HomeMy WebLinkAbout~Master - Funding Agreement with Ames Economic Development Commission FY 2024-25 RESOLUTION NO. 24-272
RESOLUTION APPROVING AMES ECONOMIC DEVELOPMENT COMMISSION
FUNDING AGREEMENT FOR FY 2024/25
FOR THE CITY OF AMES,IOWA
WHEREAS, the FY 2024/25 adopted City budget includes funds for the Ames Economic
Development Commission (AEDC) to conduct economic development activities on behalf of the
City.This agreement provides$175,000 to the AEDC in exchange for two main services: $115,000
of this amount purchases business recruitment and marketing services, and the remaining $60,000
continues funding the services of the City Business Development Coordinator; and,
WHEREAS, this agreement does not include funding designated for economic
development activities awarded through the outside funding request grant process.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Ames Economic Development Commission funding agreement for FY 2024/25 in the
amount of$175,000 is hereby approved.
ADOPTED THIS 14th day of May, 2024.
6,6w- � e
Renee kall, City Clerk John A. Haila, Mayor
Introduced by: Gartin
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Gartin, Junck, Rollins
Voting nay: None Absent: Corrieri
Resolution declared adopted and signed by the Mayor this 141h day of May, 2024.