HomeMy WebLinkAbout~Master - Approving Ames Regional Economic Alliance agreement for FY 2025/26RESOLUTION NO. 25-283
RESOLUTION APPROVING AMES REGIONAL ECONOMIC ALLIANCE
FUNDING AGREEMENT FOR FY 2025/26
FOR THE CITY OF AMES, IOWA
WHEREAS, the City’s 2025/26 adopted budget includes funds for the Ames
Regional Economic Alliance to conduct economic development activities on behalf of the
City. This agreement provides $175,000 to the Ames Alliance in exchange for two main
services: 1) $115,000 of this amount purchases business recruitment and marketing
services, and 2) the remaining $60,000 continues funding the services of the City
Business Development Coordinator, who provides guidance to prospective businesses
and developers as they navigate the City's development process; and,
WHEREAS, a new responsibility has been added in Section II A.6. in the
agreement which calls for the Ames Alliance to work with developers to encourage the
construction of workforce housing in Ames and look for opportunities to take advantage
of grants, rebates, tax credits, etc. to make building workforce housing in Ames more
attractive to developers; and,
WHEREAS, an item included in Section II B.3 of the current agreement which
specifically focused on encouraging minority-owned business development has been
removed due to the new State of Iowa anti-DEI legislation.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, that the Ames Regional Economic Alliance funding agreement for 2025/26 in the
amount of $175,000 is hereby approved.
ADOPTED THIS 10th day of June, 2025.
_______________________________ _________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Corrieri
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 10th day of June, 2025.