DATE: October 2, 2018
TO: Mayor and City Council
FROM: Deputy City Manager
SUBJECT
Title
Adopt a Resolution Authorizing the City Manager to Award a $400,000 Small Business Incentive Program Grant to Russell City Distillery, Inc. to Complete a New Distillery and Tasting Room in Downtown
End
RECOMMENDATION
Recommendation
That the City Council adopts a resolution to authorize the City Manager to provide financial assistance in the form of a grant in the amount of $400,000 as part of the Economic Development Small Business Incentive Program to Russell City Distillery, Inc. (RCD) to complete a new downtown distillery and tasting room.
End
SUMMARY
RCD is a boutique craft distillery maker of premium Spirits and is constructing a new distillery and small tasting room in downtown Hayward where patrons can sample and learn about the distillation process. The distillery and tasting room will provide a new destination for visitors of the downtown and will complement the existing restaurants and entertainment venues in the surrounding area. Customers will also be able to purchase product in the retail store to be located in the distillery, which will generate sales tax revenue to the City. RCD products will be sold throughout California and surrounding states. Staff recommends that the City Council adopts a resolution authorizing the City Manager to award a $400,000 small business incentive program grant to Russell City Distillery, Inc. to complete a new distillery and tasting room in the downtown.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution