council District(s)|109|
b
Relationship To Strategic Plan:
Goal 4: Desirable Place to Live, Work and Recreate
Executive Summary:
This item is presented for consideration to request a one year extension for the Kitchen Incubator agreement between the City of Fayetteville and Center for Economic Empowerment Development (CEED) effective June 30, 2017- July 31, 2018.
Suzy Hrobovsky, CEED Executive Director, will update Council on the progress made to date regarding the securing of funding for the proposed Kitchen Incubator project and present an updated timeline for the project.
Ms. Hrobovsky's presentation will provide information regarding the increased costs of the project, detail funding sources, and the status of the bank commitment letter for the proposed Kitchen Incubator.
Background:
In April 2015, City Council provided an initial disbursement of $100,000 for design work on a proposed CEED-Incubator Kitchen. Additionally, City Council approved $350,000 toward the development of the CEED-Incubator Kitchen. The agreement required a detailed plan of action, with documented and itemized budget showing how CEED can and will (utilizing the $350,000 and any other CEED-acquired, non-City Funds) move forward with the project to fully fund a Culinary Incubator/Training Station as first proposed or since modified. CEED agreed to make presentations to City Council on deliverables for each phase of completion and/or any modification to the plans.
On June 13, 2017, the City Manager received a letter from CEED as a request to obligate funds for the construction of Phase 1 of the CEED Culinary Incubator. Their plan of action has been delayed on several occasions with the origin...
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