| Information |
| ACTION REQUEST |
| Consider approval of a request to amend the fiscal year 2024-2025 budget to accept and appropriate funds from College of the Mainland as part of the Public Private Partnership MOU agreement. |
| BACKGROUND (Brief Summary) |
College of the Mainland is currently undergoing multiple large-scale construction and renovation projects under the voter-approved 2023 Bond program. The COM projects require timely and effective project management in order to meet aggressive deadlines. The City of Texas City will provide a Fire Marshal who will be primarily assigned to COM for the purpose of meeting critical time-saving deadlines for the benefit of the community; and COM understands the added demand on the City's resources and has agreed to reimburse the City the cost of the salary and benefits for a full-time Fire Marshal for the purpose of ensuring timely inspections and other services traditionally performed by the Fire Marshal for the City.
This Agreement will be for a minimum period of two (2) years commencing on January 23rd, 2025. COM shall pay the City a maximum amount of One Hundred and Twenty Thousand ($120,000.00) dollars each year the agreement is in effect. This amount shall be paid in monthly installments invoiced by the City. |
| RECOMMENDATION |
| The Finance Department recommends the following Budget amendment to accept and record the College of the Mainland's monthly deposits. |