HomeMy WebLinkAbout08-10-2015 Adopted ED Minutes SUMMARY MINUTES OF THE ECONOMIC DEVELOPMENT
COMMITTEE
DUBLIN
REGULAR MEETING - August 10, 2015
A regular meeting of the Economic Development Committee was held on August 10, 2015, in
the City Manager's Conference Room of the Dublin Civic Center. The meeting was called to
order at 12:12 PM by Mayor Haubert.
1. Call to Order
PRESENT: Mayor Haubert and Councilmember Biddle
ABSENT: None
2. Public Comment
No comments were made by any member of the public.
3. Minutes of the Standing Economic Development Committee Special Meeting of June
22, 2015
ACTION: By Consensus, the Committee approved the minutes of the special meeting of June
22, 2015.
4. Update by Jones Lang LaSalle—Jim Peterson, Senior Vice President; and Trent M.
Barmby, Senior Vice President
Jones Lang LaSalle gave a verbal presentation on the San Francisco Bay Area office
development market, with a specific focus on Site 15A, which they are marketing on behalf of
Alameda County. They have a two-year listing agreement with Alameda County and are
seeking to recruit a user for the key site. They are promoting the site as the "Tri-Valley Concept
Campus" and shared the informational website (www.tvccdublin.com) and marketing material
they created to promote the site and discussed recent office market trends in the Tri-Valley
region and beyond including San Francisco and Silicon Valley.
ACTION: None.
5. Request for Participation in the Small Business Assistance Program
Staff presented the Committee with a request for participation in the Small Business Assistance
Program. Stanforth Holding Company is requesting assistance to fund a trash enclosure
expansion in the amount of$75,000 for Grafton Street Shopping Center.
ACTION: The Committee made a motion to not exceed one third of the requested grant amount,
which would equal no more than $25,000.
6. New Transit Occupancy Tax (TOT) Incentive
Staff presented the Committee with an overview of trends for establishing transit occupancy tax
incentive programs to encourage hotel construction. Typically, these programs are developed
in communities with strong tourism markets and convention centers (such as Palm Springs or
Anaheim) and seek to incentivize the construction of new resort-quality hotels. The programs
typically operate as a rebate which is paid to the developer to reimburse a portion of their costs.
Staff is exploring whether the establishment of such a program may help incentivize the
construction of new hotels in Dublin, specifically a hotel which could address a regional market
need such as a four-star hotel near transit.
ACTION: The Committee heard the presentation and asked for a future update after more staff
and market research is completed.
7. Key Protects Update
Staff provided a verbal update on recent development activities in Dublin, including recent
openings at Persimmon Place, as well as an update on construction activities. Staff also
discussed the upcoming opening of the new Tesla showroom in Downtown, as well as planned
tenant improvements to Dublin Place. Staff also mentioned that a new Starbucks drive-through
is under construction at Fallon Gateway.
ACTION: None.
8. Update on Regional Organizations
Staff provided a verbal report on recent and upcoming activities associated with regional
economic development groups. Highlights included the recent Innovation Forum, sponsored by
Innovation Tri-Valley. Dublin-based Callidus Cloud attended the event in an effort to highlight
their recent expansion in Dublin. The East Bay Economic Development Alliance (EBEDA) held
a luncheon focused on real estate market trends and invited local planning officials to attend.
Community Development Director Luke Sims was able to join economic development staff to
participate in the discussion. Staff also announced upcoming events including the Annual
Dublin Chamber BBQ on August 19, and the Visit Tri-Valley Luncheon on August 20, 2015.
ACTION: None.
9. Request for Future Agenda Items
None.
10.Adjournment
There being no further business to come before the Committee, the meeting was adjourned at
1:30 PM.
Minutes prepared by Lori Taylor, Economic Developm t1pirector.
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ayor 4441)—kit
ATTEST: PIA 9.
Economic Development Director/
Public Information Officer