Recommendation to adopt Specifications No. RFP CM16-098 for Launch, Do, Grow: Business Solutions for Long Beach, Scope C; Authorize City Manager, or designee, to execute any and all documents necessary for the Lease of City-owned property located at 309 Pine Avenue (Subject Property) to the Long Beach Community College District and BlankSpaces, LLC, for the maintenance, operation, and programming of a coworking space, Small Business Development Center consulting services, and an international business accelerator pilot program; and Increase appropriations in the General Fund (GF) in the Economic Development Department by $250,000, offset by a release of funds received from the sale of former Redevelopment Agency-owned parcels for improvements at the Subject Property. (District 1)
Vice Mayor Richardson. Motion carries. Item 34. Report from Economic Development Financial Management Recommendation to execute all documents necessary for the lease of city owned property located at 309 Pine Avenue to the Long Beach Community College District and blank spaces for the maintenance operation and programing of a coworking space, Small Business Development Center Consulting Services and an international business accelerator pilot. Program. John Gonzalez Yes, I want to thank economic development staff, both Sergio and John, if you want to give us like a quick because this is the Sean LaMarche Innovation Center and I think it deserves at least one minute of discussion. So I appreciate it. Honorable mayor and members of the city council. Yes, this is very exciting. This is a process we began about a year ago when we released a request for proposals to do something creative and exciting at three or nine pine for entrepreneurs. And we had a number of different proposals that came forward. One exciting public private partnership with Long Beach City College and Blank Spaces, which is a private co-working space operator who has multiple sites in the region. What we're proposing tonight is a ten year agreement for the lease and operations of 309 Pine. Ultimately, Long Beach City College, as part of the agreement, will provide entrepreneurial support programs, which include SBA, the Small Business Administration Business Consultants. Their International Business accelerator programs for entrepreneurs in blank spaces will manage and operate, maintain the facility for us at no cost to the city. In fact, the city will do some initial tenant improvements in the amount of $250,000. However, we'll get that capital investment back over the next ten years as they pay approximately 40 $600 per month for these ten years with some CPI increase as well. So this is a very exciting partnership, as you mentioned. Last month, the council approved moving forward with a recommendation to name this Sean McKee Center for Innovation. And it will be a great asset in our downtown to activate a really neat governmental facility in partnership with the private sector and hopefully allow for lots of business start up as well as the creation of jobs. Thank you. That's the end of my report and I'm happy to answer any questions. Thank you. No public comment will go. Sorry. This is this is not the final public comment. I'll let all that. I'll let you know when it's coming. Okay. You want to comment on the show on the Marquee Innovation Center? Yes. Come down. Thank you. I didn't hear what we're. Going to be doing there. What are we going to be doing there? What are we going to be doing. So that it's over? It's time for a public comment on the show on the Marquee Innovation Center. Where what are we going to start? I think the goal in the center, please. The reports over. So continue. I didn't. Hear what the center's going to. Do. You need to take a seat, sir. I can't ask what we're going to be doing at the center. You can't see. It's not that. We just had the report. Thank you. Okay. There's a motion and a second. Please cast your votes. Sounds great. That's my vote. Motion Carries.