 |
AGENDA ITEM REVIEW FORM |
4.G.
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 contribution to the Greater Yuma Port Authority, Inc. for Fiscal Year 2021-2022. (Tadeo A. De La Hoya, City Manager)
SUMMARY:
Service: The Greater Yuma Port Authority (GYPA), Inc., provides Master Planning to the Port Authority's lands and capital for the development of those lands including infrastructure dedicated to the City of San Luis in the Magrino Industrial Park and Subdivision and promotion of economic development taking advantage of the proximity to the commercial Land Port of Entry II. GYPA 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 GYPA in the year 2000. The City Council has directed staff to include $50,000.00 for the budget in Fiscal Year 2021-2022.
Amount: The city has contributed funds since the inception of GYPA in the year 2000. The City Council has directed staff to include $50,000.00 for the budget in Fiscal Year 2021-2022.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE FUNDS TO GYPA 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 AMOUNT:
- N/A
- 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 in FY 2021-2022.