PREPARED BY: REINA SCHWARTZ DATE OF MEETING: 03/02/20
SUBJECT:
TITLE
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO APPROVING A PROFESSIONAL SERVICES AGREEMENT WITH THE SAN PABLO ECONOMIC DEVELOPMENT CORPORATION FOR FY 2019/20 IN THE AMOUNT OF $562,500 AND APPROPRIATING $562,500 FROM GENERAL FUND DESIGNATED RESERVES/SPEDC OPERATING SUBSIDY TO FUND THE CONTRACT
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COMPLIANCE STATEMENTS
FY 2019-21 City Council Priority Workplan Compliance Statement
Support for the San Pablo Economic Development Corporation (SPEDC) is a policy priority in the FY2019-21 City Council Priority Work Plan, effective March 1, 2019
CEQA Compliance Statement
This is not a project as defined by CEQA.
BACKGROUND
In February 2011, the San Pablo Economic Development Corporation Board of Directors held its first meeting, elected officers, approved Articles of Incorporation, and adopted Bylaws. Since that time, the San Pablo City Council and the SPEDC have enjoyed a relationship of mutual support and trust based on the common goals and objectives of enhancing job creation and training and facilitating business growth and opportunity.
In recognition of these mutual goals and objectives in the economic development arena, the City Council has provided financial support to the SPEDC in the past to help ensure its success, and hence the stability of the local economy. This report recommends entering into a professional services agreement with the SPEDC for services outlined in the attached scope of work for FY 2019/20 in the amount of $562,500. With an effective date of July 1, 2019, the contract terminates on June 30, 2020.
On January 21, 2020, City Council approved the FY 2019/20 General Fund Designated Reserves (GFDR) with an earmark of $562,500 for an SPEDC FY 2019/20 Operating Subsidy. Currently, the funding still sits in the General Fund Designated Reserves and needs to be appropriated into a spenda...
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