 |
AGENDA ITEM REVIEW FORM |
4.F.
Regular City Council Meeting
- Meeting Date:
- 06/09/2021
- Department Head:
- Kay Macuil
- Submitted By:
- Kay Macuil, City Attorney, Attorney's Office
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 2021-2022. (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 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 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 needed by manufacturers, distributors, retailers, and developers.
Amount: The city has entered into an agreement with GYEDC for economic development services in the past. City Council has directed staff to include $57,508.00 for the budget in Fiscal Year 2021-2022.
Amount: The city has entered into an agreement with GYEDC for economic development services in the past. City Council has directed staff to include $57,508.00 for the budget in Fiscal Year 2021-2022.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE CONTRACT WITH GYEDC IN THE AMOUNT OF $57,508.00.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $57,508
- BUDGETED AMOUNT:
- NA
- AVAILABLE AMOUNT TO TRANSFER:
- No transfer required
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- 100-110-80000 CONTRACTUAL SERVICES/ $395,146.42
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
These funds are budgeted for FY 2021-2022. The contract is effective on July 1, 2021.