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Bay County, Florida RESTORE Act Project Pre-proposal Form Fall 2014 Project Number (For Staff Only) Submittal Date Revised 10/09/14 Purpose: This form is designed to assist citizens, businesses, public or private organizations, and local governments wishing to submit a project for consideration of funding from the Gulf Coast Restoration Trust Fund Direct Component dollars allocated to Bay County by the 2012 RESTORE Act. Additional information on this process, including deadlines, is provided at restore/preproposal.php Funds are provided to Bay County, as a federal grant, usually on a project-by-project basis. Organizations wishing to manage a project must have the capacity to manage a federal grant and comply with all of its requirements. A maximum of $6.3 million will be available for this funding cycle. Projects not funded in this cycle may be proposed in future application cycles. NOTE: Only information submitted on this form will be considered. Complete the form, save it and email it to You will receive an email confirming receipt of your pre-proposal. Please note that Florida has a very broad Public Records Law and your email communications may therefore be subject to public disclosure. Criteria for eligible projects A proposed project must meet all the following criteria in order to be eligible for Bay County's Direct Component funds: 1. Within Bay County or adjacent surface and Gulf waters, or with an identified and strong benefit to the County 2. Addresses one or more RESTORE Act eligible activities http://tinyurl.com/ RESTOREActEligibleActivities 3. Addresses one or more Bay County Multi-Year Implementation Plan Objectives http://tinyurl.com/ GoalsObjBayMYIP 4. Is not fully funded by another source of money 5. Has a recognizable public benefit Bay PRP 2014-046 11/03/2014 ---PAGE BREAK--- Project Name (Character count limited to 250) Project Proposer Name (Character count limited to 50) Affiliation (Character count limited to 50) Position (Character count limited to 50) Mailing Address Street / P O Box City State Zip Code E-Mail Address Web-Site Phone Number Fax Number Project Description (Character count limited to 500) Project Size (acres) Public Benefit (Clearly and briefly describe anticipated outcomes and benefit to the public. Complete only those that apply) (Character count limited to 300 on each topic) Economic Fostering Business and Econmomic Growth Through Business Incubation Andrew Levy Business Innovation Center (BIC) Chairman, BIC Executive Board 4750 Collegiate Drive Panama City FL 32405 pkidwell@businessinnovation http://www.bicpc.com/ [PHONE REDACTED] The BIC continues to have active interest from innovation-oriented and foothold companies. The BIC (10 clients, 4 in residence) has already exceeded capacity and recognizes the value of having multiple locations Downtown Panama City is the urban environment clients’ desire 661,120 For every $1 of public investment in an incubator there is a return on investment of $30 in local tax revenue. There is increased likelihood of business success with 87% of incubator graduates staying in business and 85% of the incubator graduates staying in the community ---PAGE BREAK--- Environmental Social Other RESTORE Act Direct Component eligible activity that the project undertakes (Check only those that apply) Activities Eligible for Funding Restoration and protection of the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, and coastal wetlands of the Gulf Coast region Mitigation of damage to fish, wildlife, and natural resources Implementation of a federally approved marine, coastal, or comprehensive conservation management plan, including fisheries monitoring Workforce development and job creation Improvements to or on State parks located in coastal areas affected by the Deepwater Horizon oil spill Infrastructure projects benefitting the economy or ecological resources, including port infrastructure Coastal flood protection and related infrastructure Planning assistance Administrative costs of complying with this subsection Promotion of tourism in the Gulf Coast Region, including recreational fishing Promotion of the consumption of seafood harvested from the Gulf Coast Region Limited only by the incubator's client base and mission of fledgling businesses/products developed to impact our local environment. An example of a current client impacting social aspects: company developing system to modernize the booking of local charter fishing and hunting trips Bay County and surrounding areas, bringing people together with similar interests in outdoor activity. Four separate clients/potential clients are "on hold" for requested BIC services. The current lack of space precludes service to companies with known job creation potential in tech and di l fi ld A d f thi t ll th t t t b i j b t B C t ---PAGE BREAK--- Bay County RESTORE Act Multi-Year Implementation Plan objectives addressed (Check only those that apply; read full text of each objective before checking the box. Full text can be downloaded at http://tinyurl.com/GoalsObjBayMYIP) Economic Development and Job Creation Objective 1.1 Diversify the Economy Objective 1.2 Contribute to infrastructure Objective 1.3 Expand airport economic benefits Objective 1.4 In-demand job training Objective 1.5 Workforce development fund Objective 1.6 Facilities to foster tourism and economic development Objective 1.7 Recreation, public transportation, and opportunities for wage improvements Objective 1.8 Conserve and protect natural resources Objective 1.9 Promote recreational Gulf fishing Objective 1.10 Community resilience planning Environment Objective 2.1 Improve and protect the St. Andrew Bay watershed Objective 2.2 Improve and protect water quality Objective 2.3 Protect seagrass beds Objective 2.4 Increase awareness of wildlife habitat Objective 2.5 Acquisition and management of coastal conservation lands Objective 2.6 Preserve and restore dune systems and living shorelines Objective 2.7 Contribute to the protection and recovery of protected species Objective 2.8 Sustainable approach to long-term collection of water data Public Infrastructure Objective 3.1 Maintain water quality in Deer Point Lake Objective 3.2 Stabilize unpaved roads Objective 3.3 Upgrade sewage treatment to advanced wastewater treatment levels Objective 3.4 Replacement of septic tanks with centralized wastewater treatment Objective 3.5 Upgrading stormwater treatment facilities Objective 3.6 Promote low impact development Objective 3.7 Increase coastal resilience Objective 3.8 Support the Port Authority's efforts to add capacity and increase trade ---PAGE BREAK--- Location Describe Project Location (Character count limited to 300) Provide the location of the center of the project as latitude/longitude in decimal degrees (e.g. latitude 30.1312, longitude -85.7327). To determine this, go to the Bay County ArcGIS Map, (works best in Chrome or Internet Explorer browsers) put the pointer on the center of your project, and note the latitude and longitude from the bottom left corner. Latitude Longitude Cost Estimated total cost of project Amount being requested Describe what the requested funds will be used for. (Character count limited to 300) If long term funding is needed, indicate the anticipated funding source and availability. (Character count limited to 300) Estimate amount of time needed to complete the project 0 to 2 years 3 to 6 years 7 to 10 years 11 plus years 97 Oak Ave in downtown Panama City, FL located in the former Social Security Admin. office. Building is well suited for conversion to incubation offices, most efficiently using avail. funding. L l t d f f f t ti l li t / t b 30.154874 -85.662405 $629,000.00 $629,000.00 Five year lease of up to 10,800 sq ft building with office, meeting and other support spaces. Will also cover start-up and costs of internet, phone, utilities, insurance, furniture and modest marketing. The Business Innovations Center will continue to seek additional Federal, State, Local and private funding sources for long term service to the local community. ---PAGE BREAK--- Matching funds Are matching funds available? Yes No If yes, describe source and if the match is secured. (Character count limited to 300) Amount of match secured Percent of estimated project cost to be provided by matching funds Partnerships Are any partnerships anticipated for this project? Yes No If yes, please provide name of partner(s) Have funds requested for this project also been requested from another source? Yes No If yes, indicate which source, when requested, anticipated decision and date of decision. (Character count limited to 300) Is this project already fully funded by another source of money? Yes No N/A 1) City of Panama City 2) Bay County Chamber & 3) Bay EDA N/A ---PAGE BREAK--- Bay County, Florida RESTORE Act 2014 - 2015 Full Proposal Form Project Number: (For Staff Only) Submittal Date: Form Revised: January 5, 2015 Purpose: This form is for those projects that the Bay County RESTORE Act Advisory Committee advanced from the pre-proposal phase to the full proposal phase. These projects are being considered for potential funding from the Gulf Coast Restoration Trust Fund Direct Component dollars allocated to Bay County by the 2012 RESTORE Act. Process: The information required by Bay County’s full proposal form will build upon the information provided in the pre-proposal form. Bay County staff will provide to the project applicant the completed pre-proposal form previously submitted, merged with the blank full proposal form. Applicants will complete the full proposal form and may make changes in the merged pre-proposal form. For each proposal, only those RESTORE Act eligible activities and Bay County Multi-Year Implementation Plan objectives that are fully justified by the applicant will be considered. Each proposal must support at least one eligible activity and one objective. The Committee will recommend projects for funding to the Bay County Board of County Commissioners. The Board will decide which projects to submit for federal funding. Information in addition to that provided in the full proposal may be required from an applicant before consideration of the project by the Board of County Commissioners and/or before the County applies for federal grant funds, especially for those projects proposed to be managed by an entity other than Bay County. For those projects selected by the Board, project proposers will be responsible for providing all project-related information required by Treasury’s grant application process, described in “RESTORE Act Direct Component Guidance and Application to Receive Federal Financial Assistance”. All Gulf Coast Restoration Trust Fund (RESTORE Act) Direct Component funds reserved for Bay County will come to Bay County in the form of federal grants on a project-by-project basis. Direct Component funds are governed by federal regulations (31 C.F.R. Part 34), as well as guidance issued by the Office of Management and Budget entitled, “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (78 Fed. Reg. 78,590; December 26, 2013). Grant funds for each project may be managed directly by Bay County or may be passed through to qualified sub- recipients. Projects of the type that normally would be competitively bid by Bay County will be competitively bid. Instructions: Applicants must complete this form in electronic pdf format, save it, and email it to You will receive an email confirming receipt of your proposal. Please note that Florida has a very broad Public Records Law and your email communications may therefore be subject to public disclosure. If you are using Chrome browser, you may have difficulty with the form. Do not use Chrome’s default pdf reader. Adobe Reader XI or newer is needed to complete the form. If you do not have the reader, you can download it for free from the Adobe website. For ADA compliance for the visually impaired, we recommend online conversion tools for Adobe PDF documents. Bay PRP 2014-046 02/09/2015 ---PAGE BREAK--- A. General Information Name of Proposed Project: Name of Applicant: Project Description: Description of Project Location: Please provide a written description of the project's location. Please also provide a map of the project boundaries using one of the following methods: GIS, Google Earth KMZ file, parcel numbers, a sketch on a map, or a sketch with geographic reference points. Specify which method is being used. Submit the map file separately to making sure to include the name of the proposal and to describe the map method used. B. RESTORE Act eligible activity. Fully justify how the proposed project qualifies as one or more RESTORE Act eligible activity. Eligibility will be evaluated by Bay County and U.S. Department of the Treasury staff. 1. Restoration and protection of the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, and coastal wetlands of the Gulf Coast region. FOSTERING BUSINESS AND ECONOMIC GROWTH THROUGH BUSINESS INCUBATION Business Innovation Center (BIC): Jeremy Bennett, Board President and Pamela Kidwell, BIC Executive Since August 2013, the Business Innovation Center (BIC) has mentored new, growth stage* and foothold* companies in admittedly limited facilities on the Florida State University-Panama City (FSU-PC) campus. With ten (10) clients, four of whom are in actual residence in the current FSU-PC offices, the BIC has already exceeded its in-house capacity. In short, the BIC needs to expand its operation in an additional facility. Downtown Panama City offers the urban commercial environment our clients desire and an inventory of suitable buildings. Combining a downtown i l f ilit t h li t ith f l b d l ti f d id t Four buildings of interest in downtown Panama City have been identified to house the BIC expansion. A lease on any of these buildings will not be initiated without surety of grant funding. These coordinates describe the area in downtown Panama City bordered by 7th Street on the north, 5th Street on the south Beach Drive/Florida Avenue on the west and Luverne Avenue on the east Not Applicable ---PAGE BREAK--- 2. Mitigation of damage to fish, wildlife, and natural resources. 3. Implementation of a federally approved marine, coastal, or comprehensive conservation management plan, including fisheries monitoring. 4. Workforce development and job creation. 5. Improvements to or on State parks located in coastal areas affected by the Deepwater Horizon oil spill. 6. Infrastructure projects benefitting the economy or ecological resources, including port infrastructure. Not Applicable Not Applicable Startups, growth stage companies and new foothold companies expanding into our market, especially those in innovative non-retail industry sectors, are key to new job creation and subsequent workforce development in Bay County. The BIC itself is space-constrained and cannot expand on the FSU-PC campus. The four companies currently in residence at the BIC's FSU-PC facility are space-limited. Their employees often must timeshare office space, which is less than optimal for growth. Our most promising client expects to employ forty (40) technical staff but cannot do so without offices and meeting spaces. Growth is exciting Not Applicable Although this funding request will not be used in the traditional infrastructure development sense, a non-retail,STEM-focused business incubator facility in downtown Panama City will be another “tool” in Bay County’s economic development toolbox to entice foothold companies to test our waters and set up permanent operations here. ---PAGE BREAK--- 7. Coastal flood protection and related infrastructure. 8. Planning assistance. 9. Promotion of tourism in the Gulf Coast Region, including recreational fishing. 10. Promotion of the consumption of seafood harvested from the Gulf. C. Gulf Coast Restoration Trust Fund (RESTORE Act) Multi-Year Implementation Plan (MYIP) for Bay County objectives. Fully justify how the proposal meets one or more MYIP objectives. 1. Economic Development and Job Creation Objective 1.1: Diversify the economy in areas of aerospace, medical technology, logistics, and advanced manufacturing, tourism development projects and defense. Not Applicable Not Applicable A client currently served by the BIC is directly involved in promoting recreational freshwater and saltwater fishing through a website portal. Unfortunately, the BIC’s current space limitations preclude him from being housed in the existing office facility. RESTORE ACT funding to allow the BIC’s expansion would offer this start-up and possibly others in tourism promotions space to grow. Not Applicable As its name suggests, the BIC’s mission as a non-profit business incubator is to cultivate, stimulate and nurture the growth of these non-retail industry sectors. A 2011 report called “Incubating Success,” which was financed by the Economic Development Administration at the Department of Commerce, found that one of “the most important goals of top-performing incubation programs are creating jobs and fostering the entrepreneurial climate in the community.” ---PAGE BREAK--- Objective 1.2: Provide or contribute to infrastructure to attract new and technology-based industry - e.g., high- tech infrastructure hangars/facilities, industrial sites. Objective 1.3: Support efforts and expand economic benefits from the airport. Objective 1.4: Provide in-demand job training and align training infrastructure resources for those jobs that are in the community or are anticipated. Objective 1.5: Establish a flexible workforce development fund able to rapidly respond to specific job-training needs. Objective 1.6: Develop and promote additional facilities, attractions, ecotourism opportunities, cultural and heritage resources, and other tourism amenities to foster tourism and economic development. All of the non-retail sectors referenced in Objective 1.1 require physical space with STEM-compatible infrastructure and support facilities. The BIC is the only non-profit entity in Bay County offering such entrepreneurial support. The successful launch of a new non-retail incubator in downtown Panama City will not only help BIC clients in residence now, but allow us to house the clients for whom we have no space in our current location, as well as encourage others to locate within the facility. It might also encourage the revitalization of other buildings downtown as BIC clients "graduate" and need to expand into "independent" facilities Furthermore the office spaces on the FSU-PC Not specifically applicable at this time. However, aerospace, logistics and tech companies which might be attracted but not ready to commit or are waiting to build fixed base operations at the airport could establish temporary offices in the new BIC facility. (See Objectives 1.1 and 1.4) The BIC has a well-established working relationship with CareerSource Gulf Coast as well as Gulf Coast State College, FSU-Panama City and Haney Technical School, all of which offer employment resources to employers and job seekers. This relationship may particularly relevant to foothold firms looking to expand into Bay County. From its expanded facilities, the BIC can help coordinate job training for these companies and pre-qualify job seekers for them through its workforce development partners. Not Applicable Not Applicable ---PAGE BREAK--- Objective 1.7: Support recreation (including improved beach and water access), public transportation (including bike lanes), and opportunities for wage improvements that enhance the quality of life of Bay County residents and visitors. Objective 1.8: Conserve and protect those natural resources that form the basis of the tourist industry. Objective 1.9: Promote recreational Gulf fishing by establishing artificial reefs, highlighting recreational fish species that have fewer catch restrictions, and emphasizing the activity and enjoyment of fishing rather than particular fish species. Objective 1.10: Support community resilience planning for locally owned businesses to assist continuity of operations planning for post man-made or natural disasters. Not Applicable. However, to the extent that the BIC focuses on the growth of STEM-related new business development, expansion into a new facility will present “...opportunities for wage improvements...for Bay County residents….” Not Applicable See section B.9 Not Applicable ---PAGE BREAK--- 2. Environment Objective 2.1: Improve and protect the St. Andrew Bay watershed water quality and watershed condition taking into consideration the recommendations and priorities in the St. Andrew Bay Surface Water Improvement and Management Plan, the St. Andrew Bay Stormwater Management Plan (2009), and the Northwest Florida Water Management District Gulf restoration projects list, as well as the priority recommendations of the Florida Fish and Wildlife Conservation Commission, the Florida Department of Environmental Protection, the Florida Department of Agriculture and Consumer Services, and fishery strategies. Objective 2.2: Improve and protect the water quality of the St. Andrew Bay, its watershed, coastal lakes, and the Gulf near-shore waters by advancing acquisition of lands and restoration of wetlands and uplands in proximity to the Bay. Objective 2.3: Protect seagrass beds by partnering with organizations to institute a public awareness program to inform residents and visitors about the value and potential threats to seagrass beds. Objective 2.4: Increase awareness of the beach and near-shore areas as wildlife habitat. Not Applicable Not Applicable Not Applicable Not Applicable ---PAGE BREAK--- Objective 2.5: Support acquisition and active management of properties important to coastal conservation lands in order to protect the natural resources. Objective 2.6: Preserve and restore dune systems and living shorelines, including oyster reefs, seagrass beds and marshes, to improve estuarine habitat and water quality, reduce shoreline erosion, increase coastal resilience and minimize the potential damage to life and property caused by coastal storms. Objective 2.7: Support projects that contribute to the protection and recovery of protected species listed by the state or federal government and that improve the flexibility of local infrastructure management, development, and business operations. Objective 2.8: Support a sustainable approach to long-term collection of water quality and other important environmental data that can be used as indicators of ecosystem health and recovery and provide information for use in adaptive management. 3. Public Infrastructure For this plan, public infrastructure is defined as man-made infrastructure owned by the public and/or for public use. Environmental infrastructure, such as wetlands, the seagrass beds, and other habitats, are included in the Environment section. Not Applicable Not Applicable Not Applicable Not Applicable ---PAGE BREAK--- Objective 3.1: Maintain water quality in Deer Point Lake, the local potable water supply, at current levels or better through conservation land acquisition, septic tank removal, stabilization of unpaved roads and fertilizer application education. Objective 3.2: Stabilize unpaved roads in Bay County to reduce nutrient and sedimentation input into the St. Andrew Bay system; prioritize efforts based on proximity to water bodies and other factors, including guidance in the St. Andrew Bay SWIM plan. Objective 3.3: Maintain and improve the water quality of the Gulf and the St. Andrew Bay system by upgrading sewage treatment facilities to advanced wastewater treatment levels or greater. Objective 3.4: Facilitate replacement of septic tanks with centralized wastewater treatment, prioritizing efforts based on factors including proximity to the bay system, density of septic tanks, age and condition of septic tanks, and soils. Objective 3.5: Maintain and improve the water quality of the Gulf and the St. Andrew Bay system by installing or upgrading stormwater treatment facilities, using the St. Andrew Bay Stormwater Management Plan (2009) and the SWIM plan for guidance and with emphasis on multi-jurisdictional approaches. Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable ---PAGE BREAK--- Objective 3.6: Promote low impact development (LID) practices. Objective 3.7: Increase coastal resilience and protect key public assets from coastal flooding. Objective 3.8: Support the Port Authority’s efforts to add Port capacity and increase trade, including land acquisition for facilities, expansion of port related infrastructure, continued development of the Intermodal Distribution Center, maintaining and expanding deepwater access, and the capacity to provide alternative fuels. D. Budget Information Budget justification. Explain how the overall budget supports the proposed scope of work and identify sources of funds. Provide separate Bay County RESTORE and other funds budgets using the provided table at the back of this form. Provide the budget for each category. Ongoing costs. Identify ongoing costs necessary to support the project after the major grant period operation and maintenance of facilities), and the source of funds for those costs. Specifically identify any ongoing costs proposed to be borne by Bay County. Not Applicable Not Applicable Not specific but equally applicable to the opportunity delineated in Objective 1.3 Of the $629,000 requested, $50,000 for leasehold improvements over 5 years; $65,000 for equipment (telecomm; copiers; computers and printers; and furnishings over 5 years); $514,000 for the building lease. The BIC has operating capital to cover its personnel expense, and generates income from its business counselling services. It does not collect rent at this time. When it occupies the facility, it expects to generate $25,800 in rent revenue to offset its operational expenses The BIC's estimated annual operating budget is $550,000 per year. We expect to collect $309,600 in facilities rental revenues. The remaining $240,400 will be covered by its long term investment accounts, revenue-generating activities, additional grants and donations (cash and material). ---PAGE BREAK--- E. Project milestones. Describe the overall objective of the proposed project and criteria/measures to be used to evaluate the success in helping to restore and protect the economy and/or environment of the Gulf Coast region. F. Natural Resource Projects. Is this project designed to protect or restore natural resources? Yes No If yes, provide a brief summary demonstrating how the project is based on Best Available Science. Projects approved by the Board of County Commissioners will be required to complete the Treasury’s three-pronged test (see below). 1. maximizes the quality, objectivity, and integrity of information, including statistical information; 2. uses peer-reviewed and publicly available data - cite peer-reviewed, objective, methodologically sound literature sources that support the conclusion that the proposed scope of work is an effective way to achieve the stated objectives, when available 3. clearly documents risks and uncertainties in the scientific basis for such projects G. Treasury RESTORE Act Environmental Checklist. Review Treasury’s RESTORE Act Environmental Checklist (attached to this form) and list and discuss any of the federal acts and executive orders the applicant anticipates as issues for the proposed project. If any of the items on the checklist apply to a project, additional information and actions may be required at a later stage. The Business Innovation Center is a self-sustaining business operation in its own right with its own source of working capital and income derived from its internal and external client consulting services. With this grant, the BIC will rent an office facility in downtown Panama City, invest in leasehold business support improvements that complement its operations (telephone system, internet, etc.), and expand its operation for its existing client base to include several more in-house clients. The number of resident businesses will vary, both according to space, demand and “graduation rates” Not Applicable. Submitted separately. ---PAGE BREAK--- H. Economic Development. Is this an economic development project? Yes No If yes, applicant must specify economic development benefits. Applicants stating economic development as an objective for their project may be required to conduct a formal economic impact analysis of the proposed project or provide data for an economic analysis. I. Job Creation. Is this project claiming to create jobs? Yes No If yes, describe how jobs are to be created and the types of jobs. Number of jobs to be created: Job creation schedule for three consecutive years: Year 1 Year 2 Year 3 Average wage for each created job: Total cost of the proposed project: See section C.1 By definition, a business incubator like the BIC is a local economic development engine whose purpose is to foster the success and growth of startups and foothold businesses in Bay County. With this grant, the BIC will expand its activities and move its existing clients that are outgrowing their current space in our FSU-PC center into the downtown “tech corridor” building. The FSU-PC location will be retained to provide non-resident client counselling, and offer small office Personnel costs are borne by the BIC's current operational funding. $629,000.00 ---PAGE BREAK--- J. Complementary Projects. Please describe if the project complements other funded or planned projects. For each complemented project, describe the project, the purpose of the project, the organization conducting the project, the funding source (if known), and the budget (if known). K. Project readiness and feasibility State whether the project is ready to start when funds are available. State the amount of time anticipated after funding is available that the major work of the project can start. Permits. Does the proposed activity require any federal, state or local permits? Yes No If yes, list local, state, tribal and/or federal permits required for this project and the status of each permit. Will this project use the requested funds for land acquisition? (Landowner must be a willing seller.) Yes No If yes, provide the following information. Legal rights that will be acquired. Fee Simple Yes No The downtown Panama City Marina redevelopment project and long-range improvement plans reference a downtown ”tech corridor”. Although this project does not rely upon nor is it affiliated with the marina redevelopment, the BIC facility certainly will serve as a cornerstone for progress toward downtown revitalization. In anticipation of this funding, four properties in downtown Panama City have been identified as suitable for the BIC and its clients’ needs. Once this funding is secured, the BIC Board is empowered to sign a five-year lease, proceed with leasehold improvements deemed necessary for operations, and begin moving its clients into the new facility as soon as possible. Also see section E for milestones and estimated time table. Local building/fire inspections are the building owners' responsibility. No structural renovations are planned. Permits required to retrofit or upgrade the utilities, telecomm and cable capabilities will be handled in coordination with the landlord. ---PAGE BREAK--- Easement Yes No If a blend of fee simple and easement or other situation, please explain. If easement, describe life and terms of the easement. Entity that will hold title. Easement acreage Fee simple acreage Is a recent independent appraisal of the property available? Yes No If yes, state appraised value. Is a title opinion or certificate available? Yes No Not Applicable Not Applicable Not Applicable ---PAGE BREAK--- Material risks. List the possible material risks, e.g., operational, legal, regulatory (including permits), budgetary or ecological risks that may affect the project. For each identified risk, provide a brief discussion of mitigation strategies that the applicant may need to address in order to implement and/or maintain the proposed activity. Describe the likelihood of project accomplishing its main purpose. Provide justification for statements. Does the applicant plan to contract out any work proposed in this application? Yes No If yes, describe the applicant's contracting strategy, schedule, and plan to effectively monitor and manage contractor performance. L. Project Management. Does the applicant propose to manage the proposed project? Yes No If yes, provide the following information. A Financial Risk Assessment may be required prior to provision of funds. 1. Name of proposed manager/manager organization - (manager must have the capability to manage a federal grant and comply with all requirements) Material risks associated with the project are minimal. Without funding, BIC expansion will not go forward at this time. Time is of the essence with this project. Given RESTORE Act grant funding, the BIC is ready to proceed. Appropriate buildings in the downtown Panama City tech corridor have already been identified. Leasehold improvements are contingent upon the specific building’s shortcomings but the BIC board is confident that it can meet its timeline for occupancy. The extent to which leasehold improvements are required is dependent upon the building selected. See Section E. Current BIC staff in conjunction with the BIC Board will schedule and monitor the project's progress in cooperation with the landlord. Business Innovation Center of Bay County ---PAGE BREAK--- 2. Has the proposed manager agreed to manage the project if funded? Yes No 3. Describe demonstrated applicant experience managing grants and contracts, financial history and track record, etc. and in completing similar projects – size, type, cost, length of time. 4. Describe the capability to maintain the project after completion – technical, fiscal aspects, organization stability. 5. Describe the proposed approach to manage the project if funded. M. Outreach. Describe any planned outreach efforts related to the project. The BIC staff will be responsible for all reporting requirements with considerable oversight by its Board of Directors . Staff members have several years’ experience in managing state and federal grants with the US Small Business Administration ($225,000 over a four-year period) as well as the US Department of Labor ($2M over a three-year period) for a different organization. The BIC has a stable funding source and revenue stream from its current operations with an excellent board and management team in place. In addition to the funds on hand, the BIC expects to generate approximately $25,800 per month in facilities rental revenue. The staff aggressively pursues additional funding through grants, donations and additional programs. The BIC has a funds management program in place under its Executive Director Pamela Kidwell who is answerable to the the BIC’s Board of Directors, including a Certified Public Accountant, which oversees its expenditures. The BIC currently manages $325,940 with an active operating budget of $24,221. Accounting systems are already in place to manage grants funds with Board oversight. Staff is experienced in grant The BIC enjoys excellent relationships with local media, the Bay County Economic Development Alliance, and both local Chambers of Commerce. A comprehensive public relations campaign is planned in all media (print, electronic and social platforms) across the region. Each project milestone is another opportunity for project publicity. A formal ribbon cutting will be held when the building is ready for occupancy. Given formal endorsement by the Bay County Chamber’s Governmental Affairs committee the BIC will have ample opportunity for outreach to the business ---PAGE BREAK--- Cost Item Project Costs Bay County RESTORE Funds Other Funds Personnel and Fringe Travel All Equipment greater than $5,000 Supplies Contractual costs Construction costs Administrative costs Estimated Project Cost by Source $ $ Total Estimated Project Cost Estimated Costs by Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Major Types of supplies and Estimated Costs Ongoing costs. Bay County Funds Other Funds Estimated annual ongoing costs after project end. Estimated number of years for ongoing costs. Total Estimated Ongoing Cost by Source $ $ Total Estimated ongoing Cost Cost Estimate Cost Appendix Sheet $ $ 310000 65000 30000 514000 50000 15000 182800 71000 112800 71000 112800 71000 110800 71000 109800 71000 TELECOMM/INTERNET EQPMT 12000 COPIER 10500 COMPUTERS, PRINTERS 7500 OFFICE FURNITURE, CONFERENCE CTR 35000 240400 3 0 629000 355000 721200 984000 721200 ---PAGE BREAK---