HomeMy WebLinkAbout~Master - Funding Agreement with Ames Economic Development Commission RESOLUTION NO. 11-392
RESOLUTION APPROVING 2011/12 FUNDING AGREEMENT WITH
AMES ECONOMIC DEVELOPMENT COMMISSION
FOR THE CITY OF AMES,IOWA
WHEREAS, for several years,the Ames economic Development Commission(AEDC)has
provided economic development services to the City of Ames under a contract of services
agreement; and,
WHEREAS, in addition to economic development services, the agreement includes a
provision that provides for the City of Ames representation on the AEDC board; and,
WHEREAS, during the FY 2011/12 budget process, this service was expanded to include
a shared position for business development and marketing; and,
WHEREAS,the contract has been modified to reflect the addition of this service,as well as
the additional expense of$60,000; and,
WHEREAS, the proposed contract includes a maximum reimbursement for services in an
amount not to exceed$150,000, and this is the amount that was approved by Council as part of the
FY 2011/12 budget; and,
WHEREAS, under the proposed contract, the AEDC will continue to serve as the lead
contact for economic development in the City,and this year's contract also includes the addition of
business development and marketing services.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the contract for economic development services with the Ames Economic Development
Commission in the amount of$150,000 is hereby approved.
ADOPTED THIS 9t' day of August, 2011.
C�?. UJAJ-& A. VX - �L�v
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Mahayni
Seconded by: Wacha
Voting aye: Davis, Goodman, Larson, Mahayni, Orazem, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 9`h day of August, 2011.