AGENDA CAPTION:
Title
Consider approval of Resolution 2024-152R, approving a one-year extension of the city's contract with the Greater San Marcos Partnership ("GSMP") in the amount of $320,000.00 for economic development services and authorized expenses, and that eliminates the provision of business retention and expansion services from the scope of services under the contract; authorizing the City Manager, or her designee, to execute such contract extension; and declaring an effective date.
Body
Meeting date: August 20, 2024
Department: CMO
Amount & Source of Funding
Funds Required: $320,000
Account Number: 10001133-54195; 21006322-54195; and 22006335-54195
Funds Available: Yes
Account Name: Economic Development
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Economic Vitality
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The city's contract with the Greater San Marcos Partnership (GSMP) is set to expire at the end of FY24. Staff has negotiated a one-year contract extension with GSMP. As part of the extension, GSMP will no longer be required to provide business retention and expansion (BRE) services as part of their scope of work. This will reduce the annual contract amount from $400,000 to $320,000, and staff will utilize the savings from this contract to provide BRE services in house.
Council Committee, Board/Commission Acti...
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