 |
AGENDA ITEM REVIEW FORM |
5.I.
Regular City Council Meeting
- Meeting Date:
- 10/09/2019
- Department Head:
- Tadeo A. De La Hoya
- Submitted By:
- Melissa Lopez, Deputy City Clerk, City Clerk's Office
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the contribution to the Greater Yuma Port Authority, Inc. for Fiscal Year 2019-2020. (Tadeo A. De La Hoya, City Manager and Francia Alonso, Assistant to Council/PIO)
SUMMARY:
Service: The Greater Yuma Port Authority provides Master Planning to the Port Authority's lands and capital for the 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 Indian Tribe. Section 5.3 page 6 of the Restated and Amended By-Laws have set the contribution at $50,000.00.
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 for Fiscal Year 2019-2020.
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 for Fiscal Year 2019-2020.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE CONTRIBUTION IN THE AMOUNT OF $50,000.00 TO THE GREATER YUMA PORT AUTHORITY.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $50,000.00
- BUDGETED AMOUNT:
- $50,000.00
- AVAILABLE AMOUNT TO TRANSFER:
- No transfer required
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- 100-110-80000, Contractual Services/$399,920.00
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
N/A