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AGENDA ITEM REVIEW FORM |
2.M.
Work Session
- Meeting Date:
- 09/06/2017
- Department Head:
- Tadeo De la Hoya
- Submitted By:
- Laura Herrrera, Assistant to Council/Public Information Officer, City Council
Action Requested:
Discussion Item - No Action to be Taken
ITEM:
Discussion and possible directions to staff on any and all matters regarding the contribution to the Greater Yuma Port Authority, Inc. for Fiscal Year 2017-2018. (Tadeo A. De La Hoya, City Manager)
SUMMARY:
Service: The Greater Yuma Port Authority provides master planning to the Port Authority's lands and capital for development of those lands. The Greater Yuma Port Authority is a non-profit corporation created by the City of San Luis, the City of Somerton, the County of Yuma and the Cocopah Tribe.
Amount: The city has contributed funds since the inception of the Greater Yuma Port Authority in the year 2000. The city has already budgeted funds in the amount of $50,000.00 which is the annual contribution under Section 5.3 of the amended by-laws.
Amount: The city has contributed funds since the inception of the Greater Yuma Port Authority in the year 2000. The city has already budgeted funds in the amount of $50,000.00 which is the annual contribution under Section 5.3 of the amended by-laws.
RECOMMENDATION / SUGGESTED MOTION:
Discussion and possible directions to staff only, no action.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $50,000.00
- BUDGETED AMOUNT:
- Yes
- AVAILABLE AMOUNT TO TRANSFER:
- No Transfer Required
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- Account #100-110-80000, Contracted Services/ Remaining Balance $401,665.34
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
Account # 100-110-80000, City Council's Contractual Services. Contribution amount of $50,000.00 is budgeted for the 2017-2018 Fiscal Year.