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AGENDA ITEM REVIEW FORM |
5.K.
Regular City Council Meeting
- Meeting Date:
- 09/09/2015
- Department Head:
- Robert Eads
- Submitted By:
- Kay Macuil, Assistant City Attorney, Attorney's Office
Action Requested:
Motion
ITEM:
Discussion and possible action regarding the contribution to the Greater Yuma Port Authority, Inc. for fiscal year 2015-2016. (Robert A. Eads, 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 until the end of the Fiscal Year 2015-2016 on June 30, 2016.
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 until the end of the Fiscal Year 2015-2016 on June 30, 2016.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE AND AUTHORIZE APPROPRIATE CITY OFFICIALS TO PAY THE ANNUAL CONTRIBUTION TO THE GREATER YUMA PORT AUTHORITY, INC. FOR THE 2015-2016 FISCAL YEAR IN THE AMOUNT OF $50,000.00.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $50,000.00
- BUDGETED:
- Yes
- AVAILABLE TO TRANSFER:
- No Transfer Required
- ACCOUNT #/REMAINING BALANCE:
- Account #100-110-80000, Contracted Services/ Remaining Balance $375,962.00
FISCAL IMPACT STATEMENT:
Account # 100-110-80000, City Council's Contracted Services. Contribution amount of $50,000.00 is budgeted for the 2015-2016 Fiscal Year.