2017 Operating & Capital Budget

Transcription

1 2017 Operating & Capital Budget Proposed to Pike Place Market PDA Council November 8, 2016

2 Pike Place Market Preservation and Development Authority 2017 BUDGET Submitted to the Pike Place Market PDA Council November 8, 2016 Prepared by: Ben Franz-Knight John Turnbull Sabina Proto Steve Nelson Erica Bates Emily Crawford Lillian Sherman PDA Staff Executive Director Director of Asset Management Director of Finance Director of Operations Director of Human Resources Director of Communications & Marketing Executive Director, Market Foundation

3 Pike Place Market Preservation and Development Authority TABLE OF CONTENTS Section I 2017 Budget Schedule Section II 2017 Budget Overview Section III 2017 PDA Operating Budget

4 2017 Budget Review and Approval Schedule Date / Time / Location Participants Activity Monday 9/19 4:00 PM- 6:00 PM The Classroom Finance and Asset Management Committee & Staff PDA Finance and Asset Management Committee Regular Meeting Budget discussion, goals, and direction with Finance and Asset Management Committee members. Monday 10/3 4:30 PM- 5:30 PM Elliott Bay PDA Staff & Community Community Budget Meeting PDA staff will give an overview of 2017 programs, discuss the opportunities and challenges that will effect the 2017 budget, and hear the public's ideas and comments on Market needs that effect the budget. Wednesday 10/19 3:00 PM- 6:00 PM Elliott Bay Finance and Asset Management Committee & Staff PDA Finance and Asset Management Committee Regular Meeting Presentation of 2017 Proposed Final Budget. Wednesday 11/2 4:30 PM - 5:30 PM Elliott Bay Finance and Asset Management Committee, Community & Staff Special Finance and Asset Management Committee Meeting Budget Discussion & Public Comments Finance Committee members and staff will discuss recommended changes to the 2017 Budget as presented to the FAM Committee on 10/19/16. Committee will also hold public hearing for tenants and public to ask questions, make comments, or offer suggestions on 2017 Proposed Budget. Tuesday 11/8 4:00 PM- 6:00 PM The Classroom Finance and Asset Management Committee, Community & Staff PDA Finance and Asset Management Committee Regular Meeting Additional public comment, and report on public dialogue feedback; Committee discussion and direction provided to PDA staff for recommended changes to the 2017 Proposed Budget. Committee adopts final recommended 2017 Budget and Budget resolutions for consideration by Full Council. Thursday 11/17 4:00 PM- 6:00 PM The Classroom PDA Council Staff Regular PDA Council Meeting Full PDA Council reviews Finance & Asset Management Committee recommendations and adopts 2017 Final Budget. Section I

5 Pike Place Market Preservation and Development Authority 2017 Budget Overview Section II

6 The Pike Place Market Preservation and Development Authority 2017 Operating and Capital Budgets The Pike Place Market Preservation and Development Authority (PDA) is a non-profit public corporation chartered by the City of Seattle in As a public trustee, the PDA serves as the manager and steward of the city s historic Public Market Center. The PDA s mission and charter purposes are: Preserving the traditional character and uses of the Public Market; Renewing, rehabilitating, preserving, restoring and developing structures and open spaces in and around the Market Historical District; Continuing the opportunity for Public Market farmers, merchants, residents, shoppers and visitors to carry on traditional market activities; Initiating programs to expand food retailing in the District, especially the sale of local farm produce; Providing goods, services and housing to low and moderate income people; Promoting small-owner operated businesses that have the opportunity to thrive in a unique community where producers meet and interact with consumers; Considering the views of the public and the Market community in establishing policies, programs and budgets to further the preservation objectives of the Market. Introduction The 2017 Budget reflects a measured approach to revenue growth and projected sales and maintains a core focus on the maintenance and management of the Markets existing programs and services. With the completion of the new MarketFront project, 2017 is a year to refine existing programs and operations while incorporating this new section of the Market budget priorities include: Operations Continued support of quality security, parking and facilities efforts

7 Page 2 Marketing Modest expansion of marketing and promotion efforts to celebrate our 110 Th Anniversary and MarketFront opening. with a continued focus on direct community engagement, social media Events Enhancement of Atrium Kitchen events and development of MarketFront Plaza Arts and Public Activation Programs Farm and Daystall Active recruitment of new farmers, artists and crafters and growth of the night market Programs Increase capacity and reach of the Education Program Management Oversight of growth and additional needs for the MarketFront Preservation Appropriate Capital Budget and maintenance program allocations to ensure preservation of existing assets Residential Continued focus on delivering high level of service and resident support an integration of MarketFront apartments When completed in early 2017, the MarketFront will provide 40 new low-income housing units, 300 new parking spaces, approx. 10,000 sq/ft of new enclosed retail space, a weather protected plaza canopy for daystall tables, demonstration areas and events with approx. 30,000 sq/ft of new public open space. This new building will require expansion and growth in several key operational areas as well as increased oversight from current PDA management staff. The Pike Place Market continues to demonstrate economic growth with diverse revenue sources that meet and/or exceed local and national trends. Revenue projections for 2017 reflect thoughtful analysis of historic trends and actual performance in recent years. With a continued focus on the health of the Market within the Historic District, it will also be important to stay engaged with projects adjacent to the Market. In 2017 this will include renovations of Steinbrueck Park/Native Park, design development for the Overlook Walk and Building B and Center City Connector Streetcar progress. The 2017 Budget ensures that we are supporting all existing programs and meeting all current operational needs while also carefully integrating the MarketFront building into the rest of the Pike Place Market Budget Summary Total Revenue $19,442,745 Total Operating Expenses $14,827,921 Debt Service $1,926,666 Designated Reserves and Pension $345,164 Net Surplus $2,342,995

8 Page 3 The 2017 Budget was developed through a process that started with a detailed review of MarketFront projections and operational needs and forecasting for revenue and expense growth through 2017 and Multiple internal tests were applied to cost centers and revenue projections including soliciting estimates from vendors and service providers and reviewing annualized actuals and prior year performance. Following rough budget projections, we engaged in a series of internal manager meetings, departmental discussions and one-on-one analysis with managers and directors to prioritize based on need, growth potential and opportunities for improvement. We also conducted multiple PDA Finance & Asset Management Committee meetings and Community Budget Meetings. The proposed budget incorporates the thoughtful dialogue and recommended changes that were generated during the budget review process. REVENUE Generally, revenue is expected to be $1,334,928 higher in 2017 when compared to the budget amounts for 2016; $562,176 increase in existing Market and $772,752 from the new MarketFront. Commercial tenant revenue represents nearly 60% of our total revenue and is most affected by economic conditions. The business health of the Market has seen remarkable growth over the last few years. Commercial revenue projections expected steady growth through 2017, however, the rate of increase is not expected to be as dramatic as annual increases seen from Residential revenue is projected to be higher in 2017 compared to 2016; this is mostly due to the modest rate increases for the market rate apartments. Western Avenue Senior Housing LLC is not part of this budget. Daystall: Crafts and Farm revenue projections reflect modest increases for We continue to actively recruit to increase the number of crafts and farmers in the Market. With the completion of MarketFront project, there will additional available space for our crafters. Parking Revenue is projected to have additional $800,000 from the new garage. Blanchard and Lenora Lots will continue to be operational during Investment income will be higher during Our approach is to remain conservative and comply with all restrictions and regulations for public organizations. OPERATING EXPENSES Expenses are budgeted to be higher in 2017 mostly due to adding operations for the new MarketFront building. The total count of FTE (full time employees) is 113, and we have proposed a wage increase for all PDA staff. Utilities expenses are expected to increase during 2017 due to the rate increases and operations of the new building The proposed 2017 budget achieves a net surplus before capital spending, maintains an adequate operating reserve and projects a modest reserve contribution.

9 Page 4 DEBT SERVICE AND RESERVES Debt service and reserves are fixed obligations with the exception of the PDA employee pension contribution. This is a discretionary expenditure subject to the parameters outlined in the pension document. The contribution proposed in the 2016 budget will be confirmed after the final 2016 operating results are available. In June 2015, the PDA issued its own special obligation PDA 2015 Series A and B Bonds. A portion of the bond proceeds were used to refund some existing PDA debt with the remainder of the bond proceeds designated for the MarketFront construction. The PDA will continue to make payments to City of Seattle for the PDA 2009 Bond until CAPITAL PROJECTS The PDA capital projects budget represents ongoing capital work on our properties. These projects will be funded from PDA operations and the CRRF (Capital Repair and Replacement Fund). The capital projects program proposed for 2017 includes projects from the 2013 Capital Needs Assessment Study, necessary repairs identified through routine inspections of Market systems and buildings, carry-over projects from 2016 and new proposed improvements to Market systems and/or buildings Budgeted Revenue The Pike Place Market PDA generates rental revenues from commercial, residential and daystall tenants, parking fees from the Public Market Parking Garage and surface lots, Events Spaces and miscellaneous programs and investment income as outlined below. Commercial 2017 will commence with nearly 100% occupancy, with several tenants undertaking significant tenant improvement projects including the new MarketFront. Projected vacancy allowance of 2% in 2017 reflects an increase over the prior year due to loss of rent during the construction period for known tenant improvements. Overall sales are projected with a modest annual increase reflecting a trend toward slower growth through the first half of 2016 after several years of significant increases consistent with national economic growth and increased visitorship during major construction along the waterfront. A major focus will be working with the new tenants of MarketFront to build out their spaces with a projected opening in mid New commercial spaces in the MarketFront will not generate rental income during 2017 due to allowances for tenant buildouts. Those tenants will be paying common area charges effective mid-year. Residential

10 Page 5 Residential revenue reflects rent increases consistent with prior years. The PDA receives maximum rent increases available for subsidies from HUD. We continue to maintain rents for non-subsidized apartments a below the high rents and significant increases seen in most areas of Seattle in order to preserve affordable housing for downtown workers. Annual increases of 5% are projected for these units. Income for new western Avenue senior housing (WASH LLC) will be recorded in a separate budget for that entity. Lease up will begin in February 2017 and full occupancy projected by end of April. Daystall Revenues are projected at levels budgeted for As the community has matured, we are bringing in new vendors at an increasing rate as attrition of senior vendors and lower attendance makes space available. Approximately 30 new vendors will have been screened in by the end of In the coming year, recruitment efforts will continue as we identify innovative artisans to join the community. While the new MarketFront will provide added covered selling spaces, some of this will provide overflow space during inclement weather to accommodate existing vendors and is expected to help increase the frequency newer vendors will be able to sell in the Market and help invigorate the daystall areas year round, 363 days a year. Farm The PDA operates several farmer-to-consumer direct sales programs including the traditional day table space at Pike Place, supplemental street vending spaces for farmers selling food as well as the 5 remote markets held weekly during the summer. In addition to the daily farm table presence at the Market, and five neighborhood express markets which have substantially increased sales for market farmers in nearby neighborhoods, in 2016 the department launched a Wednesday evening market intended to extended hours on Pike Place and provide additional sales channel for Market farmers. The 2017 budget supports expansion of the night market and continued steady growth of express markets. In addition, existing food access, farm outreach and CSA programs are sustained with a combination of base funding and grants. Parking The Garage and Surface Parking revenue represents all receipts from daily and monthly parking fees. We proactively manage our parking to ensure accessibly to short-term parking by carefully tracking volume, duration of stay and revenue. Based on demand and season we adjust monthly and daily rates as needed. We anticipate that revenues in the existing garage will increase largely due to a modest hourly rate increase from $3 to $4 per hour for the first 4 hours. Revenue projections for the MarketFront garage are consistent with the conservative pro-forma modeling conducted prior to bond issuance and are based on an assumed operation

11 Page 6 commencement in February Given that the remaining surface lots will close by 2019 for Viaduct demolition the net revenue has been moved to a reserve account for the MarketFront to relieve any current reliance on this revenue to support operations. We continue to participate in a program with the City and State as part of the Alaskan Way Viaduct parking mitigation efforts. Programs and Events We achieved our goals in 2016 of developing a steady rental income stream from the event facilities, while preserving about 50% of the time for PDA, Market Foundation and other community meetings. A special focus for 2017 programming is the introduction of a calendar of special events and classes involving the Atrium Kitchen, on a more regular seasonal basis. Additional outreach and event related marketing is being developed to ensure both private rental and community programs are successful. Allowances to support chefs, instructors, kitchen supplies/resources and banquet permitting is necessary to ensure successful programming. Private event rentals are expected to grow with a new more customer friendly sales structure, built around professional standards of the local events industry and its clientele. Attention to corporate meetings and weddings is highlighted. A higher level of customer service and networking with local planners and industry associations is being implemented. Continued business development is expected. Market Foundation The PPMF has funded the Low Income Food Programs for years. Since 2015, it was re-imagined and integrated with the Food Access Program. We have since seen a marked increase in use and redemption rates. The Foundation will continue to support this effort with $25,000 in funding for Miscellaneous Revenue Miscellaneous revenues are received through security contracts, management fees, investment earnings, filming contracts, and licensing fees; the majority is interest earnings on PDA reserves. The interest rates will continue to remain low during the coming year. We invest our surplus fund in the Local Government Investment Pool (LGIP), which has averaged less than 0.51 % throughout Being a government agency we are restricted as to our investment options to FDIC insured banks and government securities Budgeted Expenses

12 Page 7 Operations expenses include security, maintenance, facilities, utilities, insurance, and property management services and represent approximately 76% of the total budgeted expenses for Management and administrative expenses represent 14% and marketing, farm and other programmatic expenses represent 10% of our total expenses. Departments and 2017 programs are described as follows: Property Management Commercial The Commercial Property Management Department consists of four full-time employees; the department manager, two property managers, and a lease administrator. The department acts as the primary liaison to the PDA s commercial tenants. Responsibilities include new tenant recruitment and development, lease administration, negotiations of new lease terms and conditions, lease document and applicable amendments preparation, renegotiation of existing leases coming to term, and establishment of tenant and customer service standards. The department also oversees administration of rent increases, enforcement of all lease provisions, covenants and conditions, and tenant assistance with the application process for the Market Historical Commission (MHC). Overseeing tenant improvement work in the new MarketFront and ensuring full integration with existing Market commercial operations will be a central focus of In addition, the commercial department will continue to ensure a strong tenant mix between food, restaurant and mercantile uses. Residential The Residential Property Management Department consists of nine full-time employees: the department manager, a compliance manager, four building managers and three assistants to assist with daily cleaning and unit turnovers and one occupancy compliance manager. Each of the building managers receives ongoing training for HUD procedures and fair housing requirements. The residential staff manages and cares for 436 units of the Market buildings that are market-rate and low-income HUD subsidized and tax credit housing. Staff additionally ensures that the buildings stay within HUD compliance and other regulatory agreements. The PDA is the contracted manager for the LaSalle Senior Housing LLC and Western Avenue Senior Housing LLC and is reimbursed an allocated portion of the department s expenses by these organizations. Expenses remain pretty consistent with the exception of the addition of one staff position, that of Occupancy Compliance Manager. We are reinstating this position to centralize coordination of compliance with paperwork requirement and increasingly detailed and regulations concerning fair housing, reasonable accommodations, tenant screening procedures and the like, resulting from changes in federal regulations and local legislation.

13 Page 8 Daystall and Farm The Daystall and Farm Departments consist of six full-time employees who are responsible for managing the 200 farm and craft tables rented daily to permit holders as well as managing the farm program activities and events. In addition they oversee the permitting of over 400 Buskers. The Daystall staff is also responsible, in cooperation with the Marketing and Communications department and the Programs and Events department, with the planning and execution of special events including the annual Flower Festival, Behind the Table and other related events as requested. Programmed expenses in daystall focus on recruitment and support of new vendors and an increase in business skills classes. The Daystall budget also includes a small allowance in 2017 to promote special themed events on portions on the new plaza as part of the first year of operations. The Farm department manages a variety of programs reflecting several priorities of the PDA first and foremost the preservation of the Market as a place for farmers to sell fresh, local produce. In support of this, the department supports education, technical assistance and training initiatives all aimed at promoting and supporting local agriculture. The farm department also oversees several assistance programs aimed at improving food access for low income and disadvantaged members of the community. Central to these efforts are direct support services to local s family farms to help them grow their business and plan for the next generation of farmers. At the end of 2016 staff were able to evaluate several different food-access programs that had been initiated by the Market Foundation, with support from the VISTA program, and paid thorough various grants. As such, the 2017 budget provides for the continuation of Farm and Highstall coupon programs (Pike Bucks), continues support for the Market s multiple EBT (food stamp) matching programs all sponsored by the City of Seattle (Fresh Bucks), and continues to support community education activities associated with the Atrium Kitchen. The farm program will continue to expand the direct purchase of local food from Market farmers through the Farm to Go (CSA) program. As it enters its third year the program will see new opportunities for growth with the additional of grant funding from the WSDA intended to cover staffing and operational costs during the next two years. This program is expected to double in volume, while staff continue to find more efficient ways to operate, providing greater benefits to customers and growers alike. Parking The Parking Department consists of 4 full-time employees and operates the Market Parking Garage which will include 300 additional spaces in the MarketFront. Seasonal staff are brought in during assist during peak months and during the holiday season.

14 Page 9 The 2017 budget includes allocations for routine equipment maintenance, cleaning, and garage upkeep. Operations Facilities The Facilities Department consists of 29 full-time employees in a 24/7 operation. The Facilities staff provides 24-hour cleaning with environmentally safe products of the inside and outside spaces of the Pike Place Market. They are responsible for providing a clean and safe environment for the more than ten million visitors, as well as merchants and residents who live, shop and do business in the Market each year. Additionally, facilities staff maintains the lighting, landscaping, garbage and recycling needs of the Market. Budget 2017 reflects an increase in operational costs with the introduction of MarketFront. This includes three new FTE with staggered start dates consistent with the anticipated activation of open space and commercial space in the MarketFront. Security The Security Department consists of 24 full-time employees. The uniformed security officers provide 24-hour security and safety services within the Historic District, interacting with and monitoring the safety of customers, staff, tenants, and residents. There are generally five officers on duty per shift, with some additional seasonal staffing during the summer months. The PDA works closely with the Seattle Police and Seattle Fire Departments for purposes of emergency preparedness and response. Security officers are often the first responders in emergency and offhour situations, both property and people related. They are the designated contact for all Market calls during non-office hours. The 2017 budget includes the addition of two fulltime security officers. These two positions in concert with our expanding video surveillance program and the physical security components included in the new addition provide the resources necessary to monitor and secure the new structures and open spaces. Our uniform, equipment, and radio expenses will be increased to meet the needs of the new spaces and personnel. As a partial offset to the proposed increased expenditures will be the elimination of the employment of off-duty Seattle Police officers. The improving professionalism and performance of our security officers and the scheduling difficulties associated with matching our service needs with the off-duty SPD officers availability make this an operational and fiscally responsible decision. We will continue to train with Seattle Police officers and to enhance our day-to-day communication and working relationship with the West Precinct personnel. Maintenance The Maintenance Department is budgeted for eleven full-time employees. The Maintenance staff maintains and repairs the PDA s fourteen buildings, with an emphasis on preventative

15 Page 10 maintenance including fire and life safety, building repairs, and painting. Additionally, they oversee the elevator maintenance contracts, as well as the HVAC system (Heating Ventilation and Cooling) and cooler maintenance contracts. The Maintenance department works closely with the Capital Projects department to coordinate in-house and contracted maintenance and capital projects. The Maintenance staff also manages the operation of the new systems installed in the Market through renovation which have required different skill sets and technical certifications and licenses, such as boiler and electrician licenses and training in electronic HVAC controls. In 2016 a dedicated staff person to help with FOG (Fat Oil and Grease) management in the Market. Capital Projects The Capital Projects Department includes two full- time employees who manage the PDA s ongoing capital program. The PDA Capital Projects managers are responsible for managing and overseeing the budgeted capital projects planned for 2017 and the carry-over projects from These managers are responsible for the design and bidding process when applicable, the scope, schedule, and budget for each project, oversee the contractor and maintain the contract process and files in order to maintain compliance with PDA policies and public works contracting. They work in conjunction with the residential, commercial and maintenance staff to coordinate project timelines and efficient coordination capital projects and other Market activities. Utilities Utility expenses include the costs of electricity, water/sewer, recycling, garbage, and pest control for the tenants and common areas. We track and analyze utility consumption for tenants using utility bills and Priority metering system software and EPS s Portfolio Manager Programs. Conservation efforts are important year round. As we have reduced electrical consumption with greater use of LED lights, we will continue to focus attention on improving water conservation. The price of basic utility services used by the Market continues to rise. The PDA continues to identify means of reducing demand on utilities through better conservation and maintenance practices. We also encourage tenants to conserve as much as they can by closely tracking their utility consumption and passing on cost savings when they require less service. Utility consumption is tracked closely on a very detailed level and this information is used to ensure that conservation measures are kept in place. Insurance Our annual insurance renewal is May 1. The 2017 budget reflects actual rates through April 30 and for the remainder of 2017 we are budgeting insurance costs to be 6% higher than actual rates for 2016.Also, we have included the estimated value of the insurance premiums for the Market Front building. Primary coverage is for property damage and liability to protect the Market s properties in the event of earthquake, fire, and personal damage lawsuits.

16 Page 11 Administration Management The Management Department consists of six full-time employees. Department Directors are not charged to their departments, but to the management department. The Executive Director and Department Directors with the PDA Council to develop and implement the strategic goals of the Market. They provide information to the PDA Council for their work in developing policy and decision-making. The Management team oversees all departments within the PDA and represents the Market in various capacities throughout the City and downtown community. They work on all issues within the various departments and develop department direction and annual work plans. Finance The Finance Department consists of five full-time employees. The Finance Department is responsible for the overall accounting, tenant billing, and disbursements for the PDA s revenues and operating expenses, as well as for the LaSalle Senior Housing LLC and Western Avenue Senior Housing LLC. They oversee the yearly independent audit, the State audit, the LaSalle Senior Housing LLC and WASH LLC audits, and the audits for QALICB(s). The Finance Department prepares financial reports for management, the PDA Council and lenders as well as the annual PDA operating budget. In addition, the Finance Department oversees compliance with the PDA s debt requirements, tax credit financing requirements, and federal and state grant requirements, tax returns and all other government reporting requirements. Office Administration and Human Resources The Office Administration and Human Resources departments consist of 4 full-time staff. The Office Administration staff manages the daily office needs, reception, meeting minutes recording, committee packages preparation and payroll functions. Office Admin answers or directs all public inquiry received at the main PDA office and provides administrative support to all other PDA staff. The Human Resources staff is responsible for planning and overseeing employee hiring and terminations, employee benefit programs, training and recognition, employee safety programs, union negotiations, as well as responding to all employee-related issues and concerns. Information Systems The Information Systems Department consists of two full-time employees who manage the PDA s computer systems and communications infrastructure, as well as providing technical support for staff. Staffing levels are the same as in 2017.

17 Page 12 Programs Program and Events The Programs and Events staff manage oversight and coordination of various activities in the Economy Market Building and Atrium Kitchen. This includes all aspects of private event rentals, from initial contract to finances, and day of completion. Atrium Kitchen programs are curated and operated, on a regular weekly, and seasonal basis. Regular scheduling of Market Community meeting room use and event related resource maintenance is also managed. Marketing and Communications The Marketing and Communications Department of the PDA brings the brand message of Pike Place Market to a wide array of audiences through advertising, public relations, education programs, digital and social media and internal communication strategies. The department of five staff members focuses on promoting the meet the producer ethic, small independent businesses, artisan foods and high quality specialty foods. The farm, craft, and commercial businesses are promoted year-round through marketing and public relations efforts. Additional brand stewardship includes the protection of the Pike Place Market registered trademarks and management of commercial film and photography productions. These efforts generate revenue for the PDA. In the coming year, the department will focus marketing and PR efforts on the opening of the MarketFront and the celebration of the 110 th anniversary in August. Each will involve specific advertising and events such as a Market Community Party (February) and Grand Opening (June). A digital book project celebrating the Market and delving into the operations of the Market is underway and will be published in the summer of The Education Program educates more than 2,000 students and reaches 46% of all Seattle Public Schools elementary or K-8 schools. This program has been administered for years with one staff member and relies heavily on volunteers. For 2017 resources have been reallocated from the Management team to support a new Community Outreach Support position that will increase capacity for the Education Program in addition to several other internal and external projects including coordination of the PDA s RE-Team and liaison with the Market to MOHAI pedestrian path planning effort. This additional staff support will also assist with the execution of the 110 th Anniversary and opening of the MarketFront. Leveraging the Market s significant assets online four successful social media platforms, a revamped website, and a blog and video channel will continue to be a cornerstone of our annual marketing plan as we promote the Market year-round. Internally, staff works to keep tenants, residents, visitors and PDA employees informed of Market news through a community newsletter, online event calendar, tenant alerts and coordination with Market social service organizations and partners.

18 Page 13 Market Foundation With the completion of MarketFront construction and corresponding wrap-up of the Pike-Up campaign PDA contributions to Market Foundation salaries is moving from campaign and events support to support of the new Neighborhood Center which will serve a broad base of market residents and community members. The Foundation has successfully secured a second 3-year Americorp-Vista volunteer service program contract that will end in This year s contract will include 3 service members to work on projects in the new Neighborhood Center, Food Access project and in the Food Bank. The Food Access Coordinator position created in 2014 to develop access to food for low-income people will be restructured in Previously, this position has received partial funding from a private grant to become a salaried position with the PDA. Going forward it will be wholly assumed within the PDA Farm Program. The grant funded activities will continue to be funded with the private grant money. The PPMF and the PDA have funded the Resident Advocate program since Its intent is to provide a myriad of social services to the often frail seniors living in the PDA buildings that are beyond the scope of the building managers to provide. In 2014, a HHOT team RN from the Pike Market Medical Clinic was added to the existing Resident Advocate Program. This addition has provided enhanced medical outreach to our neighbors. In 2015, we added funding to add 1 FTE case manager in the Sr. Center. We are not proposing any new additions in 2017 as we discover how this program works in conjunction with the Neighborhood Center. The PPMF plans to open the new Neighborhood Center in the MarketFront in In June 2016, we hired a project manager to develop the facility and the programming. The PDA will fund the salary of the manager and operational costs in 2017 in the inaugural year.

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