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AGENDA ITEM REVIEW FORM |
2.L.
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 agreement with Greater Yuma Economic Development Corporation for Fiscal Year 2017-2018. (Tadeo A. De La Hoya, 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 a collection of demographic statistics and indicators need by manufacturers, distributors, retailers, and developers.
Amount: The city has entered into an agreement with GYEDC for economic development services in the past and has already budgeted funds in the amount of $40,000.00 for services to continue until the end of the 2017-2018 Fiscal Year on June 30, 2018.
Amount: The city has entered into an agreement with GYEDC for economic development services in the past and has already budgeted funds in the amount of $40,000.00 for services to continue until the end of the 2017-2018 Fiscal Year on June 30, 2018.
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:
- $40,000.00
- BUDGETED AMOUNT:
- Yes
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- Account # 100-110-80000 Contractual Services/$401,665.34
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
Contract amount is budgeted for Fiscal Year 2017-2018.