Title
Agreement with Council for Economic Outreach (B)
Explanation
The City Commission appropriated $100,000 in the Utilities current fiscal year budget to aid in the funding of the operation of the Council for Economic Outreach (CEO) a non-profit economic development corporation.
Approval of this item will continue the City's ongoing relationship with CEO for calendar year 2000. Your staff believes that the Utilities' participation in and financial support of a well-coordinated economic development program for the local area is yielding long-term benefits for the City and the Utilities system which have increased retail sales and improved utilization of the systems facilities. We have included backup information, which summarizes CEO's involvement in a number of economic development projects of specific interest to the City.
Recommendations
The City Commission authorize the General Manager for Utilities or his designee to negotiate and execute a one year extension of the City's agreement with the Council for Economic Outreach subject to the approval of the City Attorney.
Fiscal Note
Funds are available in the FY99/2000 budget for this expense. The proposed agreement is for the period beginning January 1, 2000 and ending December 31, 2000.
Drafter
Submitted by: Michael L. Kurtz