PDA Council Meeting Agenda

Transcription

1 PDA Council Meeting Agenda Date: Thursday, September 24 th, 2015 Time: 4:00 p.m. 6:00p.m. Location: Elliott Bay Room Committee Members: Matt Hanna (Chair), Patrick Kerr (Vice-Chair), Gloria Skouge, David Ghoddousi, James Savitt, Jackson Schmidt, John Finke, Bruce Burger, Ann Magnano, Betty Halfon, Patrice Barrentine and Rico Quirindongo 4:00pm I. Administrative: A. Approval of Agenda B. Approval of the PDA Council Meeting Minutes for August 27 th, 2015 Chair 4:05pm II. Public Comment Including the Market Community 4:10pm III. Programs and Information Items A. Council Chair Report I. Action Item: Proposed Resolution 15-60: Election of PDA Officers, Committee Chairs and Vice Chairs, and Councilselected Councilmember B. Executive Director s Report I. Committee Chair Report C. Other Reports Matt Hanna Ben Franz-Knight 4:25pm IV. Key Issues Presentation and Discussion Items A. MarketFront Project Update Ben Franz-Knight 5:35pm V. Resolutions and Other Action Items (Old and New Business) A. Consent Agenda Proposed Resolution 15-61: MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt Proposed Resolution 15-62: Authorization for Contract Authority Rehabilitation of Heritage Building Cladding Experienced Construction Proposed Resolution 15-63: Lease Proposals September 2015 B. New Business Action Item: Proposed Resolution 15-65: Approval of WISErg Harvestor Trial location Chair Tamra Nisly PDA Council Packet pg. 1

2 C. Other 5:45pm VI. Further Public Comment 5:55pm VII. Concerns of Committee Members 6:00pm VIII. Adjournment Chair PDA Council Packet pg. 2

3 PDA Council Meeting Minutes Thursday, August 27, :00 p.m. to 6:00 p.m. The Classroom Committee Members Present: Matt Hanna, Patrick Kerr, Gloria Skouge, David Ghoddousi, Ann Magnano, Patrice Barrentine, James Savitt, Betty Halfon, Rico Quirindongo, Jackson Schmidt, Bruce Burger Staff Present: Ben Franz-Knight, Tamra Nisly, Lillian Sherman, John Turnbull, Jennifer Maietta, Cathy Silva, Emily Crawford, Dianna Goodsell Others Present: Ernie Sherman, Joe Read, Howard Aller, Joan Paulson, Cynthia Hope, Haley Land, Colleen Bowman, David Kenagy, Sharon Mukai, Frank Coble, Chris Scott, Vanessa E. Lopez, Robert Shapiro The meeting was called to order at 4:03p.m.by Matt Hanna, PDA Council Chair. I. Administration A. Approval of the Agenda The agenda was approved by Acclamation B. Approval of the July 30, 2015 PDA Council Meeting Minutes The minutes were approved by Acclamation II. Announcements and Community Comments Joan Paulson commented on the Lease Administrative Guidelines noting the importance of including an emergency plan of action with the guidelines. Cynthia Hope provided her comments regarding the proposed composting program. She said that her concern for the composting program was regarding the physical location of machine. She noted her concerns in blocking a main doorway to the Market. She had noted that all of the other recycling locations on the street was located further north, adding that the Harvester should be placed in a nearby area. Haley Land had provided a brief update of the August Stakeholders meeting for MarketFront, noting that there have been so few of the MarketFront Committee meetings to date. He reported that there was discussion about more public communication with Sellen Construction and their work on the MarketFront project. He added that there was some updates provided with the construction progress as well. He reported that the next Stakeholders meeting would be on Tuesday, September 22 nd. PDA Council Packet pg. 3

4 Vanessa E. Lopez from Defenders of Wildlife was curious to know where we were in status of the public art project for the MarketFront. Rico Quirindongo entered into the meeting at 4:12 III. Reports and Information Items A. Council Chair Report Matt Hanna presented a Chair Report to the PDA Council. He provided an update on the Nominating Committee stating that Ray Ishii would be the recommended person to replace Jackson Schmidt s PDA Council-appointed seat on the Council. He provided a brief background on Ray highlighting his Accounting and Finance expertise. A resolution would come next month with the Nominating Committee recommendations for the PDA Council and Committee Chairs, Vice Chairs, Officers and Council-selected member. He had asked for Ben to provide the appropriate materials to the PDA Council regarding Ray Ishii s background. He secondly mentioned about a recommendation for Colleen Bowman to serve as the Mayor-Appointed PDA Council member; she would need to seek appointment through the Mayor. He provided a brief background on Colleen s experience noting that she has a connection to the Market that s intimate and unique. He lastly discussed an upcoming trademark renewal with Starbucks for Pike Place Roast. He said that he would like to seek out expertise externally on the evaluation of what the Pike Place name is valued out. There was a brief discussion that followed regarding the trademark renewal with Starbucks. Jackson Schmidt said that he had heard that the Pike Place blend is the highest selling item for Starbucks. Patrick Kerr commented on the trademark agreement with Starbucks, noting that the monetary benefit is secondary to what Starbucks does for the Market. He noted that many people come to the Market to visit Starbucks. Ann Magnano commented on the agreement with Starbucks and her support for Starbucks as a company. She said that rather than spending our money on a consultant, we could determine an amount on our own regarding the use of the trademark Pike Place name. Jim Savitt wanted to provide some thought regarding legal info. Rico Quirindongo had asked about the timeline and process for the renewal of the trademark agreement with Starbucks. Matt Hanna noted that the negotiations are underway regarding the trademark renewal agreement with Starbucks. Ben Franz-Knight noted that the agreement is up and is carrying over. PDA Council Packet pg. 4

5 IV. Bruce noted that this item should be discussed in closed session. Matt Hanna asked Ben to get pricing information through our attorney including trademarking service. We would then bring the following information back to Finance & Asset Management under Closed Session and then to the PDA Council. B. Executive Director s Report Ben Franz-Knight said that there was a detailed written ED Report included in the PDA Council packet for August. He highlighted a few items in the ED Report including the short and long term options we are exploring to aid our farmers; he noted that the drought affects are very serious, and he wanted to make sure we had an appropriate role in assisting the farmers affected. He briefly reported on the Raw Power event which was held on August 23 rd. He gave thanks to KEXP and staff for their work for this event. He mentioned that the event was well attended with an estimated 8000 people. C. Committee Chair Report Betty Halfon briefly reported on the Market Programs committee. D. Other Reports None Key Issues and Presentations A. WISErg Harvester Update Tamra Nisly, Senior Projects Manager presented an update on the WISErg Harvester location study; a copy of the presentation was included as part of the PDA Council records. She presented several illustrations on a recommended location for the Harvester situated by the entrance that connects to the sky bridge, near City Fish. She noted that this proposed location was placed further south as requested and did not take up parking space. She separately spoke of opportunities with incorporating a wrap design over the Harvester machine which could serve as an educational tool for the public. She provided an example wrap design to the Council which was similar to the current wrap on the Market farm truck. I. Action Item: Proposed Resolution 15-56: Agreement between Seattle Public Utilities and the Pike Place Market PDA for On-site Foodwaste Processing Demonstration Project There was a discussion that followed. Tamra Nisly introduced Proposed Resolution 15-56: Agreement between Seattle Public Utilities and the Pike Place Market PDA for On-site Foodwaste Processing Demonstration Project which states that the Pike Place Market preservation and development authority (PPMPDA) had adopted Resolution in 2014 to reduce the use of resources and the generation of waste within the Market, to continually improve our environmental performance, to comply with environmental laws and regulations and to work in coordination with and provide assistance to PDA tenants to ensure Market- PDA Council Packet pg. 5

6 wide business practices are conducted in an environmentally responsible and sustainable manner; and, Whereas, in accordance with City of Seattle Ordinance # effective January 1,2015 the disposal of food waste in both residential and commercial garbage containers would be prohibited with businesses required to sign up for a food waste collection service or have an onsite system to compost or anaerobically digest or process food scraps; and, Whereas, Seattle Public Utilities has expressed interested in studying other food waste disposal technologies and has published a Request for Proposals for commercial businesses to provide monthly monitoring information on food waste diversion, water, electrical energy, and waste water inputs and outputs associated with the businesses selected food waste processing technology; and, Whereas, the PPMPDA has chosen to collaborate with Wiserg for the trial installation of the food waste technology necessary to participate in the study with Seattle Public Utilities; and, Whereas, Seattle Public Utilities has selected the PPMPDA to participate in the aforementioned food waste study and has agreed to compensate the PPMPDA in an amount not to exceed $16,000 for quarterly reports regarding data on food waste diversion, water, electrical energy, and waste water inputs and outputs. Now, therefore be it resolved that the PDA authorizes the Executive Director to enter into contract with Seattle Public Utilities for compensation for the Market food waste diversion data in an amount not to exceed $16,000. There was a discussion that followed by the PDA Council. Ann Magnano moved, Patrice Barrentine seconded David Ghoddousi commented on the location for the Harvester, noting that he would not be in support of the resolution with the current location proposal. Matt Hanna had asked for clarification regarding the proposed resolution since it did not state a location for the trial food technology to be installed. He said that resolution appears to approve the concept of the food waste study which included collaboration with WISErg for their technology; this would lead to installation of the Harvester machine on the Market premises in which a location had not been signified. He said that there seems to be broad support of the concept by the Council Ann Magnano noted her support of the food harvester trial program concept. Betty Halfon said that she did support the general concept of the Harvester but did not support the current proposed location. She noted that the current proposed location blocks PDA Council Packet pg. 6

7 the main doorway while also blocking light into the building. She said that she would be okay with having the machine take up a parking space if the location was moved. Patrick Kerr proposed an amendment to be in favor of the food composting concept, and directing the Executive Director for further exploration of alternative location sites. David Ghoddousi seconded his motion. Bruce Burger had asked if we could authorize contract authority with Seattle Public Utilities with subsequent approval of the location within the agreement with SPU. Jim Savitt asked if we could enter into contract with SPU without a finalized location. He mentioned about the possibility of deleting the location within the contract. Ben Franz-Knight answered Bruce and Jim s questions noting that we could technically enter into contract with SPU insinuating that we would later agree upon a location for the Harvester. He added that if we had not determined the location for the trial installation of the equipment, we would not fulfill our obligations and would not receive the grant from SPU. Rico Quirindongo said he would volunteer with looking at alternative location options for the Harvester on Pike Place. Matt Hanna articulated a proposal for a friendly amendment in which Patrick Kerr could choose to accept. The amendment would state the following: Under the second to last Whereas paragraph it should state the PPMPDA has chosen to collaborate with Wiserg for the trial installation of the food waste technology necessary to participate in the study with Seattle Public Utilities at a site yet to be determined; and, in Under the last paragraph it should state that the PDA authorizes the Executive Director to enter into contract with Seattle Public Utilities for compensation for the Market food waste diversion data in an amount not to exceed $16,000 provided a location can be determined by the Council. It should state the PPMPDA approves the concept of a food waste technology pilot program at a site to be determined by future resolution prior to the last paragraph of the proposed resolution. Patrick Kerr accepted the friendly amendment, David Ghoddousi seconded Patrick Kerr and Ann Magnano accepted the friendly amendment. For: Matt Hanna, Patrick Kerr, Gloria Skouge, David Ghoddousi, Ann Magnano, Patrice Barrentine, James Savitt, Betty Halfon, Rico Quirindongo, Jackson Schmidt, Bruce Burger Against: 0 PDA Council Packet pg. 7

8 Abstained: 0 Resolution 15-56: Agreement between Seattle Public Utilities and the Pike Place Market PDA for On-Site Foodwaste Processing Demonstration Project by a vote of V. Resolutions and Other Action Items (Old and New Business) A. Consent Agenda Proposed Resolution 15-53: Authorization for Contract Authority - DEI Creative, Inc. for PDA Website Move to New Platform Proposed Resolution 15-54: Unwinding of the NMTC Financing for Leland Fairley and PPM Hillclimb Proposed Resolution 15-55: Employee Medical and Dental Coverage Proposed Resolution 15-57: Lease Proposals - August 2015 Proposed Resolution 15-58: Authorization for Contract Authority Repair and Preserve Existing Roof - Heritage House Motion to approve the Consent Agenda For: Matt Hanna, Patrick Kerr, Gloria Skouge, David Ghoddousi, Ann Magnano, Patrice Barrentine, James Savitt, Betty Halfon, Rico Quirindongo, Jackson Schmidt, Bruce Burger Against: 0 Abstained: 0 The Consent Agenda passed unanimously by the PDA Council by a vote of B. New Business C. Other VI. Further Public Comment Frank Coble briefly commented on the MarketFront project. He said that he did not agree with the timing of the project. He separately commented on his prior daystall appeal to the PDA Council noting that the decision they had made was unfair. He mentioned his frustration with the lack of heating for the daystallers during the colder months. Haley Land briefly commented on the heating issues for the daystalls. He noted that a lot of people have expressed the issue of heating in the past. He said that he was not one of those folks who had expressed the same concern over heating and did appreciate that the Market was seasonal; he added that some people may or may not like this aspect of selling in the Market. He separately inquired about the Harvester and if there would be food loaded into the machine daily. He briefly spoke about the Market Rummage Hall stating that he had written a letter to Ben and Matt about having a finished look for the space as well as improved signage. He noted that many years ago the Rummage Hall was a very active space and it was great; the current space could use improvement though. He lastly complimented the PDA Council for their recommendation to have Colleen Bowman seek appointment through the Mayor as a PDA Council member. He thanked Ben, staff and the Council on the parking improvements, congratulating David PDA Council Packet pg. 8

9 Ghoddousi on his reappointment to the PDA Council and lastly thanking Jackson and Bruce for their time on the PDA Council. Joan Paulson commented on the budget and ordinance obligations in regards to decision making; she said that in regards to process, it is lacking. She said that parking in general is not a short term decision and that we must look at long term decisions. Howard Aller mentioned the possibility of assigning the rights to our Trademark Agreement with Starbucks to the Market Foundation since they are a non- profit organization. VII. Concerns of Committee Members David Ghoddousi thanked the community for his re-election as Constituency appointed council member. Betty Halfon commented on the wraps, she wants to make sure that we are not rebranding and also wants to see if we can provide the compost byproduct to our farmers. Rico Quirindongo said that his firm DLR Group would be sponsoring a Waterfront Symposium on September 17 th ; he provided an open invitation to the PDA Council and Public for the event. Ben would like an update on the Marketing Programs Manager opening for the next committee meeting. Gloria Skouge thanked Jackson Schmidt and Bruce Burger for their service on the PDA Council. There would be recognition at the September 24 th PDA Council for Jackson and Bruce s service on the PDA Council. VIII. Adjournment The meeting was adjourned at 6:08pm. Matt Hanna, PDA Council Chair Meeting minutes submitted by: Dianna Goodsell, Executive Administrator PDA Council Packet pg. 9

10 Section II: Executive Director s Report PDA Council Packet pg. 10

11 v Executive Director s Report September 2015 Date: September 21, 2015 To: PDA Council From: Ben Franz-Knight Subject: Executive Director s Report September 2015 SUMMARY September provided a moment for the Market to breathe following an incredibly busy summer. With the conclusion of summer we had taken advantage of the early fall season to begin a number of capital projects including repair of the Heritage House/skybridge steps. The MarketFront project continues to make great progress with the tower crane installation scheduled for Sunday, September 27 th. We recently applied for a 4 Culture grant to support artist activation on the plaza as well as continued our pursuit for New Market Tax Credit investors. We continue to work with our farmers to ensure adequate access to water. Two 250 gallon water tanks were delivered to the Hmong farmers in Sammamish. We are also working with King County to ensure that plans are in place should the need arise in advance of next year s growing season. The remote market season is winding down with the last Express Markets tentatively scheduled through October. We have undertaken a review of performance for each market specifically looking at total sales for each farmer to make sure that these markets continue to support growth in the farm program. Finally, we are currently reviewing parking rates in the garage and anticipate making adjustments in early October to reduce the 4-10 hour rate and the 10 hour and over rate given additional seasonal capacity. Total volume in the Market Parking garage was up dramatically year-over-year with over 4000 additional cars parking on a short-term basis in August. We will continue to make seasonal adjustments to parking rates to ensure adequate short-term parking availability. KEY OPERATING METRICS Commercial Tenant Sales as Compared to Previous Year* Year to Date Sales (July 2015): 8% Restaurants: 15% PDA Council Packet pg. 11

12 Food: 6% Mercantile: -3% Operating Income After Required Reserves and Debt Service: Annual Goal $2,055,516 Year to Date: August 2015 $2,074,416* Farm and Daystall Attendance Change from August 2014 to August 2015 Craft -4.6% Farm -9.7% *Several charts are also attached highlighting year-over-year sales trends through July with partial sales reports for August. ** Actual performance is $799,983 over budget. Operating Income after Required Reserves and Debt Service We continue to prudently manage expenses and have seen higher than projected revenue contributing to a net result after debt service and reserves of $2,074,416. Many commercial tenants have reported record sales, especially restaurants, with some mercantile tenants reporting decreased sales over the prior year. Farm and Craft Attendance Farm attendance decreased by 9.7% in August 2015 over the previous year with a 7.9% decrease in Revenue as well. This decrease could be attributed to the record drought Washington and nearby states are experiencing. We have been diligently working with our farmers in identifying short and long term options for drought relief. Daystall attendance was down by 4.6% compared to August We have continued to see a lower number of turnaways over the last year with zero reported this August. MARKET PROGRAMS Marketing Promoted market businesses and activities via the website and social media, with 240,376 total Facebook likes, 48,064 Twitter followers, 5,410 Instagram followers, 83,973 website views and 52,392 mobile visitors. Responded to all press inquiries and continued active management and engagement on all social media platforms PDA Council Packet pg. 12

13 Continued active promotion of Market businesses and activities including promo ideas generated from the Market Programs Committee Continued to refine Holiday marketing plans Hosted 6 commercial film shoots and 2 promotional film shoots in August Farm and Daystall Continuation of employee CSA Program including extended CSA Partnership with King County Healthy Incentives Continued to manage summer Express Markets at Virginia Mason, Pioneer Square, City Hall, South Lake Union and Microsoft Commons. Worked closely with daystall and craft community to address parking concerns and further identify parking opportunities Continue to track impacts of warm temperatures and lower water tables Market Programs Committee Key Actions and Discussions Review of Holiday Campaign including discussion of Magic in the Market and Saturday Holiday Activities Heard Update on Behind the Table Community Event scheduled for October 23 rd Reviewed Building for Culture: Arts Cultural Facilities Grant Application FINANCE AND ASSET MANAGEMENT Finance and Accounting Department Processed all payables and receivables Annual State Audit will be commence in late September Commenced initial internal review and preparation of draft 2016 Budget Residential Continue to lease available units, Market-wide occupancy rate at 98% through August Hosted Microsoft volunteer group that contributed valuable community service hours to clean common areas and provide computer support to tenants in the Stewart House and Livingston Baker Coordinated move-ins achieving nearly full occupancy Commercial Processed new leases, lease renewals and options Continued successful booking of events in Economy rooms and Atrium Kitchen Continued enforcement of active line-management requirements for tenants with long-lines adjacent to other businesses Capital Projects Sought bids and prepared recommendations for Heritage House Cladding work Assisting with review and coordination of TI work in First and Pine, Economy Atrium and Western Ave Commenced repair of Heritage House/Skybridge steps Installed new lighting on Pine Street steps Finalized summary of 30 Year Capital Project Status for September FAM meeting PDA Council Packet pg. 13

14 Parking Garage revenue through August was up 18% over budget projections Revenue from the surface parking lots through August was roughly 13% higher than budget projections Reviewed parking rates in advance of seasonal adjustments Continued to coordinate alternative parking options for market merchants with the assistance of Randy Brehm at Republic Parking Continued to closely tracked garage usage by hour and day to gauge impacts Maintenance and Facilities Coordinated apartment turn-over work and responded to calls for service throughout the Market Assisted with higher volume of visitors, street use and restroom use during special events Garbage tonnage for August was approximately 175 tons; 45 tons less than the previous year Mixed recycling was 610 tons with 234 yards of compost processed in August 269 miles of toilet paper used in August Melted 16 tons of ice in the fish ice melting station 69 bales of cardboard recycled in August Security Conducted routine patrols and provided support for filming and events Managed high peak summer month crowds and activity in the Market Assisted with special event management Responded to calls for service in the Market, fire alarms and requests for assistance ( e.g. commercial tenant after hours building access) Finance and Asset Management Committee - Key Actions and Discussion Review of the Financial Statements for August 2015 Reviewed 2016 Budget Review and Approval Schedule Reviewed location options for WISErg Harvester trial program including approval of proposed location Heard update on Commercial and Residential property activity Approved: Proposed Resolution 15-62: Authorization for Contract Authority Rehabilitation of Heritage Building Cladding Experienced Construction Approved: Proposed Resolution 15:63: Lease Proposals for September Lease Renewal with Pastakia & Associates, LLC, Polish Pottery Place and Ugly Baby & La Ru MARKETFRONT Construction efforts proceeding on schedule overall and within budget Shoring operation progressing with the work on the final shoring piles underway Excavation continues with large volumes of dirt removal everyday All the piles for the tower crane have been drilled, the tower crane foundation pours on September 23 and the tower crane installation is scheduled for Sunday, September 27 Continued to conduct community outreach regarding construction activity PDA Council Packet pg. 14

15 MarketFront - Key Actions and Discussion Reviewed MarketFront Construction, Schedule & Budget Discussed MarketFront Signage and Plaza Programming opportunities Received monthly update on Pike Place MarketFront Capital Campaign Approved: Proposed Resolution 15:61: MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt PDA Employee September 2015 Anniversaries: 25 yrs. David Ott (Maintenance) 21 yrs. Scott Davies (Marketing) 20 yrs. Wayne Porter (Maintenance) 12 yrs. Daniel Reddin (Facilities) 9 yrs. Tamra Nisly (Capital Projects) 6 yrs. Fritz Scharer (Security) 5 yrs. Diego Sanchez (Facilities) 3 yrs. Emily Crawford (Directors) 2 yrs. Catherine Silva (Commercial) 1 yr. Patrick Baah (Facilities) 1 yr. Laray Gaither (Facilities) 1 yr. Sarah Leaptrot (Events) 1 yr. Aubree Wilson (Events) PDA Council Packet pg. 15

16 Commercial Sales Comparison (thru July 2015) PREVIOUS YEAR CURRENT YEAR FOOD PDA Council Packet pg. 16

17 MERCANTILE RESTAURANTS PDA Council Packet pg. 17

18 Section III: Key Presentations & Supporting Documents PDA Council Packet pg. 18

19 Section IV: Consent Agenda Items PDA Council Packet pg. 19

20 PROPOSED RESOLUTION MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt September 2015 WHEREAS, WHEREAS WHEREAS, WHEREAS, WHEREAS, the Pike Place Market Preservation and Development Authority ( PPMPDA ) was chartered by the City of Seattle pursuant to RCW et. seq with the mission of, among other things, preservation and rehabilitation of the structures and open spaces in the Market Historic District, and: in order to maintain the viability of the Pike Place Market and the PPMPDA has undertaken an effort to identify and address issues and opportunities related to the design of the Central Waterfront and the development of parcels adjacent to the Market including PC-1N that may directly affect the future of the Market. the PPMPDA has determined that Building Envelope Inspections Services are required for monitoring during construction for the MarketFront project; and, the PPMPDA executed a public process to select Wetherholt to provide building envelope and inspection services; and, the PPMPDA has successfully completed negotiations with Wetherholt to establish the scope and budget for the required building envelope and waterproofing scope of work necessary to complete the construction monitoring and is now ready to enter into a contract for services in an amount not to exceed $180,000. NOW, THEREFORE, BE IT RESOLVED that the PPMPDA Council authorizes the PPMPDA Executive Director or his designee to enter into a contract with Wetherholt in an amount not to exceed $180,000 for their building envelope and inspection services for the MarketFront project. The funds for this project will be drawn from MarketFront Project Funds Account Gloria Skouge, Secretary/Treasurer Date Date Approved by Council: For: Against: Abstained: PDA Council Packet pg. 20

21 PROPOSED RESOLUTION Authorization for Contract Authority Rehabilitation of Heritage Building Cladding Experienced Construction September 2015 WHEREAS, WHEREAS, WHEREAS, the Pike Place Market Preservation and Development Authority (PPMPDA) was chartered by the City of Seattle pursuant to RCW et. Seq with the mission of promoting enterprises essential to the functioning of the Pike Place Market, including the preservation and expansion of the lowincome residential community, the promotion and survival of small businesses, and the expansion of services to the public market and community; and, in order to maintain the viability of the Pike Place Market buildings the PPMPDA has determined that the Heritage building cladding is in need of repair; and, the PPMPDA has executed a competitive bid process to perform the necessary scope to repair, protect and preserve the Heritage building existing cladding; and, NOW, THEREFORE BE IT RESOLVED that the PPMPDA Council authorizes the PPMPDA Executive Director or his designee to enter into a contract with Experienced Construction Inc. in an amount not to exceed $159,587 for their services in rehabilitation of the Heritage building cladding. The funds for this project will be drawn from the Capital Projects Budget, 2015 Heritage Bldg. Envelope (Cladding) Protection - GL Gloria Skouge, Secretary/Treasurer Date Date Approved by Council: For: Against: Abstained: PDA Council Packet pg. 21

22 Account: Project: Project Scope: COMGAR HERITAGE BLDG Repair and paint exterior cladding of the Heritage Building (WALLS) The scope includes targeted rehabilitation of existing EFFIS/Stucco cladding. Proposed Schedule: PC1 s Dirt work completion Nov 2015 Project Support: Areas of exterior walls show signs of water intrusion. Prevent further losses due to exposure to elements. This represents the minimal scope of work needed to preserve existing asset and extend performance. Bid Process: 5 Contractors were solicited. 3 Contractors responded. PDA received 1qualified bid. Experienced Construction: $138,771 ($159,587 w/ Taxes and 15% Contingency) Novo Painting: Responded but did not submit Grund: Responded but did not submit Reed Painting: Non-Responsive Jergens: Non-Responsive PDA Council Packet pg. 22

23 PROPOSED RESOLUTION Lease Proposals September 2015 Tenant Term Start Date Pastakia & Associates, LLC Three (3) Years September 1, 2015 Tejal Pastakia Polish Pottery Five(5) Years October 1, 2015 Hanna Tabaczynski & Margaret Rzymowska Ugly Baby & La Ru Two (2) Years October 1, 2015 Rosalie Gale & Lauren Rudeck Gloria Skouge, Secretary/Treasurer Date Date Approved by Council: For: Against: Abstained: PDA Council Packet pg. 23

24 Lease Summary Date: September 21, 2015 Business Name/Owner: Pastakia & Associates, LLC / Tejal Pastakia Address/Building/Square feet: 94 Pike Street / Corner Market / 929 sf Tenant Since: Since 2012 Primary Term: Three (3) Years Options: Two (2) Years Use Description: Office Use Specializing in real estate development and consulting services Business Name/Owner: Polish Pottery Place / Hanna Tabaczynski & Margaret Rzymowska Address/Building/Square feet: 1501 Pike Place #55 / Leland / 1,200 sf Tenant Since: Since 2004 Primary Term: Five (5) Years Options: N/A Use Description: Polish Pottery and related merchandise Business Name/Owner: Ugly Baby & La Ru / Rosalie Gale & Lauren Rudeck Address/Building/Square feet: 1430 Western Ave / La Salle / 656 sf Tenant Since: Since 2012 Primary Term: Two (2) Years Options: Three (3) Years Use Description: Artist studio and retail sale of local art, primarily created by the owners PDA Council Packet pg. 24

25 Section V: New Business Items PDA Council Packet pg. 25

26 PROPOSED RESOLUTION Election of PDA Officers, Committee Chairs and Vice Chairs, and Council-selected Councilmember September 2015 WHEREAS, WHEREAS, WHEREAS, the PDA Council annually elects its officers and approves the appointment of PDA Council Committee Chairs and Vice Chairs for one year terms, and each year the PDA Council selects a member of the Council to serve a four year term subject to approval by the Seattle City Council of such selection; and, the PDA Council approved Resolution in October 2013 restructuring council committees; and, the Nominating Committee has unanimously recommended the following Councilpersons to serve as Officers and as Chairs and Vice Chairs of PDA Council Committees for a one year term beginning on July 1, 2015 through June 30, 2016, and as a Council-selected Councilmember for a four year term beginning July 1, 2015 to June 30, 2019; and, NOW, THEREFORE, BE IT RESOLVED that the PDA Council elects the following officers for a one year term from July 1, 2015 to June 30, 2016: Chair Vice Chair Secretary/Treasurer Matt Hanna Patrick Kerr Gloria Skouge AND, BE IT FURTHER RESOLVED that the PDA Council appoints the following chairs and vice-chairs of its standing committees for a one year term beginning from July 1, 2015 to June 30, 2016: Committee Chair Vice Chair Finance & Asset Management Gloria Skouge Ann Magnano Market Programs Betty Halfon Patrice Barrentine MarketFront Rico Quirindongo Jim Savitt AND, BE IT FURTHER RESOLVED that the PDA Council elects Ann Magnano and David Ghoddousi as the two at-large members of the Executive Committee for a one year term beginning July 1, 2015 to June 30, AND, BE IT FURTHER RESOLVED that the PDA Council selects Ray Ishii as a Council-selected councilmember for a four year term beginning July 1, 2015 to June 30, Gloria Skouge, Secretary/Treasurer Date Date Approved by Council: For: Against: Abstained: PDA Council Packet pg. 26

27 Section VI: PDA Committee Minutes PDA Council Packet pg. 27

28 , May 26 th Market Programs Committee Draft Meeting Minutes Pike Place Market Preservation and Development Authority (PDA) Tuesday, August 8th, :00 p.m. to 6:00 p.m. The Classroom Committee Members Present: Betty Halfon, Patrice Barrentine, Gloria Skouge, David Ghoddousi Other Council Members Present: Patrick Kerr Staff Present: Ben Franz-Knight, David Dickinson, Scott Davies, James Cornell, Dianna Goodsell Others Present: Howard Aller, David Kenagy, Miranda Marks, Sharon Shaw The meeting was called to order at 4:00p.m. by Betty Halfon, Chair. I. Administration A. Approval of the Agenda The agenda was approved by Acclamation B. Approval of the August 11 th, 2015 Meeting Minutes. The minutes were approved by acclamation. II. Announcements and Community Comments None III. IV. Programs and Marketing Director s Report A. Programs & Promotions Update Ben Franz-Knight briefly discussed the recent media relations and programming activities for the Market in place of the Marketing Director s absence. Presentation and Discussion Items A. Review of Magic in the Market and Saturday Holiday Activities Betty Halon, Chair of the Committee reviewed the holiday preparations in the Market including Magic in the Market and Saturday festivities. She briefly reviewed an outline of the activities scheduled around the holiday season. A summary of the holiday activity schedule was as follows: Magic in the Market Holiday Activities on Saturday, November 28 ( Small Business Saturday ) Free cookie decorating for kids/families in Atrium Kitchen PDA Council Packet pg. 28

29 Figgy Pudding caroling teams at busker spot under clock and sign STRUM ukulele acoustic band in Atrium Santa and elf on cobblestones Market Spice, Indi chocolate and other commercial tenants TBD with booths on street Farm table or two on street, TBD Market Carrot and Strawberry roaming Market together, passing out pins made by craftsperson Graig Anderson, stickers for kids and handout with Magic in the Market activities Tree lighting ceremony with Santa at 5 pm Saturdays in December Holiday Activities Free holiday themed cooking demos in Atrium Kitchen with 4 different chefs High school Jazz band quartets in Atrium Possibility of Sasquatch photo booth Atrium 2-4 p.m., Sasquatch makes rounds in the Market, passing out pins made by craftsperson Graig Anderson, stickers for kids, taking pictures/selfies! with visitors Sasquatch hopefully inhabited by an Unexpected Productions improvisation artist Marketing to create holiday gift guide featuring gift/specialty foods available at Info booth, distributed electronically and available on website Getting the word out: Activities/events will be promoted through traditional media via Richmond PR Social media platforms Homepage of Pike Place Market.org will feature all activities General Advertising campaign will also direct people to homepage where they will see activities Posters and postcards will be made available to PDA tenants to post/distribute in store B. Behind the Table Community Event Update Miranda Marks and Sharon Shaw provided an update on the Behind the Table Community Event which is scheduled to take place on Friday, October 23 rd, 6:00 p.m. in the Economy event spaces. Sharon Shaw provided a background of the genesis of the event. She said that there were 32 people who have already accessed the Safety Net with $18k distributed throughout the Market community. PDA Council Packet pg. 29

30 Sharon said that the Behind the Table event is one of the first events that actually involves the entire Market. She added that Folks that access the funds come from all facets of the Market. C. Building for Culture: Arts Cultural Facilities Grant Application Ben Franz-Knight presented a review of the Arts Cultural Facilities Grant Application including an opportunity for committee members to ask specific questions surrounding the concept and future of the art program at the Market. The grant request would be roughly $224,000 which would support the infrastructure for the art concept. The grant application included a glass blowing station concept which artists could demonstrate their craft. David Dickinson discussed the opportunity of having an artist demonstration station at the Market as well as potential ideas to incorporate into the program. Sharon Shaw vocalized her ideas in involving the art grant project as a means to help support the Community Safety Net as well. Patrice Barrentine noted that this is a very nice space to add. She mentioned the idea of having an enclosed studio space to utilize on a rainy day. She was concerned with the weather impacts with the current location of the space though and keeping the art space activated. David Ghoddousi said his concern with the art concept was with the location and blocking the walkway on the plaza. V. Action Items None VI. VII. Resolutions to be added to Consent Agenda None Concerns of Committee Members Patrice Barrentine asked about the status of the recent Marketing Specialist position posted at the Pike Place Market PDA. David Ghoddousi asked about the current PDA Marketing Director functions and keeping it aligned with the Daystall and farm oversight. VIII. IX. Public Comment None Adjournment The meeting was adjourned at 4:44 pm by Betty Halfon, Chair PDA Council Packet pg. 30

31 Meeting minutes submitted by: Dianna Goodsell, Executive Administrator PDA Council Packet pg. 31

32 MarketFront Committee Draft Meeting Minutes Thursday, September 10 th, :00 p.m. to 6:00 p.m. Elliott Bay Room Committee Members Present: Rico Quirindongo, Jackson Schmidt, John Finke, David Ghoddousi Other Council Members Present: Gloria Skouge Staff Present: Ben Franz-Knight, Lillian Sherman, David Dickinson, Dianna Goodsell Others Present: Justine Kim, Carrie Holmes, Howard Aller, Wendy Paul, Bob Messina, Bo Zhang The meeting was called to order at 4:13p.m. by Rico Quirindongo, Chair. I. Administration A. Approval of the Agenda Proposed Resolution 15-61: MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt was added as Item A under Section V. The agenda, as amended, was approved by Acclamation II. III. IV. Announcements and Community Comments Public Comment None Key Issues and Discussion Items Jim Savitt entered into the meeting at 4:10 p.m. A. MarketFront Construction, Budget & Schedule Update Justine Kim, Project Manager and Ben Franz-Knight provided a review of the MarketFront Construction progress. She presented several images of the construction taking place at the project site including the complex lagging and excavation work. She noted that 50 percent of the digging has been completed already. She reported on some minor findings on the site location including a perforated pipe on the North site along the Unico garage as well as a few artifacts that were tested by archeologists. Ben briefly spoke of the piping discovered along the property which appears to be used for draining from the Unico garage; he said we are tracking the work and costs related to this finding while confirming the origin of the pipe. Ben separately noted that the tower crane was scheduled to be delivered to the project site a week later than planned on September 27 th. PDA Council Packet pg. 32

33 John Finke had asked about including a live camera at the project construction site that could be viewable by the public. B. MarketFront Signage Ben Franz-Knight opened the discussion to the Committee regarding signage for the MarketFront. He briefly mentioned options to pursue regarding signage including extending the current wayfinding signage to the MarketFront and creating new signage facing West of the site. He asked for committee direction on how to proceed with this phase of the project design since signage was a separate component from construction. There was a discussion that followed by the Committee. V. Action Items and Reports A. Action Item: Proposed Resolution 15-61: MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt Justine Kim introduced the resolution which states that the Pike Place Market Preservation and Development Authority ( PPMPDA ) was chartered by the City of Seattle pursuant to RCW et. seq with the mission of, among other things, preservation and rehabilitation of the structures and open spaces in the Market Historic District, and: Whereas, in order to maintain the viability of the Pike Place Market and the PPMPDA has undertaken an effort to identify and address issues and opportunities related to the design of the Central Waterfront and the development of parcels adjacent to the Market including PC-1N that may directly affect the future of the Market. Whereas, the PPMPDA has determined that Building Envelope Inspections Services are required for monitoring during construction for the MarketFront project; and, Whereas, the PPMPDA executed a public process to select Wetherholt to provide building envelope and inspection services; and, Whereas, the PPMPDA has successfully completed negotiations with Wetherholt to establish the scope and budget for the required building envelope and waterproofing scope of work necessary to complete the construction monitoring and is now ready to enter into a contract for services in an amount not to exceed $180,000. Now, therefore be it resolved that the PPMPDA Council authorizes the PPMPDA Executive Director or his designee to enter into a contract with Wetherholt in an amount not to exceed $180,000 for their building envelope and inspection services for the MarketFront project. The funds for this project will be drawn from MarketFront Project Funds Account Jackson Schmidt moved, John Finke seconded There was a brief discussion that followed. PDA Council Packet pg. 33

34 John Finke had asked if the proposed expenditure was in addition to what had been budgeted for the MarketFront project. Justine Kim clarified that the proposed expenditure was part of the original budget package approved by the PDA Council. For: Rico Quirindongo, David Ghoddousi, Jackson Schmidt, John Finke Against: 0 Abstained: 0 Resolution 15-61: MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt passed unanimously by the Committee by a vote of B. Report from Stakeholders Group Haley Land was not present to report on the Stakeholders group. Lillian Sherman, Executive Director of the Market Foundation provided a brief update on the Pike Place Market Capital Campaign. She said we have hit the 3 million mark since groundbreaking. She added that the campaign would be ramping up for the fall and holiday season. VI. VII. Items for the Consent Agenda Resolution 15-61: MarketFront Project (PC1N) Building Envelope Inspection Services Wetherholt was placed under the Consent Agenda. Public Comment Bob Messina commented on the MarketFront signage. He noted that it would make sense to incorporate the existing wayfinding signage from the Market to connect the MarketFront. He presented an idea regarding signage for the MarketFront. He noted that rather than thinking of large and iconic signage for the MarketFront, we could have the signage placed above the Desimone Bridge with lettering similar to Cutters nearby. He said the wording for the signage is going to be the fun and competitive part of the design. He mentioned the possibility of the sign saying Pike Place Public Market. He lastly noted that the key is going to be the size of the and the wording of the sign. Howard Aller noted that he was pleased that there was consensus with the extension of the current wayfinding at the MarketFront. He noted that there does need to be public input involved with the signange design. Wendy Paul noted that she was a resident of the Market. She commented on the proposed art concept at the MarketFRont site noting that she would like to see it placed in a permanent structure. VIII. IX. Concerns of Committee Members None Adjournment The meeting was adjourned at 5:03pm by Rico Quirindongo, Chair PDA Council Packet pg. 34

35 Meeting minutes submitted by: Dianna Goodsell, Executive Administrator PDA Council Packet pg. 35

36 Magic in the Market Holiday Activities on Saturday, November 28 ( Small Business Saturday ) Free cookie decorating for kids/families in Atrium Kitchen Figgy Pudding caroling teams at busker spot under clock and sign STRUM ukulele acoustic band in Atrium Santa and elf on cobblestones Market Spice, indi chocolate and other commercial tenants TBD with booths on street Farm table or two on street, TBD Market Carrot and Strawberry roaming Market together, passing out pins made by craftsperson Graig Anderson, stickers for kids and handout with Magic in the Market activities Tree lighting ceremony with Santa at 5 pm Saturdays in December Holiday Activities Free holiday themed cooking demos in Atrium Kitchen with 4 different chefs High school Jazz band quartets in Atrium Sasquatch photo booth Atrium -? 2-4 p.m., Sasquatch makes rounds in the Market, passing out pins made by craftsperson Graig Anderson, stickers for kids, taking pictures/selfies! with visitors Sasquatch hopefully inhabited by an Unexpected Productions improv artist Marketing to create holiday gift guide featuring gift/specialty foods available at Info booth, distributed electronically and available on website Getting the word out: Activities/events will be promoted through traditional media via Richmond PR Social media platforms Homepage of Pike Place Market.org will feature all activities General Advertising campaign will also direct people to homepage where they will see activities Posters and postcards will be made available to PDA tenants to post/distribute in store PDA Council Packet pg. 36

37 30-Year Capital Needs Assessment Projects Status PDA Council Packet pg. 37

38 2014 Completed CNA Projects Corner Market Replace LED light fixtures (Maintenance) $15,842 Economy Market Retrofit clocks with new gears and electronic controls $4,365 Fairley Building Lower Level (Down Under) painting with MHC approved colors $29,554 (Fairley & Leland) Repair and Paint - Exterior Buttress wall & wood bumps $217,000 Leland Building Replace and repaint all fascia panels and medallions $18,000 Sanitary Market Replace all residential awnings $32,581 Replace glass skylights and frame over sidewalk $4,285 Soames-Dunn Repair and repaint marquee fascia and panels $2,526 Paint exterior windows and cladding $30,464 Stewart House Design and install HVAC unit on rooftop $248,142 Install new locker units at day-stall storage $87,176 Repaint and replace tenant bathroom fixtures (Rummage Hall) $14,000 Triangle Market Replace marquee gutter system and downspouts $9,350 Total $713,286 PDA Council Packet pg. 38

39 Other 2014 Completed Capital Projects 1st and Pine Building Replace all residential refrigerators $97,387 New windows installation (whole building) $165,012 Economy Market Installation Post Alley Commercial Doors $22,000 Install new Atrium gourmet kitchen $285,000 Garage Installation of elevator cameras inside hoist cab $23,685 Pressure wash and seal concrete structure $41,780 Install additional security cameras in 13 locations $26,777 LaSalle Hotel Install cameras in residential commons $5,000 Leland Building Leland elevator repair $4,461 Soames-Dunn Develop & design retaining wall and new seating $3,940 Total Other Capital Projects $675,042 PDA Council Packet pg. 39

40 2015 Capital Needs Assessment Projects Corner Market Repaint and replace tenant bathroom fixtures (Storyville coffee) $14,000 Economy Market Sand and refinish wood floors $18,878 Fairley Building Sand and refinish wood floors $35,000 Repair and repaint exterior building windows and cladding $778,673 Modernization of freight elevators $240,465 LaSalle Hotel Repair and repaint exterior building windows and cladding $138,572 Paint storefront (Maintenance) $12,895 Replace PVC roof over Pike Place Fish $21,621 Replace LED Fixtures (Maintenance) $40,000 Leland Building Sand and refinish wood floors $24,420 Repair and repaint exterior building windows and cladding $161,996 Sanitary Market Repair and repaint exterior building windows and cladding $47,300 Soames-Dunn Repaint of Storefront (Maintenance) $36,666 Triangle Market Replace marquee gutter system and downspouts $6,396 On Schedule Economy Market Restore the storefronts and paint upper and lower windows $-- Fairley Building Replace Lowell's and elevator PH roofs $-- Livingston-Baker Install new metal stair rails to replace old wood rails $-- Total $1,576,882 PDA Council Packet pg. 40

41 Other 2015 Projects Economy Market Replace trash room floor with hard surface $5,861 Install new storage door in atrium $1,977 Garage Upgrade Skidata parking machines and network in garage $41,483 Install new hoist way cables at skybridge elevator $8,063 Adjust garage entrance for larger trucks $125,000 Upgrade server IP and cameras system $46,788 Install elevator "Traveler" for hoist cab & cameras $22,000 Leland Building Restore "Meet the Producer" sign $9,858 Soames-Dunn Sand and refinish wood floors $8,500 Install new craft storage lockers $9,995 Stewart House Existing tenant improvement: Tobacco Patch $96,500 In Process 1st and Pine Building Retrofit for new tenant: Old Stove Brewery $-- Fairley Building Installation of trash chute exhaust ventilation (child daycare) $-- Garage Repair and repaint of skybridge stair rails and landing $-- Repair and recoat existing Heritage building roof $-- Replace with new LED fixtures - (rebate program) $-- Repair and recoat existing Heritage building cladding walls $-- Livingston-Baker Install new dryer venting collection in laundry room $-- Develop garbage enclosure $-- Total $376,025 PDA Council Packet pg. 41

42 Section VII: Financials & Additional Enclosures PDA Council Packet pg. 42

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52 Monthly Executive Summary Pike Place MarketFront September 2015 Permitting Master Use Permit issued Early Works Permit issued Building Permit anticipated late September South Site Permit issued Street Improvement Permit 90% currently in review Bidding All bidding for south site and base building work is complete. Bidding for housing to occur 4 th Quarter Construction Progress Notice to Proceed for Sellen was issued June 9, Substantial Completion is December 2, Sellen mobilized to the site June 15, Installation of shoring piles and tie-backs on the south and east side of site complete. Installation of shoring piles and tie-backs on the north side underway and completed by the end of the month. Mass excavation continues. Installation of the drilled piers underway. Tower crane base installed 9/18 with full tower crane installation scheduled for 9/27. Next Month Construction Activities Continue mass excavation and installation of drilled piers. PDA Council Packet pg. 52

53 Project Photos September 2015 PDA Council Packet pg. 53

54 PDA Council Packet pg. 54

55 Project Flow of Funds On the next page is a high level outline of the projected flow of funds for the project through project completion. Flow of funds will continue to be updated as the project progresses. Project Budget Summary Following the Flow of Funds is the project budget summary to be updated monthly as the project progresses. PDA Council Packet pg. 55

56 MarketFront PROJECT FLOW OF FUNDS September 09, 2015 (GL thru August '15) PROJECT SUMMARY SCHEDULE Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 PROJECTED CASH FLOW (adjusted for 6/2015 Construction Start) TOTALS 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 A/E Design $ 377,022 $ 68,868 $ 208,296 $ 189,834 $ 876,598 $ 198,946 $ 428,248 $ 688,146 $ 41,746 $ 300,060 $ 200,578 $ 199,578 $ 200,137 $ 200,603 $ 325,000 $ 460,899 $ 4,964,559 GCCM Precon $ - $ - $ - $ 55,729 $ 77,643 $ 73,579 $ 25,595 $ 87,453 $ 110,000 $ 40,000 $ - $ - $ - $ - $ - $ - $ 470,000 Miscellaneous Soft Costs $ 164,786 $ 56,905 $ 157,819 $ 99,595 $ 134,495 $ 251,610 $ 133,131 $ 217,454 $ 123,774 $ 463,373 $ 683,349 $ 1,103,059 $ 1,609,501 $ 1,603,683 $ 1,409,365 $ 3,234,735 $ 11,446,633 Construction $ - $ - $ - $ - $ - $ - $ - $ - $ 4,196,966 $ 9,523,353 $ 11,151,637 $ 14,822,598 $ 11,786,188 $ 3,401,316 $ 54,882,058 Quarterly Total $ 541,807 $ 125,773 $ 366,114 $ 345,158 $ 1,088,735 $ 524,136 $ 586,974 $ 993,053 $ 275,520 $ 803,433 $ 5,080,893 $ 10,825,990 $ 12,961,275 $ 16,626,884 $ 13,520,553 $ 7,096,950 Cumulative TOTAL $ 541,807 $ 667,580 $ 1,033,695 $ 1,378,853 $ 2,467,588 $ 2,991,724 $ 3,578,698 $ 4,571,752 $ 4,847,272 $ 5,650,705 $ 10,731,598 $ 21,557,588 $ 34,518,863 $ 51,145,747 $ 64,666,300 $ 71,763,250 $ 71,763, TOTALS 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 A/E Design $ 377,022 $ 68,868 $ 208,296 $ 189,834 $ 876,598 $ 198,946 $ 428,248 $ 684,784 $ 32,680 $ 252,298 $ 103,796 $ 3,421,370 GCCM Precon $ - $ - $ - $ 55,729 $ 77,643 $ 73,579 $ 25,595 $ 87,453 $ 108,229 $ 41,771 $ 14,749 $ 484,750 Miscellaneous Soft Costs $ 164,786 $ 56,905 $ 157,819 $ 99,595 $ 134,495 $ 251,610 $ 133,131 $ 219,512 $ 119,438 $ 345,653 $ 232,389 $ 1,915,331 Construction $ - $ - $ - $ - $ - $ - $ 31,346 $ 1,656,245 $ 1,687,591 ACTUAL CASH FLOW Quarterly Total $ 541,807 $ 125,773 $ 366,114 $ 345,158 $ 1,088,735 $ 524,136 $ 586,974 $ 991,750 $ 260,346 $ 671,067 $ 2,007,179 $ - $ - $ - $ - $ - Cumulative TOTAL $ 541,807 $ 667,580 $ 1,033,695 $ 1,378,853 $ 2,467,588 $ 2,991,724 $ 3,578,698 $ 4,570,449 $ 4,830,795 $ 5,501,863 $ 7,509,042 $ 7,509,042 $ 7,509,042 $ 7,509,042 $ 7,509,042 $ 7,509,042 $ 7,509,042 FLOW OF FUNDS (adjusted for 6/2015 Start) TOTALS (Qtr funds available/qtr funds billed) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 City of Seattle (funds available) $ 155,859 $ 104,759 $ 200,736 $ 219,452 $ 319,195 $ 2,200,000 $ - $ 100,000 $ - $ - $ 6,800,000 $ - $ 10,000,000 $ 6,700,000 $ 7,200,000 $ - $ 34,000,000 Billed/Paid $ 155,859 $ 104,759 $ 200,736 $ 219,452 $ 365,651 $ 582,435 $ 875,959 $ 740,566 $ - $ - $ 3,245,416 Remaining (current) $ - $ - $ - $ - $ (46,456) $ 1,571,109 $ 695,150 $ 54,584 $ 54,584 $ 54,584 WSDOT (funds available) $ 1,000,000 $ - $ - $ - $ - $ - $ - $ 2,500,000 $ - $ - $ - $ 2,500,000 $ 6,000,000 Billed/Paid $ - $ - $ - $ 119,109 $ 228,011 $ - $ - $ 351,492 $ 260,184 $ 671,230 $ 1,630,027 Remaining (current) $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 880,891 $ 652,880 $ 652,880 $ 652,880 $ 2,801,387 $ 2,541,203 $ 1,869,973 PDA (funds available) $ 521,101 $ 48,970 $ - $ - $ - $ - $ - $ - $ - $ - $ 2,429,929 $ 3,000,000 Billed/Paid $ 521,101 $ 48,970 $ - $ - $ - $ - $ - $ - $ - $ - $ 570,071 Remaining (current) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Housing Grant (funds available) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,100,000 $ 4,000,000 $ 2,100,000 $ 9,200,000 Billed/Paid $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Remaining (current) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Philanthropy (funds available) $ 3,000,000 $ 3,000,000 $ 6,000,000 New Market Tax Credit (funds available) $ - $ - Other Grants - State Funds (funds available) $ - $ 500,000 $ 500,000 PDA Bond Sales $ 9,500,000 $ 3,000,000 $ 563,250 $ 13,063,250 Funds Available - Quarterly Total $ 1,676,959 $ 153,729 $ 200,736 $ 219,452 $ 319,195 $ 2,200,000 $ - $ 2,600,000 $ - $ - $ 6,800,000 $ 12,000,000 $ 13,000,000 $ 15,229,929 $ 12,263,250 $ 5,100,000 Funds Available - Cumulative TOTAL $ 1,676,959 $ 1,830,688 $ 2,031,424 $ 2,250,876 $ 2,570,071 $ 4,770,071 $ 4,770,071 $ 7,370,071 $ 7,370,071 $ 7,370,071 $ 14,170,071 $ 26,170,071 $ 39,170,071 $ 54,400,000 $ 66,663,250 $ 71,763,250 $ 71,763,250 Billed/Paid to Date (Quarterly) $ 676,959 $ 153,729 $ 200,736 $ 338,561 $ 593,662 $ 582,435 $ 875,959 $ 1,092,058 $ 260,184 $ 671,230 $ - $ - $ - $ - $ - $ - Billed/Paid to Date (Cumulative) $ 676,959 $ 830,688 $ 1,031,424 $ 1,369,985 $ 1,963,648 $ 2,546,082 $ 3,422,041 $ 4,514,100 $ 4,774,284 $ 5,445,514 $ 5,445,514 MARGIN - Funds Available to Funds Billed $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 880,891 $ 606,423 $ 2,223,989 $ 1,348,030 $ 2,855,971 $ 2,595,787 $ 1,924,557 $ - $ - $ - $ - $ - $ - PDA Council Packet pg. 56