 |
AGENDA ITEM REVIEW FORM |
5.C.
Regular City Council Meeting
- Meeting Date:
- 09/09/2015
- Department Head:
- Robert Eads
- Submitted By:
- Dania Castillo, Economic Development Assistant, Community Development Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the agreement with Greater Yuma Economic Development Corporation (GYEDC) for fiscal year 2015-2016. (Robert Eads, City Manager)
SUMMARY:
Service: The Greater Yuma Economic Development Corporation (GYEDC) is a non-profit corporation which provides services focused on attracting commerce and industry to the region, and assisting in developing the region's existing industry to its fullest potential. The agreement sets out the City's goals for GYEDC and how GYEDC will meet those goals. Some of the specifics are: Identifying 10 qualified business prospects to locate in San Luis; a marketing plan and implementation of it; promotion of the incubator; and expanding systems of collection of demographic statistics and indicators need by manufacturers, distributors, retailers and developers.
Amount: The City has entered into agreement with GYEDC for economic development services in the past and has already budgeted funds in the amount of $32,500.00 for services to continue until the end of the 2015-2016 Fiscal Year on June 30, 2016.
Amount: The City has entered into agreement with GYEDC for economic development services in the past and has already budgeted funds in the amount of $32,500.00 for services to continue until the end of the 2015-2016 Fiscal Year on June 30, 2016.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE, RATIFY AND AUTHORIZE APPROPRIATE CITY OFFICIALS TO EXECUTE THE AGREEMENT WITH GREATER YUMA ECONOMIC DEVELOPMENT CORPORATION FOR THE FISCAL YEAR 2015-2016 IN THE AMOUNT OF $32,500.00.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $32,500.00
- BUDGETED:
- Yes
- AVAILABLE TO TRANSFER:
- N/A
- ACCOUNT #/REMAINING BALANCE:
- Account # 100-110-80000, Contractual Services/Remaining Balance $375,962.00
FISCAL IMPACT STATEMENT:
Account No: 100-110-80000, City Counsel Contractual Services. Contract amount is budgeted for Fiscal Year 2015-2016.