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AGENDA ITEM REVIEW FORM |
5.H.
Regular City Council Meeting
- Meeting Date:
- 10/09/2019
- Department Head:
- Tadeo A. De La Hoya
- Submitted By:
- Francia Alonso, Assistant to Council/PIO, Administration
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the agreement with Greater Yuma Economic Development Corporation for Fiscal Year 2019-2020. (Tadeo A. De La Hoya, City Manager and Jenny Torres, Economic Development 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 on 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 ten (10) qualified business prospects to locate in San Luis; a marketing plan and implementation of it; recruitment of tenants to the business incubator; and expanding systems of a collection of demographic statistics and indicators needed 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 $51,524.00 for services to continue until the end of the Fiscal Year 2019-2020.
Amount: The city has entered into an agreement with GYEDC for economic development services in the past and has already budgeted $51,524.00 for services to continue until the end of the Fiscal Year 2019-2020.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE CONTRACT IN THE AMOUNT OF $51,254.00 TO THE GREATER YUMA ECONOMIC DEVELOPMENT CORPORATION.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $51,254.00
- BUDGETED AMOUNT:
- $51,254.00
- 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